We periodically conduct environmental, social, and governance (ESG) materiality assessments to review relevant ESG topics and reconfirm our long-standing areas of focus. These assessments clarify and shape our Sustainable Impact strategy, investments, and disclosures. This enables us to focus on the areas where we can have the greatest impact, determine gaps in our approach, and identify trends and leadership opportunities for our business. ESG materiality assessment informs our goals-setting process, and we have set aggressive goals related to several of our most ESG-material topics to manage performance and drive long-term progress.

At HP, we support the United Nations 2030 Sustainable Development Goals (SDGs) and recognize the importance of contributing to a more sustainable future. We have existing programs that contribute to progress of 16 of the 17 goals and continue to drive innovations that help achieve them. Some of our current goals include:

• Reduce HP value chain GHG emissions by 50% by 2030 (compared to 2019), and achieve net zero emissions by 2040¹
• Reach 75% circularity for products and packaging by 2030²
• Recycle 1.2 million tonnes of hardware and supplies by 2025, since the beginning of 2016
• Counteract deforestation for non-HP paper used in our products and print services by 2030³ and continue to source only sustainable fiber for all HP brand paper and paper-based packaging for home and office printers and supplies, PCs, and displays⁴
• Reach one million workers through worker empowerment programs by 2030, since the beginning of 2015⁵

For more information, please see the Climate Action section of the 2022 HP Sustainable Impact Report at www.hp.com/go/report.

¹ Absolute reduction of Scope 1, 2, and 3 GHG emissions compared to 2019. Excludes non-HP paper consumed during product use.

² Percentage of HP’s total annual product and packaging content, by weight, that will come from recycled and renewable materials and reused products and parts by 2030.

³ Fiber by weight will be 1) certified to rigorous third-party standards, 2) recycled, or 3) balanced by forest restoration, protection, and other initiatives through HP’s Forest Positive Framework.

⁴ HP-brand paper and paper-based packaging for home and office printers and supplies, PCs, and displays are derived from certified and recycled sources, with a preference for Forest Stewardship Council® (FSC®) certification. Packaging is the box that comes with the product and all paper-based materials inside the box.

⁵ This replaces and expands on our prior goal to develop skills and improve the wellbeing of 500,000 factory workers by 2025, since the beginning of 2015. Prior to 2020, data included production supplier workers only. In 2020, we expanded the scope of our program to also include nonproduction supplier workers and workers at HP-controlled manufacturing facilities.