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PRESS RELEASES


HP AND WWF ANNOUNCE BOLD PARTNERSHIP EXPANSION TO CONSERVE AND RESTORE FORESTS

Collaboration aims to ensure paper printed with an HP product or service will
help restore, protect, and improve the health of forests by 2030[1]

October 26, 2021



News highlights:

 * Announces WWF’s largest U.S. corporate partnership to-date
 * Pledges $80 million2 to expand its partnership with WWF to address the
   impacts on forest from printing¹ with HP printers
 * Partners to restore, protect or improve the management of nearly 1 million
   acres of forest landscapes, an area approximately five times the size of New
   York City
 * HP is one of the first technology companies to address its broader impacts on
   nature associated with its products and services
 * WWF joins HP’s Sustainable Forest Collaborative ahead of COP26

 

PALO ALTO, Calif., October 26, 2021 — Today, in advance of the 26th UN Climate
Change Conference of the Parties (COP26), HP Inc. (NYSE: HPQ) announced an $80
million partnership expansion with World Wildlife Fund (WWF) to further its
commitment to forest conservation as part of HP’s comprehensive climate action
strategy. By doing so, HP raises the bar for corporate leadership on
nature-based solutions as the first company to pilot science-based targets for
forests with WWF and becomes WWF’s largest U.S. corporate partner to-date.

While HP already maintains zero-deforestation status for its HP paper and
paper-based packaging, this collaboration will support HP’s growing series of
commitments to forest conservation around the world. It will also enable HP to
make progress on its goal to counterbalance forest resources attributable to
non-HP paper used in its products and print services by 2030.¹

Nearly half of all global forests are under threat of deforestation and forest
degradation. This represents a major risk to biodiversity, water, people and
businesses that depend on healthy forests. Research shows that nature-based
solutions, such as sustainable land management and forest protection and
restoration, can contribute up to 30 percent of the climate mitigation needed by
2050 to meet the Paris Agreement’s objective of limiting climate change to
1.5oC. Conserving forests is one of the ways HP is combating climate change.

“At HP, we understand this decade is critical for addressing climate change.
Given the impact forests have on the air we breathe, habitats for wildlife, and
the livelihoods of communities around the world, they are critical for human
survival as well as material to our business,” said James McCall, chief
sustainability officer, HP Inc. “This partnership is designed to help
counterbalance every page printed on an HP printer by regenerating critical
forest ecosystems globally. Forest positive printing has the potential to ensure
a better future for everyone, everywhere.”

HP first announced its Forest Positive vision for print in 2019,3 pledging to
“give back to the forest more than it takes.” To realize its Forest Positive
vision, HP and its partners are working together to conserve vital forest
ecosystems.  

“To truly solve the dual climate and nature crises, we need companies to go even
further than their immediate supply chains,” said Carter Roberts, president &
CEO of WWF. “Solving these problems means taking responsibility for emissions
and environmental impacts from the entire life cycle of a company’s products. By
pledging to address forest resources used for paper outside its supply chain, HP
is accelerating ambition for corporate climate and nature commitments. And by
helping us pioneer the development of science-based targets for forests, HP is
building a road map for others to follow.”

 

A First-of-Its Kind Partnership

This expanded $80 million partnership with WWF will address 17 million metric
tons of paper used in both consumer and commercial HP printers over 10 years.
That is equivalent to sustainably managing, restoring and protecting nearly 1
million acres (384,000 hectares) of forest. By regenerating forest health at a
scale that considers not just HP brand paper but the total amount of paper run
through its printers, HP is making a bold commitment to protect nature as one of
the first technology companies to consider its broader downstream environmental
impact in addition to its carbon emissions from its own operations and value
chain.

This announcement also builds on HP’s support of WWF’s development of
science-based targets for forests. HP is the first company to pilot
science-based targets for forests by applying a new methodology developed by WWF
to estimate the impacts more comprehensively on forestlands from printing. Based
on those estimated impacts, HP will protect, restore and improve the management
of a requisite area of forests. Models developed with funding from HP will help
identify key regions of the world for forest conservation and better estimate
the carbon and nature benefits of forest actions. HP is helping advance this new
movement to ensure nature-based solutions are informed by the best available
science and protecting co-benefits forest ecosystems provide for people, plants
and animals.

 

Accelerating Our Impact

Prior to this expansion, HP and WWF began working together in September 2019 to
harness nature-based solutions to deliver on biodiversity conservation, clean
water and air, and climate resilience in Brazil’s threatened Atlantic Forest and
China’s Fujian, Guangxi, Hunan, Anhui, Sichuan, Yunnan and Hebei provinces. Over
the past two years, WWF and HP engaged over 50 local institutions in Brazil’s
Atlantic Forest in native forest restoration and 54 community members in China
to ensure the responsible management of their bamboo and forest lands. In
support of the Raízes do Mogi Guaçu project in Brazil, 158 acres of land are
under restoration. In China, over 35,257 acres of bamboo and mixed forests are
now under Forest Stewardship Council® smallholder certification. HP and WWF have
also been working together for over a decade on responsible sourcing, and HP is
now part of Forests Forward, WWF’s new program to engage business, communities
and other key forest stakeholders to help transform the way we value, manage,
protect and restore forests to sustain business, people and nature.

As part of this partnership expansion, WWF is also joining HP’s Sustainable
Forest Collaborative, a cross-industry collaboration to demonstrate scientific
and commercially viable approaches to keep working forest ecosystems healthy.

 

Learn More


Visit the following links for more details:

 * HP’s Sustainable Impact Website
 * WWF

 

About HP


HP Inc. creates technology that makes life better for everyone, everywhere.
Through our product and service portfolio of personal systems, printers, and 3D
printing solutions, we engineer experiences that amaze. More information about
HP Inc. is available at http://www.hp.com.






MEDIA CONTACTS

--------------------------------------------------------------------------------

Vanessa Forbes, HP
Vanessa.Forbes@hp.com
Tom Suiter, HP
Tom.Suiter@hp.com
https://press.hp.com


--------------------------------------------------------------------------------

Disclaimer

--------------------------------------------------------------------------------

©Copyright 2021 HP Development Company, L.P. The information contained herein is
subject to change without notice. The only warranties for HP products and
services are set forth in the expresswarranty statements accompanying such
products and services. Nothing herein should be construed as constituting an
additional warranty. HP shall not be liable for technical or editorial errors or
omissions contained herein.

 

1  Fiber by weight will be 1) certified to rigorous third-party standards, 2)
recycled or 3) balanced by forest restoration, protection, and other initiatives
through HP’s Forest Positive Framework. Paper does not include fiber-based
substrates for HP industrial presses not listed in HP Media Solutions Locator
catalogues. HP 2020 Sustainable Impact Report

2  Pursuant to agreement between WWF and HP dated January 1, 2022.

3  HP Forest Positive Framework is a strategic foundation for delivering on HP
forest ambitions

 


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