HP's strategic collaborations, seamless approach to a
circular economy, and close relationships support recycling and
position it as a preferred partner and vendor within the
electronics industry.
SAN ANTONIO, May 14, 2024 /PRNewswire/ -- Recently Frost &
Sullivan assessed the electrical and electronics equipment (EEE)
circular economy industry, and based on its findings, recognizes HP
with the 2024 North American Company of the Year Award. The company
creates innovative products through a rigorous design process that
focuses on improving the environmental performance of its products
throughout its lifecycles. The company developed and refined these
processes over 30 years, perfecting its approach. Its Design for
the Environment program, Design for Sustainability, employs a
science-based method to boost recycled material use and responsible
chemistry to improve product repairability, reusability, and
recyclability.
HP offers optimization, renewal, and maintenance services that
prolong the life of its products, enhance the value acquired from
natural resources, and reduce environmental impact. Its IT Asset
Disposition service provides commercial customers with secure
and easy-to-use device collection and data sanitization services
that enable responsible repurposing or recycling of technology.
Additionally, HP provides various custom and free recycling
programs for used equipment, including a convenient HP and Samsung
ink and toner cartridge recycling program located in 67 countries
worldwide. The HP Planet Partners program repurposes and recycles
the company's end-of-life products, including batteries, packaging,
and home office equipment. This effort has resulted in more than
5.8 billion plastic bottles and 149 million plastic hangers
recycled to produce new Original HP Ink and Toner cartridges.
Paulina Blaszczyk, Industry
Analyst, Sustainability and Circular Economy, Frost & Sullivan,
observed, "HP estimates and improves its products' environmental
impact using life cycle and carbon footprinting assessment. The
company considers published lists, customer preferences,
regulations, and scientific analyses to avoid harmful materials. As
a result, it sources recycled and renewable materials for products
and packaging, aiming to eliminate 75% of single-use plastic by
2025."
HP also runs recycling plants in the
United States and Germany
to shred and sort inkjet cartridges for material recovery.
Unrecyclable materials, such as foam and ink, fuel electricity in
waste-to-energy incinerators, with metals sold on the scrap metal
market. With this sustainability focus, HP remains at the forefront
of the EEE circular economy industry. HP is renowned for its
commitment to sustainability and a circular economy through
sustainable product design for reuse and recycling, closed-loop
take-back programs across various regions, and the incorporation of
recycled plastics from different sources, cementing its leadership
in the EEE circular economy industry.
"Overall, HP addresses environmental challenges with a strong
leadership focus that incorporates customer-centric strategies and
exemplifies best practice implementation. It helps worldwide
customers decrease electronic waste and harmful emissions, and
remains a trusted partner, earning a reputation for offering the
overall best in the electrical and electronics equipment circular
economy industry," added Paulina. HP earns Frost & Sullivan's
2024 North America Company of the Year Award for its strong overall
performance in the EEE circular economy industry.
Each year, Frost & Sullivan presents a Company of the Year
award to the organization that demonstrates excellence in terms of
growth strategy and implementation in its field. The award
recognizes a high degree of innovation with products and
technologies, and the resulting leadership in terms of customer
value and market penetration.
Frost & Sullivan Best Practices awards recognize companies
in various regional and global markets for demonstrating
outstanding achievement and superior performance in leadership,
technological innovation, customer service, and strategic product
development. Industry analysts compare market participants and
measure performance through in-depth interviews, analyses, and
extensive secondary research to identify best practices in the
industry.
About Frost & Sullivan
For six decades, Frost
& Sullivan has been world-renowned for its role in helping
investors, corporate leaders, and governments navigate economic
changes and identify disruptive technologies, Mega Trends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success. Contact us:
Start the discussion.
Contact:
Lindsey Whitaker
P: 1.210.477.8457
E:Lindsey.Whitaker@frost.com
About HP
HP Inc. is a global technology leader and creator of solutions
that enable people to bring their ideas to life and connect to the
things that matter most. Operating in more than 170 countries, HP
delivers a wide range of innovative and sustainable devices,
services and subscriptions for personal computing, printing, 3D
printing, hybrid work, gaming, and more. For more information,
please visit: hp.com.
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