As part of its Sustainable Impact strategy, HP Inc. (NYSE: HPQ)
today announced an ambitious goal to accelerate digital equity for
150 million people by 2030. To help achieve its objective, the
company announced the launch of HP PATH (Partnership and Technology
for Humanity), an innovative accelerator program that will invest
in local initiatives and partnerships to address challenges in
underserved communities around the world focused on education,
healthcare and the creation of economic opportunities.
Today’s announcement coincides with the milestone publication of
HP’s 20th annual Sustainable Impact Report that highlights the
progress the company is making across its core pillars of Climate
Action, Human Rights and Digital Equity. It follows recent actions
the company has taken to accelerate progress, including some of the
industry’s most comprehensive climate action goals, as well as
aggressive steps to drive diversity, equity and inclusion and
respect human rights across its ecosystem. “Our Sustainable Impact
strategy is helping to strengthen our communities while spurring
innovation and growth across our business. Creating technology that
inspires progress has always been one of HP’s greatest strengths,
and we continue to hold ourselves accountable for achieving the
goals we have set,” said Enrique Lores, President and CEO, HP
Inc.
“As digital technology transforms seemingly every aspect of our
lives, there’s a real danger of more and more people getting left
behind. We cannot allow that to happen, and HP will work to break
down the digital divide that prevents too many from accessing the
education, jobs, and healthcare they need to thrive,” Lores
continued.
Accelerating Digital Equity
The COVID-19 pandemic didn't create the digital divide, but it
has certainly exacerbated it. During COVID-19, one-third of
the world’s school-age children, or 463 million students, could not
access remote learning. Beyond education, the digital divide can
stand in the way of accessing modern healthcare and competitive job
opportunities as digital transformation continues to accelerate.
There’s also a cost to digital equity: the U.S. alone loses more
than $130 million a day in economic activity when people aren’t
online.
HP believes digital equity is a human right and has invested in
HP LIFE, a free IT and business skills training program offered by
the HP Foundation, and supports and partners with organizations
including Girl Rising, MIT Solve and NABU to tackle this
challenge.
Building on these efforts, HP commits to develop, launch, and
manage a digital equity accelerator that seeks to support the
digital equity of disenfranchised communities by activating
innovative solutions and services for 150 million people by
2030.
HP believes true digital equity requires four key elements:
hardware (e.g., laptop or printer); connectivity (e.g., access to
the Internet); quality, relevant content (e.g., learning
materials); and digital literacy, (e.g., skills to use the
technology). HP’s work will focus on four specific communities that
are most likely to experience the digital divide:
- Women and girls;
- People with disabilities (including aging populations);
- Communities of color/marginalized groups;
- Educators and practitioners - to address their respective
digital inclusion constraints and opportunities.
This focus will contribute to the United Nations Sustainable
Development Goals and help bridge needs with resources and holistic
solutions—in particular, healthcare, education, and economic
opportunity.
Introducing HP PATH (Partnership and Technology for
Humanity)
HP’s Partnership and Technology for Humanity accelerator will
pave the way for digital equity in underserved communities around
the world, through partnerships, activation, innovation,
collaborations, and direct communication with local leaders.
PATH’s initial phase will be centered on convening conversations
to engage, listen and learn from communities around the world to
better understand the root-cause issues and what resources and
support are needed to create change together. From there, it will
influence HP’s product innovation, partnerships, and acceleration
of solutions that will drive impact. As part of this flagship
accelerator, HP will also activate a fund that offers bundled,
custom solutions. HP will continue to develop transformative
innovation in HP products and services that accelerate digital
equity while focusing on the company’s goal to drive better
learning outcomes for 100 million people by 2025.2020
Sustainable Impact Report
HP Sustainable Impact is integral to helping the company become
the world’s most sustainable and just technology company. This work
is essential for the sustainability of the planet and society, and
it is an increasingly important driver of customer purchasing
decisions, helping win more than $1 billion in sales in 2020—for
the second consecutive year.
