HP Commits to Zero Deforestation by 2020
Palo Alto, Calif., June 29, 2016 Today, HP Inc. (NYSE: HPQ) announced a commitment to achieve zero deforestation by 2020. All HP brand paper and paper-based product packaging 1 will be derived from certified and recycled sources by 2020, with a preference for virgin fiber from certified sources of the Forest Stewardship Council (FSC). This pledge is one of several 2016 goals outlined in the company's latest Sustainability Report released today. See the full report at www.hp.com/sustainability.
HP's new goal reinforces its leadership position among global companies. According to Forest500 2, only 8 percent of companies have an overarching zero or zero-net deforestation commitment. This goal highlights HP's ongoing efforts to help customers make responsible printing and purchasing decisions that lower the environmental impact of their operations. This zero deforestation pledge also reflects the breadth of actions the company is taking to address the effects of climate change.
Climate change is the most challenging environmental issue of our lifetime, said Nate Hurst, HP's Chief Sustainability & Social Impact Officer. HP is committed to being an environmental steward; therefore, we continue to measure and reduce the impact of our products, operations and supply chain activities.
HP is well on its way toward achieving this goal. In 2015, HP achieved the public forestry goal of 50 percent FSC-certified fiber in HP brand paper products. Moving forward, HP will work with World Wildlife Fund's (WWF) Global Forest & Trade Network-North America (GFTN-NA) to reduce fiber sourcing risks for products and packaging, source more environmentally responsible paper and packaging products, and engage suppliers as partners in this journey.
HP's efforts to lead the way on eliminating deforestation from its paper products and packaging are commendable, said Linda Walker, Director of Responsible Forestry & Trade at WWF-US. This is a leadership-level goal within HP's broader sustainability commitments.
The announcement coincides with the release of the HP 2015 Sustainability Report, which outlines progress made in 2015 and goals set for 2016. The zero deforestation goal is one of three new goals included in the report. The others are:
HP has pledged to achieve 100 percent renewable electricity within global operations with an interim goal of achieving 40 percent worldwide by 2020.
HP has committed to reduce the GHG emissions intensity of its product portfolio by 25 percent by 2020 3. HP was the first company in the IT industry to set GHG emission reduction goals across its operations, supply chain and products.
The report also covers a broad range of sustainability performance and initiatives across three pillars of environment, society and integrity. Notable 2015 achievements include:
Met two GHG emissions reduction goals for our global operations and supply chain five years early.
Engaged 78,000 supplier factory workers to promote wellness and enhance their skills, empowering them to become leaders in their communities.
For more information, please visit www.hp.com/sustainability.
Packaging is the box that comes with the product and all paper (including packaging and materials) inside the box.
The Forest 500: Executive Summary. 2015. The Global Canopy Programme. http://forest500.org/sites/default/files/executive_summary_november_2015.pdf
Emissions intensity of HP's product portfolio refers to tonnes CO2e/net revenue arising from use of more than 95% of HP product units shipped each year, including notebooks, tablets, desktops, mobile computing devices, and workstations; and HP inkjet, LaserJet, and DesignJet printers, and scanners. Expressed as emissions generated per unit of output, based on anticipated usage. For personal systems products, this reflects energy consumed by each product unit during customer use. For printing products, this reflects energy and paper consumed to print each page./li>
Forward-Looking Statements
This document contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements of expectation or belief and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility the company's business may not perform as expected; that the company may be unable to successfully implement separation strategies; and other risks that are described in the company's reports to the U.S. Securities and Exchange Commission, including but not limited to the risks described in the company's Annual Report on Form 10-K for its fiscal year ended October 31, 2015 and the company's Quarterly Reports on Form 10-Q for its fiscal quarter ended January 31, 2016. The company assumes no obligation to update these forward-looking statements.
2016 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
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HP Commits to Zero Deforestation by 2020
