HP Announces Supply Chain Greenhouse Gas (GHG) Emissions Reduction Goal
23 September 2013 - 4:15PM
Marketwired
As part of an ongoing effort to improve its product manufacturing
and supply chain operations, HP (NYSE: HPQ) today announced a
greenhouse gas (GHG) emissions reduction goal for its first-tier
manufacturing and product-transportation supply chain partners.
HP's goal, a first for the information technology (IT) industry,
is to drive a 20 percent decrease in its first-tier manufacturing
and product transportation-related GHG emissions intensity(1) by
2020, compared to 2010.
"HP has one of the largest supply chains in the industry. It's
imperative to manage it not just efficiently, but also ethically
and in an environmentally sustainable way," said Tony Prophet,
senior vice president, Operations, Printing and Personal Systems,
HP. "We understand the importance of reducing our carbon footprint,
promoting sustainability throughout the IT supply chain and driving
innovation that creates a better world and brighter future."
Developed in consultation with the World Wildlife Fund's (WWF)
Climate Savers Program, the GHG emissions-reduction goal will be
driven through a variety of HP-led activities, including:
- Business incentives for suppliers to set and achieve tangible
GHG emissions-reduction goals.
- By 2020, direct prevention of 2 million metric tons of GHG
emissions across HP's multitier supply chain, cumulatively, through
specific supplier environmental improvement projects, including:
- Expanding HP's Energy Efficiency Program (EEP) for
manufacturing suppliers;
- Instituting specific emissions reduction initiatives with
suppliers with GHG intensive operations, e.g., LCD panel
manufacturing; and
- Creating product transportation-related efficiency
initiatives.
- Public reporting through the company's Global Citizenship
Report (GCR) on supply-chain GHG emissions to create awareness
among HP's supply base and demonstrate progress.
"This is a significant commitment that will have a measurable
impact on HP value chain emissions, furthering WWF's objective of
overall climate protection," said Matthew Banks, senior program
manager, Business and Industry, World Wildlife Fund. "We hope
others follow the lead of HP in realizing the cost and emissions
savings for their suppliers. HP and the other 29 WWF Climate Savers
partners have the potential to make immense impact in innovating
our way through the planet's climate challenges."
HP's GHG emissions reduction goal for supply-chain partners is
the latest in a series of successful initiatives by HP's supply
chain Social and Environmental Responsibility (SER) program. For
example, in 2008, HP became the first major IT company to measure
and publish aggregated supply chain GHG emissions. Since 2008, HP
also has implemented projects that cut emissions from product
transport collectively by 190,000 metric tons CO2 equivalents.
Today, the CDP, an international, nonprofit organization that
provides a global system for companies to measure, disclose, manage
and share vital environmental information, released its CDP S&P
500 Climate Change Report 2013, awarding HP 99 out of a possible
100 points for its CDP Disclosure Score and rating HP in its
highest performance band, CDP Performance Band A. The CDP
Disclosure Score is based on how well a company tells its climate
story, and the performance band indicates how fully a company has
integrated a climate change strategy to drive significant
reductions in emissions.
"To accelerate our transition to a low carbon economy driven by
innovation, we need businesses to set bold targets that translate
into action," said Mark Kenber, chief executive officer, The
Climate Group. "The Climate Group's SMART2020 report was the first
to demonstrate the vast potential the ICT sector has in cutting
global emissions by 2020. HP's commitment capitalizes on that
potential and is the mark of true low carbon leadership in action.
We need to see more companies in the ICT sector following HP's
lead."
More information about HP's supply chain environmental
sustainability program is available at
http://h20195.www2.hp.com/V2/GetPDF.aspx/c03742920.pdf.
About HP HP creates new possibilities for
technology to have a meaningful impact on people, businesses,
governments and society. With the broadest technology portfolio
spanning printing, personal systems, software, services and IT
infrastructure, HP delivers solutions for customers' most complex
challenges in every region of the world. More information about HP
is available at http://www.hp.com.
(1) HP calculates intensity as its suppliers' GHG emissions
divided by HP's annual revenue. This method normalizes performance
based on business productivity.
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If such risks or
uncertainties materialize or such assumptions prove incorrect, the
results of HP and its consolidated subsidiaries could differ
materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements, including but not limited to statements of the plans,
strategies and objectives of management for future operations; any
statements concerning expected development, performance, market
share or competitive performance relating to products and services;
any statements regarding anticipated operational and financial
results; any statements of expectation or belief; and any
statements of assumptions underlying any of the foregoing. Risks,
uncertainties and assumptions include the need to address the many
challenges facing HP's businesses; the competitive pressures faced
by HP's businesses; risks associated with executing HP's strategy;
the impact of macroeconomic and geopolitical trends and events; the
need to manage third party suppliers and the distribution of HP's
products and services effectively; the protection of HP's
intellectual property assets, including intellectual property
licensed from third parties; risks associated with HP's
international operations; the development and transition of new
products and services and the enhancement of existing products and
services to meet customer needs and respond to emerging
technological trends; the execution and performance of contracts by
HP and its suppliers, customers and partners; the hiring and
retention of key employees; integration and other risks associated
with business combination and investment transactions; the
execution, timing and results of restructuring plans, including
estimates and assumptions related to the cost and the anticipated
benefits of implementing those plans; the resolution of pending
investigations, claims and disputes; and other risks that are
described in HP's Quarterly Report on Form 10-Q for the fiscal
quarter ended April 30, 2013 and HP's other filings with the
Securities and Exchange Commission, including HP's Annual Report on
Form 10-K for the fiscal year ended October 31, 2012. HP assumes no
obligation and does not intend to update these forward-looking
statements.
© 2013 Hewlett-Packard Development Company, L.P. The information
contained herein is subject to change without notice. HP shall not
be liable for technical or editorial errors or omissions contained
herein.
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