As part of ongoing efforts to lower its carbon footprint across all phases of its business, HP has announced a goal to reduce the emissions intensity of its product portfolio by 40 percent by 2020 compared to 2010 levels.
With this announcement, HP becomes the only global IT company to have set carbon reduction goals for all three parts of its value chain--operations, supply chain, and product portfolio.
HP previously announced a goal to reduce total greenhouse gas (GHG) emissions from its operations (Scope 1 and Scope 2) by 20 percent by 2020, compared to 2010 levels. This built on HP's previous goal of a 20 percent carbon reduction, which the company achieved in 2011--two years early. And last year, HP set a goal, the first for the IT industry, to drive a 20 percent decrease in first-tier manufacturing and product transportation-related GHG emissions intensity by 2020, compared with 2010.
"As one of the world's largest IT companies, we believe we are uniquely positioned to help our company and our customers lower carbon emissions by developing more sustainable technologies that replace outdated, inefficient processes and behaviors," said Gabi Zedlmayer, vice president and chief progress officer, Corporate Affairs, HP. "With this new emissions goal, we are once again demonstrating our commitment to building a low-carbon economy that creates a better future and a healthier world for generations to come."
This new product portfolio goal represents the latest in a series of initiatives undertaken by HP to improve the performance and lower the environmental impact of its product portfolio, which accounts for approximately 61 percent of the company's carbon emissions. This work includes improving data center efficiencies by developing energy-efficient solutions such as the HP Moonshot server architecture, which consumes up to 89 percent less energy, uses 80 percent less space and costs 77 percent less than a traditional server environment.
HP recognized by CDP as climate change leader
HP's efforts to reduce carbon emissions and mitigate the business risks of climate change have once again been recognized by CDP, an international, not-for-profit organization that provides the only global system for companies and cities to measure, disclose, manage and share vital environmental information.
In the CDP S&P 500 Climate Change Report 2014, released today, HP received the highest possible disclosure score, 100 out of 100 points. This resulted in HP's placement on the Climate Disclosure Leadership Index, which spotlights companies that have demonstrated the highest level of transparency and data quality in their disclosure of climate-related information.
In addition, HP was one of 34 S&P 500 companies featured on this year's CDP Climate Performance Leadership Index (CPLI), which highlights companies that have demonstrated a commitment to managing climate change by integrating it into their business strategy and taking actionable steps to mitigate climate-related risk. HP was placed in the highest performance band of "A" for its climate performance assessment.
More information about HP's carbon reduction goals and other sustainability efforts are available on the Living Progress website at www.hp.com/go/livingprogress.
More from MBTMag.com
U.S. Cracks Down On Companies Moving Overseas
GM Moving Cadillac HQ To New York City
P&G Selling Rest Of Pet Care Business To Spectrum