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Manuel Sosa SkrainkaHP Inc.

Before we start, I would like to ask you one question. And for the answer, I would like a quick show of hands.

Please raise your hand if you have heard about environmental issues - in the media, in discussions you had, in any

context really - over the last week; over the last month; [if necessary] over the last year

Thank you. That's basically all of us. The environment - and more generally sustainable impact - has become an such a

hugely important issue, for everybody - governments, individuals, and for companies.

In the next hour we are going to explore what Sustainable Impact means for us, at HP. What we do about it, what it

brings to us, and what we will do next, together.

We will cover:

• How HP looks at sustainable impact - based on our 3 pillars - Planet, People, Community.

• We’ll see how it's already driving a significant part of our business

• Then we’ll explore how together we can win even more business thanks to sustainable impact…

• … and how we can inspire both our teams, and the communities we work and live in.

Some of you have already been integrating Sustainable Impact into your actions for years. Some of you are just getting

started. And it’s absolutely OK.

Our goal today, and our desired outcome is that after this session, you feel even more confident and equipped to talk

about Sustainable Impact, and you are clear on what you are going to do to leverage it, to win even more business,

and to inspire your teams.

We have a lot to cover, so we will stay at a fairly high level - but we will bring the most important aspects to life through

examples.

We will also tell you how you and your teams can leverage all the resources you have at your disposal.

Finally I hope we’ll have time for a Q&A, and at any rate we will be available after this session to answer any further

questions you may have.

Before we do all that, somebody who couldn’t join us today has a very special message to share with you, just for this

occasion.

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HP in action

Named to DJSI World Index, FSTE4Good, CDP Climate A lists, and EcoVadis CSR Ratings

1st to publish supply chain responsibility code of conduct and industry-leading standards

Pledges more than US$20M to enhance education for more than 100M people by 2025

Sustainability is coreto our vision of makinglife better…

Has most diverse board of directors among U.S. technology companies

Uses plastic content from recycled water bottles for new HP inkjet cartridges

Commits to achieving 100% renewable electricity usage in global operations

© Copyright 2017 HP Development Company, L.P. The information contained herein is subject to change without notice.

We’ve been recognized as a global leader. For example, HP was named to the Dow Jones Sustainability World Index for

the sixth year in a row. Since 2003 we’ve been named to the FTSE4Good Index, which scores companies on their

environmental, social, and governance programs. We’ve been awarded a position on CDP’s Climate “A” List, which

recognizes the top companies who are taking action to reduce emissions and mitigate climate change in the past

reporting year. And we’ve been named to the EcoVadis Gold Corporate Social Responsibility Ratings for the eighth time

in a row, placing among the top 5% of all companies in this annual corporate social responsibility assessment.

We provide a safe working environment and make sure all employees are treated fairly across our supply chain, with

strict industry-leading standards to protect vulnerable workers and reduce the risk of exploitative labor practices. For

example, we are the first IT company to require direct employment of foreign migrant workers in our supply chain

through the HP Supply Chain Foreign Migrant Worker Standard. And we created the HP Student and Dispatch Worker

Standard for Supplier Facilities in the People’s Republic of China, the first such standard in our industry, as part of our

commitment to protect all workers in our supply chain.

HP has committed more than $20 million in technology, training, R&D, and funding contributions to enable better

learning outcomes for more than 100 million people by 2025. This commitment is part of HP’s strategy to improve

access to quality education and lifelong learning for everyone in the classroom and beyond, particularly in underserved

communities. To increase the reach of our education initiatives, HP will expand programs like HP World on Wheels,

which brings digital literacy to rural India through mobile learning labs; provide refugees in the Middle East with access

to personalized, blended learning experiences through HP Learning Studios; and increase the use of HP LIFE, a free

global e-learning program of the HP Foundation.

