HPE Releases 4th Annual ESG Report
Hewlett Packard Enterprise released its annual Living Progress Report for 2018. The company says it is demonstrating that leveraging technology to tackle major human and environmental challenges drives business value and can open new long-term economic opportunities.
“From protecting our environment to advancing human rights, it is imperative that we make progress for society by conducting our business in an ethical, sustainable, socially conscious way,” said HPE CEO Antonio Neri. “Technology and data are the key to solving our world’s biggest challenges. At HPE, we have dedicated ourselves to a clear, simple, and extremely important cause, developing and using technology to advance the way people live and work.”
HPE continues to meet and exceed its customers’ business and sustainability goals by embedding efficiency, security, and reusability throughout the lifecycle of its products. In 2018, the company launched its new Circular Economy Report, which helps IT organizations measure their contributions to corporate sustainability goals while returning value to their business when retiring end-of-use assets.
Other 2018 accomplishments include reducing customer energy use by as much as 60% using memory-driven computing. HPE has increasing evidence that its sustainability credentials contribute to its bottom line, attributing $312 million in net FY2018 revenue to customer engagements focused on HPE’s IT efficiency and sustainability credentials. Investors are also taking note of environmental, social and governance ratings due to risks associated with resource scarcity, fluctuating commodity prices, and increasing regulations.
HPE leads the industry with policies and programs that reduce its suppliers’ environmental impacts and protect human rights through targeted capability-building. In 2018, 78% of company's production suppliers, by spend, were engaged in supply chain management program, which enables suppliers to set and achieve aggressive science-based climate targets for their own operations. In 2018, HPE raised the bar significantly for suppliers through new stringent requirements in its social and environmental responsibility scorecard.
The report also states that In 2018, HPE continued to foster a people and values-driven company culture by investing in its employees, as well as the communities in which the company operates. Highlights include spending $1.3 billion with small enterprises and minority-owned businesses, and distributing $5.4 million to over 3,500 nonprofits worldwide. The company also ranked third on the KnowTheChain benchmark of 40 ICT companies for efforts to address forced labor in the supply chain, and has one of the most diverse Board of Directors in the industry, with 62% of its directors identifying with a diverse group.