HP joins RE100 with a global commitment to using 100% renewable electricity

30 March 2016

LONDON: A global leader in printing and personal systems, HP Inc. has joined RE100 to transition to 100% renewable electricity, demonstrating its commitment to integrating sustainability into its core business strategy.

The RE100 campaign, convened by The Climate Group in partnership with CDPis a global, collaborative initiative of influential businesses committed to 100% renewable electricity, working to massively increase corporate demand for – and delivery of – renewable energy

Currently sourcing around 13% of its global electricity use from renewable sources, HP has set an interim goal of sourcing 40% renewables by 2020, with the aim of going ‘100% renewable’ in the future.

“Joining RE100 represents a significant milestone for our company as we continue to move toward a business that is powered entirely by renewable electricity,” said Nate Hurst, HP’s Chief Sustainability & Social Impact Officer.

“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. This commitment is guided by our belief in a world where technology and sustainability can combine to become a powerful force for innovation, helping reinvent how businesses, communities, and individuals can thrive.”

HP’s approach to reaching 100% renewables will be threefold: aggressively reducing energy consumption by increasing energy efficiency; increasing the use of on-site renewable energy generation, and using Power Purchase Agreements (PPAs) to offset any fossil fuel emissions.

In the US, Hewlett Packard Company signed a 12-year virtual PPA in 2015 for 112 MW of wind power to power its Texas data centers.

The company will also focus on increasing capacity and developing opportunities for renewables in countries which currently have little or no feasible options. By joining other world-leading businesses in the RE100 campaign, HP is adding to rapidly growing business demand for renewable power – sending a crucial market signal that will give utility companies the confidence to supply.

Amy Davidsen, Executive Director, North America at The Climate Group said: “We’ve worked closely with HP and the company’s dedication to building sustainability into the business is clear. We welcome HP’s leadership following the COP21 climate change negotiations and its commitment toward driving forward the clean revolution – benefiting both the environment and the economy."

HP was one of the first technology companies to measure and publish its complete carbon footprint, and set carbon reduction goals across its entire value chain including its operations, products and supply chain.

by Marie Reynolds

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