From the President and CEO

At Cisco we believe that corporations have a responsibility to consider the broader effects of operations on the communities in which they do business and on the world in general. We at Cisco are passionate about not only maximizing return on investment to our shareholders, but also about the integrity and health of the company as well as the global community.

This year Cisco is publishing its first Corporate Citizenship Report. This report describes our citizenship programs, including the history, benchmarks, successes, and future goals. Our accomplishments reflect the passion, determination, and dedication of our employees as well as our close observation of the marketplace. I am very proud of the collaboration and innovation our employees have shown in creating these programs and of the successes we have had to date.

Cisco is dedicated to the success of our customers, our employees, and the communities in which we conduct business:

• We act responsibly in delivering networking products and services worldwide.
• Our policies aim to improve the energy efficiency of our products, enhance the accessibility of the workplace for people with disabilities, and improve our stewardship of the environment.
• We have employee services that encourage work-life balance, a flexible work environment, and career development.
• Our inclusive culture promotes better decision making and creates a workforce that mirrors our customers.
• We expect our employees and those conducting business on behalf of Cisco to be aligned with our values of collaboration, openness, integrity, and generosity.

These actions foster our own success and create financial and social benefits for our shareholders and for the global community.

I truly believe that the Internet and education will be the great equalizing forces in the global economy and that our corporate citizenship practices will not only improve the communities in which we operate, build trust, celebrate our employees, and encourage innovation, but enhance our shareholder value as well.

Sincerely,

John Chambers
President and CEO

About this Report

This report details Cisco's commitment to our employees, the environment, and society for fiscal years 2004 and 2005. Our intent is to show the evolution of our ideas, and progress from the recent activities. This first report does not include any data from our Linksys consumer division. We hope to include the Linksys division in future reports.