Environment

HP Announces Goal to Reduce Greenhouse Gas Emissions of Product Portfolio

Sep 26, 2014 5:10 PM ET
Campaign: Environmental Progress: Making the environment stronger as we grow

HP Next

This year’s Climate Week events in New York City served as the perfect backdrop for several announcements HP made regarding steps it is taking to reduce carbon emissions and mitigate the business risks of climate change.

As part of ongoing efforts to lower its carbon footprint across all phases of its business, HP announced a goal to reduce the emissions intensity of its product portfolio(1) by 40 percent by 2020 compared to 2010 levels.(2)

With this announcement, HP becomes the only global IT company to have set carbon reduction goals for all three parts of its value chain—operations, supply chain, and product portfolio. Previously stated goals focused on:

  • Operations—HP plans to reduce total greenhouse gas (GHG) emissions from its operations (Scope 1 and Scope 2) by 20 percent by 2020, compared to 2010 levels. This built on HP’s previous goal of a 20 percent carbon reduction, which the company achieved in 2011—two years early.
  • Supply Chain—Last year, HP set a goal, the first for the IT industry, to drive a 20 percent decrease in first-tier manufacturing and product transportation-related GHG emissions intensity(3) by 2020, compared with 2010.

In several speeches held during Climate Week, including the opening session, Gabi Zedlmayer, vice president and chief progress officer, Corporate Affairs, HP, spoke about the ways that HP is helping create a low-carbon economy.

“As one of the world’s largest IT companies, we believe we are uniquely positioned to help our company and our customers lower carbon emissions by developing more sustainable technologies that replace outdated, inefficient processes and behaviors,” said Zedlmayer. “With this new emissions goal, we are once again demonstrating our commitment to building a low-carbon economy that creates a better future and a healthier world for generations to come.”

HP recognized as sustainability leader

HP’s sustainability efforts have not gone unnoticed—with HP being recognized on the Dow Jones Sustainability Index and in the CDP S&P 500 Climate Change Report 2014, which was released during Climate Week.

Once again HP was named to the Dow Jones Sustainability Index (DJSI) World Index, which ranks the top 10 percent of the 2,500 largest companies on the Dow Jones Global Total Stock Market Index. In addition, HP was included on the DJSI North America Index, which represents the top 20 percent of the 600 largest U.S. and Canadian companies on the Dow Jones Global Total Stock Market Index. HP was also named one of six companies listed as a leader in the “Computer & Peripheral and Office Electronics” industry.

In the CDP S&P 500 Climate Change Report 2014, which included a foreword from HP CEO Meg Whitman, HP received the highest possible disclosure score, 100 out of 100 points. This resulted in HP’s placement on the Climate Disclosure Leadership Index, which spotlights companies that have demonstrated the highest level of transparency and data quality in their disclosure of climate-related information.

In addition, HP was one of 34 S&P 500 companies featured on the CDP Climate Performance Leadership Index, which highlights companies that have demonstrated a commitment to managing climate change by integrating it into their business strategy and taking actionable steps to mitigate climate-related risk. HP was placed in the highest performance band of “A” for its climate performance assessment.

More information about HP’s carbon reduction goals and other sustainability efforts are available on the HP Living Progress website.

 

(1) Emissions intensity of the HP product portfolio refers to tonnes CO2e/net revenue arising from use of high-volume product lines, including notebooks, tablets, desktops, mobile computing devices and workstations; inkjet and LaserJet printers; and HP servers, including industry-standard servers, HP Moonshot and HP Apollo.

(2) Expressed as emissions generated per unit of output. The unit of output was determined per product line as follows: printer output represents carbon emissions from printing one A4 image; each personal system represents one unit of output; for servers, each unit of output equals a task performed by the system, as defined by industry standards.

(3) HP calculates emissions intensity as its suppliers’ GHG emissions divided by HP’s annual revenue. This method normalizes performance based on business productivity.