News release

HP Reports Social and Environmental Progress and Goals in Fiscal Year 2007

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HP today issued its annual Global Citizenship Report that outlines the company’s progress, as well as challenges, for fiscal year 2007.

Among the global citizenship priority areas detailed in the report are energy efficiency of products and operations, supply chain social and environmental responsibility, and product reuse and recycling.

HP’s major global citizenship accomplishments in 2007 include:

• In 2007, HP conducted 150 audits of its suppliers. The company is providing training and support to help them meet the same stringent social and environmental standards to which HP holds itself, and the suppliers are responding with great progress and a commitment to ongoing improvement.
• Nearly three years ahead of schedule, HP has met its goal to reduce the annual energy consumption and associated greenhouse gas emissions of its operations and products sold each year to 20 percent below 2005 levels by 2010. As part of the company’s comprehensive climate change strategy and to underscore its commitment, HP has increased its target to 25 percent below 2005 levels by 2010, and it joined the World Wildlife Fund Climate Savers program in 2008.
• HP exceeded its goal to recycle 1 billion pounds (450,000 tonnes) of electronic products and supplies by the end of 2007. Now, the company has challenged itself to recover an additional 1 billion pounds for reuse and recycling by the end of 2010.

In addition, this year HP is disclosing its list of suppliers, making it the first major company in the technology industry to do so. HP expects this step will promote transparency and progress in raising standards in the IT industry’s supply chain and also encourage other companies to do more to advance responsibility within their own supply chains.

Where appropriate, HP’s Global Citizenship Report uses the Global Reporting Initiative guidelines as a basis for reporting. The full fiscal year 2007 Global Citizenship Report is available at www.hp.com/go/report.

About HP

HP focuses on simplifying technology experiences for all of its customers – from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world’s largest IT companies, with revenue totaling $107.7 billion for the four fiscal quarters ended Jan. 31, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. HP shall not be liable for technical or editorial errors or omissions contained herein.