HP Inc. has joined global initiative RE100 as part of a pledge to achieve 100 percent renewable electricity usage in global operations and has set a goal of reaching 40 percent by 2020.
Led by The Climate Group in partnership with CDP, RE100 works with companies like HP to help businesses transition to renewable energy sources and accelerate the transformation of the global energy market to a low carbon economy.
Nate Hurst, HP's Chief Sustainability & Social Impact Officer said, "joining RE100 represents a significant milestone for our company as we continue to move toward a business that is powered entirely by renewable electricity. As we continue to reinvent a more sustainable business and society, both cost-effective and low carbon sources of energy are essential to the future and the growth of HP's business.”
HP Inc. is applying a three-phase strategy to reach this goal:
1. Reduce energy consumption by optimising operations/building efficiency and implementing new efficiency projects.
2. Increase the use of on-site renewable power.
3. Acquire or generate off-site renewable power to offset brown power emissions, including the use of renewable energy credits (RECs) and power purchase agreements (PPAs).
HP was one of the first technology companies to measure and publish its complete carbon footprint, and set carbon reduction goals. This new goal reinforces HP's dedication to integrating sustainability into its core business strategy.