HP sustainability score: 43/100

HP reported FY2024 Scope 1 and 2 combined emissions of 127,600 tonnes CO₂e (market-based), a 13% decrease year-on-year and 41% below 2019 baseline. Third-party assurance confirmed on global Scope 1, 2, and Scope 3. Granular breakdown by fleet, facility type, and region across 196 sites in 55 countries tracked since 2015.

HP's FY2024 value chain footprint is 17,757,000 tonnes CO₂e, with 72% in supply chain. Requests environmental data from 98% of production suppliers via CDP Supply Chain membership; recognized as CDP Supplier Engagement Leader. However, supplier manufacturing emissions rose 21% in 2022 vs 2021, showing limited actual control over supply chain decarbonization.

Total absolute footprint fell from 24.3M tonnes (2019) to 17,757,000 tonnes (FY2024), a 27% reduction. Scope 1+2 down 41%, product use down 46%. Genuine absolute reductions, not intensity gains. FY2023 was 19.76M tonnes, confirming year-on-year decline. But 2030 target of 50% requires faster pace—only 27% achieved with six years remaining.

HP achieved 62% renewable electricity globally in 2024, up from 59%, with 100% renewable in US operations. RE100 member. However, 91% of renewable electricity comes from unbundled RECs, GOs, and I-RECs with limited additionality; only 6% from green contracts and 3% from on-site/PPAs. Total energy consumption: 682,398 MWh, down 6% year-on-year.

HP expanded $80M WWF partnership for forest conservation across Brazil, Peru, Australia, and China covering 500,000+ acres. First to pilot science-based forest targets with WWF. Maintains zero-deforestation for HP-brand paper and packaging. Sources FSC-certified fiber, participates in Sustainable Forest Collaborative, scored CDP Forests 'A' list. Hardware supply chain mineral/nature risks remain unquantified.

HP incorporated 4 billion pounds of reused, recycled, or renewable materials since 2019. Product and packaging circularity at 43% against 75% target by 2030. Planet Partners cartridge recycling active globally; 85% of collected devices reconditioned for reuse. 87% landfill diversion in 2023. Core business model remains linear; significant 2030 circularity gap persists.

HP withdrew 2,250,000 cubic metres in FY2024 operations, up 0.7% due to Malaysia leak. Potable water withdrawal down 38% vs 2015, surpassing 35% reduction target for third year. Recycled 247,000 m³ globally. Full value-chain water footprint published; 98% of production suppliers by spend provide water data. CDP Water Security 'A' list. Product use phase dominates footprint.

Near-term, long-term, and net-zero targets validated by SBTi (November 2024). Long-term target: 90% absolute Scope 1, 2, 3 reduction by 2040 from 2019 baseline—among most ambitious in tech. Scope 1+2 near-term aligned to 1.5°C. Limited carbon credits (24,053t for HP Indigo division only). Reduction-first approach.

HP publishes 24th annual Sustainable Impact Report aligned with GRI, ISSB/IFRS, TCFD. Third-party assurance on Scope 1, 2, and 3 emissions. Dedicated Chief Sustainability Officer (Jen Huffstetler, November 2024). Quarterly NGSRC board committee oversight. First IT company to publish full carbon footprint. EcoVadis Platinum 15 consecutive years. No confirmed executive compensation linkage to sustainability KPIs.

IITC filed 2023 Global Electronics Council complaint alleging HP greenwashing: Dynamic Security firmware prevents third-party cartridge use, contradicting EPEAT circularity criteria. Limited direct climate policy lobbying per InfluenceMap. Member of Business Roundtable (mixed climate stance) and Keidanren (obstructs Japanese climate policy). Advocates for carbon pricing and mandatory disclosure. No major regulatory fines identified.