HP Reports Social and Environmental Performance and Goals for Fiscal Year 2008
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HP Reports Social and Environmental Performance and Goals for Fiscal Year 2008

PALO ALTO, Calif.—(BUSINESS WIRE)—April 6, 2009— HP (NYSE:HPQ) today issued its annual Global Citizenship Report, which describes the company’s policies, programs, performance and goals for fiscal year 2008.

Among the focus areas detailed in the report are environmental sustainability, ethics and compliance, human rights and labor practices, privacy, and social investment. In 2008, HP extended its global citizenship leadership with industry firsts in supply chain transparency and environmental sustainability.

Major global citizenship accomplishments in 2008 include:

“HP’s commitment to global citizenship is based on the premise that keeping our business goals and values aligned drives innovation and growth,” said Gary Elliott, vice president, Global Citizenship, HP. “Our leadership in areas such as supply chain transparency and environmental sustainability demonstrates our commitment to hold ourselves to higher standards of integrity, contribution and accountability.”

HP reuse and recycling milestones, goals and programs

HP additionally announced it has recovered for reuse 3.5 million hardware units weighing 75 million pounds (34,000 metric tonnes(2)) and increased its recycling volume to 265 million pounds (120,000 metric tonnes) globally in 2008.

With a total of 1.71 billion pounds (775,510 metric tonnes) of electronic products and supplies recovered to date – almost the total weight of the Golden Gate Bridge(3) – HP is on track to meet its goal to recycle 2 billion pounds (900,000 metric tonnes) of products by the end of 2010 (since 1987) and to reuse 450 million pounds (200,000 metric tonnes) of products by the end of 2010 (since 2003). HP’s progress includes recycling 1,435 million pounds (650,000 metric tonnes) to date, and more than 275 million pounds (125,000 metric tonnes) have been reused.(4)

HP operates product reuse and recycling services in 53 countries or territories worldwide. In 2008, it expanded its audit program for reuse and recycling vendors and posted the results of 2008 on-site audits, disclosing the summary results of the assessments of 13 reuse and 30 recycling vendors in 22 countries. HP plans to conduct an additional 55 audits of its reuse and recycling vendors in 2009 to further promote transparency.

Additional highlights from HP’s reuse and recycling programs include:

The full fiscal year 2008 Global Citizenship Report is available at www.hp.com/go/report. A customer version for enterprise and public sector customers is available at www.hp.com/go/customer.

HP and the environment

For decades HP has been an environmental leader, driving company stewardship through its HP Eco Solutions program, which spans product design, reuse and recycling as well as energy and resource efficiency. HP influences industry action by setting high environmental standards in its operations and supply chain, by providing practical solutions to make it easier for customers to reduce their climate impact and through its research on sustainability solutions that support a low-carbon economy. More information is available at www.hp.com/ecosolutions.

About HP

HP, the world’s largest technology company, simplifies the technology experience for consumers and businesses with a portfolio that spans printing, personal computing, software, services and IT infrastructure. More information about HP is available at http://www.hp.com/.

Note to editors: More news from HP, including links to RSS feeds, is available at http://www.hp.com/hpinfo/newsroom/.

(1) See Climate and Energy – Operations.
(2) One metric tonne is equivalent to 2,205 pounds.
(3) Total weight of the Golden Gate Bridge, anchorages and approaches as of 1986: 1,773,979,658 pounds (804,525 metric tonnes). Source: http://goldengatebridge.org/research/factsGGBDesign.php.
(4) These goals were updated this year to distinguish reuse from recycling and increase the overall amount of the target.
(5) Through the end of fiscal year 2008; at least 50 percent recycled plastic by weight, minimum 95 percent post-consumer.
(6) This is a large increase over the cumulative total HP announced in early 2008 (200 million inkjet print cartridges). HP has been working with suppliers to accurately account for the recycled content it uses. In 2008, HP reconciled recycled plastic usage from one of its large resin suppliers; that usage is now included in HP’s totals.

ENERGY STAR® is a registered mark owned by the U.S. government.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2009 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2008. HP assumes no obligation and does not intend to update these forward-looking statements.

© 2009 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.



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