We periodically conduct environmental, social, and governance (ESG) materiality assessments to review relevant ESG topics, reconfirm our long-standing areas of focus, and clarify and shape our Sustainable Impact strategy, investments, and disclosures. This process enables us to focus our efforts 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.

HP supports the United Nations Sustainable Development Goals (SDGs). We have existing programs that contribute to progress against 16 of the 17 goals and will continue to drive innovations that help achieve them. Some of our current goals include:

• Use 30% postconsumer recycled content plastic across HP’s personal systems and print product portfolio by 2025¹
• Reduce HP value chain GHG emissions by 50% by 2030 (compared to 2019), and achieve net zero emissions by 2040²
• Counteract deforestation for non-HP paper used in our products and print services by 2030.³ 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
• Assure respect for labor-related human rights⁵ for 100% of our key contracted manufacturing suppliers and higher-risk next-tier suppliers, by 2030
• Enable better learning outcomes⁶ for 100 million people by 2025, since the beginning of 2015

For more information, please see the Sustainable Impact section of the 2021 HP Sustainable Impact Report at www.hp.com/go/report.

¹ Recycled content plastic (RCP) as a percentage of total plastic used in all HP personal systems, printer hardware, and print cartridges shipped during the reporting year. Total volume excludes brand-licensed products and after-market hardware accessories. Total RCP includes postconsumer recycled plastic, closed-loop plastic, and ocean-bound plastics used in HP products. Personal systems plastic is defined by EPEAT^® eco label criteria. Subject to relevant restrictions on the use and distribution of materials destined for recycling and/or recycled feedstocks.

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

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 theproduct and all paper-based materials inside the box.

⁵ Labor-related human rights are defined as modern slavery, working hours, pay, and safety. Assure based on key performance metrics based on evidence and analysis of published disclosures, mandated data submittals, certifications, audits, etc.

⁶ We enable better learning outcomes by supporting education through provision of learning and digital literacy programs and solutions.