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HP — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

← back to Data by year

2026· 2 events

Fiscal 2026 Plan: AI-driven productivity restructuringData confidence — high

On November 25, 2025, HP's Board approved the Fiscal 2026 Plan to drive customer satisfaction, product innovation, and productivity through AI adoption and enablement through fiscal 2028. HP expects to reduce global headcount by approximately 4,000 to 6,000 employees and incur pre-tax charges of approximately $650 million (~$400M labor + ~$250M non-labor).

sustainability_report p.205

FY26 executive compensation simplificationData confidence — high

For FY26, HP simplified long-term incentive: changed PARSU metrics to 100% EPS (from 80% EPS + 20% KGAs), decreased maximum payout from 300% to 200%, and reduced TSR modifier from +/-50% to +/-25%. Eliminated payout governors in annual incentive plan.

sustainability_report p.188

2025· 8 events

Primary: Circular product design and packagingData confidence — med

HP delivers innovative and sustainable devices, services and subscriptions, with subscription-based offerings such as Instant Ink Services and HP All-In Plan that support product circularity. The NGSR Committee oversees sustainability strategy including product circularity initiatives.

sustainability_report p.41

Dependent: Supplier emissions and value chain transformationData confidence — med

HP's Sustainable Impact strategy focuses on empowering customer sustainability, transforming the value chain, and advancing societal impact. HP works with a large supply chain (heavily Asia-based) and has internal supplier audit and human-rights screening programs covered under NGSR Committee oversight.

sustainability_report p.41

Dependent: Use-of-sold-product energy efficiency (AI PCs, ENERGY STAR)Data confidence — med

HP positions its portfolio of AI PCs and workstations as enabling local AI processing efficiency, and intelligent print features incorporated into home, office and graphics solutions. Customer-use emissions (scope 3 cat 11) are dominant for product OEMs like HP, and product-energy-efficiency disclosures sit within HP's sustainability reporting framework.

sustainability_report p.5

Primary: Manufacturing footprint diversificationData confidence — med

HP accelerated supply chain footprint movement in fiscal 2025, shifting over 30% of manufacturing from China to Southeast Asia and Mexico. This is primarily a tariff-mitigation move but also affects scope 1/2 emissions geography and energy mix of operations.

sustainability_report p.62

US tariffs significantly impacted FY2025 resultsData confidence — high

Since April 2025, new substantial US tariffs imposed, with reciprocal tariffs from other countries. HP experienced higher commodity and tariff costs not fully mitigated by pricing actions. HP shifted over 30% of manufacturing from China to Southeast Asia and Mexico. Tariff impacts excluded from non-GAAP measures used in incentive compensation.

sustainability_report p.171

CEO transition - Bruce Broussard appointed Interim CEOData confidence — high

On February 3, 2026, HP announced CEO transition plan. Enrique Lores stepped down as President and CEO effective end of day February 2, 2026. Bruce Broussard, a director since 2021, was appointed Interim CEO while the Board conducts a search for a permanent CEO.

sustainability_report p.4

Acquired Humane to form HP IQ AI innovation labData confidence — high

HP completed acquisition of Humane in fiscal 2025, forming HP IQ—an AI innovation lab advancing an intelligent HP ecosystem. Part of Future of Work strategy investment in AI.

sustainability_report p.62

Great Place to Work certificationData confidence — high

HP continued to be certified as a Great Place to Work based on employee engagement surveys.

sustainability_report p.147

2024· 24 events

Primary: Future Ready transformation: portfolio simplification & operational efficiencyData confidence — high

HP's Future Ready Plan (announced Nov 2022, running through FY2025) targets digital transformation, portfolio optimization and operational efficiency. HP has reduced portfolio complexity, improved continuity of supply, and cut structural cost through headcount reductions (~7,000 roles). Savings are partly reinvested into growth areas and people.

