HP Innovation Journal Special Edition: Sustainable Impact | Page 6

CREATING A RESILIENT SUPPLY CHAIN With nearly 50 percent of our carbon footprint coming from our supply chain, we recognize the importance of helping our suppliers reduce their own environmental impact in order to create a more resilient supply chain. It’s why we have developed initiatives such as the Energy Efficiency Program. Implemented in collaboration with NGOs such as BSR, the World Resources Institute, and WWF, the program helps our suppliers in China and Southeast Asia build capabilities, improve energy efficiency, and explore the use of renewable energy. Since 2010, the program has helped 200 first-tier and sub-tier supplier sites save more than 665 million kWh in electricity, prevent a cumulative 1.05 million tonnes of carbon dioxide equivalent (CO2e) emissions, and save an estimated $86 million. As in our operations, we’ve set goals designed to drive progress within our supply chain. We committed to reduce first-tier production supplier-related and product transportation-related GHG emissions intensity by 10 percent by 2025, compared to 2015¹—and set a goal to help suppliers cut 2 million tonnes of CO2e emissions between 2010 and 2025.² To ensure continued improvements, we are now incenting our suppliers to set science-based GHG emissions reduction targets and third-party verification of GHG emissions. DESIGNING OUR MOST SUSTAINABLE PRODUCT PORTFOLIO Building on a legacy of sustainable product design, we continue to transform to a more circular and low-carbon economy and offer customers our most sustainable portfolio of products and services. Our efforts include developing solutions that keep materials in use at their highest state of value for the longest possible time, ensuring the materials in our products are properly repurposed at end of service, shifting from transactional product sales to service models, and investing in disruptive technologies such as 3D printing that will help drive a more sustainable Forth Industrial Revolution. To learn more about Innovation Journal Sustainable Impact our circular economy efforts, read the article, “Bringing Sustainability Full Circle” on page 6. Since almost 50 percent of our carbon footprint comes from the use of our products and solutions, we are committed to reducing the energy consumption and GHG emissions intensity of our product portfolio. And we’ve seen strong results. For example, we set a goal to reduce the GHG emissions intensity of our product portfolio by 25 percent by 2020, compared to 2010—and we reached that goal by the end of 2017, achieving a 33 percent decrease. We are currently determining a new product goal. CHAMPION DIGNITY, RESPECT, AND EMPOWERMENT FOR ALL PEOPLE WITH WHOM WE WORK We know that better innovation and business growth comes from having diverse, empowered teams and people. It’s why we champion dignity, respect, equality, and human rights in our own business, within our supply chain, and beyond our corporate walls. FOSTERING DIVERSITY AND INCLUSION We believe that fostering diversity and inclusion is a business imperative and essential to serving our global customers. To this end, we embed diversity and inclusion into everything we do—starting at the top. In fact, our Board of Directors is one of the most diverse of any technology company in the U.S. We also encourage our suppliers and partners to commit to diversity and inclusion goals. For example, in 2016, we challenged our top five marketing agencies to significantly increase the number of women and U.S. minorities on HP account teams. As of October 2018, our agencies reported that women made up 62 percent of account team members and 55 percent of senior roles, surpassing target goals. At the same time, 36 percent of agency account team members are from underrepresented groups. To learn more about our diversity and inclusion programs, read the article, “Reinventing the Standard for Diversity and Inclusion” on page 22.