HP Innovation Journal Special Edition: Sustainable Impact | Page 5

In 2011, the global population passed 7 billion—and that
number continues to grow. According to a UN report, the
world’s population is on pace to hit 9.8 billion by 2050. This
growth will put tremendous stress on our natural resources.
In fact, at our current rate of growth, by 2050 we’ll need
the equivalent of 2.3 Earths to support us all, according to
the World Business Council for Sustainable Development.
At the same time, as the population grows, more people
will look to move up the economic ladder, especially in
developing and emerging economies. According to a paper
by the Brookings Institution, there were about 3.2 billion
people in the global middle class at the end of 2016—and
this number is expected to grow by about 160 million people
per year on average through 2030. And as incomes increase,
so will consumption, putting additional pressure on our
natural resources.
Still, for many, economic opportunities remain limited. More
than 263 million children and youth around the world are out
of school and at least 330 million children are not learning
basic skills needed for future employment, according to the
Global Business Coalition for Education.
At HP, global challenges like these guide our journey
to reinvent everything we do—from how we run our
operations; to how we conduct business with our partners
and customers; to how we design, deliver, and recover our
products. Through our Sustainable Impact efforts, we
are able to capitalize on what we do best, anticipate and
prepare for the next wave of global challenges, and create
opportunities through the power of technology.
Our Sustainable Impact strategy is a business imperative
and key differentiator that enables us to help our customers
meet their own sustainability goals. In fact, in 2017 alone, we
won close to $1 billion of new revenue where sustainability
criteria was a key differentiator. In that same time period, we
saw a 38 percent year-over-year increase in bids supported
where sustainability was a requirement.
Our strategy drives our commitment to create a positive,
sustainable impact on the planet, people, and communities
around the world. We believe this is not just the right
thing to do, but also fuels our innovation and growth, and
strengthens our business for the long term.
Reinventing to Make a Sustainable Impact
GROW OUR BUSINESS, NOT OUR
FOOTPRINT—AND SUPPORT OUR
CUSTOMERS TO DO THE SAME
We see the need to act on climate change as our
responsibility and vital to the long-term success of our
business. As such, we work to reduce our environmental
impact across our entire value chain.
While our operations represent only a small percentage of
our carbon footprint, we strive to reduce energy use and
greenhouse gas (GHG) emissions. Since energy use is the
main driver of climate impact in our operations, we focus
our efforts mainly on reducing energy consumption through
optimization and efficiency projects, increasing on-site
generation of renewable power, and procuring off-site
renewable power.
In support of these efforts, we are continuing a decade-long
legacy of transparency and leadership by setting public
goals, taking steps to meet those goals, and reporting on
our progress. Most recently, we set a science-based target to
reduce Scope 1 and Scope 2 GHG emissions from our global
operations by 25 percent by 2025, compared to 2015. In 2017,
we exceeded that goal by decreasing emissions by 35 percent
compared to 2015.
Similarly in 2016, we pledged to achieve 100 percent
renewable electricity usage in our global operations, with
an initial goal of 40 percent renewable electricity by 2020.
In 2017, we exceeded our initial goal by using 50 percent
renewable electricity in our global operations.
For our operations goals, we are currently assessing the
impact that the acquisition of Samsung Electronics Co.,
Ltd.’s printer business will have on those goals, and will set
new ones based on that assessment.
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