sustainability_report p.36

Primary: Product circularity & repairabilityData confidence — med

HP cites increasing exposure to regulatory requirements around product circularity, product energy efficiency, repairability, reuse, recyclability and take-back. HP proactively evaluates and replaces materials in products and supply chain considering substances of concern, regulatory requirements and customer preferences.

sustainability_report p.11

Dependent: Climate transition risk in product portfolioData confidence — med

HP acknowledges transition risks including shifting customer preferences and carbon pricing regulations. Failure to manage transition risks could diminish customer demand. HP expects continued compliance burdens and indirect costs from suppliers passing on compliance costs.

sustainability_report p.26

Hospitality Alliance for Responsible Procurement (HARP) founding memberData confidence — high

IHG is a founding member of HARP (2023), facilitated by EcoVadis. In 2024 kicked off a decarbonisation learning plan for high-emitting suppliers, expanded EcoVadis programme to 188 suppliers globally, and piloted supplier audits in AMER and EMEAA.

sustainability_report p.47

No removals strategy; reforestation via Mastercard Priceless Planet partnershipData confidence — high

IHG does not retire carbon credits or use durable removals (DAC, BECCS, etc.) as part of its inventory — confirmed 'No' for project-based credits retired in the reporting year. The firm's nature-positive activity is limited to a Mastercard/Priceless Planet Coalition partnership (2023-2025), where transactions over $50 at select US IHG hotels raised $3m supporting Conservation International's pledge to restore 100 million trees across 18 reforestation projects on six continents. This is positioned as community engagement rather than as a carbon removals strategy or offset retirement.

sustainability_report p.427

Primary: Energy efficiency measures (ECMs) in existing hotelsData confidence — high

IHG identifies implementing energy-conservation measures across existing hotels as a top decarbonisation lever. Five ECMs were embedded into Brand Standards in 2024: minimum chiller efficiencies, guest-room management systems, pool covers, variable-speed AHU fans, and hot-water heat pumps. Estimated savings ~70,000 tCO2e/year and ~$27m. Adoption of ECMs is part of the LTIP for Executive Directors (5% weighting), with threshold target of 80% of hotels adopting and max target 100%.

sustainability_report p.387

Primary: Pioneering low-carbon new-build hotelsData confidence — high

The Low Carbon Pioneers programme (launched July 2024) brings together energy-efficient hotels operating with no fossil fuels combusted on-site (backup generators <5% of annual energy) backed by renewable energy. Each must obtain Green Key or LEED/BREEAM/EDGE certification within 12 months of opening. LTIP target (5% weighting): threshold 10 hotels open/under construction, max 15 hotels. Used to test, learn and share findings to inspire wider adoption.

sustainability_report p.126

Dependent: Franchise hotel energy decarbonisation (Scope 3 cat 14)Data confidence — high

Franchise hotels represented 73% of IHG's hotel rooms in 2024 and ~52% of total emissions (3.4 MtCO2e of 6.5 Mt). IHG has no operational control over these, so decarb relies on indirect levers: brand standards, IHG Green Engage data platform (mandatory monthly reporting), Hotel Energy Reduction Opportunities (HERO) tool, and General Manager performance plans tied to energy reduction. The asset-light model and franchisee small-business constraints (limited credit access, no equivalent regulatory pressure) are cited as the biggest barrier to hitting the 2030 SBT.

sustainability_report p.124

Dependent: Supplier engagement via EcoVadis and HARPData confidence — high

IHG is a founding member of the Hospitality Alliance for Responsible Procurement (HARP, 2023). Partnered with EcoVadis to assess 188 suppliers globally on working conditions, energy/GHG, biodiversity and forests. In 2024 IHG kick-started a decarbonisation learning plan for high-emitting suppliers including a webinar, and began piloting supplier audits in Americas and EMEAA. All new corporate suppliers must accept the Supplier Code of Conduct, which sets expectations to reduce energy/GHG, water, plastic waste, and support biodiversity.

