ABSTRACT
HP strives to reduce the environmental impact of its supply chain and its operations through the products and solutions they offer to their customers. The company understands that in light of increasing resource constraints due to global population growth, a growing middle class, and urbanisation, companies that are able to meet demand with lower resources will have significant advantages. Circular economy is ‘a regenerative system in which resource input and waste, emission, and energy leakage are minimised by slowing, closing, and narrowing material and energy loops. The company is committed to transforming its supply chains, business models, and product design for a more resource-efficient, low-carbon, and circular economy. The company’s product design and business model supports its efforts to implement closed-loop supply chains. HP is the transition to a circular economy by innovating its business models. HP offers leasing, renting, and other types of service contracts for ink, print, and product code services.
