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