Why sustainable impact is a business imperative

Business
How HP is creating sustainable technology and collaborating across the value chain to help accelerate the transition to a more sustainable and just economy.

HP’s vision is to be the world’s most sustainable and just technology company. To achieve this goal, it aims to focus on the most urgent needs of our time by innovating with purpose and intention to go beyond short-term impact and drive positive, lasting change.

Sustainable Impact is a business priority – positioning HP to offer solutions that address some of our greatest collective challenges. These include:

• Reducing waste, our reliance on natural resources, and our environmental footprint.
• Helping our customers meet their sustainability goals.
• Empowering people with the skills and technology needed for a digital economy.
• Innovation and growth from our inclusive culture.

Not only is this good for the planet, it’s good for business too. Acting with purpose drives results, attracts talent, and increases trust with customers.

• 60% of total revenue in 2023 was sustainable revenue [1]
• 91% of employees agree that HP is a leader in its commitment to Sustainable Impact [2]
• 76% of consumers say they’re more likely to purchase from companies that are socially responsible [3]

As part of its mission to create technology that inspires ambitious and meaningful progress, there are three key pillars to HP’s Sustainable Impact Strategy.

Business Climate action

HP is taking urgent and decisive action to achieve net zero carbon emissions across its entire value chain, give back more to forests than we take, and innovate products and services for a more circular economy.

Business Human rights

The business is building a culture of equality and empowerment within HP and beyond, where diversity is sought out and celebrated, and where universal human rights are understood and respected.

Business Digital equality and philanthropy

HP is accelerating equitable access to education, healthcare, and economic opportunity for those who are traditionally excluded so they can participate and thrive in a digital economy.

To find out more read HP’s Sustainable Impact Report.

[1] Reported in accordance with Corporate Knights Sustainable Economy Taxonomy (v6.0); HP included revenue from products certified to eco labels (EPEAT® Gold/Silver, TCO, Blue Angel, and ENERGY STAR®), products designed using recycled materials, products that have been recycled, fixed, or resold, and products as a service with end-of-life management policies.

[2] Data refers to the percentage of employee survey respondents who strongly agreed or agreed with the statement (2023 Voice Insight Action).

[3] Statistic sourced from The case for human sustainability | Deloitte Insights in March 2024