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HP Recognized as World Leader for Corporate Action on Climate Change

HP Recognized as World Leader for Corporate Action on Climate Change

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HP has been identified as a global leader for the actions and strategies it is taking to manage carbon and address climate change across its supply chain by CDP, the international not-for-profit that drives sustainable economies, which named HP to its supplier engagement leader board and Supplier Climate A List.1

HP was one of only 29 global companies out of more than 3,300 assessed by CDP to earn a position on the inaugural supplier engagement leader board, which highlights the leading practices of companies working directly with their suppliers to reduce emissions and lower climate-related risks in the supply chain in the past reporting year.

In addition, HP was one of 112 companies to make the CDP Supplier Climate A List, which recognizes companies for their climate strategy, reporting, and actions to create a low-carbon economy. The rankings were developed from information provided by more than 4,300 companies that was independently assessed against CDP’s scoring methodology. The ranking was produced at the request of 89 purchasing organizations with a combined spend of $2.7 trillion.

“We are proud to be recognized by CDP for our ongoing efforts to reduce our supply chain emissions and address the impact of climate change across our supply chain,” said Stuart Pann, HP Chief Supply Chain Officer. “This recognition reflects the commitment of our employees and partners to work together to create a more resilient supply chain and sustainable business.”

The CDP rankings recognize HP’s leadership efforts to help create a low-carbon economy. These efforts include setting and achieving an industry-first goal to reduce the greenhouse gas (GHG) emissions intensity of its first-tier manufacturing and product transportation in the supply chain, incenting suppliers to set and achieve their own GHG emissions-reduction goals, and engaging with suppliers on programs designed to promote energy efficiency improvements and reduce GHG emissions.

In speaking about the supplier engagement leader board, Dexter Galvin, Head of Supply Chain, CDP, stated, “We congratulate the 29 leading companies that are using their buying clout to drive change across their supply chains. Companies have a critical role to play in delivering on the Paris Agreement, and as well as setting their own house in order, it is essential they turn their attention to the risks and opportunities outsourced to their supply chain. By harnessing their purchasing power, big buyers have the potential to deliver the large-scale, rapid change that is needed and lead the way towards our sustainable future.”

HP’s leadership is featured in CDP’s new report, called Missing link: Harnessing the power of purchasing for a sustainable future, which was produced by CDP in partnership with BSR and the Carbon Trust. The report reveals that the world’s largest purchasing organizations are using their buying clout to drive down emissions across their supply chains, with 434 million tonnes of CO2 reductions—equivalent to more than France’s annual GHG emissions—reported by suppliers worldwide in 2016.

CDP also recently named HP to its investor-requested 2016 “Climate A List,” which recognizes top-performing companies who are taking action to reduce emissions and mitigate climate change, and the inaugural “Forest A List,” which honors companies for their deforestation management efforts.

Source:hp
Anand Gupta Editor - EQ Int'l Media Network

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