HP Inc.
HPQ.US | Manufacture of computers and peripheral equipment
HP Inc. is a global technology company that primarily focuses on personal computing and printing solutions. The company operates through two main segments: Personal Systems and Printing. The Personal Systems segment offers commercial and consumer desktops and laptops, workstations, thin clients, tab...Show More
Better Health for All
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HP Inc. has leveraged its 3D printing technology for various health-related applications. In December 2024, HP partnered with the CDC to develop new antibiotics using its BioPrinter to combat antimicrobial-resistant bacteria
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. Its Multi Jet Fusion (MJF) 3D printing technology has been instrumental in producing customized medical devices, including redesigned in-vitro diagnostic instruments, leading to lighter, less expensive devices and improved healthcare efficiency
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. Collaborations with ActivArmor and ProsFit have enabled personalized orthotic devices and prosthetic limb sockets, enhancing patient comfort
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. HP also partnered with Varian and Adaptiiv in 2022 to develop patient-specific boluses for improved cancer radiation therapy
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. During the COVID-19 pandemic, HP and its partners produced over 150,000 critical medical supplies, such as face shields, masks, and respirator parts, addressing shortages
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. In May 2016, HP partnered with Johnson & Johnson for personalized healthcare solutions using 3D printing
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.
Fair Money & Economic Opportunity
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HP Inc. is primarily a technology company and does not operate as a financial institution offering consumer lending, deposit services, or other core financial products. While the company provides financing options for its own products to small and medium businesses (SMBs) with rates as low as 2.99%
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, the provided articles do not offer data on the share of a loan book or other metrics required by the rubric's KPIs, which are largely focused on consumer financial services. HP engages in digital equity programs, reaching millions with technology access and digital literacy
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, and has a supplier diversity program
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, but these activities do not align with the specific definitions of financial services or community finance reinvestment as outlined in the KPIs. Financial literacy initiatives mentioned are for HP employees, not customers. There is no evidence of revenue from high-cost financial products, customer financial data management, or fair lending compliance issues as a lender.
Fair Pay & Worker Respect
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HP Inc.'s CEO to median employee pay ratio was 278:1 for fiscal year 2024.
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Fair Trade & Ethical Sourcing
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The provided article highlights HP Inc.'s commitment to ethical sourcing, public availability of its Supplier Code of Conduct, and recognition for forced labor disclosure (ranked second by KnowTheChain in 2020).
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It also notes that HP reached 349,000 workers through empowerment programs by 2021
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, towards a goal of one million by 2030
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. However, the article does not provide specific quantitative data points for any of the defined KPIs, such as percentages of fair-trade certified spend, audit frequencies, number of forced/child labor incidents, traceability coverage, remediation speed, ethical clause coverage percentage, materials risk index, or supplier diversity spend.
Honest & Fair Business
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HP maintains a zero-tolerance anti-corruption policy, requiring employees, partners, and suppliers to adhere to anti-corruption laws, including the U.S. FCPA and UK Bribery Act.
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The company assesses corruption-related risks, conducts due diligence on third parties, and has provided anti-corruption training to over 27,000 employees worldwide, including specific training for U.S. government business.
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However, in 2014, HP's subsidiaries were fined over $108 million for bribery schemes involving officials in Russia, Poland, and Mexico.
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The SEC also previously fined HP $6 million for not disclosing sales practices between 2015 and 2016 that violated company policy.
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More recently, in 2023 and 2024, HP faced class action lawsuits and investigations concerning alleged anticompetitive practices related to printer ink and functionality
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, as well as an age discrimination lawsuit.
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HP was named one of the World's Most Ethical Companies in 2023, marking its fourth inclusion on the list.
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Kind to Animals
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No evidence available to assess HP Inc on Kind to Animals.
No War, No Weapons
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HP Inc. developed surveillance systems that have been linked to political repression concerns in China, indicating opaque involvement and a lack of public disclosures regarding such activities.
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The company also has current military contracts, including a $1.38 billion deal with the U.S. Navy and Marine Corps for computers and related hardware, and an ongoing contract with the U.S. Army for desktops, notebooks, and monitors.
