HP Sustainable Impact Report Executive Summary 2021 - Page 2

Letter from our President and CEO

From our earliest days as a company , HP has been a place

where innovation drives extraordinary contributions to humanity .

COVER IMAGE : EMPOWERING GIRLS HP partner , Girl Rising , uses the power of storytelling to highlight the connection between girls ’ education and climate change .
We are confronting a set of global challenges that are testing the very foundation on which our society is built . From an ongoing pandemic to our accelerating climate crisis to persistent inequality , these challenges impact all of us . And the way we respond will help shape our future in profound and lasting ways .
Companies like ours have a critical role to play in helping solve these challenges . That ' s why , in 2021 , we announced one of the most comprehensive environmental and social impact agendas in our industry — with aggressive goals focused on climate action , human rights , and digital equity . And we have been taking decisive action to meet them .
In our 21st annual Sustainable Impact report , we share the progress we are making . There are areas where we are leading but also opportunities for us to do more . Our teams are operating with the deep sense of urgency needed to make continuous improvements , while forging partnerships to maximize our impact . While no single company , sector , or even country can solve the enormous global challenges before us , we know we can create a better future by working together .
Climate Action Of all the challenges facing the world , none is greater than our climate crisis . And so , we set an ambitious climate goal : By 2040 , HP ’ s entire value chain — Scope 1 , 2 , and 3 — will reach net-zero greenhouse gas emissions , with a 50 % reduction in absolute emissions by the end of this decade . We ’ ve already achieved a 9 % absolute reduction since 2019 — but we know we must move faster . So , we ’ re rethinking our materials , as well as how to keep them in circular use , and how to reduce our footprint .
We ’ ve made significant progress in reducing plastic waste and using more recycled plastic . We have reduced singleuse plastic packaging by 44 % compared to 2018 . And we have increased the use of postconsumer recycled content plastic across our personal systems and print product portfolio to 13 %, as we aim for 30 % by 2025 .
We also are disrupting the US $ 10 billion fiber-based sustainable packaging market , with our 3D-printing enabled HP Molded Fiber Advanced Tooling Solution and acquisition of Choose Packaging , the inventor of the only known commercially available zero-plastic paper bottles .
We are partnering with leading conservation and environmental organizations , including the World Wildlife Fund , Conservation International , the Arbor Day Foundation , and the Jane Goodall Institute , to invest in forest restoration and responsible management to counteract deforestation for non-HP paper used in HP printers and print services . Since 2020 , all HP brand paper and paper-based packaging for home and office printers and supplies , PCs , and displays have been derived from recycled or certified sources .
Finally , we are broadening our impact by engaging our hundreds of production suppliers and thousands of nonproduction suppliers in sustainability programs . In early 2022 , we expanded our Amplify Impact channel partner program to empower more than 10,000 partners in over 40 countries to advance their own sustainable impact journeys .
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