sustainability_report p.142

Single-use plastic elimination brand standardsData confidence — high

In 2024 IHG introduced two new brand standards to eliminate plastic water bottles from guest rooms and meetings/events across all Europe hotels by December 2025. Brand standards globally require replacing bathroom miniatures with full-size amenities. Greater China brands updated to use recycled/bamboo guest-room amenities by June 2025.

sustainability_report p.449

Brand-standard mandate: low-flow showers/taps in all hotels by end-2025Data confidence — high

IHG has integrated water-reduction measures into brand standards globally, requiring all existing hotels to install high-efficiency, low-flow aerated showerheads and taps by end of 2025. Average savings: 11 L/min showers, 3 L/min taps. No quantitative reduction target set; this is a qualitative commitment.

sustainability_report p.35

Renewable electricity via supplier contracts + small on-site solarData confidence — high

IHG sources ~141,853 MWh of renewable electricity (3.6% of total electricity) through default-delivered grid supply backed by energy-attribute contracts in markets including the UK (30,527 MWh), Germany (13,980 MWh), Poland (18,170 MWh), USA (7,576 MWh) and others; plus a long-term wind PPA in India (14,782 MWh, no certificates). On-site self-generated renewable electricity totalled 22,443 MWh. The firm states 'supporting hotels source renewable energy' is one of three core decarb levers but acknowledges 'limited access to suitable renewable energy options that are scalable' as a key dependency holding back progress toward the 2030 SBT.

sustainability_report p.308

Sustainability-linked $5B revolving credit facility (Aug 2024)Data confidence — high

On August 1, 2024 HP entered into a new $5.0 billion 5-year sustainability-linked senior unsecured committed revolving credit facility maturing 2029, with commitment fees and interest rates varying with HP's external credit ratings and certain sustainability metrics.

sustainability_report p.95

Material weakness in internal control over financial reportingData confidence — high

HP identified a material weakness in IT general controls (user access, change management, job-schedule monitoring) affecting various financial statement accounts including net revenue. Did not result in a material misstatement but was unremediated as of Oct 31, 2024.

sustainability_report p.52

Primary: Water efficiency through brand-standard low-flow fixturesData confidence — high

All existing hotels are required to install high-efficiency low-flow aerated showerheads and taps by end of 2025 (saving ~11 L/min showers, ~3 L/min taps). These ECMs are incentivised under the LTIP and deliver both water savings and energy savings (reduced hot-water heating). Water intensity (m³/available room) decreased 1.8% vs 2019 baseline, though absolute water footprint rose 9% YoY due to portfolio growth.

sustainability_report p.35

Sustainable Impact goals: Climate, Human Rights, Digital EquityData confidence — med

HP's Sustainable Impact goals reflect efforts in Climate, Human Rights, and Digital Equity. Details published in annual Sustainable Impact Report (not in this 10-K).

sustainability_report p.11

Segment realignment — LaserJet moved from Consumer to Commercial PrintingData confidence — high

Effective Q1 FY2024, HP realigned business unit financial reporting to better match customer market segmentation; LaserJet printer revenues transferred from Consumer Printing to Commercial Printing. Prior periods reclassified on an as-if basis. No impact on segment net revenue, consolidated revenue or EPS.

sustainability_report p.66

Dependent: Supplier ESG & responsible sourcing requirementsData confidence — med

HP requires environmentally, socially and legally responsible practices and sourcing from suppliers, including sub-tier sourcing, citing risks to brand and compliance from supplier non-conformance. Supplier finance programs and supply-chain diversification are being used to manage risk.

sustainability_report p.17

In-house data methodology overhaul and 2019 baseline restatementData confidence — high

In 2024, IHG reviewed its emissions data methodology, moving the process in-house and reducing estimation. The improvements were applied to current and historical data, including the 2019 SBTi baseline, which was restated. Scope 1, Scope 2 (location & market) and Scope 3 categories were all recalculated.

