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HP Global Citizenship Report
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Introduction
Letter from Mark Hurd
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HP’s employees delivered an impressive performance in 2007, and it showed in our results. We surpassed $100 billion in revenue — a first for a technology company. We grew non-GAAP operating profit dollars 30 percent. And we delivered advanced products and services that helped make our customers — from consumers to the largest global companies — more cost efficient, more energy efficient and more productive. As much progress as we’ve made, we still have work to do. We’re not satisfied to be a world class company. We want to be the world leader — not only in our market and financial performance but in our global citizenship activities as well. HP is keenly aware of our responsibilities as a global citizen. We do business across most countries and markets in the world, and we know that our policies and practices — from our ethics and governance to energy and the environment — have an impact far outside the confines of our business. To us, global citizenship is not just an important business initiative; it is a statement of our values, a measure of our commitment to society and the planet we all share, and the foundation for responsible leadership in an increasingly interdependent world. To that end, HP continues to support the UN Global Compact, the world's largest, global corporate citizenship initiative. Our three global citizenship priorities — supply chain responsibility, climate and energy, and product reuse and recycling — are more critical than ever to our business success. These are the areas that reflect growing customer demands and where we can make the greatest contribution. Supply chain responsibility Climate and energy We are more than two years ahead of schedule in meeting our commitment to cut the combined energy consumption and associated greenhouse gas emissions of HP operations and products to 20 percent below 2005 levels by 2010 — so we’ve raised our goal to 25 percent. We’re also researching the development of low-carbon solutions that will help reduce climate impact in other parts of the economy and collaborating with other companies, policy makers and non-governmental organizations to develop effective responses to combat climate change. Product reuse and recycling In addition to these priorities, we continue to address other global citizenship areas vital to our business. With the growing challenge to privacy from emerging technologies, HP is pioneering an approach to the protection and responsible use of personal information. This effort goes beyond compliance with the law and our codes of conduct to take into account our values, customer expectations and a range of potential risks. At the same time, we’re investing in programs that enrich the communities where we work and live around the world. In 2008, we will further align our investments with education, focusing on student achievement and entrepreneurship. None of our global citizenship success in 2007 would have been possible without the contributions of our 172,000 employees, who provide an endless source of ideas, energy and inspiration. In addition to leading our global citizenship initiatives across the country, their contributions of time, expertise and money (as well as the volunteerism of HP retirees) enrich their local communities.With our presence around the world and our history of responsible citizenship, HP is in a rare position to help address some of the planet’s most critical challenges — not alone but in partnership with governments, organizations, companies and individuals. I am confident we will meet these challenges the way we have met others — with focus, resolve and ingenuity — to become the global corporate citizen that we aspire to be. Sincerely,
Mark Hurd
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