HP Applauded by Frost & Sullivan for Improving Product Repairability, Reusability, and Recyclability, and its Market-leading Position

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."