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)

Our global operations produced 146,400 tonnes of Scope 1 and Scope 2 CO2e emissions during 2023, a 3% decrease compared to 2022. A key factor in our emission reductions in 2023 was our increased purchasing of renewable electricity and attributes. GHG emissions intensity equaled 2.7 tonnes of CO2e per million U.S. dollars of net revenue in 2023, a 14% increase from 2022, due to decreased revenue.

Energy efficiency

Energy use is a significant operating expense for HP and the main driver of our climate impact from operations. In 2023, our operations consumed 729,831 MWh of energy, a 6% increase from 2021. Key factors included the addition of numerous sites related to the Poly acquisition as well as the use of temporary construction boilers during a boiler replacement project at our site in Corvallis, Oregon, United States.

Renewable energy

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

In 2023, we procured and generated 293,289 MWh of renewable electricity globally (81% wind, 14% solar, 5% other). Renewables accounted for 59% of our global electricity consumption, up from 55% in 2022. Sources of renewable electricity in 2023 included RECs, Guarantees of Origin (GOs), and IRECs (91%), direct purchases (6%), and renewable energy generated on-site and on-site PPAs (3%).¹ 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 2023, our company fleet accounted for 18,100 tonnes of CO₂e emissions, up 3% compared to 2022 and 41% less than in 2015.

We have also committed to installing EV infrastructure at all feasible sites worldwide by 2030. In 2023, we offered EV infrastructure at 42 of 78 target sites (54%). Wherever feasible, we require new building constructions and leases to include EV infrastructure.

See detailed information in the Climate Action section of the 2023 HP Sustainable Impact Report at: www.hp.com/go/report.

¹ 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.