Climate change presents a broad range of risks and opportunities for HP. We follow structured processes to identify and assess those items and have developed programs to address those across our value chain. Our Board of Directors’ Nominating, Governance, and Social Responsibility (NGSR) committee is responsible for overseeing HP’s sustainability initiatives, and may review, assess, report, and provide guidance to management and the board regarding HP’s policies and programs relating to sustainability issues, including climate change.
We see the need to act on climate change as our responsibility and vital to the long-term success of our business. As such, we work to reduce our environmental impact across our entire value chain. In support of these efforts, we are investing in renewable electricity, setting public and science-based greenhouse gas (GHG) emissions reduction goals, and transparently reporting on our progress.
The manufacturing, delivery, and use of HP products and solutions requires a substantial amount of natural resources. As part of our commitment to protecting the planet, HP measures our environmental footprint across the value chain to prioritize areas for improvement. We were the first company in the IT industry to publish a full carbon footprint and one of the first to disclose a complete water footprint. Our carbon and water footprints(1) cover our entire global value chain, from suppliers(2) to our operations and millions of customers worldwide. The insights we gain through this process help us to continually improve and create positive and sustainable impact on the planet, our people, and communities where we live, work, and do business.
Our aim is to transform our entire business for a more circular and low-carbon economy and offer customers our most sustainable portfolio of products and services so that they can achieve more with less environmental impact. Our efforts include developing solutions that keep materials in use at their highest state of value for the longest possible time, ensuring the materials in our products are properly repurposed at end of service, and shifting from transactional product sales to service models.
We have set ambitious GHG emissions reduction goals across the value chain to drive progress. Our first-generation Scope 1 and Scope 2 GHG emissions and Scope 3 GHG emissions intensity reduction goals were validated in June 2017 by the Science Based Targets initiative (SBTi). Based on progress and re-baselining in 2018, we worked with WWF Climate Savers and other specialists to update our science-based Scope 1 and 2 GHG emission target which we have submitted to the SBTi in 2019 for validation.
We also provide suppliers incentives to set and meet their own goals. In 2018, we updated our supplier environmental management criteria to include science-based GHG emissions reduction targets and third-party verification of GHG emissions. To extend our influence within and beyond our industry, we join leading companies in GHG goalsetting and reduction efforts including RE100, CDP Supply Chain, WWF Climate Savers, and the Step Up Declaration alliance launched at the 2018 Global Climate Action Summit.
Please find HP’s Climate Action Policy Position at http://h20195.www2.hp.com/V2/GetDocument.aspx?docname=c05320887.
For further information on our climate strategy and collaboration efforts, please see the HP Sustainable Impact Report at: www.hp.com/go/report.
1 This report includes updated data for Scope 1 and Scope 2 GHG emissions, and energy use, and water consumption from operations, back to the baseline of 2015, per guidance in the GHG Protocol, to reflect sites that came under HP operational control following the acquisition of Samsung Electronics Co., Ltd.’s printer business on November 1, 2017). Data for 2017 and 2018 include improved data that better reflects average laser printer paper usage, compared to 2017 data for product use stated in the HP 2017 Sustainable Impact Report.
2 Carbon and water footprint data presented in this section related to our suppliers is calculated using product life cycle assessment-based estimates for materials extraction through manufacturing and product transportation. Supply chain GHG emissions and water withdrawal data is based on a different methodology (see HP 2018 Sustainable Impact Report, page 42)