Month: March 2025

Joyce Tsoi, senior director of the Decarbonization Program at Cascale, recently presented at the virtual Komar Supply Chain Sustainability Forums in Vietnam and Cambodia. The event brought together Komar Brands’ Tier 1 and 2 suppliers and featured presentations from industry experts on supplier best practices and brainstorming sessions on environmental and product sustainability initiatives.

Tsoi kicked off her presentation by giving an overview of Cascale’s origins and its vision to convene stakeholders across the industry on a pre-competitive basis to develop a common approach to measuring sustainability. After an overview of Cascale’s growth in membership and evolution, Tsoi highlighted Cascale’s strategic pillars — Combat Climate Change and Support Decent Work for All — as critical to the organization’s renewed focus.

Decarbonization remains a critical focus for the industry. In Vietnam and Cambodia alone, we’ve seen only 27 companies committed to set science-based targets (SBTs), and out of those, 12 companies have validated targets from the apparel, footwear, and textile sector. From Higg FEM data insight, we need to continue to strive for significant actions in South East Asia. Without significant actions and progress, the economic, environmental, and social impacts will continue to escalate.

Tsoi shared Cascale’s efforts to combat climate change and accelerate industry-wide decarbonization through the new Industry Decarbonization Roadmap (IDR), developed in partnership with Apparel Impact Institute (Aii) and with the support of RESET Carbon. She noted how science-based targets (SBTs) and science-aligned targets (SATs) provided a focused first step for companies embarking on their decarbonization journey, complementing the broader IDR roadmap. IDR is a bold, industry-wide initiative to tackle supply chain emissions at scale, aiming to decarbonize global manufacturing from tier 1 finished production assembly, tier 2 material production to tier 3 raw material processing facilities.

Central to IDR, Tsoi highlighted the Manufacturer Climate Action Program (MCAP) framework and how Cascale works with manufacturers to commit and set SATs for validation, evaluate their climate risks, develop a decarbonization plan, and communicate progress with stakeholders. She detailed the program’s benefits, including peer-to-peer learning, best practice sharing in the industry, as well as technical advisory support, training, and guidance. She shared how capacity-building programs – such as MCAP – enable knowledge and skills to be scaled to support manufacturers step-by-step in their target-setting process to support developing their decarbonization plan.

In tandem, Tsoi emphasized the importance of leveraging tools such as the Higg Facility Environmental Module (FEM) in establishing a firm environmental foundation for effective action. With this accurate energy and carbon baseline measurement, companies can determine their focus on tangible energy and carbon reduction opportunities, develop an action plan to take necessary actions, and achieve meaningful progress. Delving deeper into the Higg FEM, Tsoi shared key insights on its adoption in facilities in Vietnam and Cambodia, which showed a significant growth, with more facilities recognizing the Higg FEM as a core tool for measuring environmental performance.

Lastly, she noted the critical value of responsible purchasing practices in moving the industry forward, highlighting Cascale’s recent purchase of key assets of Better Buying Institute (BBI) as a testament of its commitment to advance responsible purchasing practices across the consumer goods industry.

Tsoi concluded her presentation by inviting attendees to register for the Cascale Forum, which will take place May 14-15 in Ho Chi Minh City, Vietnam. The two-day event will bring together manufacturers, suppliers, brands, retailers, and key industry stakeholders to drive actionable solutions for decarbonization, environmental performance, responsible purchasing practices, and audit fatigue.

News Summary:

• This prestigious recognition underscores Cisco’s pioneering approach to payment solutions, sustainability initiatives and financial flexibility for businesses.
• Cisco Capital creates transformative financial solutions tailored to modern business needs.
• The recognition reaffirms Cisco’s role as a leader in flexible financing and a key enabler of digital transformation.

SAN JOSE, Calif., March 31, 2025 /3BL/ – Cisco Capital, a global leader in financial innovation and technology lifecycle solutions, has been named Best Company for Financial Innovation in Monitor Daily 2025, a prestigious recognition that underscores its pioneering approach to payment solutions, sustainability initiatives, and financial flexibility for businesses worldwide. 

“For nearly three decades, Cisco Capital has been redefining how businesses invest in technology,” said Scott Herren, Executive Vice President & Chief Financial Officer, Cisco. “This recognition by Monitor Daily is a testament to our relentless commitment to innovation, customer success, and enabling businesses to scale and thrive in a rapidly evolving digital world.” 

Driving Innovation and Empowering Businesses  

Cisco Capital has been at the forefront of financial product innovation, helping businesses access the latest Cisco technology with flexible financing models designed to optimize cash flow and drive growth. By anticipating industry challenges and crafting forward-thinking solutions, Cisco Capital continues to reshape financial strategies for organizations worldwide. 

“As the captive financing business within Cisco, our mission is to empower businesses with financial solutions that fuel growth, transformation, and sustainability,” said Nick Small, President, Cisco Capital. “Being recognized as Monitor Daily’s Best Company for 2025 validates our dedication to delivering cutting-edge, flexible, and sustainable payment solutions that meet the evolving needs of our customers and partners.” 

Innovative Solutions That Make a Difference  

Cisco Capital’s recognition is fueled by its ability to create transformative financial solutions tailored to modern business needs, including: 

• Cisco Choice Pay with AI Infrastructure – A hardware-as-a-subscription model providing businesses with cost-effective access to Cisco’s latest AI infrastructure. 
• Cisco Green Pay – A sustainability-driven payment program promoting circular IT practices and helping businesses achieve their ESG goals. 
• Cisco Lifecycle Pay with Trade-In Incentive – A program allowing customers to seamlessly upgrade technology with up to a 10% replacement incentive on legacy equipment. 
• HBCU 0% Financing – A dedicated initiative supporting Historically Black Colleges and Universities by providing 0% interest financing and deferred payment options for essential technology investments. 

Commitment to Sustainability and Financial Flexibility  

Beyond financial innovation, Cisco Capital is a pioneer in integrating sustainability into financing. Through Cisco Refresh, the company promotes the circular economy by offering fully warrantied, remanufactured Cisco technology—delivering cost-effective, eco-conscious alternatives to businesses. 

Additionally, Cisco Capital’s strategic Cisco Green Pay solution enables customers to support circularity and access innovative sustainable technology. In fact, Cisco Green Pay won “Best Impact Finance Solution” at the 2023 Sustainable Finance Awards Summit in Paris.

Shaping the Future of IT Financing  

As businesses navigate rapid technological change, Cisco Capital remains committed to aligning IT investments with business objectives through agile, customer-centric financial solutions. Being recognized as a Monitor Daily Best Company for 2025 reaffirms Cisco Capital’s role as a leader in flexible financing and a key enabler of digital transformation. 

About Cisco    

Cisco (NASDAQ: CSCO) is the worldwide technology leader that is revolutionizing the way organizations connect and protect in the AI era. For more than 40 years, Cisco has securely connected the world. With its industry leading AI-powered solutions and services, Cisco enables its customers, partners and communities to unlock innovation, enhance productivity and strengthen digital resilience.  With purpose at its core, Cisco remains committed to creating a more connected and inclusive future for all. Discover more on The Newsroom and follow us on X at @Cisco. 

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at http://www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word ‘partner’ does not imply a partnership relationship between Cisco and any other company. 

About Cisco Capital 

Cisco Capital enables business outcomes for customers and partners through payment and lifecycle management solutions in more than 100 countries. We make the digital future accessible to everyone. For more information, please visit cisco.com/go/paymentsolutions. 

Media Contacts 
Will Stickney 
Public Relations 
+1 646-573-4532 
wstickne@cisco.com

View original content here.