HPQ Silicon Inc V.HPQ

Alternate Symbol(s): HPQFF

HPQ Silicon Inc. (HPQ) is a Canada-based technology company specializing in green engineering of silica and silicon-based materials. The Company is engaged in developing, with the support of technology partners PyroGenesis Canada Inc. (PyroGenesis) and Novacium SAS, new green processes to make the critical materials needed to reach net zero emissions. Its activities are centered around the three pillars: becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the Fumed Silica Reactor, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis; becoming a producer of silicon-based anode materials for battery applications with the assistance of Novacium SAS, and Novacium SAS is engaged in developing a low carbon, chemical base on demand and high-pressure autonomous hydrogen production system. The Company operates in a single operating segment, segment, being the sector of the transformation of quartz into silicon materials and derivative products.

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HPQ Silicon Inc > Biggest Companies Plan to Reduce Emissons By Culling Supplie

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Comment by Pandoraon Jun 08, 2021 2:22am

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Post# 33346065

RE:Biggest Companies Plan to Reduce Emissons By Culling Supplie

Is this what you call "cutting off your nose to spite your face"? Or just plunging into the darkness without a light? Slow and steady with logic and common sense might be more appropriate but they just want to plunge because of the "target date" -- without regard for likely consequences.
Fools rush in where angels fear to tread might be another view. Just because they're big doesn't mean they are wise.

developbc wrote: fd

Biggest Companies Plan to Reduce Emissons By Culling Supplie

Biggest Companies Plan to Reduce Emissons By Culling Suppliers

Biggest Companies Plan to Reduce Emissons By Culling Suppliers - BNN Bloomberg

*This should bode very well for HPQ product offerings

(Bloomberg) -- For the world’s biggest companies, reducing emissions means cutting suppliers that aren’t moving quickly enough to prepare for a low-carbon economy.

Just short of 80% of multinational companies will start culling “slow-to-transition suppliers” by 2025, and 15% have already begun to do so, according to a report from Standard Chartered Plc based on a survey of corporate executives at 400 of the world’s largest companies. Since more than 70% of emissions for such businesses come from their supply chains, lowering those emissions is the first step in their climate-change strategies.

With companies such as Apple Inc., Royal Dutch Shell Plc and Unilever Plc all committing to reach net-zero emissions, the carbon contribution of global supply chains is under scrutiny like never before. While dropping suppliers may provide a quick win for a company’s road to net zero, it also will disproportionately affect emerging economies that are likely to face the greatest social and economic toll from climate change.

“This should be a wake-up call to suppliers,” said Amit Puri, global head of environmental and social risk management at Standard Chartered. “The net-zero debate has intensified the focus on carbon emissions, and companies are working to understand the sources of emissions and their impacts in a more meaningful way.”

Standard Chartered found 57% of multinationals were willing to replace emerging-market suppliers with ones in developed markets that are less reliant on fossil fuels if it would help them reach net zero. The 400 companies surveyed by the bank had at least one supplier based in either Bangladesh, China, Hong Kong, India, Indonesia, Kenya, Malaysia, Nigeria, South Africa, South Korea, Singapore or the United Arab Emirates.

In those 12 counties, about a third of exports, or $1.6 trillion, are “set to be subject to multinational corporation zero tolerance on carbon,” according to the report.

“For the net-zero trailblazers, outsized opportunities await,” said Simon Connell, global head of sustainability strategy at London-based Standard Chartered. “Those that fail to take up the challenge, meanwhile, can expect to lose access to a significant slice of business in the near future.”