INTELLIGENT BRANDS // Green Technology

This annual report outlines the company ’ s approach , commitments and progress on the sustainability issues that matter most to Fortinet and its stakeholders , including employees , investors , suppliers , partners and customers .

Ken Xie , Founder , Chairman of the Board and CEO at Fortinet , said : “ Our commitment to sustainability is critical to help address today ’ s societal challenges while supporting the long-term success and resilience of our business . As part of this commitment , our work in building a safer digital world has become mission-critical and essential to our society and economy . While we are proud of the progress in this year ’ s sustainability report , we are mindful that advancing our sustainability goals and efforts is a continuous journey of improvement .”

As detailed in the report , Fortinet ’ s sustainability approach has four pillars : addressing cyber-risks to society , diversifying cybersecurity talent , respecting the environment and promoting responsible business across its value chain .

In support of the company ’ s commitment to sustainability and the Sustainable Development Goals ( SDGs ), Fortinet joined the UN Global Compact in 2023 and adheres to its human rights , labour , environment and anti-corruption principles .

Additionally , Fortinet was recognised in the 2023 Dow Jones Sustainability Indices ( DJSI ) World and North America indices for the second year as a testament to the company ’ s ongoing sustainability efforts and dedication to building a more sustainable future for all .

Highlights from the Fortinet 2023 Sustainability Report include :

• Progress toward net-zero greenhouse gas emission targets : The company continues investing in green energy sources , including its new garage space in Sunnyvale , where solar panels will cover the power needs of Fortinet ’ s headquarters and nearby owned sites . In 2024 , Fortinet will submit its decarbonisation plan to the Science-Based Targets initiative ( SBTi ) for validation .

• Improving product energy efficiency : Fortinet continues to improve the power efficiency of its FortiGate appliances – its 2023 models consume , on average , 62 % less power than the previous generation of equivalent models .

• Sustainable packaging : Fortinet continues to explore and introduce packaging made from biodegradable materials , applying it to more than 60 models across its product lines . The ecofriendly packaging manufactured in 2023 helped Fortinet avoid an estimated 455 tons of CO 2 emissions .

• Progress toward training one million people in cybersecurity by 2026 : As of December 31 , 2023 , Fortinet stands at 43 % of its five-year goal . Last year , the company expanded its efforts to close the cyberskills gap by providing free access to various curricula , fostering online safety awareness and nurturing future cybersecurity professionals among students .

• Diversity , Equity and Inclusion ( DEI ): In 2023 , Fortinet strengthened its internal leadership development program to further drive a focus on inclusion . As a result , over 340 Fortinet leaders were trained to foster inclusion .

• Partnerships to disrupt cybercrime : Fortinet continues expanding its collaboration efforts to combat cybercrime . In 2023 , the company joined the Joint Cyber Defense Collaborative ( JCDC ) and through the INTERPOL Gateway program contributed to the arrest of 15 cybercriminal groups and the prevention of US $ 40 million in financial losses . p

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