HP’s commitment to diversity begins at the highest level, with our Board of Directors. As of June 2017, HP has the most

diverse board of directors among U.S. technology companies, including five women and five minority members with

three underrepresented minorities. Our chief diversity officer leads efforts to advance our diversity and inclusion (D&I)

strategy and to strengthen our diverse culture, above and beyond our rigorous diversity and inclusion policies.

In 2016, we committed to achieve 100% renewable electricity usage in global operations (HP owned and leased

facilities). As an important step toward this ambitious pledge, HP set a goal to reach the 40% renewable electricity mark

by 2020 in its global operations.

Through our closed-loop recycling process we have manufactured more than 3.4 billion ink and toner cartridges using

more than 88,900 tonnes of recycled plastic from recovered cartridges via the HP Planet Partners program. We’ve

recycled 70 million apparel hangers and 3.8 billion plastic bottles to date, helping to divert on average more than 1

million water bottles per day from landfills.

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HP’s global emissions impact and goals

Products and solutions (49.3%)Supply chain (49.3%) Operations (1.4%)

Capital goods

Materials extraction through

manufacturing

TransportUpstream energy

production

Facilities Transportation fleet

Business travel

Employee commuting

Product use

Product end of service

Buildings leased to

others

Investments

16,500,000

200,000

18,100,000

100,000 1,500,000 228,700 31,400 70,000 200,000De minimis

200,000 De minimis

Reduce first-tier production supplier and product transportation-related GHG emissions intensity 10% by 2025, compared to 2015

Achieve zero deforestation associated with HP paper and paper-based product packaging

Help suppliers cut 2 million tonnes of CO2e emissions between 2010 and 2025

Reduce the GHG emissions intensity of our product portfolio by 25% by 2020, compared to 2010

Reduce Scope 1 and Scope 2 GHG emissions from global operations by 25% by 2025, compared to 2015

Committed to 100% renewable electricity in global operations with 40% by 2020

© Copyright 2017 HP Development Company, L.P. The information contained herein is subject to change without notice.

At HP, we have systematically analyzed our carbon footprint and taken action to reduce our GHG emissions across

operations, supply chain, and products. As you will see, our footprint breaks down as follows:

• Supply chain accounts for close to 50% of HP’s carbon footprint.

• GHG emissions from our offices, data centers, and manufacturing facilities account for about 2% of emissions across

our value chain.

• And our products and solutions portfolio accounts for approximately 50% of the company’s carbon emissions.

HP’s carbon footprint in 2017 equaled 37,130,100 tonnes of CO2e, 2% more than in 2016. We anticipate this amount

could increase in 2018, due to the acquisition of Samsung Electronics Co., Ltd.’s printer business.

During the year, we worked to make progress toward the goals we have set across our value chain.

Products

• Reduce the GHG emissions intensity of HP’s product portfolio by 25% by 2020, compared to 2010.1 Through the end

of 2017, we achieved a 33% decrease, meeting our goal.

Supply Chain:

• Reduce first-tier production supplier and product transportation-related GHG emissions intensity 10% by 2025,

compared to 2015.2 Through December 2016 (the most recent year data is available), GHG emissions intensity

increased by 4% compared to 2015.

• Achieve zero deforestation associated with HP brand paper and paper-based product packaging3 by 2020. We

achieved this for HP brand paper in 2016 and maintained that performance in 2017. We developed a packaging

supplier performance plan to drive progress in that area.

• Help suppliers cut 2 million tonnes of carbon dioxide equivalent (CO2e) emissions between 2010 and 2025.4 Through

2017, suppliers avoided 1.05 million tonnes of CO2e emissions.

Operations

• Reduce Scope 1 and Scope 2 GHG emissions from global operations by 25% by 2025, compared to 2015.5 In 2017, we

decreased Scope 1 and Scope 2 GHG emissions from global operations by 35%, exceeding our 2025 goal.

• Achieve 100% renewable electricity usage in global operations, with an interim target of 40% by 2020. In 2017, we

exceeded our initial goal by using 50% renewable electricity in our global operations.

