HP Inc. announced a series of ambitious goals to drive a more diverse, equitable and inclusive technology industry, including a pledge to achieve gender parity in leadership by 2030.
The announcement is part of HP’s Sustainable Impact strategy to create a positive, lasting impact on the planet, our people and communities where we live, work and do business.
This follows HP’s recent announcement of some of the industry's most aggressive and comprehensive climate action goals.
“Our 2030 goals are designed to make HP the world’s most sustainable and just technology company. The actions we’re taking to address some of society’s greatest challenges will strengthen our communities while spurring innovation and growth across our business,” said Enrique Lores, president and CEO at HP Inc.
“Creating a culture of diversity, equity and inclusion has long been integral to HP’s success, but our work is far from done,” Lores continued. “We will continue pushing to break down barriers within our own organization while using our platforms to advance gender and racial equality, social justice and human rights across our ecosystem.”
HP’s new commitments will contribute to the United Nations (U.N.) Sustainable Development Goals and are consistent with the U.N. Guiding Principles on Business and Human Rights.
More than 30%of HP’s leaders are women, nearly doubling the industry’s benchmark of 16% of women in senior positions.
Given that COVID-19 has disproportionately impacted many women, with one in four considering leaving the workplace or downshifting their careers, according to a recent Lean In and McKinsey study, HP said it is making a concerted effort to support women’s career advancement. The company aims to achieve 50/50 gender equality in HP leadership by 2030. HP also commits to achieving greater than 30% technical women and women in engineering roles by 2030.
As a founding member of the Historically Black Colleges and Universities (HBCU) Business Deans Roundtable, HP has a long-lasting relationship with HBCUs and hosts an annual business challenge to help Black students kickstart a career in technology. HP’s Supplier Diversity Program in the U.S. had an overall economic impact of approximately $1 billion last year.
Earlier this year, HP publicly launched its Racial Equality and Social Justice Task Force with a comprehensive set of goals that will accelerate the strategies, practices and policies around pipeline, retention and promotion for Black and African American talent; leverage its industry spending power to influence its ecosystem, including HP’s partners, vendors and suppliers; and advocate for Black and African Americans through public policy, civic action and clear corporate positions on local and national issues. HP is also a founding member of OneTen, a coalition of businesses who are coming together to upskill, hire and advance one million Black individuals in America over the next 10 years into family-sustaining jobs.
HP aims to have its racial/ethnic representation meet or exceed market availability in the U.S. by 2030.
“The COVID-19 pandemic, combined with the murder of George Floyd and so many others whose lives were needlessly cut short, sparked a long-overdue reckoning with the systemic inequities that afflict our communities,” said Lesley Slaton Brown, chief diversity officer at HP Inc. “We’re committed to turning the tragedies and challenges of the past year into a force for meaningful change. We will not turn a blind eye to the forces of racism, discrimination and inequity that hold so many back from reaching their potential, and we will not rest until everyone, everywhere has access to the opportunities they deserve.”
Moving forward, HP commits to maintaining a higher than 90% rating on its internal inclusion index for all employee demographics annually.
