4 2022 HP Sustainable Impact Report Executive Summary

About HP

Go Beyond

Letter from our President and CEO

Sustainable Impact strategy

2022 highlights

Climate Action

Human Rights

Digital Equity and philanthropy

Products and services innovation

Recognition

For more than 80 years , HP has prided itself on being a highperformance , purpose-driven company that , through the technology we create and the values we uphold , contributes to a better future .

I am immensely proud of the work our teams are doing to carry on these values . It ’ s not always been easy , and we don ’ t always get it right . No company does . But we are making steady progress , knowing that the long-term success of our business depends upon the wellbeing of the people and communities we serve .

This mindset was instilled in the culture of HP by our founders and today , it has never been more important . Because when you think about the sheer scale of the challenges we face — from the growing threats of climate change to persistent inequality — it ’ s clear we have a lot more work ahead .

That ’ s why , at HP , we don ’ t treat Sustainable Impact as a separate initiative . It ’ s deeply embedded into how we run the company — from the way we design , manufacture and distribute our products , to the services and solutions we create to meet changing customer needs , to the investments we make to help people reach their full potential .

We ’ re constantly pushing ourselves to challenge the status quo and lead our industry forward . And we ’ re holding ourselves accountable , which is why every member of our executive leadership team is responsible for achieving specific goals each year .

Make no mistake : this work isn ’ t just good for the world , it ’ s good for our business . In 2022 , more than 60 % of our revenue met the Corporate Knights standard for sustainable revenue . This reflects the continued trend of customers choosing products and services that help reduce environmental impact — a trend we expect will only accelerate .

As a company , this makes our Climate Action , Human Rights and Digital Equity initiatives all the more important . Two years ago , we announced one of the industry ’ s most ambitious environmental and social impact agendas . Now , in our 22nd annual Sustainable Impact Report , I ’ m pleased to share how we are building on them .

Becoming More Sustainable & Just

HP is taking urgent and decisive action to achieve net-zero carbon emissions across our entire value chain , give back more to forests than we take , and innovate our products and services for a more circular economy . This starts with what we sell , and I ’ m proud that more than 95 % of home and office printers , laptops , notebooks , displays , and workstations shipped to customers in 2022 included recycled materials .

Importantly , we ’ re not just accounting for our own footprint . We are going beyond by reducing our Scope 3 emissions . We have helped our suppliers cut their own carbon emissions by 1.7 million tonnes , and more than 3,500 of our channel partners across 40 countries have made their own sustainability commitments through our HP Amplify Impact program .

As we work to protect our planet , we ’ re also empowering people — both inside HP and across our communities . In the U . S ., 46 % of our new hires in 2022 self-identified as ethnic or racial minorities . Ultimately , we believe companies perform at their best when they attract diverse talent from all walks of life . And by helping people to reach their full potential while protecting human rights across our supply chain , we can help build stronger communities , societies , and economies .

This includes helping to close the digital divide . While the digital economy holds promise for so many people around the world , it also threatens to leave billions behind . That ’ s why we ’ re working to expand access to technology while creating training , curriculum and partnerships that empower

underserved communities . Overall , we have now accelerated digital equity for 21 million people . That ’ s up four-fold since 2021 as we work toward our goal of 150 million by 2030 .

This report provides a deeper look at each of these efforts . You will see areas where we ’ re doing well , and others where we need to improve . This is not about patting ourselves on the back — it ’ s about being transparent and outlining the steps we are taking to continue our progress .

HP has never been a company that shies away from challenges . It ’ s one that creates solutions beyond what we previously thought possible . And by harnessing that same spirit of innovation , we can keep changing the world for the better .

Saludos ,

Enrique Lores President and CEO

Read more in the 2022 HP Sustainable Impact Report