HP has recently released its 2019 Sustainable Impact Report. Since 2002, the report included workforce diversity because the company sees people as interconnected with the community and the environment.
The report reveals an increase in new hires from underrepresented groups from 57% in 2018 to 63% in 2019. Forty percent of those new hires were minorities. However, Blacks and African Americans accounted for only 4.8% of new hires in 2019 and they make up only 3.8% of HP’s U.S. workforce. On the other hand, 65% percent of the company’s employees identify themselves as white.
According to the tech giant’s chief sustainability and social impact officer Ellen Jackowski, their current diversity numbers are not acceptable and they are taking the necessary action to improve. CEO Enrique Lores has announced plans to double the number of Black and African American executives in the next five years.
The company’s diversity initiatives include a partnership with the National HBCU Business Deans Roundtable through which the company participates in the Historically Black Colleges and Universities (HBCU) Business Challenge. HP is also using its purchasing power to support diversity and inclusion. Its Supplier Diversity program spent $123 million with women- and minority-owned businesses in 2019. The program also encourages the company’s suppliers to promote and improve their diversity.