Most of our operational emissions stem from the energy required to power our facilities. To address this, our strategy focuses on three key areas, including:

• Reducing energy consumption through optimization and efficiency initiatives
• Increasing onsite renewable energy generation
• Procuring renewable energy from offsite sources for regions where we operate.

Our global operations produced 127,600 tonnes of Scope 1 and Scope 2 CO₂e emissions during 2024, a 13% decrease compared to 2023, driven by increased renewable electricity procurement. In 2024, Greenhouse Gas (GHG) emissions intensity equaled 2.4 metric tonnes of CO₂e per million U.S. dollars of net revenue, a 13% increase from 2023.

Energy Efficiency

Energy consumption is the primary driver of our operational GHG emissions, and we continue to identify and invest in opportunities to improve energy efficiency and accelerate our transition to renewable energy sources. In 2024, our operations consumed 682,398 MWh of energy, marking a 6% reduction from 2023. This decrease was driven by energy conservation projects and reduced natural gas usage across all three regions where HP operates (AMS, EMEA, and APJ).

Renewable Energy

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

In 2024, we sourced and generated 297,846 MWh of renewable electricity, with 74% from wind, 4% from solar, and 22% from mixed wind and solar. This resulted in renewables accounting for 62% of our global electricity consumption—up from 59% in 2023—while maintaining our commitment to 100% renewable electricity in the US.

Auto Fleet, Business Travel and Commuting

During 2024, our company fleet accounted for 17,700 tonnes of CO₂e emissions, 2.1% less that in 2023 and 42.3% less than in 2015.

By 2030, our goal is to achieve a 100% electric vehicle (EV) company fleet. We started our first EV fleet pilots in the Netherlands in 2020 and have since introduced EV choices in 17 countries. By the end of 2024, our fleet comprises 20% EV and 29% hybrid vehicles. To support the growing adoption of EVs, we are committed to installing EV infrastructure at all feasible sites worldwide by 2030.

See detailed information in the Transform HP’s Value Chain section of the 2024 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.