HP Inc.

Climate change is one of the most significant and urgent issues facing business and society today. At HP, we see the need to act not only as our responsibility, but vital to the longevity of our business.

We strive to reduce the climate impact of our operations, supply chain, and through our products and solutions and those of our customers. We lead the IT industry in publishing complete carbon and water footprints, which help us understand our business impacts on the climate. We continue to assess and report out on our progress across our entire value chain on an annual basis. The insights we gain through this process enable us to prioritize efforts to continually improve our performance and track our progress.

Operations

We believe that our efforts to reduce energy use and lower GHG emissions within our operations are critical to our long-term business sustainability and enables us to meet our customers’ expectations and needs.

Notable goals and achievements include:
• We set a goal to reduce Scope 1 and Scope 2 GHG emissions from our global operations by 25% by 2025, compared to 2015. In 2017, we reached this goal, producing 35% less emissions.

• We signed on to the RE100 global initiative with a commitment to use 100% renewable electricity in our global operations, with an interim goal of 40% by 2020. In 2017, we exceeded our initial goal by using 50% renewable electricity in our global operations.

• We were one of the first 65 companies to have our GHG emission reduction targets for our operations and supply chain approved by the Science Based Targets Initiative.

• Global electricity use in our operations decreased by 2% compared to 2016, despite a rise in electricity consumption at manufacturing sites related to increased production.

Supply chain

Sustainability drives our efforts across our supply chain—ensuring we operate in an ethical, efficient, and resilient way. Throughout our supply chain, we implement industry-leading practices that help reduce our social and environmental impacts globally while benefiting our business and customers.

Notable goals and achievements include:
• We committed to reduce first-tier production supplier-related and product transportation-related GHG emissions intensity by 10% by 2025, compared to 2015.

• We set a goal to help suppliers cut 2 million tonnes of carbon dioxide equivalent (CO2e) emissions between 2010 and 2025. Through 2017, suppliers avoided 1.05 million tonnes of CO2e emissions.

• HP joined the Smart Freight Centre-led Global Logistics Emissions Council (GLEC) to develop the Global Logistics Emissions Framework, which standardizes the global emission calculations for the transportation industry and incorporates fuel usage. The GLEC framework is accepted by the World Resources Institute GHG Protocol and by CDP as a method for CO2 calculations.

• HP works with a number of organizations to reduce GHG emissions across its global supply chain, including Clean Cargo Working Group, Green Freight Asia, the International Air Transport Association, the United Nations Climate & Clean Air Coalition, and the U.S. Environmental Protection Agency’s SmartWay.

Products and solutions

HP is reinventing the way that products are designed, manufactured, used, and recovered as we shift our business model and operations toward a circular, low-carbon economy. Working with our supply chain partners, we are reducing the environmental impact of our products at every stage of the value chain.

Notable goals and achievements include:
• We set a goal to reduce the GHG emissions intensity of our product portfolio by 25% by 2020, compared to 2010. We reached that goal by the end of 2017, achieving a 33% decrease.

• We committed to achieving zero deforestation associated with HP brand paper and paper-based product packaging by 2020. We achieved that goal for HP brand paper in 2016 and developed a packaging supplier performance plan to drive progress in that area.

• Since 2010, on average we have reduced the energy consumption of our personal systems portfolio by 43%, our HP LaserJet portfolio by 56%, and our HP inkjet portfolio by 20%.

• We were named a 2018 ENERGY STAR Partner of the Year winner in the Product Brand Owner category for our commitment to improving the availability of energy-efficient products in the marketplace.

Commitment to lasting change

HP supports the Paris Climate Agreement as originally adopted by consensus in December 2015, participation in the United Nations Framework Convention on Climate Change, and other global efforts to address climate change. In the lead-up to COP21, we signed on to the following public statements and initiatives supporting strong climate action and outcomes: White House-led American Business Act on Climate Pledge, Business Backs Low-Carbon USA, Center for Climate and Energy Solutions Business Statement Applauding The Paris Climate Agreement, and We Mean Business.

In June 2017, HP signed the “We are Still In” open letter to the international communities and parties to the Paris Agreement committing to remain actively engaged as part of the global effort to hold warming to below 2 degrees Celsius, and to accelerate the transition to a clean energy economy.