HPE Sustainable Technologies and Climate Strategy Lead World Rankings
We are already seeing the impacts of climate change cascade through our economy, disrupting operations and supply chains - but also offering opportunities for sustainable innovation. And investors are increasingly taking note.
Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment. In 2018, companies were requested to do so by over 650 investors with over US$87 trillion in assets, and/or 115 major purchasing organizations with US$3.3 trillion in purchasing power.
We're proud to say HPE has again secured a position on the prestigious CDP Climate A List for our efforts to cut emissions, mitigate climate risks, and capture the opportunity of developing the low-carbon economy. This recognizes HPE among the top 2% of more than 7,000 companies worldwide that filed reports in 2018.
There is compelling evidence that those companies that boast the strongest environmental performance also tend to perform well financially. According CDP, the STOXX Global Climate Change Leaders Index - which is based on the CDP A List - outperformed the STOXX Global 1800 of major firms by 5.4% per annum from December 2011 to July 2018".1 Companies committed to a low-carbon future are seeing benefits ranging from increased innovation, to reduced regulatory uncertainty, strengthened investor confidence and improved profitability and competitiveness.
For HPE, the transition to a low-carbon economy is driving new opportunities for sustainable technologies. For example, products that help our customers manage their impact through energy and resource management, such as HPE Financial Services Asset Recovery Services and HPE GreenLake, will be competitive in a carbon constrained market.
In fact, in order to break the link between growth and energy consumption, HPE has set an ambitious goal to increase the energy performance of our product portfolio 30X by 2025 (from a 2015 baseline). This is one element of HPE's climate strategy, which spans our entire value chain - including a goal to source 50% of our operational electricity consumption from renewables by 2025, and science-based operations and supply chain emissions targets that are aligned with the global Paris climate accord.
By effectively managing both the risks and opportunities of transitioning to a low-carbon economy, we are creating value for HPE and enhancing our reputation - all while helping create a more sustainable world.