HP recognized as one of
world’s greenest companies
HP’s commitment to the environment has been a core value of our company since its inception. This commitment helped us earn one of the top spots on NEWSWEEK magazine’s 2010 Green Rankings*. This is the second year in a row that we have ranked near the top of this list.
In the ranking, NEWSWEEK recognized our longstanding commitment to improve society and sustainability through the use of technology. That commitment includes our strategic, global efforts to drive sustainability across our own supply chain and throughout our customers’ operations.
Among the initiatives highlighted by NEWSWEEK were programs designed to reduce greenhouse gas emissions and improve the energy efficiency of our products. As noted by NEWSWEEK, in 2008 HP became the first major technology company to report greenhouse gases associated with our supply chain.
We’ve also made continuous efforts to lower the energy use of our products in order to reduce the impact our company, partners and customers have on the environment. For example, we estimate that if all the printers, PCs and servers shipped in 2005 globally were recycled and replaced with new HP energy-efficient models, customers could save more than $10.4 billion in energy costs and avoid the release of more than 40 million metric tons of CO2 in the first year. That's equivalent to shutting down 10 coal plants for an entire year.
Building a “green score”
Companies were ranked based on their overall “green score.” These scores were derived from research and analysis provided by three independent research firms in the following areas:
- Environmental impact—Assessment of environmental impact and worldwide footprint
- Green policies—Evaluation of environmental reporting, policies, programs and initiatives
- Reputational survey—Opinion survey of corporate social responsibility professionals, academics and other environmental experts who subscribe to CorporateRegister.com, plus CEOs from all companies in the NEWSWEEK U.S. 500 and Global 100 lists
For more information, see the NEWSWEEK Green Rankings site .
* From Newsweek, October 25, 2010 © 2010 Harman Newsweek LLC. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of the Material without express written permission is prohibited.