Footnotes:

• HP product GHG emissions intensity measures GHG emissions during product lifetime use per unit for personal

systems and per printed page for printers based on anticipated lifetime usage. These values are then weighted by

contribution of personal systems and printing products to overall revenue in the current year. These emissions

represent more than 99% of HP product units shipped each year, including notebooks, tablets, desktops, mobile

computing devices, workstations, displays and digital signage; and HP inkjet, LaserJet, DesignJet, Indigo, Scitex, and

Jet Fusion 3D printers, and scanners.

• Intensity is calculated as the portion of first-tier production and product transportation suppliers’ reported GHG

emissions attributable to HP divided by HP’s annual revenue. This method normalizes performance based on

business productivity. Intensity is reported as a three-year rolling average to decrease the impact of variance year

over year and highlight longer-term trends. Production supplier GHG emissions include Scope 1 and Scope 2.

• All HP brand paper and paper-based product packaging will be derived from certified and recycled sources by 2020,

with a preference for virgin fiber from certified sources of the Forest Stewardship Council (FSC). Packaging is the box

that comes with the product and all paper (including packaging and materials) inside the box

• This continues a goal from before the separation of Hewlett-Packard Company on November 1, 2015, extending the

goal to 2025. Includes data from suppliers associated with HP Inc. and HP Inc. pre-separation business units.

• Due to the acquisition of Samsung Electronics Co., Ltd.’s printer business, which closed on November 1, 2017, we are

assessing the manner and timing of resetting our 2015 Scope 1 and Scope 2 GHG emissions and water consumption

baselines.

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Operational efficiencies

Design LEED-certified buildings

Use renewable energy to reduce GHG emissions

Incorporate energy efficiency and resource conservation into daily operations and new construction

Reduce water consumption, particularly in water-stressed areas

Operational efficiencies

© Copyright 2017 HP Development Company, L.P. The information contained herein is subject to change without notice.

HP’s commitment to transformative innovation spans our entire value chain, including our operations. While HP’s offices

and manufacturing facilities represent only a small percentage of our overall greenhouse gas (GHG) emissions and water

use, we strive to model best practices and to continually improve our performance. Our onsite sustainability policies,

programs, and partnerships benefit our business and the environment and deliver value for our customers.

We pursue environmental management and green building certifications at HP owned and leased facilities worldwide

when feasible. In 2017, 17 facilities continued to be part of our global ISO 14001 certificate, and we are currently

transitioning to the latest version of the ISO 14001 standard. Additionally, 14 locations have LEED® certification and one

has achieved Green Mark certification. Our future Houston, Texas, United States, site, under construction, is targeting

LEED Gold.

Electricity usage

• In 2016, we bolstered our commitment to sustainability by pledging to achieve 100% renewable electricity usage in

our global operations, with an initial goal of 40% renewable electricity by 2020. To support these efforts, we joined

RE100, a global initiative led by the Climate Group of top businesses committed to using 100% renewable electricity

to lead the transformation of global energy markets. In 2017, we procured and generated 353,366 MWh of

renewable electricity globally, 237% more than in 2016. This equaled 50% of our global total, exceeding our 2020 goal

of 40%.

• Energy use represents a significant amount of HP’s annual operating expense, so optimizing energy efficiency is the

first phase of our GHG emissions reduction strategy. For example, in 2017, we implemented projects at seven

locations that will save 4,100 MWh on an annual basis. We have identified further opportunities to save 18,000 MWh

through audits at 11 other sites. These efforts included retro-commissioning at our Palo Alto, California, United

States, and Barcelona, Spain, sites; installing LED lighting Upgrades; conducting American Society of Heating,

Refrigerating and Air-Conditioning Engineers (ASHRAE) energy audits; implementing R22 refrigerant replacements;

and following smart building principles for new construction and renovations.

GHG emissions

• In 2017, we announced a new target to reduce Scope 1 and Scope 2 GHG emissions from our global operations by

25% by 2025, compared to 2015. In 2017, we decreased Scope 1 and Scope 2 GHG emissions from global operations

by 35% compared to 2015, exceeding our 2025 goal. The main drivers included increased energy efficiency as well as

the purchase of renewable energy and renewable energy certificates in the United States.

