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. In September 2019, WWF and HP embarked on a partnership to harness nature-based solutions to help restore 1,340 acres (550 hectares) of threatened forests in Brazil and improve the management of 220,000 acres (89,000 hectares) of forests in China. The partnership also includes efforts to develop science-based targets for forests and a tool to better estimate the carbon and nature benefits of forest landscape actions like restoration and improved forest management.
In April 2021, HP made a 2030 commitment to counteract potential deforestation and forest degradation for all paper used in HP products, irrespective of brand, by scaling up investments in forest restoration, protection, and improved management.
In October 2021, WWF and HP expanded their partnership to address the impacts on forests from printing with HP printers. Together, WWF and HP will restore, protect, and improve the management of nearly 1 million acres of forest landscapes, an area approximately five times the size of New York City.
This $80 million expansion 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.