HP Inc

Technology Hardware, Storage & Peripherals

HPQ

$ 26 0.51

Share price

$ 25 bn

Market Cap

$ 35 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.13x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

HP Inc aims to reduce Scope 1 + 2 by 60% by 2025 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

HP Inc aims to achieve net zero for all Scopes by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

HP Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 160 Kt (-12 /-6.7% y-o-y). Also positively, carbon intensity fell to 2.5 t (-0.5 /-16.7% y-o-y).

HP Inc's Scope 3 emissions declined to 28,300 Kt (-720 /-2.5% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -10.7% since 3Q'18).

The company is committed to reducing Scope 1 + 2 by 60% by 2025 from a base year 2015, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -1,498 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q3	160	49	111	28,300	63,487	2.5
2020Q3	171	51	120	29,020	56,639	3
2019Q3	216	62	154	31,170	58,756	3.7
2018Q3	230	66	164	44,470
2017Q3	249	66	183	40,770
2016Q3	328	61	268	35,860
2015Q3	389	67	322	36,250