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UPDATE - HP Introduces First-of-its-kind Sustainable Impact Program for Partners to Extend .
HP Inc.February 11, 2021 GMT
New HP Amplify Impact program represents major step forward in company’s ambitious goal to become the most sustainable and just technology company by 2030
PALO ALTO, Calif., Feb. 11, 2021 (GLOBE NEWSWIRE) Today, HP Inc. unveiled HP Amplify™ Impact, an industry-first partner assessment, resource and training program aimed at driving meaningful change across its three Sustainable Impact pillars – Planet, with an emphasis on climate change; People with an emphasis on human rights and social justice; and Community with an emphasis on bridging the digital divide. Partners that pledge to join the HP Amplify Impact program will work with HP to assess their own practices while tapping into the company’s extensive investments and initiatives.
By Susanna Rust2021-02-02T12:00:00+00:00
A new company, Universal Owner, has been established to measure the efficacy of climate change-focussed engagement by investors.
The start-up is the creation of Thomas O’Neill, who co-founded InfluenceMap, an NGO that also challenges investors and investor groups on the credibility and robustness of their pledges and actions.
O’Neill said he left InfluenceMap “to focus on the concept of impact and helping institutional investors achieve it through their engagements”.
Universal Owner is aiming to formally launch in February with publication of a report critiquing engagement by asset managers.
According to its website, Universal Owner’s overall goal is to “correct a flaw in the market” whereby “investors and civil society care deeply about engaging successfully with their investee companies, but we have no clear theory about how to measure the efficacy of an environmental engagement”.