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Historically, HP also supplied printers and services to the U.S. Air Force.
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However, the company's products involved in these contracts, such as computers, printers, and surveillance systems, are not classified as controversial or banned weapons.
Planet-Friendly Business
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HP reported total Scope 1, 2, and 3 greenhouse gas emissions of 19,764,400 tonnes of CO₂e in 2023.
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The company has committed to achieving net-zero GHG emissions across its value chain by 2040.
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,
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with an interim target of a 50% reduction by 2030 from a 2019 baseline.
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,
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In 2023, HP achieved a 27% reduction in value chain GHG emissions from its 2019 baseline.
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,
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For its operations, 59% of global electricity consumption was sourced from renewable energy in 2023.
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,
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HP incorporated 34,400 tonnes of post-consumer recycled plastic into its products in 2023, representing 18% of its total plastic usage.
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Regarding its supply chain, 43% of production suppliers by spend participated in the Science Based Targets initiative in 2023, with 23% having validated targets.
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Respect for Cultures & Communities
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HP has engaged in at least 15 formal partnerships or collaborations with indigenous or local community groups and supporting organizations. These include facilitating the Picuris Pueblo nation to 3D scan and repatriate cultural heirlooms in November 2022
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, supporting Indigenous schools in Canada through Chapter One via its Digital Equity Accelerator
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, and collaborating with the Aspen Institute and seven NGOs (e.g., eSTEM Morocco) for the Digital Equity Accelerator
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. HP has also established partnerships with Historically Black Colleges and Universities (HBCUs)
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, provided a $10,000 HP Foundation grant for the 'Native Voices in Idaho' project in 2021
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, and launched digital learning partnerships with organizations like TIME for Kids, NASA, and Britannica in 2020
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. No cultural appropriation incidents have been reported. The company's technology facilitated the Picuris Pueblo nation in New Mexico to 3D scan and repatriate long-displaced cultural heirlooms in November 2022
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, demonstrating active measures to preserve cultural heritage, with no reported incidents of disruption to cultural or heritage sites. Free, Prior and Informed Consent (FPIC) processes are not applicable to HP's operations. HP's website is available in multiple languages
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, indicating basic language inclusivity.
Safe & Smart Tech
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HP Inc. demonstrates a strong commitment to ethical AI and privacy by design. The company has established an AI Standards and Policy Management Committee and an AI Ethics Advisory Board/Responsibility Committee to oversee its AI Ethical Principles, providing AI ethics training
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. Its Z by HP AI Studio includes built-in generative AI trust frameworks to detect and correct biases in large language models
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, and HP emphasizes diverse and inclusive data sets in AI training to prevent bias
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. Furthermore, HP established a Privacy Engineering Center of Excellence to integrate privacy requirements into product design and empower engineers to create transparent user privacy experiences
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. There are no documented incidents of unauthorized data use.
Zero Waste & Sustainable Products
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HP Inc. achieved a 64% reduction in single-use plastic packaging by 2023, decreasing the average from 221 grams per unit in 2018 to 85 grams per unit.
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The company has set targets to eliminate 75% of single-use plastic packaging by 2025
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and achieve 75% circularity for products and packaging by 2030.
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In 2023, HP reached 40% circularity by weight.
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In 2023, HP incorporated 34,400 tonnes of post-consumer recycled plastic into products
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, with 15% post-consumer recycled content plastic achieved in 2022.
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Over 95% of new printers, laptops, notebooks, displays, and workstations included recycled materials in 2022.
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Waste reduction initiatives include recycling 879,100 tonnes of hardware and supplies since 2016
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, and over 1 billion ink cartridges through the HP Planet Partners Program.
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HP has sourced over 550,000 pounds of ocean-bound plastic for use in products.
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Packaging innovations involve replacing plastic foam with molded fiber made from recycled paperboard and plant fibers.
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The HP Renew Sleeve is an example of circular design, made entirely from recycled ocean-bound plastic
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with less than 1 gram of wasted material during manufacturing.
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