Today, in advance of Earth Day, HP Inc. (NYSE: HPQ) announced some
of the most aggressive and comprehensive climate goals in the
technology industry. The commitments highlight the progress the
company is making to drive a net zero carbon, fully regenerative
economy, reduce its overall environmental footprint, and strengthen
its business for the long term to create the most sustainable
portfolio of products and solutions in the industry.
The measures HP is driving, that build on the strength of its
complete list of 2025 goals, are among the most comprehensive
climate actions in the technology sector and align with relevant
U.N. Sustainable Development Goals.
“Climate change is a defining challenge of our generation that
demands immediate action and investment,” said Enrique Lores, HP
Inc. President and CEO. “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,
product circularity and a forest positive framework, we will
accelerate our progress and advance HP’s aspiration to become the
world’s most sustainable and just technology company.”
A video accompanying this announcement is available
at https://www.globenewswire.com/NewsRoom/AttachmentNg/51f46d17-28b9-4298-a5fb-63a01b840704
The Case for Business TransformationTo 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
Carbon Emissions and CircularityTo 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 2019.6 Additionally, 75%
HP’s total annual product and packaging content, by weight, will
come from recycled, renewable and/or reused materials, products and
parts by 2030.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 2025.7
HP's Customer Support organization will also be carbon neutral
across both HP and partner-run operations by 2030.HP will pursue
and accelerate a range of steps, including enabling a circular
economy by using more sustainable materials, such as recycled
plastics and metals, and investing in forest restoration and
protection.8 Since 1991, HP has kept more than 875 million HP
cartridges, 114 million apparel hangers, and 4.69 billion
postconsumer plastic bottles out of landfills—instead, upcycling
them to make new HP products. After introducing the world’s most
sustainable PC portfolio, HP continues to innovate throughout its
product portfolio and work with key partners to achieve
circularity. HP is a member of NextWave Plastics, collaborating
across industries to create the first global network of ocean-bound
plastic supply chains. HP is also a member of the Ellen MacArthur
Foundation’s Network and the Circulytics measurement tool.HP was
the first global IT company to publish its full carbon footprint
and set carbon emissions reduction goals for its operations, supply
chain, products and solutions. 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.Reducing
Carbon in HP Supplies 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. HP will start
transitioning supplies to be carbon neutral by launching the HP
Instant Ink with Planet Partners pilot, leveraging recycling and
new renewal capabilities to extend the life of Original HP
Supplies. This pilot will help customers decrease virgin plastic
used, and diminish waste, including ocean-bound plastics, on the
pathway to circularity. Launching in Germany in May 2021, HP
Instant Ink with Planet Partners will allow HP Instant Ink
subscribers to opt-in to receive renewed cartridges. The end-to-end
use of HP technology and engineering is what makes this pilot
unique. The consistent reliability and outstanding print quality of
Original HP Supplies mean fewer reprints and less waste.
Forest Protection and Restoration HP is also
focused on nature-based solutions with global partners including
World Wildlife Fund (WWF), Arbor Day Foundation and through its own
Sustainable Forests Collaborative. HP is one of the few companies
in the world to achieve a zero deforestation goal for the sourcing
of its paper and packaging. In 2020, HP has achieved zero
deforestation for 99% of HP brand paper and paper-based product
packaging with the remaining 1% assessed to ensure reported fiber
usage meets HP’s Sustainable Paper and Wood Policy9. HP brand paper
has been deforestation-free since 2016. For paper-based product
packaging, this represents the culmination of five years of work to
enhance HP’s procurement processes and collaborate with more than
100 suppliers to drive progress. HP has implemented a conformance
assurance program to manage any corrective actions and maintain
this performance in the future. Now going beyond the company’s own
responsible sourcing of HP brand papers, by 2030 HP will scale up
investment in forest restoration, protection and other initiatives
to counteract deforestation for non-HP paper used in HP products
and print services. HP is the only technology company to set a goal
to address deforestation that goes beyond its own fiber sourcing to
include the use of its products and services.10 To
ensure the vision to make every page printed with HP is sourced
responsibly and contributes to restoration and protection of
forests, HP created the Forest Positive Framework11 which includes
partnering with leading NGOs and organizations to take action
beyond restoration and protection to include developing
science-based targets for forests, collaborating with the industry,
and innovating more efficient print technologies. A
Continued Commitment to Sustainable Impact and Climate
