STANDARD MODERN COMPANY, INC.
Climate Impact & Sustainability Data (2020-11-01 to 2020-10-31, 2022)
Reporting Period: 2020-11-01 to 2020-10-31
Environmental Metrics
ESG Focus Areas
- Climate Action
- Human Rights
- Digital Equity
- Circular Economy
Environmental Achievements
- 138 tonnes of spare parts (67% of parts returned) reused after refurbishment
- 16% of the plastic content in HP Indigo hardware, supplies and packaging (excluding ink) was non-virgin, through parts reuse or the use of postconsumer recycled content plastic.
- Key environmental performance features of HP Indigo presses have been certified by the third party Intertek under its Green Leaf program.
- 12,650 tonnes of CO2e avoided through offsets for all HP Indigo presses
- All HP Indigo presses are manufactured CO2 neutral.
- Reduced packaging waste up to 26% for brands using HP Indigo.
- Reduced global warming impact by as much as 65% compared to analogue printing technologies (for HP Indigo 25K).
Social Achievements
- Absorbed three external contractors as employees in 2020.
- 4.5/5 employee satisfaction rate in 2020.
- Implemented several green office initiatives based on employee feedback (e.g., Waze carpool group, vegan-friendly food options).
- Zero incidents of discrimination in 2020.
- Expanded focus on Arab citizens of Israel, a typically underrepresented population in the tech sector.
- Partnered with Co-Impact Partnership to improve diversity practices.
- Organized activities and internal awareness campaigns to promote LGBTQ+ rights.
- 400,000 personalized masks produced for medical staff during the pandemic.
- 2,200 volunteer cases in 2020.
Governance Achievements
- Established the Environmental Forum and Program Management Committee – an advisory board driving environmental initiatives for 15 years.
- Adheres to HP Inc.’s supply chain responsibility program and developed its own specialized management system for supplier quality.
- 90% of production supplier audits were third-party certified RBA Validated Assessment Program (VAP) audits.
- Zero confirmed incidents of corruption in 2020.
Climate Goals & Targets
- Achieve 50/50 gender equality in HP Inc.'s Leadership by 2030
- 2% reduction in energy consumption at all sites by 2025 (compared with 2019)
- 8% reduction in energy consumption at all sites by 2025 (compared with 2019)
- Double the number of HP Indigo employees from the Arab population within the next three years.
- 10% of open positions to be filled by Arab citizens of Israel.
- 1-2% decrease in electricity consumption in 2022 (Kiryat Gat)
- Increase the number of employee volunteers to 40-50% by 2022
- Every employee to have volunteered at least once in 2023
Environmental Challenges
- Reducing GHG emissions from transportation fleet.
- Reducing energy consumption at all sites.
- Managing waste streams.
- Ensuring supplier compliance with quality and ethical standards.
Mitigation Strategies
- Implementing energy efficiency projects (e.g., chiller replacement, Blygold application).
- Investing in renewable energy (e.g., solar panels).
- Implementing a smart air control system.
- Implementing a water leak detection system.
- Implementing a metering system to measure water used in gardening.
- Developing a Supplier Quality Management Module (SQM) database.
- Conducting supplier audits and implementing corrective action plans.
Supply Chain Management
Supplier Audits: 90% of production supplier audits were third-party certified RBA VAP audits (2020)
Responsible Procurement
- Supplier Code of Conduct
- General Specification for the Environment
- Conflict-free minerals sourcing
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI Standards: Core option, SASB
Certifications: ISO 14001, LEED-Silver (Kiryat Gat ink manufacturing site)
Third-party Assurance: BDO Ziv Haft Consulting and Management ESG team
UN Sustainable Development Goals
- SDG 5: Gender equality
- SDG 7: Affordable and clean energy
- SDG 8: Decent work and economic growth
- SDG 12: Responsible consumption and production
- SDG 13: Climate action
HP is investing in energy efficiency, shifting toward less GHG-intensive energy sources, and aiming for 100% renewable electricity by 2025. The company is committed to fair treatment, safe working conditions, and freely chosen employment. HP aims to develop products and solutions that keep materials in use, grow the market for recycled content, and offer robust repair, reuse, and recycling programs. HP is reducing its impact by setting targets for GHG emissions and working with suppliers to set their own goals.
Sustainable Products & Innovation
- HP Indigo presses designed to reduce energy use and promote energy efficiency.
- Recyclable and compostable media compatible with HP Indigo presses.
- Deinkable and recyclable printed products.
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Governance
Environmental Achievements
- Reduced toxic chemical reliance through quarterly chemical recycling.
- Usage of highest possible post-consumer recycled papers and board from suppliers with high ethical standards and business practices.
- Implementation of reusable and composable packaging options.
- 100% Renewable Energy Credits usage.
- Use of soy and vegetable inks only.
Social Achievements
- Staff resources and training programs.
- Staff incentive programs for cycling or walking to work.
- Remote and hybrid work options.
- One-time bonus incentive for staff purchasing electric or hybrid vehicles.
- Quarterly bonuses for employees who cycle or walk to work.
Governance Achievements
- Engaged reputable outside service providers to enhance efforts and strengthen policies, processes, procedures, and training.
- Commitment to utilizing vendors with ethical practices, supplier diversity initiatives, and sustainability plans and processes.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Commitment to utilizing vendors with ethical practices, supplier diversity initiatives, and sustainability plans and processes.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: WBENC (WBE and SBA/WOSB), SDO (SOMWBA), G7 Master Facility Colorspace compliant
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed