Hewlett Packard Enterprise has unveiled its annual Living Progress Report for fiscal year 2021, which reaffirms their promise to become a net-zero enterprise across its entire value chain, and committing to accelerating its target date by 10 years from 2050 to 2040.
This commitment is backed by a new suite of targets that are consistent with a 1.5-degree Centigrade climate pathway and approved by the Science-based Target Initiative. By 2030, HPE pledges to reduce emissions within its own operations by 70 per cent from 2020 levels, building on the 62 per cent reduction already achieved over the five prior years.
HPE are also aiming to reduce Scope 3 emissions by 42 per cent, focusing on the use of sold products, upstream transportation and distribution, and direct supply chain emissions. By 2040, the company plans to reduce its entire global footprint by 90 per cent
The company’s Living Progress Report aims to demonstrate the company’s ongoing commitment to creating a more equitable and sustainable world by accelerating targets for net-zero emissions, developing technology solutions that drive a low-carbon economy, investing in a diverse and inclusive workforce and operating its business with and insisting on the highest ethical standards.
“We do not just help our customers meet their ESG goals, we continue to push ourselves and our entire industry forward by improving upon our own,” said Antonio Neri, President and CEO. “At HPE, we have a significant responsibility and an intentional, focused plan to help our customers, suppliers and communities successfully transition to a zero-carbon future.”
To advance accountability to reach these new goals, Hewlett Packard Enterprise has introduced two new initiatives that will drive ESG progress at the leadership level. Firstly, all Vice President and above leaders will complete a mandatory climate training program with the aim of empowering leaders to create action plans within their organizations that mitigate climate impact. Additionally, HPE has introduced a new compensation metric for members of its Executive Committee that ties a portion of variable pay to HPE’s management of carbon emissions across its value chain.
HPE’s latest Living Progress Report also details other ESG goals, including how the ‘as-a-service’ transition empowers customers to operate sustainably and efficiently, and how the company is building a diverse, engaged and inclusive culture.