Collaboration Efforts to make a sustainable impact on
people, the planet and communities are integrated into HP’s
business strategy and operations, and have become an increasingly
important driver of customer purchasing decisions. HP’s Sustainable
Impact efforts helped drive more than US$1 billion in sales wins in
2020 for the second year in a row.To further its commitment to the
restoration and protection of the world’s oceans and forests, HP
also announces a series of updates to its NGO partnerships. The
company has joined the Ocean Conservancy’s Trash Free Seas
Alliance as a member of the Steering Committee for its newest
Signature Initiative: ASPPIRe (Advancing Solutions to Plastic
Pollution through Inclusive Recycling). ASPPIRe aims to reduce
plastic pollution in the world’s oceans, create a stable market for
low-value plastics in selected geographies and increase the
availability of recycled content. HP is the only technology
company on the committee and is working alongside some of
the world’s largest brands including PepsiCo, Starbucks Coffee
Company, Dow, and Kimberly-Clark. HP also announces new partners
joining HP’s Sustainable Forests Collaborative, including Andhra
Paper Limited, Crown Van Gelder, Felix Schoeller Group,
International Paper Company, Lenzing Papier, and Mondi Uncoated
Fine Paper. Additionally, as the largest open-membership non-profit
organization for forests big and small, Arbor Day Foundation is
joining as an advisor to the Collaborative. Arbor Day’s mission is
to inspire people to plant, nurture, and celebrate trees. The
cross-industry collaboration will demonstrate scientific and viable
approaches to keeping forest ecosystems healthy. Together, HP and
its industry partners seek others to join the movement of
protecting and restoring forests for future generations.In
addition, HP announces it is the founding sponsor of the Forest
Stewardship Council’s (FSC) “One Simple Action” digital marketplace
(https://onesimpleaction.org/), that helps consumers understand why
FSC matters, and products they can buy if they want to be part of
the solution for forests. FSC certification is the most rigorous
standard available in the marketplace, ensuring that critical
forest ecosystems—and the wildlife and workers that depend upon
them—are protected.
These new partnerships build on HP’s existing portfolio of NGO
collaborations committed to protecting natural resources,
preventing biodiversity loss, and combating climate change.
HP has garnered recognition with seven Good Green Design Awards
for responsible design and manufacturing through the use of
sustainable materials and finishes, including ocean-bound plastics
and water-borne finishes. For more details, see here.
Learn more
Visit the following links for more details:
- Sustainable Impact
Website
- Sustainable Impact report (link to
downloadable PDF)
- Sustainable Impact Executive
Summary
- FSC Digital Marketplace
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.
Tom Suiter, HPtom.suiter@hp.com
Vanessa Forbes,
HPvanessa.forbes@hp.comwww.hp.com/go/newsroom
1 Absolute reduction of Scope 1, 2, and 3 GHG emission compared
to 2019. Excludes non-HP paper consumed during product use.2 Zero
waste operations: eliminate non-hazardous waste to landfill in all
HP direct operations by 2025. Includes all HP owned and managed
sites worldwide. Zero waste is defined by the UL or TRUE
certification standard.3 Percentage of HP’s total annual product
and packaging content, by weight, that will come from recycled and
renewable materials and reused products and parts by 2030.HP’s
total annual product and packaging content, by weight, will come
from recycled and renewable materials and reused products and parts
by 2030.4 HP brand paper and paper-based product packaging are
derived from certified and recycled sources, with a preference for
Forest Stewardship Council® (FSC®) certification. Packaging is the
box that comes with the product and all paper (including packaging
and materials) inside the box.5 Fiber by weight will be 1)
certified to rigorous third-party standards, 2) recycled or 3)
balanced by forest restoration, protection, and other initiatives
through HP’s Forest Positive Framework. Paper does not include
fiber-based substrates for HP industrial presses not listed in HP
Media Solutions Locator catalogues.6 Excludes non-HP paper consumed
during product use as an indirect emissions source in accordance
with the GHG Protocol and outside HP’s own value chain.7 Zero waste
operations: eliminate non-hazardous waste to landfill in all HP
direct operations by 2025. Includes all HP owned and managed sites
worldwide. Zero waste is defined by the UL or TRUE certification
standard.8 Recycled plastic is based on the EPEAT definition and
calculation methodology. 9 In 2020, 99% of HP brand paper and
paper-based product packaging were derived from certified or
recycled sources. Packaging is defined as the box that comes
with the product and all paper-based materials inside the box.10
Fiber by weight will be 1) certified to rigorous third-party
standards, 2) from recycled sources or 3) balanced by forest
restoration, protection, and other initiatives through HP’s Forest
Positive Framework.11 HP Forest Positive Framework is a strategic
foundation for delivering on HP forest ambitions.
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