HP Achieves Triple CDP ‘A’ Score

HP Inc. has been highlighted as a world leader in corporate sustainability by global environmental non-profit CDP, achieving a place on the triple “A-List” for taking climate actions, protecting forests and addressing water security—all three environmental themes covered by CDP.

HP was also identified as a global leader for engaging with its suppliers on climate change, being awarded a position on the CDP Supplier Engagement Leaderboard for the fourth consecutive year, which is the number of years CDP has provided this assessment.

HP is the only US company to achieve triple “A” ranking and one of five companies that achieved both a triple “A” for climate, forest and water and is listed on the Supplier Engagement Leaderboard. The rankings validate HP’s long-term commitment to developing a sustainable economy.

“Congratulations to HP for earning a spot on this year’s Forests, Water and Climate A Lists – they are a model for true environmental leadership,” said Bruno Sarda, president of CDP North America. “Climate change, water insecurity and deforestation are undeniable business risks if unaddressed and we must transition to a low-carbon economy now to avoid the worst impacts. ‘A-List’ companies know sustainability presents an exciting race to the top, an opportunity to innovate and rethink business as usual, proving that environmental responsibility simply makes good business sense.”

“It’s never been more urgent for companies, like HP, to take decisive and immediate action to address climate-related impacts, and to expect and incentivize their supply chain partners to do the same,” said Nate Hurst, chief sustainability and social impact officer, HP. “We are honored to be one of only five companies to achieve both a triple “A” ranking from CDP for our leadership in climate action, forest protection and water stewardship and be on the Supplier Engagement Leaderboard.”

HP has established science-based targets to reduce GHG emissions across its value chain and was among the first companies to have its operations emissions goal approved by the Science Based Targets Initiative is consistent with levels required to keep warming to 1.5°C.

HP was one of the earliest companies to join The Climate Group’s RE100 and has set a goal to achieve 100% renewable electricity usage in its global operations by 2035. The company designs energy-efficient products. Since 2010, the energy consumption of HP’s personal systems has dropped by 44% on average.

HP is transforming whole industries by digitizing industrial printing and manufacturing through technologies liked HP Indigo and HP Jet Fusion, which dramatically reduce emissions and waste. In 2019, HP introduced the HP Tango Terra printer, which is certified as being carbon neutral throughout its entire life cycle in accordance with The CarbonNeutral Protocol.

Forests are vital for life, home to millions of species, they protect soil from erosion, produce oxygen, store carbon dioxide, and help control climate. HP has achieved zero deforestation associated with HP brand paper and is working on a plan for paper-based product packaging by 2020.

In September 2019, HP announced a partnership with the World Wildlife Fund (WWF) that will help protect 200,000 acres of forest by restoring part of Brazil’s threatened Atlantic Forest and increasing sustainable management of state-owned farms and forest plantations in China.

HP is committed to calculating, disclosing and reducing water use across its global value chain. The company published its first water footprint in 2013 and has since annually reported its full water footprint. HP has set a goal to reduce potable water consumption in its global operations by 15% by 2025, compared to 2015, and uses the World Resource Institute’s Aqueduct Water Risk Atlas tool to assess the risk of its sites and prioritize water-stressed locations.

HP’s supply chain accounts for almost half of its total carbon footprint, so the company works closely with its production and nonproduction suppliers to lessen negative environmental impacts. Since 2008, HP has annually collected data from its suppliers using industry and cross-industry standard reporting platforms, such as the CDP Supply Chain program and the Responsible Business Alliance (RBA) Online Environmental Survey, and since 2012 has included suppliers’ greenhouse gas (GHG) emissions in the company’s environmental footprint.

HP sets requirements for suppliers that go beyond general industry expectations, such as setting science-based GHG emissions reduction targets, third-party verification of GHG emissions and high levels of transparency. The company tracks supplier performance on its HP’s Sustainability Scorecard, which is integrated into HP’s general procurement score-card and directly ties ongoing procurement decisions to supplier sustainability performance, ensuring sustainability is prioritized in business decisions.