World

HP Inc. Broadcasts Formidable Local weather Motion Targets

Outlines Broad Plans to Fight Local weather Change Centered on Carbon Emissions, Circularity and Forests

Introduces Local weather Partnerships to Lengthen Influence Starting from Ocean Conservation to Forest Restoration

Targets

  • Obtain internet zero greenhouse gasoline (GHG) emissions throughout HP worth chain by 2040, starting with Provides enterprise attaining carbon neutrality by 2030

  • Scale back HP worth chain GHG emissions 50% by 20301

  • Attain carbon neutrality and nil waste in HP operations by 20252

  • Attain 75% circularity for merchandise and packaging by 20303

  • Preserve zero deforestation for HP paper and paper-based packaging4

  • Counteract deforestation for non-HP paper utilized in our merchandise and print providers by 20305

New Partnerships

  • Expands HP Sustainable Forests Collaborative

  • Sponsors Forest Stewardship Council’s Digital Market

  • Joins Ocean Conservancy’s Trash Free Seas Alliance® Steering Committee

PALO ALTO, Calif., April 20, 2021 (GLOBE NEWSWIRE) — At this time, upfront of Earth Day, HP Inc. (NYSE: HPQ) introduced among the most aggressive and complete local weather objectives within the know-how {industry}. The commitments spotlight the progress the corporate is making to drive a internet zero carbon, absolutely regenerative economic system, scale back its general environmental footprint, and strengthen its enterprise for the long run to create probably the most sustainable portfolio of merchandise and options within the {industry}.

The measures HP is driving, that construct on the power of its complete list of 2025 goals, are among the many most complete local weather actions within the know-how sector and align with related U.N. Sustainable Development Goals.

“Local weather change is a defining problem of our era that calls for speedy motion and funding,” mentioned Enrique Lores, HP Inc. President and CEO. “Now’s a time for daring strikes and impressive objectives that can defend our planet and create new sources of innovation and progress throughout the worldwide economic system. By driving towards net-zero carbon emissions throughout our total worth chain by 2040, product circularity and a forest optimistic framework, we are going to speed up our progress and advance HP’s aspiration to develop into the world’s most sustainable and simply know-how firm.”

A video accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/51f46d17-28b9-4298-a5fb-63a01b840704

The Case for Enterprise Transformation
To attain its objectives, HP is targeted on accelerating 5 strategic drivers meant to decouple progress from carbon emissions and useful resource consumption, drive innovation, and remodel design and enterprise fashions:

  • Print and Compute-as-a-Service: Print provides renewal, hardware-as-a-service, licensed pre-owned, {hardware}

  • Sustainable supplies: Improve use of renewable and recycled supplies

  • Provide chain decarbonization: Drive and assist provider carbon discount, use of renewable electrical energy, and adoption of floor transportation and various fuels and electrical autos for product shipments

  • Vitality effectivity: Design in current and new energy-efficient product applied sciences

  • Forest investments: Deal with the fiber utilized in printing and packaging by investing in forest restoration and safety, and proceed to supply licensed or recycled supplies

Carbon Emissions and Circularity
To attain these targets, HP shall be carbon impartial in its operations by 2025 and scale back Scope 1, 2, and three greenhouse gasoline (GHG) emissions by 50% on an absolute foundation by 2030, in comparison with 2019.6 Moreover, 75% HP’s complete annual product and packaging content material, by weight, will come from recycled, renewable and/or reused supplies, merchandise and elements by 2030.

HP commits to 75% of its complete annual product and packaging content material (by weight) to return from recycled and renewable supplies and reused merchandise and elements by 2030. These actions will assist to place HP to achieve internet zero emissions throughout its worth chain by 2040. According to HP’s circularity ambitions, HP Operations shall be zero waste in its managed services by 2025.7 HP’s Buyer Assist group can even be carbon impartial throughout each HP and partner-run operations by 2030.

HP will pursue and speed up a variety of steps, together with enabling a round economic system through the use of extra sustainable supplies, reminiscent of recycled plastics and metals, and investing in forest restoration and safety.8 Since 1991, HP has stored greater than 875 million HP cartridges, 114 million attire hangers, and 4.69 billion postconsumer plastic bottles out of landfills—as a substitute, upcycling them to make new HP merchandise. After introducing the world’s most sustainable PC portfolio, HP continues to innovate all through its product portfolio and work with key companions to attain circularity. HP is a member of NextWave Plastics, collaborating throughout industries to create the primary world community of ocean-bound plastic provide chains. HP can also be a member of the Ellen MacArthur Foundation’s Community and the Circulytics measurement tool.

HP was the primary world IT firm to publish its full carbon footprint and set carbon emissions discount objectives for its operations, provide chain, merchandise and options. HP was among the many first 10% of corporations with GHG emissions discount objectives permitted by the Science Based Targets Initiative, together with a 1.5°C aligned purpose to scale back its Scope 1 and a couple of emissions 60% by 2025 in comparison with 2015. For 2 consecutive years, HP is the one know-how firm to have been named to CDP’s A lists for climate, forests, and water, in addition to CDP’s provider engagement leaderboard. HP has been a member of RE 100 since 2016 and EV 100 since 2017.

Lowering Carbon in HP Provides
HP will remodel its print enterprise from a transactional mannequin to a providers mannequin, whereas actively lowering the carbon footprint of its firm and its merchandise. To speed up a transition to a internet zero worth chain, HP commits to carbon neutrality for its provides enterprise by 2030.

HP will begin transitioning provides to be carbon impartial by launching the HP Prompt Ink with Planet Companions pilot, leveraging recycling and new renewal capabilities to increase the lifetime of Authentic HP Provides. This pilot will assist prospects lower virgin plastic used, and diminish waste, together with ocean-bound plastics, on the pathway to circularity. Launching in Germany in Could 2021, HP Prompt Ink with Planet Companions will permit HP Prompt Ink subscribers to opt-in to obtain renewed cartridges. The tip-to-end use of HP know-how and engineering is what makes this pilot distinctive. The constant reliability and excellent print high quality of Authentic HP Provides imply fewer reprints and less waste.

Forest Safety and Restoration
HP can also be targeted on nature-based options with world companions together with World Wildlife Fund (WWF), Arbor Day Basis and thru its personal Sustainable Forests Collaborative. HP is without doubt one of the few corporations on the planet to attain a zero deforestation purpose for the sourcing of its paper and packaging. In 2020, HP has achieved zero deforestation for 99% of HP model paper and paper-based product packaging with the remaining 1% assessed to make sure reported fiber utilization meets HP’s Sustainable Paper and Wood Policy9. HP model paper has been deforestation-free since 2016. For paper-based product packaging, this represents the fruits of 5 years of labor to reinforce HP’s procurement processes and collaborate with greater than 100 suppliers to drive progress. HP has carried out a conformance assurance program to handle any corrective actions and preserve this efficiency sooner or later.

Now going past the corporate’s personal accountable sourcing of HP model papers, by 2030 HP will scale up funding in forest restoration, safety and different initiatives to counteract deforestation for non-HP paper utilized in HP merchandise and print providers. HP is the one know-how firm to set a purpose to handle deforestation that goes past its personal fiber sourcing to incorporate the usage of its services and products.10

To make sure the imaginative and prescient to make each web page printed with HP is sourced responsibly and contributes to restoration and safety of forests, HP created the Forest Constructive Framework11 which incorporates partnering with main NGOs and organizations to take motion past restoration and safety to incorporate growing science-based targets for forests, collaborating with the {industry}, and innovating extra environment friendly print applied sciences.

A Continued Dedication to Sustainable Influence and Local weather Collaboration
Efforts to make a sustainable influence on individuals, the planet and communities are built-in into HP’s enterprise technique and operations, and have develop into an more and more necessary driver of buyer buying choices. HP’s Sustainable Influence efforts helped drive greater than US$1 billion in gross sales wins in 2020 for the second yr in a row.

To additional its dedication to the restoration and safety of the world’s oceans and forests, HP additionally proclaims a collection of updates to its NGO partnerships.

The corporate has joined the Ocean Conservancy’s Trash Free Seas Alliance as a member of the Steering Committee for its latest Signature Initiative: ASPPIRe (Advancing Options to Plastic Air pollution via Inclusive Recycling). ASPPIRe goals to scale back plastic air pollution on the planet’s oceans, create a secure marketplace for low-value plastics in chosen geographies and enhance the supply of recycled content material. HP is the one know-how firm on the committee and is working alongside among the world’s largest manufacturers together with PepsiCo, Starbucks Espresso Firm, Dow, and Kimberly-Clark.

