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HP Inc. and the Arbor Day Foundation Team Up to Plant One Million Trees by the End of 2020Highlights:
PALO ALTO, Calif., Sept. 22, 2020 (GLOBE NEWSWIRE) -- HP Inc. (NYSE: HPQ) today pledged to plant one million trees by the end of 2020 through a partnership with the Arbor Day Foundation that supports World Economic Forum’s and American Forests’ 1t.org U.S. initiative that serves as a global movement to conserve, restore and grow one trillion trees by 2030. The pledge reaffirms HP’s ongoing commitment to restoring, protecting and improving the management of global forests as part of the company’s vision for print sustainability. In addition, HP pledged to reduce potable water consumption in global operations by 35% by 2025, an industry-leading goal. “At HP, we believe the science that confirms this is the crucial decade for addressing climate change and know that ensuring access to critical natural resources like forests and water is a key part of a global solution,” says Ellen Jackowski, chief sustainability and social impact officer at HP. “By collaborating with organizations such as the Arbor Day Foundation, we are helping restore and preserve the world’s forests for generations to come.” Since January 2020, through its partnership with the Arbor Day Foundation HP has also:
“Forests are a critical tool not only to remove carbon from the atmosphere, but also to mitigate the immediate impacts of the changing climate disasters on people, wildlife and critical ecosystems around the globe,” said Dan Lambe, president of the Arbor Day Foundation. “By restoring tree loss, committed partners like HP are making a significant investment in our health and well-being now and for generations to come.” The HP Sustainable Forests Collaborative A Continued Commitment to Forest Protection The partnership with WWF also includes a $1 million donation from HP to support the development of science-based guidance related to three issues central to sustaining the world’s forests. These comprise the quantity and quality of forests needed in key regions to ensure the forests can support people and nature, including: contributions to a larger global?Science-Based Targets initiative (SBTi), actions companies can take to keep those forests thriving and tools companies can use to better estimate the climate, water and other nature-related co-benefits of their actions. Creating a Greater Call to Action However, the company believes more private and public partnerships are needed to enable all participants to collaborate, share best practices and take advantage of each other’s strengths. To that end, HP recently made a commitment to the U.S. chapter of the World Economic Forum’s 1t.org, the global trillion tree movement. The initiative is designed to bring together like-minded companies, governments and organizations to accelerate the restoration of degraded forest ecosystems, fight climate change and protect biodiversity on the planet. Through these types of collaborations, HP believes it can magnify its influence to inspire widespread action across all industries - helping create a more sustainable future for the generations to come. To increase awareness about the importance of responsibly managed forests and encourage others to prioritize this cause, HP will join the Arbor Day Foundation, #TeamTrees, PepsiCo, Procter & Gamble, Salesforce, The Nature Conservancy, The UPS Foundation and the Wildlife Conservation Society at a September 24 Climate Week panel titled “Can the Push for Tree Planting Tip the Scale?” For additional details on this event and/or to register, please visit https://climateweeknyc.org/event/can-push-trees-tip-scale. The Value of Water About HP Inc.
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