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“Climate change is a defining challenge of our generation that demands immediate action and investment,” said Enrique Lores, HP Inc. President and CEO. “Now is a time for bold moves and ambitious goals that will protect our planet and create new sources of innovation and growth across the global economy. By driving toward net-zero carbon emissions across our entire value chain by 2040, product circularity and a forest positive framework, we will accelerate our progress and advance HP’s aspiration to become the world’s most sustainable and just technology company.”

The Case for Business Transformation

To achieve its goals, HP is focused on accelerating five strategic drivers intended to decouple growth from carbon emissions and resource consumption, drive innovation, and transform design and business models:

• Print and Compute-as-a-Service: Print supplies renewal, hardware-as-a-service, certified pre-owned, hardware
• Sustainable materials: Increase use of renewable and recycled materials
• Supply chain decarbonization: Drive and support supplier carbon reduction, use of renewable electricity, and adoption of surface transportation and alternative fuels and electric vehicles for product shipments
• Energy efficiency: Design in existing and new energy-efficient product technologies
• Forest investments: Address the fiber used in printing and packaging by investing in forest restoration and protection, and continue to source certified or recycled materials

Carbon emissions and circularity

To achieve these targets, HP will be carbon neutral in its operations by 2025 and reduce Scope 1, 2, and 3 greenhouse gas (GHG) emissions by 50% on an absolute basis by 2030, compared to 2019.6 HP commits to 75% of its total annual product and packaging content (by weight) to come from recycled and renewable materials and reused products and parts by 2030. These actions will help to position HP to reach net zero emissions across its value chain by 2040. In line with HP’s circularity ambitions, HP Operations will be zero waste in its managed facilities by 2025.7 HP's Customer Support organization will also be carbon neutral across both HP and partner-run operations by 2030.

HP will pursue and accelerate a range of steps, including enabling a circular economy by using more sustainable materials, such as recycled plastics and metals, and investing in forest restoration and protection.8 Since 1991, HP has kept more than 875 million HP cartridges, 114 million apparel hangers, and 4.69 billion postconsumer plastic bottles out of landfills—instead, upcycling them to make new HP products. After introducing the world’s most sustainable PC portfolio, HP continues to innovate throughout its product portfolio and work with key partners to achieve circularity. HP is a member of NextWave Plastics, collaborating across industries to create the first global network of ocean-bound plastic supply chains. HP is also a member of the Ellen MacArthur Foundation’s Network and the Circulytics measurement tool.

HP was the first global IT company to publish its full carbon footprint and set carbon emissions reduction goals for its operations, supply chain, products and solutions. HP was among the first 10% of companies with GHG emissions reduction goals approved by the Science Based Targets Initiative, including a 1.5°C aligned goal to reduce its Scope 1 and 2 emissions 60% by 2025 compared to 2015. For two consecutive years, HP is the only technology company to have been named to CDP’s A lists for climate, forests, and water, as well as CDP’s supplier engagement leaderboard. HP has been a member of RE 100 since 2016 and EV 100 since 2017.

Reducing Carbon in HP Supplies

HP will transform its print business from a transactional model to a services model, while actively reducing the carbon footprint of its company and its products. To accelerate a transition to a net zero value chain, HP commits to carbon neutrality for its supplies business by 2030.

HP will start transitioning supplies to be carbon neutral by launching the HP Instant Ink with Planet Partners pilot, leveraging recycling and new renewal capabilities to extend the life of Original HP Supplies. This pilot will help customers decrease virgin plastic used, and diminish waste, including ocean-bound plastics, on the pathway to circularity. Launching in Germany in May 2021, HP Instant Ink with Planet Partners will allow HP Instant Ink subscribers to opt-in to receive renewed cartridges. The end-to-end use of HP technology and engineering is what makes this pilot unique. The consistent reliability and outstanding print quality of Original HP Supplies mean fewer reprints and less waste.