HP Inc (ex Hewlett-Packard)

"HP Inc, formerly known as Hewlett-Packard, has set a net zero target to achieve greenhouse gas (GHG) emissions neutrality across its value chain by 2040. Net Zero Tracker
This begins with its Supplies business achieving carbon neutrality by 2030. Net Zero Tracker
An interesting aspect of their environmental policy is their commitment to counteract deforestation for non-HP paper used in their products and print services by 2030. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

44.8 pts (14.3)

Last Update: Dec. 12, 2023

Current Rankings

Global: #88

S&P500: #66

Information Technology: #14

33.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

37.1%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

66.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 48,70038,00656,577
Scope 2 - location-based 198,200304,612334,317
Scope 2 - market-based 110,800155,742194,079
Scope 1-2 - location-based 246,900342,618390,894
Scope 1-2 - market-based 159,500 193,748 250,656
Scope 3 32,760,0009,320,4700
Total - location-based 33,006,9009,663,088390,894
Total - market-based 32,819,500 9,427,302 250,656

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 2,131,11132,819,500
Methodology Pre-calculated sector intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

HP Inc (ex Hewlett-Packard) belongs to the sector Information Technology.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 15.0 2016 2025
S1S2MKT 55.00000000000001 2016 2025
S1S2MKT 65.0 2015 2025
S3 50.0 2021 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/12/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 Targets Set : 1.5°C by FY2040 Yes by FY2040
HP Inc (ex Hewlett-Packard) is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target: HP Inc. commits to reach net-zero greenhouse gas emissions across the value chain by FY2040. Near-Term Targets: HP Inc. commits to reduce absolute scope 1, 2 and 3 GHG emissions 50% by FY2030 from a FY2019 base year. Long-Term Targets: HP Inc. commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY2040 from a FY2019 base year.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 10.0 10.0 0.0
Transparency 10.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 1.8369905956112902 10.0 1.8
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 14.83699059561129 40.0 1.8
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 10.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 20.0 30.0 12.5
Total 44.8 100.0 14.3


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 0.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 0.0 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A 10.0 / 10.0 10.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 1.8
1.8 / 5.0 0.0 1.8 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 30.6
Actual (in %): 51.4
5.0 / 5.0 0.0 5.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 1.8
Actual (in %): 17.7
5.0 / 5.0 0.0 5.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 0.0
Total 44.8 / 100.0 30.5 14.3 12.0


Available Data Sources

Reporting Year 2021 2020 2020 2019 2019 2019 2018
Source NZPDU CDP NZPDU CDP CDP NZPDU NZPDU
Publication Year 2022 2021 2021 2021 2020 2020 2019
Scope 1 48,700 38,006 50,600 56,577 57,509 61,900 65,900
Scope 2 - location-based 198,200 304,612 203,600 334,317 313,002 226,400 252,300
Scope 2 - market-based 110,800 155,742 120,400 194,079 177,018 153,900 163,700
Scope 1-2 - location-based 246,900 342,618 254,200 390,894 370,511 288,300 318,200
Scope 1-2 - market-based 159,500 193,748 171,000 250,656 234,527 215,800 229,600
Scope 3 32,760,000 9,320,470 33,750,000 0 8,059,797 35,530,000 48,850,000
Total - location-based 33,006,900 9,663,088 34,004,200 390,894 8,430,308 35,818,300 49,168,200
Total - market-based 32,819,500 9,427,302 33,821,000 250,656 8,198,209 35,645,800 48,979,600

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Library

Sustainability Reports

There is no document available yet

GHG DATA

Disclosures - Verification

Targets reporting

Targets_2025

Targets_2030



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