Water

• We established a goal to reduce potable water consumption in global operations by 15% by 2025, compared to 2015.

• While HP’s operations are not water intensive, we are committed to reducing our consumption, particularly in water-

stressed regions. We use the World Resource Institute’s Aqueduct Water Risk Atlas tool to assess the risk of sites and

prioritize water-stressed locations. To reduce and recycle water used at our facilities, we employ smart building

practices, sustainable landscaping, infrastructure upgrades, and greywater reuse.

• In 2017, HP introduced sustainable landscaping to our Boise, Idaho, United States, campus, replacing non-indigenous

grass on campus with native grasses that require less maintenance and watering and attract local pollinators. When

fully mature in 2019, the project is expected to save approximately 82,500 cubic meters of water annually (equivalent

to 33 Olympic-size swimming pools) and reduce landscaping costs by 50%. The facility became the first corporate

campus worldwide to be certified using the USGBC Sustainable SITES Initiative v2 rating system. In 2018, we plan to

introduce a sustainable landscaping project at our Corvallis, Oregon, United States, campus and pursue USGBC

Sustainable SITES certification.

Waste

• Although our facilities do not generate large amounts of waste, we employ a global policy of “reduce, reuse, and

recycle” that supports our company-wide shift toward a circular economy.

• In 2017, our Palo Alto, California, United States, headquarters became the first corporate campus in the state to

achieve Gold TRUE Zero Waste certification, through Green Business Certification Inc. and the United States Green

Building Council. We plan to pursue certification at additional sites globally in 2018.

NOTE: Image of HP San Diego facility.

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Reducing carbon emissions

Reducing carbon emissions

Set goal to reduce the carbon footprint of our supply chain

Programs help suppliers build capabilities, increase efficiencies, and implement improvement processes

More than 1.05 million tonnes of CO2e emissions prevented

Suppliers have saved an estimated $86 million through programs

© Copyright 2017 HP Development Company, L.P. The information contained herein is subject to change without notice.

We work with our first-tier production and nonproduction suppliers to reduce their carbon footprint and decrease

emissions related to product transportation.

These efforts are intended to advance us toward our goal of helping suppliers reduce their carbon footprint by cutting 2

million tonnes of CO2e emissions between 2010 and 2025.1 As of December 2017, our suppliers had achieved 53% of

this target through new and ongoing energy efficiency projects, energy management programs, and renewable energy

use motivated by engagement with HP. Combined, these efforts have avoided more than 1.05 million tonnes of CO2e

emissions through 2017, and saved our suppliers $86 million in electricity costs alone.

Programs that are helping suppliers reduce their energy use include:

• Our Energy Efficiency Program (EEP) in China and Southeast Asia is an initiative for reducing production suppliers’

utility costs and environmental footprint. Since 2010, more than 200 first-tier and sub-tier supplier sites have joined

and benefited from EEP. Implemented in collaboration with NGOs such as BSR, the World Resources Institute, and

WWF, the program helps suppliers to build capabilities, improve energy efficiency, and explore the use of renewable

energy.

• We have collaborated with Natural Resources Defense Council, the China National Institute of Standardization, local

agencies, and suppliers in Suzhou, China, to pilot the Strategic Energy Management Program. This three-year trial

program aims to enhance suppliers’ operations, technology, and continuous improvement processes related to

energy management and will establish best practices and national guidelines for facility energy management to

benefit suppliers across China’s IT sector.

Through our Sustainability Scorecard, we set requirements for our suppliers. We periodically raise our expectations to

motivate ongoing improvement. In 2018,we are updating our supplier environmental management criteria to include

science-based GHG emissions reduction targets and third-party verification of GHG emissions.

