HP Reports Social and Environmental Progress and Goals in Fiscal Year 2006

PALO ALTO, Calif., March 2, 2007–HP today issued its annual Global Citizenship Report (GCR) outlining the company´s progress, as well as challenges, for fiscal year 2006. It outlines our revised global citizenship priority areas, which include energy efficiency of products and operations, supply chain social and environmental responsibility, and product reuse and recycling.

HP´s major global citizenship accomplishments in 2006 include:

*A climate change initiative with World Wildlife Fund (WWF) to strengthen action on climate change through education and outreach, provide funding and technology to advance climate change science, and reduce carbon dioxide emissions related to energy use.

*Two capability building projects for suppliers: the Focused Improvement Supplier Initiative (FISI) in China and the Central Europe Supplier Responsibility (CESR) Project.

*Progress towards HP´s goal of recycling 1 billion pounds of computer hardware and print cartridges by the end of 2007, by recycling 165 million pounds and bringing the company´s cumulative total to 920 million pounds.

Where appropriate, HP´s Global Citizenship Report uses the Global Reporting Initiative (GRI) guidelines as a basis for reporting. The full FY06 Global Citizenship Report is available online at http://www.hp.com/go/report

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 $94.1 billion for the four fiscal quarters ended Jan. 31, 2007. More information about HP (NYSE: HPQ) is available at www.hp.com.

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