HP Inc. (NYSE: HPQ) today released its 2018 Sustainable Impact
Report, including an industry-leading goal to increase recycled
content plastics across its print and personal systems portfolio to
30% by 2025, continuing the company’s long legacy of leadership in
this area. The report documents the progress HP is making and the
business benefits of investing in the planet, people and
communities. Sustainable Impact programs drove more than $972
million dollars of new revenue for HP in 2018, a 35% year-over-year
increase.
“Companies have critically important roles to play in solving
societal challenges, and we continue to reinvent HP to meet the
needs of our changing world,” said Dion Weisler, President &
Chief Executive Officer, HP Inc. “This isn’t a 'nice to do,' it’s a
business imperative. Brands that lead with purpose and stand for
more than the products they sell will create the most value for
customers, shareholders and society as a whole. Together with our
partners, we will build on our progress and find innovative new
ways to turn the challenges of today into the opportunities of
tomorrow.”
Tackling global plastic wasteHP’s new recycled
content plastics goal builds on the company’s long legacy of
leadership in this area. In 2018, HP used 21,250 tonnes of recycled
plastic in HP products – including more than 8,000 tonnes in its
Personal Systems products (a 3.5% increase from 2017), more than
4,700 tonnes in its printing products (a 280% increase from 2017)
and more than 8,000 tonnes in Original HP ink and toner
cartridges.
“Progress requires us to rethink every aspect of our business to
find new ways to make life better for everyone, everywhere," said
Nate Hurst, Chief Sustainable Impact Officer, HP. “We are making
durable, premium products using recycled plastic as part of our
efforts to transform our business to drive a more efficient,
circular and low carbon economy. Even small advancements, scaled
globally, can have a huge impact.”
As part of this commitment, HP continues to invest in and scale
its impact sourcing initiative to prevent post-consumer plastic
from entering our waterways and oceans. HP has already sourced
approximately 700,000 pounds of ocean-bound plastic materials—or
more than 25 million bottles—upcycling this material into HP
cartridges and hardware. This year, HP launched the EliteDisplay
E273d – the world’s first display manufactured with ocean plastic.2
Together with its partners, including NextWave Plastics, HP is
committed to scaling the use of ocean-bound plastics by developing
the first global network of ocean-bound plastics supply
chains.
In partnership with Dr. Jenna Jambeck and Dr. Chris Cuomo from
the University of Georgia, HP is sponsoring groundbreaking research
on women’s crucial work in recycling and managing waste,
specifically ocean-bound plastics. By focusing on the experiences
of women working on the frontlines of plastic recycling, this
research will serve as a basis for future projects and commitments
involving informal waste collection, the development of ocean-bound
plastic supply chains, and greater gender equality worldwide. This
research is underway now and is scheduled to be released by early
2020.
Enabling customers to do more, with less
impactRecently, HP announced a
sustainable publishing partnership with ELLE Magazine using its
print on demand capabilities to deliver the industry’s first
sustainable fashion magazine made from 100% recycled materials for
the cover and 30% recycled materials for the pages within the
magazine.
HP also announced an innovative partnership with
SmileDirectClub, the pioneer of teledentistry and market leader in
doctor-directed, remote clear aligner therapy. SmileDirectClub is
powering its digital differentiation and rapid manufacturing
expansion of clear aligners with HP’s Jet Fusion 3D printing
solutions, making it the largest producer of Multi Jet Fusion 3D
printed parts in the United States. As part of an expanded
collaboration, HP and SmileDirectClub also announced a new
recycling program, in which excess 3D material and already
processed plastic mouth molds are recycled by HP and turned into
pellets for traditional injection molding, leading to more
sustainable production.
Reinventing the standard for diversity and
inclusionHP’s commitment to diversity and inclusion starts
at the top, with the industry’s most diverse Board of Directors of
any U.S. technology company. HP works to grow its pipeline for
diverse talent, and in 2018, 59% of new hires were from typically
underrepresented groups. HP extends this commitment to how it works
with suppliers. In 2018, HP spent $423 million with small
businesses3 and $219 million with minority- and women-owned
businesses.4 5
Creating vibrant communities
everywhereEducation is a fundamental human right, and HP
believes that technology can be the great equalizer – helping to
bridge the gap and reach typically underrepresented and otherwise
marginalized communities. Through 2017, HP has reach more than 21
million students and adult learners, driving progress toward our
goal to enable better learning outcomes for 100 million people by
2025. Through HP volunteer efforts, corporate giving and HP
Foundation programs, HP aims to catalyze positive change in the
communities where we live, work, and do business. Compared to 2017,
HP employee volunteer hours increased by 62% – 6,400 employees
contributed about 140,000 hours to local volunteer efforts in 48
countries, with a value of $4.3 million.6 In addition, HP
contributed $23.21 million to local communities from HP Foundation
and employee contributions. Between 2016-2025, HP commits to
contributing $100 million in HP Foundation and employee community
giving.7
The Sustainable Impact Report will be unveiled today at the MIT
Solveathon at HP’s headquarters in Palo Alto. Facilitated by the
MIT Solve staff and supported by innovators, researchers and
creative thinkers from HP, this event focuses on generating fresh
ideas and refining solutions from the Bay Area community in
response to Solve’s circular economy challenge. Learn
more
To learn more, visit the HP Sustainable Impact website, and
review the newly released HP 2018 Sustainable Impact
Report.
RELATED LINKS
- Sustainable Impact website
- Sustainable Impact report (link to downloadable PDF)
- Diversity & Inclusion website
- Sustainable Impact press kit
About HP
HP Inc. creates technology that makes life better for everyone,
everywhere. Through our portfolio of personal systems, printers,
and 3D printing solutions, we engineer experiences that amaze. More
information about HP Inc. is available
at http://www.hp.com.
Media contactTom Suiter Tom.suiter@hp.com
www.hp.com/go/newsroom
1 Recycled content plastic (RCP) as a percentage of total
plastic used in all HP personal systems and printer hardware and
print cartridges shipped during the reporting year. Total volume
excludes brand-licensed products and after-market hardware
accessories. Total RCP includes postconsumer recycled plastic,
closed-loop plastic, and ocean-bound plastic used in HP products.
Personal systems plastic is defined by EPEAT® eco-label criteria.
Subject to relevant restrictions on the use and distribution of
materials destined for recycling and/or recycled feedstocks.2
Contains 5% ocean bound plastic resin which is equivalent to more
than three 16 oz. recycled plastic water bottles in each display.3
Data is for the 12 months ending September 30 of the year noted.
Figures for 2016 are for purchases in the United States, Puerto
Rico, Canada, Europe, and Asia, from U.S.-based businesses, and
include one month of spending from before the separation of
Hewlett-Packard Company on November 1, 2015. Figures for 2017 and
2018 are for purchases in the United States and Puerto Rico from
U.S.-based businesses.4 Suppliers are categorized as minority-owned
or women-owned, not both. These categories include all sizes of
businesses.5 Data is for the 12 months ending September 30 of the
year noted. Figures for 2016 are for purchases in the United
States, Puerto Rico, Canada, Europe, and Asia, from U.S.-based
businesses, and include one month of spending from before the
separation of Hewlett-Packard Company on November 1, 2015. Figures
for 2017 and 2018 are for purchases in the United States and Puerto
Rico from U.S.-based businesses.6 Hourly rate based on type of
volunteering: $150/hour for board, service corp, pro bono, and
skills based; $24.69/hour for hands-on and undetermined, adjusted
using World Bank data for purchasing power differences across
countries.7 Includes valuation of employee volunteer hours,
employee donations, HP Foundation match, and HP Foundation
grants.
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