Hewlett Packard Company (NYSE: HPE) released its ninth annual report, showcasing its commitment to sustainable and responsible business practices for fiscal year 2023. The report highlights HPE’s dedication to creating technology solutions that are environmentally friendly and ethical, with a focus on achieving a net zero enterprise by 2040.
HPE is among the first global IT companies with a 2040 net zero goal approved by the Science Based Targets Initiative. The company has already exceeded its 2025 goal of sourcing 50% renewable electricity ahead of schedule but is facing challenges in addressing its Scope 3 emissions. These emissions, beyond HPE’s direct control, represent the largest portion of the company’s greenhouse gas footprint.
HPE is working on innovative offerings and business models to help mitigate the environmental impacts of its customers’ evolving IT needs. The company’s leaders are integral in this journey, with variable compensation linked to climate metrics to incentivize reducing carbon intensity.
The company offers a comprehensive portfolio of sustainable and responsible IT solutions, including services to address sustainability challenges holistically and provide environmental insights to customers. HPE also delivers low-carbon solutions, such as energy-efficient supercomputers and servers that reduce power consumption.
HPE prioritizes human rights in all aspects of its business, from sourcing materials to product development, and has set goals related to worker empowerment and ethical AI product development. The company also focuses on creating an inclusive culture for its team members and has established technology accelerator programs to support startups with social impact missions.
HPE’s commitment to ethical business practices has been recognized through various awards and rankings, such as ranking first in the JUST100 list and receiving the MSCI ESG AAA rating. The company has also been recognized as one of the most ethical companies in the world by Ethisphere for six consecutive years.
Overall, HPE’s annual report for fiscal year 2023 demonstrates its dedication to sustainability, responsibility, and ethical business practices, positioning the company as a leader in the industry. For more information about Hewlett Packard Enterprise, visit www.hpe.com.
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