Most of our GHG emissions from operations are related to the energy used to power our facilities. To save money, drive progress toward our goals, and reduce our climate impacts, our strategy is to:

• Aggressively reduce energy consumption through optimization and efficiency projects
• Increase on-site generation of renewable power
• Procure off-site renewable power, including through renewable energy credits (RECs), utility supplier green power options, and power purchase agreements (PPAs)

Energy efficiency

Energy use is a significant operating expense for HP and the main driver of our climate impact from operations. In 2022, our operations consumed 696,349 MWh of energy, essentially flat (down 0.1%) from 2021. This was despite partial site reoccupancy, the addition of several new sites to our portfolio during the year (including a large facility in South Korea), and the inclusion of aviation jet fuel in our energy footprint for the first time. Excluding the new sites and aviation jet fuel, we would have achieved a 3.0% reduction in energy consumption compared to 2021.

Renewable energy

By 2025, we aim to use 100% renewable electricity to power our global operations.

In 2022, we procured and generated 270,585 MWh of renewable electricity globally (15% wind, 75% solar, 1% hydro and 10% other)¹. Renewables accounted for 55% of our global electricity consumption, up from 54% in 202. Sources of renewable electricity in 2021 included RECs, GOs (guarantees of origin), and IRECs (85%), direct purchases (14%), and renewable energy generated on-site and on-site PPAs (1%).² Through these purchases, we once again achieved our objective to use 100% renewable electricity in the United States.

Auto fleet, business travel and commuting

During 2022, our company fleet accounted for 17,670 tonnes of CO2e emissions, down 4% compared to 2021 and 23% less than in 2015.

To decrease emissions associated with business travel, we provide employees with low-impact travel choices through collaboration with travel providers, planning tools, and transportation alternatives. In 2022, we expanded these efforts by becoming the first  North American corporation to partner with Lufthansa airline’s Compensaid program, offsetting employee flights through the purchase of sustainable aviation fuel (SAF). Of our total business air travel footprint of 15,300 tonnes of CO₂e in 2022, we mitigated 480 tonnes through SAF purchases. This partnership highlights HP’s commitment to collaborations that signal support of sustainable innovation in the corporate travel industry.

Additionally, we have committed to installing electric vehicle (EV) infrastructure at all feasible sites worldwide by 2030. In 2021, we offered EV infrastructure at 54% of 78 target sites, and installed many new charging stations during the year. Wherever feasible, we require new building constructions and leases to include EV infrastructure.

See detailed information in the Climate Action section of the 2022 HP Sustainable Impact Report at: www.hp.com/go/report.

¹ Data does not add up to 100% due to rounding.

² As applicable, HP uses RECs in Canada and the United States, GOs in most European countries, and I-RECs in most Asian countries and other countries not covered by RECs and GOs.