HP Announces Supply Chain Goals to Enhance Environmental and Social Impact

HP Inc. (NYSE: HPQ) today released its 2016 Sustainability Report, outlining new efforts to shrink its global footprint through a 10 percent decrease in supply chain Scope 3 greenhouse gas (GHG) emissions intensity by 2025 1.  Concurrently, the company announced two supply chain responsibility goals to: 1) double factory participation in supply chain sustainability programs; and 2) develop the skills and improve the well-being of 500,000 supplier factory workers by 2025. All three goals use 2015 as a baseline. These targets exemplify HP’s ongoing efforts to reinvent ethical, sustainable, resilient supply chains—across the IT industry and beyond. See the full report at www.hp.com/sustainability.

“As part of our ongoing dedication to environmental and social impact, we are reducing our carbon footprint and empowering workers across our global supply chain,” said Stuart Pann, Chief Supply Chain Officer at HP. “We are committing to further engage our suppliers as essential partners to embed sustainability across every aspect of our business. Together, we can drive changes that benefit our business, suppliers and customers, as well as factory workers and the environment.”

HP’s 2016 Sustainability Report shares specific details surrounding its progress to-date, and new goals that support its commitment to addressing climate change and improving worker well-being. Highlights from this year’s report include:

A Goal to Reduce Supply Chain GHG Intensity by 10 percent
Following several other recently announced HP initiatives to take climate action across its global footprint, HP’s new supply chain targets seek to reduce GHG Intensity by engaging directly with suppliers to meet stringent management and transparency requirements, set goals for their operations, and improve collaboration and ongoing performance.

In renewing its participation in World Wildlife Fund’s (WWF) Climate Savers Program, HP worked with WWF specialists to develop a science-based target for Scope 1 and Scope 2 emissions and a new supply chain reduction goal for Scope 3 emissions. WWF supports those goals, confirming the rigor of HP’s goal-setting process. Together, HP’s goals for Scope 1, 2 and 3 emissions align with the criteria of the Science Based Targets initiative, from which HP is pursuing target validation.

News highlights
•HP announces a new goal to reduce first-tier production supplier and product transportation-related GHG emissions intensity 10 percent by 2025, compared to 20151
•In addition, HP has set a new goal to double factory participation in supply chain sustainability programs by 2025, compared to 2015, to increase both the number of suppliers that participate in its programs and the depth of their engagement
•HP’s new goal to develop the skills and improve the well-being of 500,000 supplier factory workers by 2025, compared to 2015, follows HP’s longstanding commitment to the well-being of the workers in its supply chain, with a focus on vulnerable groups including women, student and foreign migrant workers
•These goals, as well as progress through HP’s fiscal year 2016, are outlined in the just released HP 2016 Sustainability Report
more detail at:  http://www8.hp.com/us/en/hp-news/press-release.html?id=2475836#.WUJ4GXmGMy8

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