HP has remained steadfast in its commitment to accountability
and transparency since the company published its first
environmental and social impact report in 2001. In this year’s
report, HP outlined the progress made in 2020 as well as
improvements still needed – below are highlights and the full
report executive summary can be found here.
Climate Action:
- Achieved reductions in HP’s global carbon footprint (4%) and
product use GHG emissions intensity (33%), increased recycled
plastic across the portfolio (to 11%) and decreased single-use
plastic packaging (19%).
- Maintained 100% zero deforestation for HP paper and more than
99% zero deforestation for paper-based product packaging.
- Launched the world’s most sustainable PC portfolio, the
planet’s most comprehensive carbon neutral Managed Print Service
offering, and more than 50 products made in part with ocean-bound
plastic including the HP Elite, Pro, Z, Chromebook Enterprise, and
Pavilion—the world’s first consumer notebook to include ocean-bound
plastic.
Human Rights:
- Established a Racial Equality and Social Justice Task Force to
set comprehensive goals to confront systemic racism and inequality;
hosted a series of town halls to explore new thinking, encourage
understanding, conversation, and advocacy.
- Last year, HP pledged to double the number of Black and African
American executives inside the company by 2025 and is seeing
progress, including a 50% increase in the
composition of Black and African American executives thus far.
- A steady increase of female leaders (32% in 2020; 31% in 2019
and 2018) and women in global functions (57% in 2020; 55% in 2019
and 2018); for the second year in a row, over 60% of U.S. new hires
were from underrepresented groups, including women, U.S.
ethnicities, people with disabilities and military veterans.
Digital Equity/COVID-19 Community Relief:
- Drove focused initiatives to support hybrid learning and
advance digital equity amid the global school shutdown, and moved
halfway toward the company’s goal of enabling better learning
outcomes for 100 million people by 2025—including seeing a 210%
increase in enrollments in HP LIFE.
- Provided relief and support for those affected by COVID-19,
including mobilizing our 3D printing network to develop and deliver
more than 4 million critical supplies to healthcare workers,
donating more than $13 million in products through HP’s community
giving program, and providing $3 million in grants from the HP
Foundation.
Inaugural Sustainable Bond Framework
This week HP also announced the release of its Sustainable Bond
Framework to help inform and guide investments in projects that it
believes will help meet its goals and achieve a more sustainable
and just future. In addition, it announced the pricing of $1
billion of its inaugural sustainability notes. As part of the $2
billion overall debt offering, these bonds are designed to empower
investors to join HP in tackling important economic, social and
sustainability issues. More information can be found here.
HP recognizes meeting ambitious 2030 goals will require support
from employees, suppliers, vendors and partners. That’s why HP
mobilized an expansive network to extend its Sustainable Impact
strategy, empowering HP’s employees to set their own Sustainable
Impact goals, and established a first-of-its-kind HP Amplify
Impact™ partner program that enables partners to drive meaningful
change across the global IT industry.
Learn moreVisit the following links for more
details:
- Diversity, Equity and Inclusion Website
- Racial Equality and Social Justice Task Force Website
- Sustainable Impact Website
- Sustainable Impact report (link to downloadable PDF)
- Sustainable Impact Executive Summary
- Human Rights Progress Report
About HP HP Inc. creates technology that makes
life better for everyone, everywhere. Through our product and
service 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@hp.com
©Copyright 2021 HP Development Company, L.P. The information
contained herein is subject to change without notice. The only
warranties for HP products and services are set forth in the
express warranty statements accompanying such products and
services. Nothing herein should be construed as constituting an
additional warranty. HP shall not be liable for technical or
editorial errors or omissions contained herein.
1 In 2020, for the second consecutive year, we tracked more than
$1 billion in sales wins (total contract value) in which
sustainability criteria were a known consideration and were
supported actively by HP’s Sustainability and Compliance
organization.
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