HP Inc. Reports Progress Toward Its 2030 Sustainable Impact Goals, Including Achieving a Significant Reduction in Single-Use Plastic Packaging

June 07, 2022 at 05:00 AM EDT

SOURCE: HP Inc.

DESCRIPTION:

Sustainable Impact is at the heart of HP’s business strategy and the company aims to be the world’s most sustainable and just technology company. In 2021, HP announced its most comprehensive and ambitious Sustainable Impact agenda yet. With the release of its 2021 Sustainable Impact Report and Executive Summary—marking HP’s 21st year of reporting—the company reports its first progress toward its 2030 goals spanning Climate Action, Human Rights and Digital Equity.

Here are some of the highlights:

Paving the Road to Net Zero: The company achieved a 9% absolute greenhouse gas emissions reduction across HP’s value chain since 2019, as HP aims to achieve net zero GHG emissions by 2040.^[1]
Eliminating Plastics: HP reduced single-use plastic packaging by 44%, since 2018, well over half the way toward achieving its goal to eliminate 75% of single-use plastic packaging by 2025^[2] and making progress toward its goal to reach 75% circularity for products and packaging by 2030.^[3]
Advancing Diversity, Equity, and Inclusion: HP increased the number of Black/African American executives^[4]by 33% over the previous year, which gets HP about one-third of the way to achieving its goal to double the number by 2025.
Empowering Workers in HP’s Supply Chain: In 2021, HP set a goal to reach one million workers through worker empowerment programs by 2030^[5]—and, by year’s end, HP was more than a third of the way there, reaching 349,000 workers through 2021.
Accelerating Digital Equity: HP accelerated digital equity^[6] for 4.3 million people in 2021, by providing hardware, skills training, and access to quality content in partnership with organizations like Girl Rising, NABU, and MIT Solve. This is the first year HP reported progress toward its goal to accelerate digital equity for 150 million people by 2030.

HP believes one thoughtful idea has the power to change the world. From its earliest days as a company, HP has been a place where innovation drives extraordinary contributions to humanity. The company reports that Sustainable Impact is an influencing factor in customer purchasing decisions. In fact, Sustainable Impact helped HP garner more than US$3.5B in new sales wins in fiscal year 2021^[7], and the company tracked over US$7 billion in new sales in which it met customer requirements for registered product eco-labels, including ENERGY STAR®, EPEAT®, and Blue Angel.

“There are areas where we are leading but also opportunities for us to do more. Our teams are operating with the deep sense of urgency needed to make continuous improvements, while forging partnerships to maximize our impact,” said Enrique Lores, President and CEO, HP.

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Media contact:
HP Inc. Media Relations
MediaRelations@hp.com

^{[1] As a percentage of U.S. personnel with the title of Executive, formerly called Vice President.}

[2] This replaces and expands on HP’s prior goal to develop skills and improve the wellbeing of 500,000 factory workers by 2025, since the beginning of 2015. Progress through 2021 against that goal includes a total of 349,000 factory workers: 77,800 factory workers in 2015; 45,700 in 2016; 119,900 in 2017; 12,000 in 2018; 11,000 in 2019; 46,000 in 2020; and 37,000 in 2021. Prior to 2020, data included production supplier workers only. In 2020, HP expanded the scope of its program to also include nonproduction supplier workers and workers at HP-controlled manufacturing facilities. Total does not equal sum of data for each year due to rounding.

[3] Our programs aim to accelerate digital equity through providing access to at least one of the following: hardware, connectivity, content, or digital literacy.

[4] In 2021, HP tracked over US$3.5 billion in new sales (total contract value) in which sustainability criteria were a known consideration and were supported actively by HP’s Sustainability and Compliance organization and Commercial organization.

[5] Absolute reduction of Scope 1, 2, and 3 GHG emissions compared to 2019. Excludes non-HP paper consumed during product use.

[6] Calculated as the percentage of primary plastic packaging (by weight) reduced per unit shipped. Excludes secondary and tertiary packaging components. Includes HP personal systems and printer hardware packaging. Does not include packaging for the following: Graphics Solutions hardware other than PageWide XL and DesignJet printers; 3D printing hardware; print supplies; refurbished products; and accessories such as third-party options, drop in box, and aftermarket options.

[7] 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.

Tweet me: .@HP reports progress toward its 2030 Sustainable Impact Goals, including achieving a significant reduction in single-use plastic packaging. Learn more and see the report here: https://bit.ly/3Nu12B4 via @ReportAlert #HPSIR

KEYWORDS: HP, ReportAlert, Sustainability