News release

HP Joins WWF Climate Savers Program, Pledges Further Reductions in Emissions and Energy Consumption

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HP has joined the WWF Climate Savers program, a group of leading corporations from around the world that are working with World Wildlife Fund to reduce their greenhouse gas emissions, WWF and HP announced today.

At a Climate Savers summit held this week in Tokyo, HP officials pledged to reduce emissions from operations and the use of its products by six million tons below 2005 levels by 2010. In addition, the company committed to reduce energy consumption by 15 percent in its operations from 2005 levels, while achieving a 25 percent reduction in the energy used by its products and operations combined below 2005 levels by 2010.

“WWF commends HP for its strong commitment to energy reductions—not only within its own operations, but in placing a strong emphasis on increasing energy efficiency in its products,” said Carter Roberts, WWF-US President and CEO. “HP’s bold actions should serve as a model for other technology companies seeking to transform the way they do business to help protect the planet.”

“HP has been an environmentally-sensitive company for decades; it’s simply part of our culture and DNA,” said Mark Hurd, Chairman and CEO, HP. “We take a leadership role in climate change initiatives like WWF Climate Savers, and we will continue to seek innovative ways to reduce our carbon footprint.”

HP’s announcement comes as companies from around the world gathered to discuss business strategies to reduce climate change at the Climate Savers Tokyo Summit. During the summit, HP said it will sign the Tokyo Declaration – a call to action and renewed commitment on global warming.

HP officials said the company has already made great strides in reducing its emissions through operational efficiency and product recycling. In 2007, HP announced it would reduce energy use from its products and operations by 20 percent over 2005 levels by the end of 2010. But by the end of October 2007, HP had already reached a 19.2 percent reduction, so it strengthened the goal further to 25 percent.

Between 1987 and 2007, HP recycled one billion pounds of its products, representing 900,000 tons of avoided greenhouse gas emissions, and it set a new goal to recover another one billion pounds by the end of 2010. HP made further progress in January 2008 when it announced a commitment to reduce the energy consumption of its volume desktop and notebook PC families by 25 percent by 2010, and today it is working to consolidate its 85 data centers worldwide into six data centers with high-efficiency servers and cooling technology.

Beginning in 2006, HP embarked on a joint initiative with World Wildlife Fund-US to establish an absolute reduction target for greenhouse gas emissions from HP’s operating facilities worldwide, explore efficiency goals for products, educate and inspire others to adopt best practices for climate change initiatives and use HP technology in conservation efforts around the world by 2010.

WWF’s Climate Savers was founded in 1999 and currently comprises 15 major international companies committed to reducing their total emissions by over 10 million tons of carbon dioxide per year. Climate Savers companies were among the first to recognize that climate change poses both risks and opportunities to business. Leading corporations are partnering with WWF to establish ambitious targets to reduce their greenhouse gas emissions voluntarily. By increasing efficiency, Climate Savers companies are saving hundreds of millions of dollars, proving that protecting the environment is sound business practice.

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 totalling $104.3 billion for the four fiscal quarters ended Oct. 31, 2007. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

About WWF

For more than 45 years, WWF has been protecting the future of nature. The largest multinational conservation organization in the world, WWF works in 100 countries and is supported by 1.2 million members in the United States and close to 5 million globally. WWF’s unique way of working combines global reach with a foundation in science, involves action at every level, from local to global, and ensures the delivery of innovative solutions that meet the needs of both people and nature. Go to worldwildlife.org to learn more.