Footnotes:

• Intensity is calculated as the portion of first-tier production and product transportation suppliers’ reported GHG

emissions attributable to HP divided by HP’s annual revenue. This method normalizes performance based on

business productivity. Intensity is reported as a three-year rolling average to decrease the impact of variance year

over year and highlight longer-term trends. Production supplier GHG emissions include Scope 1 and Scope 2.

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HP products are designed with sustainability in mind

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HP Design for

Sustainability (DfS)

Materials innovation(less materials, more recycled

content, lower impact)

Energy efficiency(reduce energy required for manufacture and use of our products)

Product as a service(MPS, Instant Ink, DaaS)

Durability and reparability(ease of repair and upgradeability)

End-of-service options(repair, reuse and recycling)

Social Impact

Sustainability is in the DNA of our products. Our Design for Environment program (DfS) ensures that we focus on what is

best for the planet with each product. The principals of DfS include:

Materials innovation

Energy efficiency

Product as a service

Durability and reparability

End of service options

Social Impact

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User

Maintenance/upgrade modelHP Indigo & PageWide Presses, Modular design, freely available service manuals, longevity & reparability

Materials recovery and reuseProduct recycling, print supplies closed loop (rPET, rPP, r2P2), hardware recycled content (PCs, printers

Reuse/refurbishmentHP Indigo Reconditioning program, PC and Printer Return/Reuse Programs

Product-as-a-serviceHP Subscription Services, MPS, DaaS, Instant Ink

Parts

Services

Products

HP and the Circular EconomyIntegrating sustainability throughout our business

Circular economy enablers

HP Jet Fusion3Dprinting solution

HP commercial and industrial graphics printing solutions

Materialsreduction/reuseand renewableenergy initiatives inHP’s supply chainand operationsalso support thecircular economy

© Copyright 2017 HP Development Company, L.P. The information contained herein is subject to change without notice.

HP propels the circular economy with products, practices, and services that let customers do more and consume less.

Our solutions also support our business strategy.

For example:

• Core—At the core of these efforts is our closed-loop recycling process. Through this groundbreaking recycling

innovation, we have manufactured more than 3.8 billion ink and toner cartridges using more than 99,000 tonnes of

recycled plastic from more than 784 million recovered cartridges via the HP Planet Partners program. We’ve recycled

86 million apparel hangers and 4 billion plastic bottles to date, helping to divert on average more than 1 million water

bottles per day from landfills.

• Growth—Our HP Instant Ink ink-replenishment program ensures customers have ink when they need it and that they

can recycle used cartridges more efficiently. Through the HP Instant Ink program, an Internet-connected printer

notifies HP when it is running low on ink, and a replacement cartridge is automatically delivered. The switch to a

service-based model provides incentives on both sides that result in economic benefits, including cost savings on ink

of up to 50%1 for customers, while at the same time driving more sustainable outcomes. Compared with conventional

business models, printers using ink-subscription based models helps customers decrease the carbon footprint of ink

purchase and disposal by 84%, reduce energy use by 86%, and lower water usage by 89%.2

• Future—Our investments in 3D printing let people move effortlessly from imagination to creation without having to

worry about the barriers of scale. With fast, localized, and customized production, customers can use materials more

efficiently by streamlining processes, improving short-run manufacturing, significantly reducing waste, and extending

product life cycles.

Footnotes:

• “Based on monthly subscription cost using only all pages in plan vs. cost per page of most color inkjet printers <

$399USD. Share from IDC CYQ1 2016. Standard cartridge CPP from gap intelligence AiO Weekly (IJP Weekly

5/15/16).

• Compared with non-subscription purchase of the same HP ink cartridges. Based on a 2017 life cycle assessment

(LCA) performed by Four Elements Consulting and commissioned by HP. Analysis includes the CO2 equivalent

associated with customer trips to purchase ink cartridges at a retail store versus delivering directly to a customer’s

house, and it includes recycling empty ink cartridges versus throwing them away. Data and assumptions drawn from

six years of customer data in the United States. Reductions in materials consumption, carbon footprint, energy use,

and water usage are average value.

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