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HP 72/100

(NYSE:HPQ) 1 of 20 (2016)

HP Inc. (HP) ranks first on the ICT benchmark report, demonstrating a higher degree of transparency on its approach to managing forced labor risks in its supply chain than its peers. HP also ranks first in the four thematic areas of commitment and governance, traceability and risk assessment, purchasing practices, and monitoring. Notably, the company discloses leading practices in the areas of commitments and governance, and traceability and risk assessment, receiving the maximum achievable score. Despite its stronger performance relative to its benchmark peers, there is an opportunity for HP to further strengthen its performance by disclosing evidence that it audits recruitment agencies used in its supply chain. Furthermore, it may consider improvements in the area of worker voice.

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72 /100

2016 Ranking: 1 of 20

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72

HP was evaluated both in 2016, when it ranked first out of 20 companies, and in 2018, when it ranked second out of 40 companies. It remains one of the top scoring companies, despite having a significantly smaller market capitalization than the majority of the top ten scoring companies. The company maintained a score of 72/100, despite a strengthened methodology which makes it harder to achieve the same score. Since 2016, it has improved its performance and disclosure by chairing the steering committee of Responsible Business Alliance's Responsible Labor Initiative, collaborating with peers to provide forced labor training to suppliers, and piloting a grievance mechanism at supplier factories in Malaysia.

METHODOLOGY

72

The average score for the sector was 32/100, compared to 39/100 in 2016. The drop in score is due in part to the increase in number of small and mid cap companies from 20 to 40, as well as the changes made to the methodology that strengthened it. The 20 companies benchmarked in both 2016 and 2018 saw their average score improve from 39/100 to 40/100, which is notable given the changes to the methodology.

2018 BENCHMARK

2016

72

HP was evaluated both in 2016, when it ranked first out of 20 companies, and in 2018, when it ranked second out of 40 companies. It remains one of the top scoring companies, despite having a significantly smaller market capitalization than the majority of the top ten scoring companies. The company maintained a score of 72/100, despite a strengthened methodology which makes it harder to achieve the same score. Since 2016, it has improved its performance and disclosure by chairing the steering committee of Responsible Business Alliance's Responsible Labor Initiative, collaborating with peers to provide forced labor training to suppliers, and piloting a grievance mechanism at supplier factories in Malaysia.

METHODOLOGY

2018

72

The average score for the sector was 32/100, compared to 39/100 in 2016. The drop in score is due in part to the increase in number of small and mid cap companies from 20 to 40, as well as the changes made to the methodology that strengthened it. The 20 companies benchmarked in both 2016 and 2018 saw their average score improve from 39/100 to 40/100, which is notable given the changes to the methodology.

2018BENCHMARK

THEME AND INDICATOR SCORE

The benchmark methodology has seven themes, selected to capture the key areas where companies need to take action to eradicate forced labor from their supply chains. There are a total of 22 indicators across the seven themes. For each theme, a company can score a total of 100 points.

Commitment and Governance

The company's top-level commitments on forced labor, supply chain standards, management processes, training programs and stakeholder engagement

OVERALL 100
INDICATORS
Awareness and Commitment
100
Supply Chain Standards
100
Management and Accountability
100
Training
100
Stakeholder Engagement
100

Traceability and Risk Assessment

The extent to which the company traces its supply chain and conducts forced labor risk assessments, and discloses information about these processes.

OVERALL 100
Traceability and Risk Assessment
100
Transparency
100

Purchasing Practices

The company's awareness and action on purchasing practices that can exacerbate forced labor risks, and its process for selecting suppliers, integrating standards into contracts and cascading them down the supply chain.

OVERALL 88
Purchasing Practices
100
Supplier Selection
50
Integration into Supplier Contracts
100
Cascading Standards through the Supply Chain
100

Recruitment

The company's approach to reducing exploitation by recruitment agencies and eliminating workers' payment of fees for their jobs.

OVERALL 42
Recruitment Approach
75
Recruitment Fees
50
Recruitment Audits
0

Worker Voice

The extent to which the company proactively communicates with workers through the supply chain, enables freedom of association and ensures access to effective and trusted grievance mechanisms.

OVERALL 21
INDICATORS
Communication of Policies
25
Worker Voice
0
Worker Empowerment
0
Grievance Mechanism
60

Monitoring

The company's process for auditing (including whether it includes non-scheduled visits, document review, worker interviews) and disclosure about the audit process and findings.

OVERALL 80
Auditing Process
100
Audit Disclosure
60

Remedy

The extent to which the company has corrective action plans for non-compliant factories, as well as processes for remedying workers who are victims of forced labor, and reports on remedies provided.

OVERALL 75
Corrective Action Plans
100
Remedy Programs
50

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Access the underlying data and non-scored information in a spreadsheet for ease of comparison or download all the scorecards.

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