With At Least $3.5 Billion in Realised Revenue, HP has a Big Sustainability Hit
Customers, employees, and investors are increasingly favouring businesses that adhere to environmental, social, and governance (ESG) guidelines. HP, the Silicon Valley giant, officially revealed how much it contributes to the company's bottom line, and it's a lot. The IT company said its sustainable impact efforts resulted in $3.5 billion in commercial sales in 2021.
HP highlighted accomplishments on product and packaging circularity, forest conservation and net-zero goals, and work on human rights and diversity in its annual sustainability impact report.
In 2021, after setting a goal to become the "most sustainable and just" digital business, its products and packaging were 39 per cent circular, meaning they were made from recycled and renewable resources and reused items and parts.
It has set a goal of achieving 75% circularity by 2030. Apple, on the other hand, claims that 12% of the material used in their devices is recyclable and that "almost 20% of all material used in Apple goods in 2021 was recycled."
Chief Impact Officer Ellen Jackowski said: "We're working on adding systems, metrics, and processes to be able to have that broader calculation, so this is only a small slice of what we know to be the case."