Against a backdrop of rapid population growth, an expanding middle class, and increasingly scarce natural resources, the traditional linear “take, make, dispose” production model is no longer viable.
We require a fundamental shift toward a more circular and low-carbon model. Companies that can grow without also increasing raw materials consumption will thrive in a resource-constrained future — and will be well placed to help customers do the same.
Our commitment to transforming our business model spans our value chain: from our sourcing practices and operational excellence to how we design, deliver, recover, repair, and reuse our products and solutions. This transformation will redefine how we function as a business and how our customers work and live, through technology and solutions that enable entire industries to eliminate waste and drive efficient, circular value chains.
HP promotes public policies, cross-industry initiatives, and sustainable product standards that support progress in this area. We build durable products that are easier than ever to repair and upgrade, which extends their useful lives while reducing costs.
Our focus on three key circular economy priorities will create tangible value for our business while protecting the planet, empowering people worldwide, and strengthening opportunities for communities globally.
- Decoupling growth from consumption by dematerialization and increased recycled content, enhanced durability and repairability and efficient product repair, reuse and recycling
- Disrupting industry business models by shifting from transactional to service-based models and digitizing supply chains, and production to reduce waste and costs
- Collaborating across industries and sectors by building new circular supply chains, while supporting customers
For more information, see the Reinventing Impact section of our Sustainable Impact Report: www.hp.com/go/report.