Sweden pledges extra $19m in Loss and Damage Fund
Sweden pledges additional $19 million to the Loss and Damage Fund at the 29th United ...
HP announced its ambitious plan to eliminate 75 percent of virgin plastic packaging by 2025 in line with its sustainability march.
“As part of our sustainable packaging strategy, we aim to eliminate unnecessary packaging material, space, and hard-to-recycle materials. We are also working to use materials with lower environmental impact, such as sustainable fiber and recycled plastics. Through 2019, we achieved a 5% reduction in single-use plastic product packaging,” the company said in its 2019 HP Sustainable Impact Report.
The report said HP sourced more than 1 million pounds of ocean-bound plastic for use in its products, and it is on track with its plans to increase recycled content in its products to 30% by 2025.
The HP 2019 sustainability report added that “We are more than halfway to achieving our science-based goal of reducing product use greenhouse gas emissions intensity by 30% by 2025. And we were one of only eight companies to receive a triple-A rating from CDP for our work across climate change, forests, and water security.”
“We continue to move toward a sustainable future for printing that is forest positive, carbon neutral, and supportive of a circular economy. For example, through the Sustainable Forests Collaborative, we are working to protect, restore and manage more than 200,000 acres of forests in Brazil and China,” the report said.
Moreover, HP has been active to contribute to the attainment of Sustainable Develop,ent Goal (SDG 4 ) on quality education.
The company has reached more than 28 million students, teachers, and adult learners through its educational programs and partnerships—and it is tracking toward its goal of enabling better learning outcomes for 100 million people by 2025.
HP has also been committed to continue to foster a culture of diversity and inclusion. The company has the most diverse board in the US technology industry, and 63% of its US hires in 2019 were from underrepresented groups. But HP must do much more— particularly when it comes to the number of black employees hired and retained at the company HP. That’s why HP plans to double its number of black and African American executives by 2025. And the company is committed to doing the hard work needed to help stamp out systemic racism and discrimination in all its forms.
HP is recognized as one of the world’s most sustainable companies.
“This isn’t just the right thing to do—it’s also good for our bottom line. In 2019, our Sustainable Impact work helped drive more than US$1.6 billion in new sales—a testament to the high-performance, purpose-driven culture that unites our people and our partners. It also reflects the changing role of corporations in society. We must not only create value for our shareholders, but also create a brighter future for all our stakeholders,” the report said.
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