HP Study Establishes Sustainability as a Standard for Successful Businesses
HP unveiled a new study underscoring the importance of sustainable business practices in recruiting, hiring and retaining top talent. It also finds that employees are more productive, motivated and engaged when working for an employer who is leading the charge in social responsibility.
The global, 20,000 participant survey found that 61 percent believe sustainability is mandatory for businesses. Of those interviewed, 56 percent think that ignoring environmental impact in the workplace is as bad as ignoring diversity and inclusion. For many businesses, the first wave of sustainable changes was addressed through big ticket items like LEED building certification and energy efficient lighting. Now they are focusing on the next layer of easily overlooked sustainable improvements like composting and the direct purchase of renewable energy.
“The study proves what HP has suspected for many years. Businesses, and their workforce, are demanding higher levels of sustainability and quality from their suppliers,” said Dave McQuarrie, Global Head of Print Business Management, HP Imaging and Printing. “HP has been committed to sustainable impact for decades. By reducing reliance on single-use plastics and delivering more sustainable supplies we are fulfilling a critical part of our reinvention journey and commitment to the environment.”
One of the most overlooked opportunities for eco-friendly practices in the workplace is in the purchase and disposal of printer ink and toner cartridges, a global market estimated to be around $45 billion. The influx of imitation cartridges as an alternative to quality print cartridges has created a host of new challenges for purchasers, including the fact that many do not realize imitation cartridges are often not recycled. As a result, 97 percent of imitation cartridges may end up in landfills.