sustainability_report p.173

2019 SBTi baseline recalculated for all scopesData confidence — high

Base year (2019) emissions for Scope 1, Scope 2 location and market-based, and Scope 3 (cat 3 FERA and cat 14 Franchises) recalculated as a result of methodology changes. Recalculation policy uses a 5% significance threshold.

sustainability_report p.174

Not on track for 2030 SBT — emissions up 7.2% vs 2019Data confidence — high

IHG disclosed that despite an 11.5% reduction in carbon per available room and 9.4% reduction in energy per available room versus 2019, total absolute emissions are up 7.2% since 2019 due to portfolio growth and slower-than-expected grid decarbonisation. Company states it is 'not on track' to meet the 2030 46% reduction SBT.

sustainability_report p.124

Low Carbon Pioneers programme launched (July 2024)Data confidence — high

In July 2024, IHG launched the Low Carbon Pioneers programme, bringing together energy-efficient hotels with no on-site fossil fuel combustion (>5% backup generators excepted) backed by renewable energy. Hotels must obtain operational sustainability certification (Green Key) or building certification (LEED, BREEAM, EDGE) within 12 months of opening.

sustainability_report p.126

UN Global Compact member since 2009Data confidence — high

IHG has been a member of the UN Global Compact since 2009 and aligns to the ten universal principles covering human rights, labour, environment and anti-corruption. Also a signatory of Race to Zero (2021) and Science Based Targets initiative.

sustainability_report p.83

Biodiversity risk mapping using IBATData confidence — high

IHG uses the Integrated Biodiversity Assessment Tool (IBAT) to map biodiversity risk across its hotel estate, incorporating IUCN Red List and Species Threat Abatement and Restoration (STAR) metrics. Identifies hotels near protected and key biodiversity areas. No formal TNFD adoption or SBTN target yet; double materiality assessment under CSRD ongoing.

sustainability_report p.51

2023· 15 events

Dependent: Tire retreading and waste recycling with suppliersData confidence — high

Ryder works closely with automotive waste suppliers to re-use or recycle to divert landfill disposal. In 2023 sent 302,186 used tires for retreading via long-standing tire retread program with tire providers. Engaged key non-automotive waste management provider in 2023 to identify opportunities to reduce recycling contamination.

sustainability_report p.38

Fiscal 2023 Future Ready Plan completedData confidence — high

Fiscal 2023 Plan to enable digital transformation, portfolio optimization and operational efficiency, implemented through fiscal 2025. Substantially complete with approximately 9,500 employees departed via exits and voluntary Enhanced Early Retirement. HP incurred $873M severance + $347M infrastructure costs and exceeded program savings target.

sustainability_report p.205

Primary: Alternative fuel and electric vehicle deployment (RyderElectric+)Data confidence — high

Ryder evaluates advanced vehicle technology (AVT) including autonomous, alternative fuel, near-zero and zero-emission vehicles. Offers RyderElectric+ turnkey EV solution to customers and pilots AVTs through alliances with technology developers and OEMs. Estimated 34 tCO2e avoided emissions from electric class 2 vehicles vs diesel baseline in rental fleet.

sustainability_report p.115

Limited renewable electricity via grid mix; biodiesel/renewable diesel in fleetData confidence — high

Ryder consumed 366,892 MWh of renewable fuel (renewable diesel and biodiesel) in its Dedicated Transportation Solutions fleet, comprising about 9% of total energy. A small portion of purchased electricity (~2,097 MWh across Canada and U.S.) is accounted for at near-zero emission factors via default delivered grid electricity supported by energy attribute certificates from low-carbon energy mixes (hydropower, wind, solar, nuclear, biomass). No PPAs, on-site solar, or RE100 commitments disclosed.

