Technology company HP Inc. affirms its commitment to contribute to addressing the climate change problem. On Earth Day this year, the US-based company updated the public of the progress it has made to achieve net-zero carbon emission and reduce overall environmental footprint.
The measures HP is driving, that build on the strength of its complete list of 2025 goals, is aligned with relevant UN Sustainable Development Goals.
“Climate change is a defining challenge of our generation that demands immediate action and investment,” said Enrique Lores, president and CEO, HP Inc. “Now is a time for bold moves and ambitious goals that will protect our planet and create new sources of innovation and growth across the global economy. By driving toward net-zero carbon emissions across our entire value chain by 2040, we will accelerate our progress and advance HP’s aspiration to become the world’s most sustainable and just technology company.”
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To achieve its goals, HP is focused on accelerating five strategic drivers intended to decouple growth from carbon emissions and resource consumption, drive innovation, and transform design and business models:
- Print and Compute-as-a-Service: Print supplies renewal, hardware-as-a-service, certified pre-owned, hardware
- Sustainable materials: Increase use of renewable and recycled materials
- Supply chain decarbonization: Drive and support supplier carbon reduction, use of renewable electricity, and adoption of surface transportation and alternative fuels and electric vehicles for product shipments
- Energy efficiency: Design in existing and new energy-efficient product technologies
- Forest investments: Address the fiber used in printing and packaging by investing in forest restoration and protection, and continue to source certified or recycled materials
To achieve these targets, HP will be carbon neutral in its operations by 2025 and reduce Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 50% on an absolute basis by 2030, compared to 2019. Also, 75% of HP’s total annual product and packaging content, by weight, will come from recycled, renewable, and/or reused materials, products, and parts by 2030.
Reducing greenhouse gas emissions
HP was among the first 10% of companies with GHG emissions reduction goals approved by the Science Based Targets Initiative, including a 1.5°C aligned goal to reduce its Scope 1 and 2 emissions 60% by 2025 compared to 2015. For two consecutive years, HP is the only technology company to have been named to CDP’s A lists for climate, forests, and water, as well as CDP’s supplier engagement leaderboard. HP has been a member of RE 100 since 2016 and EV 100 since 2017.
HP commits to 75% of its total annual product and packaging content (by weight) to come from recycled and renewable materials and reused products and parts by 2030. These actions will help to position HP to reach net-zero emissions across its value chain by 2040. In line with HP’s circularity ambitions, HP Operations will be zero waste in its managed facilities by 2025. HP’s Customer Support organization will also be carbon neutral across both HP and partner-run operations by 2030.
HP said it will be using more sustainable materials such as recycled plastic and metals to further accelerate the steps to achieve its goals. Since 1991, HP has kept more than 875 million HP cartridges, 114 million apparel hangers, and 4.69 billion post-consumer plastic bottles out of landfills — instead, upcycling them to make new HP products.
HP will transform its print business from a transactional model to a services model, while actively reducing the carbon footprint of its company and its products. To accelerate a transition to a net-zero value chain, HP commits to carbon neutrality for its supplies business by 2030.