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Letter from CEO Meg Whitman
Our founders, Bill and Dave, first put Global Citizenship on the list of HP corporate objectives in 1957. And we still know today that being a good corporate citizen is integral to our innovation and performance. It is central to our corporate purpose of advancing the way people live and work.
The world is facing many challenges: climate change and rising energy costs, the need for economic development and social equality, and increasing information security and privacy concerns – just to name a few.
HP is leading the way with a strong commitment to providing solutions for our customers that address business issues in ways that can also positively impact society and the planet.
We've made great progress in 2012.
We launched the first commercialized product from our Project Moonshot, which will truly revolutionize the data center with an entirely new category of server. We expect it to consume up to 89% less energy and 80% less space at 77% less cost, and I am confident it will be an extreme improvement over anything else on the market.
We also launched new responsible supplier guidelines for student and dispatch workers in China. This is an industry-first initiative that protects high-risk workers and promotes responsible labor practices. This initiative is part of HP's larger commitment to ensuring that our suppliers meet high ethical standards and treat our extended workforce with dignity and respect, reducing turnover and supporting product quality.
This past year, we also published our complete carbon footprint, a measure of our environmental impact as a corporation. This includes the footprint of our extended supply chain, our own operations, and the footprint of our products and services in use. This is another first in the IT industry.
The saying goes that you can't manage what you can't measure, and we can now measure our complete carbon footprint. This insight allows us to commit to new goals like reducing the carbon dioxide emissions of our operations by another 20% by 2020. Achieving this goal will help lower HP's operating costs and energy-price risk, providing business benefits as well as environmental benefits.
In our Global Citizenship Report, you'll learn about these examples and many others. In addition, to promote higher standards across the areas of human rights, labor, environment, and anticorruption, we endorse the United Nations Global Compact as a practical framework for the development, implementation, and disclosure of sustainability policies and practices.
The contributions we make to benefit people, communities, and the planet also create value for HP, our employees, our customers, and our shareholders.
It's not just good values, it's good business – and that means a path to sustainable growth.