sustainability_report p.97

No carbon removals or offsets programData confidence — high

Ryder has not canceled any project-based carbon credits within the reporting year. No durable removals (DAC, BECCS, biochar) or offset retirement program disclosed. Biogenic emissions of 85,408 tCO2 from renewable diesel and biodiesel combustion are tracked separately.

sustainability_report p.117

Dependent: Customer supply chain decarbonisation (route optimization + intermodal)Data confidence — high

Ryder collaborates with customers on emissions reduction including facility updates, route optimization, technology pilots, waste reduction. For CDP Supply Chain members like HP, Ryder offers intermodal shipment increases, SmartWay certified carriers prioritization, and alternative fuel vehicles (renewable natural gas vehicles from Loadsmith). RyderVentures invests in next-generation vehicles and supply chain technology startups.

sustainability_report p.45

Impact Fulfillment Services acquired (held for 2024 inventory)Data confidence — high

Ryder acquired Impact Fulfillment Services (IFS) in October 2023. Because IFS was acquired late in the calendar year, emissions are excluded from 2023 inventory and will be included in 2024.

sustainability_report p.55

Updated emission factors and estimation methodology for Scope 1, 2, and 3Data confidence — high

Ryder updated Scope 1 and 2 emission factors to most current available, added service/maintenance vehicles and vehicles rented from own rental fleet to Scope 1, began estimating natural gas for facilities without bills, added outdoor lighting to Scope 2, switched from Ryder-specific to facility-type/sq ft estimation methodology, and added Scope 3 Category 12.

sustainability_report p.56

Primary: Fleet fuel efficiency and driver trainingData confidence — high

Ryder implemented a mandatory fuel-efficient driver training program educating professional drivers on how to control and reduce revolutions per minute, over speeding, and idle time. Vehicle mileage drove an 81,847 mtCO2e increase in Scope 1 in 2023 reflecting higher business activity.

sustainability_report p.44

New base year set to 2023Data confidence — high

Base year emissions reset to year ending 12/31/2023 across all scopes and categories.

sustainability_report p.60

Primary: Building energy efficiency (LED lighting + HVAC upgrades)Data confidence — high

Ryder continued converting lighting fixtures to LED across locations, achieving estimated 620 mtCO2e annual savings on Scope 2 (location and market-based) with $37,968 annual monetary savings on $562,309 investment. In 2023 also engaged building maintenance partner to replace 210 HVAC units with more efficient models.

sustainability_report p.113

Reasonable assurance under ISO14064-3 for Scope 1, 2 and 3Data confidence — high

100% of reported Scope 1, Scope 2 (location and market), and Scope 3 emissions verified to reasonable assurance level under ISO14064-3.

sustainability_report p.79

Planning to introduce intensity emissions reduction targets in 2024Data confidence — high

Ryder set a goal to evaluate new Scope 1 and 2 intensity emissions reduction targets (based on lbs CO2e per mile traveled and lbs CO2e per square foot) in 2024. No active emissions target in the reporting year.

sustainability_report p.112

Recategorized downstream leased Dedicated fleet vehicles into Scope 1affects scope 1 co2eData confidence — high

Ryder adjusted boundary to recategorize emissions from downstream leased vehicles (formerly Scope 3 Cat 13) that are operated as part of the Dedicated fleet into Scope 1, plus added additional vehicle types. Resulted in 87,619 mtCO2e increase in Scope 1.

sustainability_report p.88

Acquisition of Dotcom Distribution added to inventoryData confidence — high

Ryder acquired Dotcom Distribution in December 2022. Due to the late-stage acquisition, they are being included for the first time in Ryder's 2023 emissions inventory, adding a 400,000 sq ft multiclient fulfillment facility to Scope 1 and Scope 2.

sustainability_report p.55

2022· 17 events

Dependent: Supply chain stakeholder protection and ICT benchmark performanceData confidence — med

