In HP's last report as one company, employees are important but not material, surprising for a company with 50,000 workers and whose innovation depends on their creativity
This is the last Sustainability Report from HP as we have known it. At the end of 2015, HP split into two fairly equal-sized companies – HP Inc, focusing on the printing business and HPE (Hewlett Packard Enterprises), focusing on servers, storage devices and services. This report therefore covers the last fiscal year ending in October 2015, before the split. But it is written in the spirit of HP after the split, with new CEO, Dion Weisler welcoming us to the new HP. The new HP has three 2020 goals: 40% renewable electricity, zero deforestation and a 25% reduction in GHG emissions intensity versus 2010.
The new HP kicks off its new reporting era with a new-not-new materiality matrix. The company confirms having undertaken a process of engagement with consultants and stakeholders to come up with a materiality analysis which has the same look and feel as the old HP and most of the same issues in the same place. Employees, for example, remain at the important-not-material end of the matrix – surprising for a corporation that employs around 50,000 people and whose innovation is dependent upon their resourcefulness and creativity. Just 10 pages of the 154 in this...