HP Sets Industry-leading Recycled Content Target, Drives Progress to Create Lasting Sustainable Impact
June 26, 2019 - Sustainable Impact is at the heart of HP’s reinvention journey, fueling the company’s innovation and growth, strengthening HP’s business for the long-term, and enabling the company to develop and deliver the best solutions for its customers.
HP’s 2018 Sustainable Impact Report details progress toward the company’s commitment to create positive, lasting change for the planet, its people, and our communities. This includes setting an industry-leading goal to increase recycled content plastics across its print and personal systems portfolio to 30% by 20251, continuing the company’s long legacy of leadership in this area. Sustainable Impact programs drove more than $972 million dollars of new revenue for HP in 2018, a 35% year-over-year increase.
Among the progress and commitments announced in the 2018 Sustainable Impact Report:
- Sources over 700,000 pounds of ocean-bound plastic materials—or more than 25 million bottles—and upcycles into HP cartridges and hardware.
- Sets timeline to power its global operations with 100% renewable electricity by 2035; achieved 100% renewable electricity in the United States
- Increases new hires from under-represented groups to 59% in the U.S in 2018
- Reaches 21 million students and adult learners through quality education programs and partnerships since 2015, toward its goal to enable better learning outcomes for 100 million people by 2025
“Companies have critically important roles to play in solving societal challenges, and we continue to reinvent HP to meet the needs of our changing world,” said Dion Weisler, President & Chief Executive Officer, HP Inc. “This isn’t a ‘nice to do’, it’s a business imperative. Brands that lead with purpose and stand for more than the products they sell will create the most value for customers, shareholders, and society as a whole. Together with our partners, we will build on our progress and find innovative new ways to turn the challenges of today into the opportunities of tomorrow.”
Learn more about HP’s goals, progress, and vision for the future as the company continues to shift its business model and operations to advance a more circular, low-carbon, and inclusive economy at http://www.hp.com/sustainableimpact.
Media Contact: Tom Suiter
Link to download the report:
1 Recycled content plastic (RCP) as a percentage of total plastic used in all HP personal systems and printer hardware and print cartridges shipped during the reporting year. Total volume excludes brand-licensed products and after-market hardware accessories. Total RCP includes postconsumer recycled plastic, closed-loop plastic, and ocean-bound plastic used in HP products. Personal systems plastic is defined by EPEAT® eco-label criteria. Subject to relevant restrictions on the use and distribution of materials destined for recycling and/or recycled feedstocks.