HP Sets Target to Reduce Single-use Plastic Packaging, Makes Progress Toward Diversity Imperative
June 24, 2020 - Sustainable Impact is HP’s commitment to create positive, lasting change for the planet, its people, and our communities. HP meets this commitment through the actions of its employees, the technologies it designs, and the partnerships it forms to expand the reach of HP solutions to address global challenges.
The 2019 HP Sustainable Impact Report and Executive Summary highlight the actions the company is taking to address some of the world’s most critical social and environmental challenges. It outlines the HP Sustainable Impact strategy and the key accomplishments achieved in the previous year, and looks ahead to the future that HP aims to create.
The report provides information on the company’s goals and progress to date. HP knows that making a sustainable impact is not just the right thing to do. It also serves as a key differentiator for customers and investors who are rewarding companies with purpose-driven cultures that focus on creating long-term value inside and outside their walls. In fact, in fiscal year 2019 alone, HP won more than $1.6 billion in new sales due, in part, to its sustainability efforts—an estimated 69 percent increase from the previous year.
Among the progress and commitments HP highlighted in the 2019 HP Sustainable Impact Report are:
- Announced a goal to eliminate 75 percent of single-use plastic packaging by 2025, compared with 2018.
- Made solid progress toward its 30 percent post-consumer recycled content goal, using more than 25,590 tonnes of recycled content plastic in its products last year, equivalent to 9 percent plastics used.
- Published its inaugural Human Rights Progress Report, summarizing the company’s approach to embedding human rights principles into its business.
- Announced a new goal to double the number of Black and African American executives inside the company by 2025.
- Continued to have the most diverse Board of Directors of any U.S. technology company, and in 2019, made progress toward its diversity imperative: 63 percent of HP U.S. hires were from underrepresented groups, including women, U.S. ethnicities, veterans, and persons with disabilities (compared to 57 percent in 2018).
- Contributed $698 million in overall economic impact through its supplier diversity program, including goods and services produced by HP’s diverse suppliers and their supply chains.
- Through 2019, reached more than 28 million people through its educational programs, products, and partnerships, in support of the company’s goal to enable better learning outcomes for 100 million people by 2025.
- Reached $35.17 million in HP Foundation and employee community giving toward its goal to contribute $100 million by 2025 (cumulative since the beginning of 2016).
“Throughout our history, we have proven that doing well and doing good are not mutually exclusive. In fact, we believe improving the world and improving our bottom line are one and the same,” said Enrique Lores, President and CEO, HP. “Delivering a sustainable impact—on our planet, people, and communities—has never been more important, and companies like ours must be beacons of progress.”
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://hp.com/sustainableimpact.
Link to download the report: