HP announced the release of its annual Sustainable Impact Report, highlighting progress toward its goal of creating a more sustainable and just technology industry.
As part of its Sustainable Impact strategy, HP Inc. announced an ambitious goal to accelerate digital equity for 150 million people by 2030. To help achieve its objective, the company announced the launch of HP PATH (Partnership and Technology for Humanity), an innovative accelerator program that will invest in local initiatives and partnerships to address challenges in underserved communities around the world focused on education, healthcare and the creation of economic opportunities.
The announcement coincides with the milestone publication of HP’s 20th annual Sustainable Impact Report that highlights the progress the company is making across its core pillars of Climate Action, Human Rights and Digital Equity. It follows recent actions the company has taken to accelerate progress, including some of the industry’s most comprehensive climate action goals, as well as aggressive steps to drive diversity, equity and inclusion and respect human rights across its ecosystem.
“Our Sustainable Impact strategy is helping to strengthen our communities while spurring innovation and growth across our business. Creating technology that inspires progress has always been one of HP’s greatest strengths, and we continue to hold ourselves accountable for achieving the goals we have set,” said Enrique Lores, President and CEO, HP Inc.
“As digital technology transforms seemingly every aspect of our lives, there’s a real danger of more and more people getting left behind. We cannot allow that to happen, and HP will work to break down the digital divide that prevents too many from accessing the education, jobs, and healthcare they need to thrive.” Lores continued.
HP’s Partnership and Technology for Humanity accelerator will pave the way for digital equity in underserved communities around the world, through partnerships, activation, innovation, collaborations, and direct communication with local leaders.
PATH’s initial phase will be centered on convening conversations to engage, listen and learn from communities around the world to better understand the root-cause issues and what resources and support are needed to create change together. From there, it will influence HP’s product innovation, partnerships, and acceleration of solutions that will drive impact. As part of this flagship accelerator, HP will also activate a fund that offers bundled, custom solutions. HP said it will continue to develop transformative innovation in HP products and services that accelerate digital equity while focusing on the company’s goal to drive better learning outcomes for 100 million people by 2025.
HP’s Sustainable Impact is integral to helping the company become the world’s most sustainable and just technology company. This work is essential for the sustainability of the planet and society, and it is an increasingly important driver of customer purchasing decisions, helping win more than $1 billion (€820 million) in sales in 2020—for the second consecutive year.
HP has remained steadfast in its commitment to accountability and transparency since the company published its first environmental and social impact report in 2001.
This week HP also announced the release of its Sustainable Bond Framework to help inform and guide investments in projects that it believes will help meet its goals and achieve a more sustainable and just future. In addition, it announced the pricing of $1 billion (€820 million) of its inaugural sustainability notes. As part of the $2 billion (€1.64 billion) overall debt offering, these bonds are designed to empower investors to join HP in tackling important economic, social and sustainability issues.
HP recognises meeting ambitious 2030 goals will require support from employees, suppliers, vendors and partners. That is why HP mobilised an expansive network to extend its Sustainable Impact strategy, empowering HP’s employees to set their own Sustainable Impact goals, and established, what it calls a “first-of-its-kind”, HP Amplify Impact partner programme that enables partners to drive meaningful change across the global IT industry.
