HP Inc plans to reach the 40 percent renewable electricity mark by 2020 in its global operations.
The long-term goal of HP is to achieve 100 percent renewable electricity usage in operations. HP is joining RE100, a global initiative of top businesses committed to 100 percent renewable electricity.
Nate Hurst, chief sustainability and social impact officer at HP, said: “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.”
HP aims to reduce energy consumption by optimizing operations / building efficiency and implementing new efficiency projects.
HP will increase the use of on-site renewable power.
HP will acquire or generate off-site renewable power to offset brown power emissions, including the use of renewable energy credits (RECs) and power purchase agreements (PPAs).