HP states long-term commitment to ensuring all stakeholders across the entire supply chain are protected. HP ranked second in the 2023 ICT (Information and Communication Technology) company benchmark on seven categories including commitment and governance, traceability and risk assessment, procurement practices, recruitment, employee voice, and monitoring/remedial measures.

sustainability_report p.3

Primary: On-site solar PV deploymentData confidence — high

Over 23 MW of solar PV deployed across portfolio, with 3+ MW new commissioning in 2022 across Mexico, Malaysia, Brazil and Netherlands; targeting ~1,000 tCO2e annual reduction from new sites and plans for three more solar projects globally next year.

sustainability_report p.18

On-site solar (23+ MW) plus retail green electricity contracts globallyData confidence — high

Flex has deployed over 23 MW of on-site solar across Austria, China, India, Mexico, Malaysia, Brazil and Netherlands, and increased renewable capacity by 19% vs 2021 by commissioning >3 MW solar PV across sites. Flex also procures retail green electricity via contracts in the US (wind), Austria/Denmark/Netherlands (hydro), Romania, Poland, Hungary, India, China and Singapore, totaling 212,065 MWh from purchased renewable sources plus 20,523 MWh self-generated. Strategy targets 50% absolute Scope 1+2 reduction by 2030 (SBTi 1.5°C).

sustainability_report p.13

DNV limited assurance over Scope 1, 2 and 3Data confidence — high

Third-party limited assurance by DNV under ISAE3000 covering Scope 1, Scope 2 (location and market) and multiple Scope 3 categories.

sustainability_report p.52

Dependent: Supplier engagement and SBT cascadeData confidence — high

Flex requires 50% of preferred suppliers to set GHG reduction targets by 2025 and 100% by 2030. 2022 engagement included 20 webinars, 49+ one-on-one CDP support sessions, training of 1,567 supplier personnel from 680 suppliers, and 244 audits. 35% of preferred suppliers had set GHG targets at end of 2022.

sustainability_report p.24

Nextracker included in sustainability reportingData confidence — high

In 2022, Nextracker was included in Flex's sustainability reporting activities and CDP responses.

sustainability_report p.3

Dependent: Customer SBT engagementData confidence — high

Target that 70% of customers by emissions covering purchased goods, capital goods and use of sold products will have SBTs by 2025. 64% achieved in 2022. Engagement via quarterly business reviews and shared TCFD/CDP frameworks.

sustainability_report p.23

Future Ready Plan (Fiscal 2023 restructuring plan) announcedData confidence — high

On November 18, 2022, HP's Board approved the Future Ready Plan intended to enable digital transformation, portfolio optimization and operational efficiency, to be implemented through fiscal 2025. Expected workforce reductions of ~7,000 employees and pre-tax charges of ~$1.0 billion.

sustainability_report p.67

Poly acquisition (FY2022)Data confidence — high

HP completed the acquisition of Poly in FY2022. Acquisition and divestiture charges in subsequent periods relate primarily to Poly integration; charges decreased $157M in FY2024 due to reduced integration activities.

sustainability_report p.40

Alignment with UN SDGs and UNGCData confidence — high

Flex aligns sustainability strategy with GRI, UN SDGs and UN Global Compact (member since 2018, reached advanced level for third consecutive year in 2022).

sustainability_report p.3

Primary: Energy efficiency in buildings (HVAC, LED, BEMS)Data confidence — high

Aging lighting and low-efficiency heat pumps/HVAC replaced with high efficiency models and LED. Building energy efficiency projects saved 9,279 tCO2e in 2022 with $3.2M annual savings on $10.5M investment.

sustainability_report p.26

Primary: Energy efficiency in production processesData confidence — high

Process optimization, compressed air, motors and drives improvements saved 2,174 tCO2e in 2022 with $1.1M annual savings on $4.1M investment.

sustainability_report p.26

Dependent: Circular economy (refurbishment, repair, ECO2 calculator)Data confidence — high

