Joins RE100 Global Initiative to Accelerate the Transformation of the Global Energy Market
PALO ALTO, CA–(Marketwired – Mar 30, 2016) – HP Inc. (NYSE: HPQ) today bolstered its longtime commitment to sustainability by pledging to achieve 100 percent renewable electricity usage in global operations. As part of this goal, HP is joining RE100, a global initiative of top businesses committed to 100 percent renewable electricity. Led by The Climate Group in partnership with CDP, RE100 works with companies like HP to help businesses transition to renewable energy sources and accelerate the transformation of the global energy market to a low carbon economy.
As an important step to achieving this ambitious goal, HP plans to reach the 40 percent renewable electricity mark by 2020 in its global operations. This new goal reinforces HP’s dedication to integrating sustainability into its core business strategy.
"Joining RE100 represents a significant milestone for our company as we continue to move toward a business that is powered entirely by renewable electricity," said Nate Hurst, HP’s Chief Sustainability & Social Impact Officer. "As we continue to reinvent a more sustainable business and society, both cost-effective and low carbon sources of energy are essential to the future and the growth of HP’s business. This commitment is guided by our belief in a world where technology and sustainability can combine to become a powerful force for innovation, helping reinvent how businesses, communities, and individuals can thrive."
"We’ve worked closely with HP and the company’s dedication to building sustainability into the business is clear," said Amy Davidsen, Executive Director, North America at The Climate Group. "We welcome HP’s leadership following the Conference of Parties on the UN Climate Change negotiations and its dedication toward driving forward the clean revolution."
HP Inc. is applying a three-phase strategy to reach this goal:
1. Aggressively reduce energy consumption by optimizing operations/building efficiency and implementing new efficiency projects.
2. Increase the use of on-site renewable power.
3. Acquire or generate off-site renewable power to offset brown power emissions, including the use of renewable energy credits (RECs) and power purchase agreements (PPAs).
HP was one of the first technology companies to measure and publish its complete carbon footprint, and set carbon reduction goals across its entire value chain including its operations, products and supply chain. For more information, please visit www.hp.com/sustainability.