HP additionally proclaims new companions becoming a member of HP’s Sustainable Forests Collaborative, together with Andhra Paper Restricted, Crown Van Gelder, Felix Schoeller Group, Worldwide Paper Firm, Lenzing Papier, and Mondi Uncoated Positive Paper. Moreover, as the most important open-membership non-profit group for forests massive and small, Arbor Day Foundation is becoming a member of as an advisor to the Collaborative. Arbor Day’s mission is to encourage individuals to plant, nurture, and rejoice bushes. The cross-industry collaboration will exhibit scientific and viable approaches to conserving forest ecosystems wholesome. Collectively, HP and its {industry} companions search others to affix the motion of defending and restoring forests for future generations.

As well as, HP proclaims it’s the founding sponsor of the Forest Stewardship Council’s (FSC) “One Easy Motion” digital market (https://onesimpleaction.org/), that helps shoppers perceive why FSC issues, and merchandise they will purchase in the event that they wish to be a part of the answer for forests. FSC certification is probably the most rigorous commonplace obtainable within the market, making certain that vital forest ecosystems—and the wildlife and staff that rely upon them—are protected.

These new partnerships construct on HP’s current portfolio of NGO collaborations dedicated to defending pure assets, stopping biodiversity loss, and combating local weather change.

HP has garnered recognition with seven Good Inexperienced Design Awards for accountable design and manufacturing via the usage of sustainable supplies and finishes, together with ocean-bound plastics and water-borne finishes. For extra particulars, see here.

Be taught extra

Go to the next hyperlinks for extra particulars:

About HP
HP Inc. creates know-how that makes life higher for everybody, in every single place. By way of our product and repair portfolio of private methods, printers and 3D printing options, we engineer experiences that amaze. Extra details about HP Inc. is obtainable at http://www.hp.com.

Tom Suiter, HP
tom.suiter@hp.com

Vanessa Forbes, HP
vanessa.forbes@hp.com

www.hp.com/go/newsroom

1 Absolute discount of Scope 1, 2, and three GHG emission in comparison with 2019. Excludes non-HP paper consumed throughout product use.
2 Zero waste operations: eradicate non-hazardous waste to landfill in all HP direct operations by 2025. Consists of all HP owned and managed websites worldwide. Zero waste is outlined by the UL or TRUE certification commonplace.
3 Proportion of HP’s complete annual product and packaging content material, by weight, that can come from recycled and renewable supplies and reused merchandise and elements by 2030.
HP’s complete annual product and packaging content material, by weight, will come from recycled and renewable supplies and reused merchandise and elements by 2030.
4 HP model paper and paper-based product packaging are derived from licensed and recycled sources, with a desire for Forest Stewardship Council® (FSC®) certification. Packaging is the field that comes with the product and all paper (together with packaging and supplies) contained in the field.
5 Fiber by weight shall be 1) licensed to rigorous third-party requirements, 2) recycled or 3) balanced by forest restoration, safety, and different initiatives via HP’s Forest Constructive Framework. Paper doesn’t embody fiber-based substrates for HP industrial presses not listed in HP Media Options Locator catalogues.
6 Excludes non-HP paper consumed throughout product use as an oblique emissions supply in accordance with the GHG Protocol and out of doors HP’s personal worth chain.
7 Zero waste operations: eradicate non-hazardous waste to landfill in all HP direct operations by 2025. Consists of all HP owned and managed websites worldwide. Zero waste is outlined by the UL or TRUE certification commonplace.
8 Recycled plastic relies on the EPEAT definition and calculation methodology.
9 In 2020, 99% of HP model paper and paper-based product packaging had been derived from licensed or recycled sources. Packaging is outlined because the field that comes with the product and all paper-based supplies contained in the field.
10 Fiber by weight shall be 1) licensed to rigorous third-party requirements, 2) from recycled sources or 3) balanced by forest restoration, safety, and different initiatives via HP’s Forest Constructive Framework.
11 HP Forest Constructive Framework is a strategic basis for delivering on HP forest ambitions.

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