PALO ALTO, Calif., September 25, 2007 – HP was honored as “Best in Class” in its approach to climate change disclosure in a report released this week by the Carbon Disclosure Project (CDP), a coalition of more than 315 global investors with more than $41 trillion in assets. HP achieved a perfect score of 100 on the issue of climate change on the CDP survey of the “Financial Times 500” corporations. In the report, HP was included in the Climate Disclosure Leadership Index (CDLI), a prestigious honor roll for global corporations addressing the challenges of climate change.

The CDLI is produced by industry research firm Innovest. It is comprised of 68 FT500 companies that show distinction in their responses to the CDP survey based on their reporting of greenhouse gas emissions and climate change strategies, as well as the quality and effectiveness of programs put in place to reduce overall greenhouse gas emissions.

“HP has set itself apart from its peers by disclosing the information required by investors to judge its readiness for the challenges and opportunities posed by climate change,” said Paul Dickinson, Chief Executive, CDP.

All companies in the FT500 were assessed relative to their peers through the CDLI. The assessment provides on evaluation for investors of those companies that have developed the most comprehensive climate change disclosure practices. Innovest ranked companies on a 100-point scale and all companies that achieved a score of 85 or higher were featured in the CDLI. More information on the CDLI can be found at the CDP website: www.cdproject.net.

HP and the Environment
For decades HP has worked to manage its environmental impact by adopting environmentally responsible practices in product development, operations and supply chain. The company strives to be a global leader in reducing its carbon footprint, limiting waste and recycling responsibly. More information about the company’s environmental programs is available at www.hp.com/environment.

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 $100.5 billion for the four fiscal quarters ended July 31, 2007. More information about HP (NYSE: HPQ) is available at www.hp.com.