In pursuit of business resilience, HP has a long record of climate action. We are proud that, since 2019, we have reduced our total carbon footprint by over 28%. In 2008, we became the first global IT company to publish a full carbon footprint covering our entire global value chain—and we continue to disclose extensive information about our impacts. We continually measure and manage our environmental footprint, including emissions from operations, product manufacturing and distribution, and the use of our products by millions of customers worldwide.
A key part of our climate strategy is our path to net zero through science-based targets. Science-based targets provide a vital framework to guide our emissions reduction efforts, ensuring our approach aligns with climate science to achieve meaningful and measurable progress. In 2024, we secured validation of our long-term target through the Science Based Targets initiative (SBTi), building on our existing validated near-term and overall net zero targets. This milestone reaffirms our commitment to climate action and our ambition to help limit global warming to 1.5°C:
- Near-term target: Reduce absolute Scope 1, 2, and 3 GHG emissions 50% by FY30 from the FY19 base year
- Long-term target: Reduce absolute Scope 1, 2, and 3 GHG emissions 90% by FY40 from the FY19 base year and reach net zero GHG emissions across the value chain by FY40.
Based on our emissions reduction performance and trajectory, we continue to drive progress towards achieving our near-term target by 2030.
The management of climate-related risks and opportunities is of growing importance to HP and our stakeholders, including governments. For more information on our enterprise-wide statement on the management of climate-related risks and opportunities for 2025, see our Non Financial and Sustainability Information Statement in the Strategic Report for HP Inc. UK Ltd.
For further information, please see the 2025 HP Sustainability Progress Report at: www.hp.com/go/report.