Greenhouse gas (GHG) emissions are the prime cause of global warming. Global warming causes danger to the life on earth, posing a threat to fresh water, food, and energy supplies. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs produced by the combustion of oil, fossil fuels, and other sources.
Approximately 2% to 3% of worldwide greenhouse gas emissions is generated by the technology and communication industry. GHG emissions are produced by industry operations such as energy consumption, product manufacture, and product use. According to the International Telecommunication Union, digital technology has the potential to reduce world carbon emissions by roughly 17%. Technology companies can help other industries improve their operational efficiency by cutting GHG emissions.
HP Inc (HP) is an information technology company that offers a wide range of products, technologies, software, solutions and services. It offers a wide range of products such as personal computing and access devices, imaging and printing related products and services, enterprise IT infrastructure, and multi-vendor customer services. In 2020, the technology company reported total GHG emissions of around 44.89 million tonnes CO2 equivalents (MtCO2eq), down 4% from 2019.
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions include those from the direct use of natural gas, diesel fuel, refrigerants, and PFCs in operations and from fuel used by HP’s transportation fleet. Indirect GHG emissions that are primarily from purchased electricity used in HP’s operational real estate, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain, including upstream and downstream activities, such as the production of packaging, product transportation, and employee business travel.
Scope 3 emissions account for most of HP’s overall GHG emissions, accounting for 99.6% of total GHG emissions (44.72 MtCO2eq) in 2020. In 2020, the company's Scope 1 emissions fell by 18%, and Scope 2 emissions fell by 20%.
In 2020, HP used 482,119 MWh of electricity in global operations, including 51% renewable electricity and attributes. HP achieved 56% decrease in Scope 1 and Scope 2 GHG emissions since 2015. The company aims to use 100% renewable electricity to power the global operations by 2025.
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