Hewlett Packard (HP) has long been recognized as a leader in innovation and technology. But in recent years, the company has also made significant strides in environmental sustainability. In its recently published 2022 Sustainable Impact Report, HP reaffirmed its commitment to becoming a more sustainable and just company, recognizing the importance of addressing environmental, social, and corporate governance (ESG) issues.
A Holistic Approach to Sustainability
For HP, sustainability is not just a separate initiative but an integral part of how the company operates. It influences every aspect of the business, from product design and manufacturing to distribution and investments in human potential. The company understands that a sustainable approach is not only the right thing to do for the planet but also for its bottom line.
Corporate Knights, a leading sustainability-focused media and research company, recognized that over 60% of HP's revenue met their standard for sustainable revenue in 202This indicates a growing preference among customers for products and services that reduce environmental impact and help them achieve their sustainability goals.
Addressing Climate Change
HP is acutely aware of the urgent need to address climate change. While the company has set an aspirational goal of achieving net-zero emissions by 2040, it recognizes the pressing urgency of the climate crisis and has committed to slashing its absolute value chain emissions by 50% by 2030. This ambitious target demonstrates HP's determination to take immediate and impactful action to combat climate change.
Furthermore, HP is committed to circularity, aiming to source 75% of its products and packaging from circular resources by 2030. The company's tireless efforts in recycling have already yielded remarkable results, with over 1 billion cartridges recovered and more than 90% of the raw materials within these inkjet cartridges reclaimed. These materials are then reused in new cartridges or provided to other industries for the creation of innovative products.
Former ceo of hewlett packard: carly fiorina's legacyCombatting Deforestation
HP recognizes the importance of combating deforestation and takes comprehensive measures to ensure responsible sourcing of paper. The company's own HP paper is already responsibly sourced and third-party certified at 100%. Additionally, HP strives to counteract deforestation caused by paper utilized by their customers in HP printers. By 2030, HP aims to become forest positive, contributing to the preservation and regeneration of forests through its paper actions.
Empowering People and Bridging the Digital Divide
HP believes that empowering people and protecting the planet go hand in hand. The company is committed to helping people achieve their full potential and safeguarding human rights across its supply chain. HP actively works to bridge the digital divide by increasing access to technology and creating training programs, curriculum, and partnerships that empower underserved communities. So far, the company has enabled digital equity for 21 million people and aims to reach 150 million by 2030.
HP's commitment to people and the planet is not only driven by ethical principles but also by the recognition that sustainability is a strategic approach that benefits businesses and the broader ecosystem. A recent global research study conducted by HP among parents in different countries found that sustainability significantly influences their product choices and support for companies. This underscores the importance of investing in sustainable practices for businesses to cultivate lifelong customers.
Hewlett Packard is leading the way in environmental sustainability. With a holistic approach to sustainability, the company is addressing climate change, combatting deforestation, empowering people, and bridging the digital divide. HP's commitment to becoming a more sustainable and just company is not only the right thing to do for the planet but also for its bottom line. As customers increasingly prioritize sustainability, HP's efforts will help the company thrive in an ever-evolving and dynamic world.
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