HP commits to accelerating digital equity for 150 million people

Company to invest in an accelerator program

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HP's Sustainable Impact strategy to accelerate digital equity
HP's Sustainable Impact strategy to accelerate digital equity

As part of its Sustainable Impact strategy, HP Inc has announced an ambitious goal to accelerate digital equity for 150 million people by 2030. To help achieve its objective, the company announced the launch of HP PATH (Partnership and Technology for Humanity), an accelerator program that will invest in local initiatives and partnerships to address challenges in underserved communities around the world focused on education, healthcare, and the creation of economic opportunities.

“Our Sustainable Impact strategy is helping to strengthen our communities while spurring innovation and growth across our business. Creating technology that inspires progress has always been one of HP’s greatest strengths, and we continue to hold ourselves accountable for achieving the goals we have set,” said Enrique Lores, President, and CEO, HP Inc.

“As digital technology transforms seemingly every aspect of our lives, there’s a real danger of more and more people getting left behind. We cannot allow that to happen, and HP will work to break down the digital divide that prevents too many from accessing the education, jobs, and healthcare they need to thrive.” Lores continued.

Accelerating Digital Equity

HP believes digital equity is a human right and has invested in HP LIFE, a free IT and business skills training program offered by the HP Foundation, and supports and teams up with organizations including Girl Rising, MIT Solve, and NABU to tackle this challenge.

Building on these efforts, HP commits to develop, launch, and manage a digital equity accelerator, that seeks to support the digital equity of disenfranchised communities by activating innovative solutions and services for 150 million people by 2030.

HP believes true digital equity requires four key elements:

  • Hardware (e.g., laptop or printer).
  • Connectivity (e.g., access to the Internet).
  • Quality, relevant content (e.g., learning materials).
  • Digital literacy (e.g., skills to use the technology). 

HP 2020 Sustainable Impact Report

HP Sustainable Impact is integral to helping the company become the world’s most sustainable and just technology company. This work is essential for the sustainability of the planet and society. It is an increasingly important driver of customer purchasing decisions, helping win more than $1 billion in sales in 2020—for the second consecutive year.

HP said it has remained steadfast in its commitment to accountability and transparency since the company published its first environmental and social impact report in 2001. In this year’s Sustainable Impact Report, HP outlined the progress made in 2020 and improvements still needed. 

Inaugural Sustainable Bond Framework

HP also announced the release of its Sustainable Bond Framework to help inform and guide investments in projects that it believes will help meet its goals and achieve a more sustainable and just future. In addition, it announced the pricing of $1 billion of its inaugural sustainability notes. As part of the $2 billion overall debt offering, these bonds are designed to empower investors to join HP in tackling important economic, social, and sustainability issues

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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