HP wants to achieve zero carbon emissions across entire value chain by 2040. The company will leverage the as-a-service model, sustainable materials, energy-efficient products, decarbonization of its supply chain, and forestry investments.
“The fight against the climate crisis is an unprecedented challenge that requires urgent action from both the public and private sectors. We all share an interest in safeguarding our planet and achieving a sustainable impact on the communities in which we are present, and this must be a priority for all companies.”
These are the words of Enrique Lores, president, and CEO of HP, which has just revised its objectives to achieve carbon neutrality, both in its operations and in those of the rest of the value chain, and to create more sustainable solutions.
For Lores, this “is not only the right thing to do but also represents an increasingly important driver of innovation and growth that will strengthen our business in the future”.
HP wants to be carbon neutral from its operations as early as 2025. In that year, operations linked to the technology giant should produce zero waste at their managed facilities.
Five years later, in 2030, it will have lowered Scope 1, 2, and 3 greenhouse gas emissions by 50 % compared to 2019 and 75 % of the annual content of its products and packaging will come from recycled, renewable, or reused materials. HP has also set 2030 as the time when the customer support organization will be neutral, including operations managed by its partners.
Just ten years later, in 2040, HP should have achieved net-zero carbon emissions across its entire value chain.
To achieve this, it will work on five axes, namely printing and personal systems as a service, the aforementioned increase in sustainable materials, decarbonization of the supply chain, energy-efficient product design, and forestry investments.
By 2020 HP could already boast zero deforestation for 99% of its branded paper and packaging. Now, it will increase its investments in forest protection to also reduce the impact of non-HP paper used in its products and services.