Through social investment, a company can have a meaningful and lasting impact on the lives and livelihood of people around the world. It can also receive significant benefits in return, including stronger relationships and enhanced reputation with stakeholders, heightened visibility of its brand, and deeper engagement and satisfaction of employees.
HP has a long history of enriching the communities where we work and live. We donate money, technology and time to underserved communities with pressing needs as well as to global and local initiatives relevant to our business and the expertise of our employees.
We continually refocus our strategy to align our social investment more closely with our business objectives as they evolve. In 2007, our programs addressed three main areas:
- Educational achievement—helping educators use technology to improve teaching and enhance learning, and increasing access to technology in education from kindergarten to the university level
- Economic development—accelerating economic development in underserved communities, particularly through training and technology support for microenterprise development
- Environmental sustainability—supporting projects that benefit the environment and complement our global citizenship priorities
Moving forward, we will further align our investments with education, focusing on student achievement and entrepreneur success.
Summary of HP’s social investment
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In 2007, we invested $47.1 million in educational, economic development and environmental projects and other local community investments around the world, representing 0.51 percent of our pre-tax profits (see Performance). In the last five years, the value of our social investment totaled more than $262 million.
HP also made donations to support disaster relief efforts around the world. And, HP employees contributed their own funds toward disaster relief to aid victims of the 2007 wildfires in Southern California and also support the American Red Cross Disaster Relief Fund. The employee contributions were augmented by a cash matching program funded by the HP Company Foundation, an independent charitable organization that makes cash grants to support non-profit organizations and educational institutions. During 2007 the HP Company Foundation made donations to support several disaster relief efforts, including a $2 million contribution to the American Red Cross California Wildfires Relief Fund.
In 2007, we also demonstrated our commitment to social investment by:
- Increasing the consistency of our programs across regions and improving how we measure and evaluate program results (see Measuring impact).
- Launching new projects in countries around the world, including Brazil, China, India and Russia, important emerging economies for HP
- Extending our learning communities (online networking and information resources) for grant recipients in all regions
Read about employee giving and volunteerism in our Employees section.
The map below shows the global reach of our social investment programs.
| Partial list of social investment locations during fiscal year 20071 |
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1 Dots represent programs (could be multiple locations) in that country.
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