HP’s Sustainability Criteria Helped Generate $700M in New Revenue

by Alyssa Danigelis
Aug 1, 2018 11:25 AM ET
Photo: HP partnered with Homeboy Recycling on a closed-loop recycling process. Credit: HP

Originally published on Environmental Leader

HP Inc. says that sustainable impact was a key differentiator for more than $700 million in new business last year. The company’s newly published 2017 Sustainable Impact Report shows a 38% year-over-year increase in sales bids with sustainability requirements.

“In 2017, customers with sustainable purchasing criteria — including criteria related to eco-labels — represented a total of approximately $15.8 billion of existing and potential business revenue,” the report says.

Creating a more efficient, circular, low-carbon economy is one of the global tech company’s major goals. HP reported that their suppliers have avoided 1.05 million metric tons of carbon dioxide between 2010 and 2017.

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