Flex aims to be top global provider of circular economy solutions. 2022 refurbishment and remarketing reduced CO2e by up to 90% vs new products and 70% via parts harvesting. 7 sites had zero-waste certifications by end of 2022 (Wuzhong reached gold 95-99% diversion). Launched ECO2 calculator (FY21) for customers to measure embedded carbon; circular economy revenue ~$45M.

sustainability_report p.14

Primary: Sustainable product design across lifecycleData confidence — med

Per HP's 2022 Sustainability Report, sustainable development plans are integrated into the company's product design process, aiming to reduce the environmental impact of products throughout their entire lifecycle. HP emphasizes environmentally friendly ink and toner choices, including UL ECOLOGO-certified original ink cartridges, as part of its primary product sustainability lever.

sustainability_report p.2

Voluntary CDM offsets (hydro and wind) — no durable removalsData confidence — high

Flex retired ~16,535 tCO2e of CDM-issued project credits in 2022 across hydro projects (Sichuan, Babanpur/Killa/Sahoke India, Balsio India, Fundão-Santa Clara Brazil) and the Burgos Wind Project in the Philippines. All credits are renewable-energy emissions-reduction credits (avoidance, not durable removals such as DAC/BECCS).

sustainability_report p.55

Net zero by 2040 commitmentaffects net zero target yearData confidence — high

In FY22, the Board supported the Company announcing its commitment to reach net zero GHG emissions by 2040.

sustainability_report p.4

CDP A- Climate Change 2022, A list water securityData confidence — high

Maintained A- for climate change and A list for water security in 2022. Recognized as CDP Supplier Engagement Leader for second consecutive year.

sustainability_report p.3

2021· 4 events

UL ECOLOGO certification for HP original ink cartridgesData confidence — high

HP's 2021 Sustainability Report announced the industry's first UL ECOLOGO certified original ink cartridges, meeting standards on health/environment, manufacturing/operations, materials, and energy. 224 HP home and office ink cartridges received this certification.

sustainability_report p.3

Class action lawsuit over firmware updates locking out third-party ink cartridgesData confidence — high

HP was sued in class action for allegedly using unauthorized printer firmware updates to lock out third-party ink and toner cartridges, forcing customers to purchase HP-branded eco-friendly cartridges at high prices. The sustainability report disclosed only environmental benefits, omitting pricing and consumer complaints.

sustainability_report p.3

SBTi-approved 50% Scope 1+2 reduction by 2030 (1.5°C aligned)affects scope 1 co2eData confidence — high

Flex commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Target approved by SBTi in 2021, 1.5°C aligned.

sustainability_report p.19

SBTi-validated 1.5°C target: 46% absolute reduction by 2030Data confidence — high

In 2021 IHG set an SBTi-validated 1.5°C-aligned target to reduce absolute Scope 1+2 and Scope 3 (cat 3 FERA + cat 14 franchise energy) emissions by 46% by 2030 from a 2019 baseline. Covers ~77% of total emissions in selected scopes.

sustainability_report p.381

2020· 3 events

SEC charges HP for failing to disclose channel inventory sales tacticsData confidence — high

In 2020, the US Securities and Exchange Commission charged HP with failing to disclose the impact of sales actions taken to achieve quarterly sales/profit targets, including 'pull-in' of printing consumables sales. HP's 2020 Sustainability Report did not disclose the full scope of internal channel inventory, resulting in a $6 million fine.

sustainability_report p.2

Customer SBT engagement targetData confidence — high

Flex commits to partner with 70% of customers by emissions covering purchased goods and services, capital goods and use of sold products to set science-based targets by 2025. 64% achieved in 2022.

sustainability_report p.23

Preferred supplier GHG target engagementData confidence — high

Flex requires 50% of its preferred suppliers to set GHG emissions reduction targets by 2025, and 100% by 2030. 35% achieved at end of 2022.

sustainability_report p.24