Nearly half of all global forests are under threat of deforestation and forest degradation, which represents a major risk to global climate, biodiversity, and water—and the people and businesses that depend on healthy forests.
Forests are a critical tool in the fight against climate change and are essential to human health. Research shows that nature-based solutions and the broader land sector could contribute up to 30% of the climate mitigation needed by 2050 to meet the Paris Agreement's objective of limiting global warming.
HP and WWF have worked together for more than a decade to help HP achieve its zero-deforestation paper sourcing goals. Given the crucial role forests play in the world, and to HP's business, HP wanted to go beyond responsible sourcing and do even more to help forests.
HP and WWF are working in critical landscapes around the world. Each of these landscapes were chosen because they are ecologically valuable and highly threatened. WWF and HP will work to protect, manage, and restore these critical areas while working hand-in-hand with local communities:
- Atlantic Forest, Brazil: Restore more than 1235.53 acres (500 hectares), including critical biodiversity corridors for species like the jaguar, and strengthen support and capacity for over 128,000 acres (52,000 hectares) of protected areas
- Forest Provinces, China: Transition more than 220,000 acres (89,000 hectares) of state forests and plantations to responsible management and pursue responsible management under Forest Stewardship Council (FSC) certification by 2025. Restore up to 25 ha of Asian elephant habitat in Yunnan Province by 2025
- Forests of Eastern Australia: Helping to restore over 600 hectares of degraded forests while improving climate resilience. In the coming years, WWF and HP will also help improve forest management practices for nearly 20,000 hectares in New South Wales and reduce deforestation in Queensland
- Madre de Dios, Peru: Restore and connect about 494 acres (200 hectares) of key jaguar habitat and improve forest management practices for 148,263 acres (60,000 hectares).
This partnership aims to help combat climate change and nature loss through investments in high-integrity nature-based solutions and sets the bar for corporate action, inspiring other companies to address their own downstream environmental impacts.
HP is also a member of WWF's Forests Forward and Climate Business Network.
