The HP 2019 Sustainable Impact Report, available to ITREALMS, indicated that these sales raised an estimated 69 per cent, reflecting the growing business imperative for companies to lead with purpose.
Just as HP Inc reaffirmed its commitment to eliminating 75 per cent of single-use plastic packaging by 2025.
The company restated the commitment in its just-released 2019 Sustainable Impact Report, which also highlights the progress HP is making to drive diversity and inclusion, as well as strengthen communities globally.
“The HP culture has long been built on the belief that how we do things is just as important as what we do. Recent events have laid bare the systemic racism and deep inequalities that remain a stain on society, and it’s imperative for all companies to act with urgency on all fronts,” said Enrique Lores, HP President and CEO.
“It’s especially important for companies to hold themselves accountable and publicly report their progress,” Lores continued. “This year’s data shows that HP is making significant strides forward in many areas, while also revealing where we must do better. For example, the number of African American employees is below where it needs to be, and we are taking actions to improve. While we have a lot of hard work ahead, our values-driven culture that unites our teams and our partners gives me confidence in our ability to accelerate our progress and foster a more sustainable, equitable, and just society.”
As part of these commitments, HP announced a new goal to eliminate 75 percent of single-use plastic packaging by 2025, supporting the company’s efforts to drive a low-carbon, circular economy.
Efforts to make a sustainable impact on people, the planet and communities are integrated into HP’s business strategy and operations, and have become an increasingly important driver of customer purchasing decisions. HP’s Sustainable Impact efforts helped drive more than $1.6 billion in sales wins in 2019, up an estimated 69 percent, reflecting the growing business imperative for companies to lead with purpose.
The goal focuses on hardware unit packaging and is predicated on a move to moulded fibre packaging cushions. HP’s environmental packaging strategy aims to eliminate unnecessary plastics and materials of concerns wherever possible.
For instance, in 2019, HP decided to eliminate power cord plastic ties and plastic document bags in hardware packaging. HP also has shifted to more recyclable, paper-based alternatives. To accelerate this shift, the company is transitioning from plastic foam packaging cushions to those made with 100 per cent recycled, moulded pulp for HP’s notebooks, desktops and displays. The transition to moulded fibre Personal Systems packaging cushions eliminated 933 tonnes of hard-to-recycle expanded plastic foam last year.
In Printing, HP reduced plastic foam by 40 per cent and eliminated over 95 tonnes of the material in 2019 just by redesigning the packaging of a printer model.
Launched in 2019, the HP Tango Terra is HP’s first printer with zero plastic packagings, using a combination of moulded fibre cushions and glassine paper to replace the typical plastic foam and bag.
In 3D printing, HP recently announced the availability of a new material called polypropylene (PP), that helps reduce waste by enabling up to 100 per cent reusability of surplus powder.
HP has also sourced more than 60 million bottles of ocean-bound plastic and launched the world’s first notebook, display, mobile workstation and enterprise Chromebook made using ocean-bound plastics.
With 111 Gold and 268 Silver EPEAT-registered products – more than any other company in the IT industry, HP has the world’s most sustainable PC portfolio.
Aside from the environment, HP has also committed to diversity and inclusion at all levels of the company while fighting racial inequality, announcing a new goal to double the number of Black and African American executives inside the company by 2025.
The Company’s Board of Directors continues to be the most diverse of any U.S. technology company, comprised of 42 per cent women and 58 per cent minorities. In 2019, 63 per cent of U.S. hires were from underrepresented groups, including women, U.S. ethnicities, veterans, and persons with disabilities.
Globally, 40 per cent of HP hires in 2019 were women, and the company’s Global Supplier Diversity program spent $374 million with small and diverse suppliers including minority- and women-owned businesses, contributing $698 million in overall economic impact.
Earlier this year, HP re-committed to the CEO Action for Diversity and Inclusion, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. The HP Foundation pledged $500,000 to social justice organizations to confront and combat systemic racism and inequality in society.
HP is also leveraging its platforms to shine a spotlight on these issues globally, and is partnering with Girl Rising, a global non-profit dedicated to eradicating poverty by providing education to women and girls, to launch ‘My Story: The 2020 Storytelling Challenge.’
The challenge will bring to life examples of young leaders fighting for human rights, racial justice, gender equity and the advancement of education for girls.
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