Technology company HP Inc. says it is bolstering its longtime commitment to sustainability by pledging to achieve 100% renewable electricity usage in its global operations.
As part of this goal, HP is joining RE100, a worldwide initiative of big-name businesses committed to 100% renewables. 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.
As an important step to achieving the goal, HP plans to reach the 40% renewables mark by 2020 in its global operations. The company is applying a three-phase strategy to reach its ultimate 100% target:
- Aggressively reduce energy consumption by optimizing operations/building efficiency and implementing new efficiency projects;
- Increase the use of on-site renewable power; and
- Acquire or generate off-site renewable power to offset brown power emissions, including the use of renewable energy credits and power purchase agreements.
“Joining RE100 represents a significant milestone for our company as we continue to move toward a business that is powered entirely by renewable electricity,” says Nate Hurst, HP’s chief sustainability and 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.”