HP Releases 2018 Sustainable Impact Report

HP, a global leader in both tech and sustainable business practices, recently released its 2018 Sustainable Impact Report. The report features key milestones and achievements the company has reached thus far as well as further commitments it is making towards creating more sustainable and community-oriented business practices.

HP has long remained an industry leader in this regard, and the report outlines even bolder goals for the company’s commitment to the environment and global communities. These include:

  • Increasing recycled content plastic in its Personal Systems and Print hardware and supplies to 30 percent by 2025
  • Powering its global operations with 100% renewable electricity by 2035 (it has already achieved 100 percent renewable electricity in the United States)
  • Enable better learning outcomes for 100 million people by 2025

It also announces several accomplishments HP managed to reach this year, including:

  • Increasing new hires from under-represented groups to 59% in the U.S
  • Reaching 21 million students and adult learners through quality education programs, partnerships since 2015

In addition to these accomplishments, HP reported that its commitment to sustainable business practices and its investments have led to over $972 million of new revenue in 2018, a 35 percent year-over-year increase.

“Companies have critically important roles to play in solving societal challenges, and we continue to reinvent HP to meet the needs of our changing world,” said Dion Weisler, President & Chief Executive Officer, HP Inc. “This isn’t a ‘nice to do,’ it’s a business imperative. Brands that lead with purpose and stand for more than the products they sell will create the most value for customers, shareholders and society as a whole. Together with our partners, we will build on our progress and find innovative new ways to turn the challenges of today into the opportunities of tomorrow.”

HP isn’t working alone on all these initiatives. It has numerous partnerships that focus on a variety of issues, including the recycling of ocean plastics with NextWave Plastics, research on recycling and managing waste with researchers from the University of Georgia, and sustainable magazines with Elle Magazine.

 

 

Sources: Yahoo Finance, HP, Elle Magazine, NextWave Plastic