HP reduces global greenhouse gas emissions by 35 percent

Global technology company HP has managed to reduce its operational emissions by 35 percent since 2015.

The news comes on the back of the company’s latest sustainability report, released this month, which details the array of measures it is taking to transform the global business.

The report shows that both direct and indirect emissions were in decline and well above its modest 2025 goal of a 25 percent reduction. However, its carbon footprint across the entire business actually increased by 2 percent on the previous year, growing to over 37 million tonnes of CO2 equivalent.

HP has made progress so far by targeting its vast levels of energy consumption, generated in the service of computer and printer manufacturing.

Energy efficiency measures have been implemented at some of its main sites, such as in Palo Alto, California, including LED lighting upgrades, heating replacements and sustainable construction methods. Implementing these approaches at seven locations will save an estimated 4,100 megawatt hours per year. At Palo Alto alone this has led to an 8 percent reduction in electricity usage.

“At HP we’re reinventing for a better world. At the heart of our reinvention is the need to create a business that can have a lasting sustainable impact on the world,” said Dion Weisler, President & Chief Executive Officer. “This is not just the right thing to do, it fuels our innovation, our growth, and creates a stronger and healthier company for the long term.” 

One of its separate efforts is to source more power from renewable energy, and the company is excelling in this area as well. In 2017, it increased its global renewable usage by 237 percent, buying or generating over 350,000 megawatt hours. This pushed its share over 50 percent, meaning its 2020 target of 40 percent has already been broken.

HP has shown that sustainability is also good for business with $700 million in new deals coming off the back of these efforts.