In advance of the 26th UN Climate Change Conference of the Parties (COP26), HP Inc. announced an $80 million (€69 million) partnership expansion with World Wildlife Fund (WWF) to further its commitment to forest conservation as part of HP’s climate action strategy.
By doing so, HP raises the bar for corporate leadership on nature-based solutions as the first company to pilot science-based targets for forests with WWF and becomes WWF’s largest U.S. corporate partner to-date.
While HP already maintains zero-deforestation status for its HP paper and paper-based packaging, this collaboration will support HP’s growing series of commitments to forest conservation around the world. It will also enable HP to make progress on its goal to counterbalance forest resources attributable to non-HP paper used in its products and print services by 2030.
“At HP, we understand this decade is critical for addressing climate change. Given the impact forests have on the air we breathe, habitats for wildlife, and the livelihoods of communities around the world, they are critical for human survival as well as material to our business,” said James McCall, Chief Sustainability Officer, HP Inc. “This partnership is designed to help counterbalance every page printed on an HP printer by regenerating critical forest ecosystems globally. Forest positive printing has the potential to ensure a better future for everyone, everywhere.”
HP first announced its Forest Positive vision for print in 2019, pledging to “give back to the forest more than it takes.” To realise its Forest Positive vision, HP and its partners are working together to conserve vital forest ecosystems.
“To truly solve the dual climate and nature crises, we need companies to go even further than their immediate supply chains,” said Carter Roberts, President & CEO of WWF. “Solving these problems means taking responsibility for emissions and environmental impacts from the entire life cycle of a company’s products. By pledging to address forest resources used for paper outside its supply chain, HP is accelerating ambition for corporate climate and nature commitments. And by helping us pioneer the development of science-based targets for forests, HP is building a road map for others to follow.”
This expanded $80 million (€69 million) partnership with WWF will address 17 million metric tons of paper used in both consumer and commercial HP printers over 10 years. That is equivalent to sustainably managing, restoring and protecting nearly 1 million acres (384,000 hectares) of forest.
By regenerating forest health at a scale that considers not just HP brand paper but the total amount of paper run through its printers, HP is making a bold commitment to protect nature as one of the first technology companies to consider its broader downstream environmental impact in addition to its carbon emissions from its own operations and value chain.
As part of this partnership expansion, WWF is also joining HP’s Sustainable Forest Collaborative, a cross-industry collaboration to demonstrate scientific and commercially viable approaches to keep working forest ecosystems healthy.
