HP Inc
HP's GHG Emissions Data Preview
In 2023, HP completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
HP has also provided a category-level breakdown for 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind HP’s Greenhouse Gas (GHG) Emissions Data
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Insights into HP's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of HP amounted to 339,700 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of HP decreased by 2.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
HP's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are HP's Scope 1 emissions?
In 2023, the total Scope 1 emissions of HP were 146,400 metric tons of CO₂ equivalent (tCO₂e). a
Has HP reduced its Scope 1 emissions over time?
Since 2018, HP's Scope 1 emissions have increased by 122.15%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), HP's Scope 1 emissions decreased by 3.37%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are HP's Scope 2 emissions?
In 2023, HP reported Scope 2 greenhouse gas (GHG) emissions of 94,300 tCO₂e using the market-based method and 193,300 tCO₂e using the location-based method. a
Has HP reduced its Scope 2 emissions over time?
Since 2018, HP's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 23.38%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), HP's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that HP 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does HP use for Scope 2 reporting?
In 2023, HP reported its Scope 2 emissions using the market-based method and using the location-based method. a
HP's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into HP's Value Chain Emissions
In 2023, HP reported 19,618,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of HP includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
HP's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are HP's Scope 3 emissions?
In 2023, HP reported total Scope 3 emissions of 19,618,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 63.26% of these emissions originated from upstream activities such as purchased goods and capital goods, while 36.74% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has HP reduced its Scope 3 emissions over time?
Since 2018, HP's Scope 3 emissions have decreased by 55.88%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), HP's Scope 3 emissions remained relatively stable, indicating that HP 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does HP disclose?
In 2023, HP reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of HP's Scope 3 emissions?
In 2023, the largest contributors to HP's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 11,856,000 tCO₂e (62.15%)
- Use of Sold Products (Cat. 11): 6,656,000 tCO₂e (34.89%)
- End-of-Life Treatment of Sold Products (Cat. 12): 323,000 tCO₂e (1.69%)
HP's Scope 3 Emissions by Categories
Insights into HP’s GHG Emissions Intensity Compared to Industry Peers
In 2023, HP reported Scope 1 greenhouse gas (GHG) emissions of 146,400 tCO₂e and total revenues of USD 53,719 millions. This translates into an emissions intensity of 2.73 tCO₂e per millions USD. a
HP's Scope 1 Emissions Intensity Compared to Peers
How does HP's GHG emissions intensity compare to its peers?
In 2023, HP reported a Scope 1 emissions intensity of 2.73 tCO₂e per millions USD. Compared to the peer group median of 0.53, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does HP rank on GHG emissions intensity within its industry?
In 2023, HP ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places HP among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into HP's Total Carbon Footprint
In 2023, HP reported a total carbon footprint of 19,957,700 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.82% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to HP's total carbon footprint was Scope 3 emissions, accounting for 98.3% of the company's total carbon footprint, followed by Scope 2 emissions at 0.97%. a