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HP and Schulich School of Business Establish Research Chair in Corporate Social Responsibility

MISSISSAUGA, Ont., Oct. 28, 2003

Hewlett-Packard (Canada) Co., in collaboration with Toronto's Schulich School of Business at York University, today announced the endowment of the Hewlett-Packard Chair in Corporate Social Responsibility at Schulich. The $2 million endowment will be unveiled tonight by Carly Fiorina, HP chairman and chief executive officer, during her delivery of the Schulich School's annual James Gillies Alumni Lecture.

The creation of this Chair in Corporate Social Responsibility (CSR) is the result of more than 10 years of academic leadership by Schulich in CSR. The Chair will extend Schulich's impact across the globe, playing a pivotal role in defining emerging corporate social responsibility issues, conducting research, teaching CSR-related courses and engaging in community outreach. A key area of exploration will be new models of stakeholder engagement and the role of information technology within the global economy.

"It is imperative that the next generation of global business leaders graduate with not only the right business skills, but also the ethical depth they will need to do right by all stakeholders," said Fiorina. "This endowment reflects HP's strong belief that the academic community must continue to play a key role in the development of corporate leaders who will use corporate behaviour as a lever for positive social change."

According to Paul Tsaparis, HP Canada president and chief executive officer, "Schulich's longstanding commitment to advocating and teaching the principles of transparency, sustainability and overall corporate responsibility, when combined with its ability to attract a diverse population of students from more than 50 countries, enables it to act as a powerful global force for the right kind of corporate citizenship."

The Schulich School is internationally recognized for its commitment to CSR. It was recently honoured by the World Resources Institute and the Aspen Institute jointly as one of only six "cutting-edge" business schools from around the world preparing future executives with a solid training in environmental and social impact management.

"HP has demonstrated real vision and commitment in its approach to bringing corporate social responsibility to life," said Dezsö J. Horváth, dean of the Schulich School of Business. "This endowment is further evidence of HP's desire to celebrate its success as a company by helping to enrich the communities in which it operates."

According to Tsaparis, HP strives to be an exemplary corporate global citizen by operating all aspects of its business with uncompromising integrity, by designing environmentally sound products, and by making technology accessible to all people as a means to learn, work and thrive. Several examples of these principles at work in Canada include HP's "Planet Partners" environmental stewardship program and its sponsorship of "Taking Pulse," a leading forum that addresses career development and training initiatives for Canada's Aboriginal youth.

The Schulich School offers a variety of corporate social responsibility courses of study including a comprehensive program in Business and Sustainability as well programs in corporate governance. The school also runs the Sustainable Enterprise Academy, North America's premier executive education program on sustainable development. Schulich's faculty includes some of the country's foremost experts in the field of corporate social responsibility.

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, personal computing and access devices, global services and imaging and printing for consumers, enterprises and small and medium businesses. For the last four quarters, HP revenue totaled $71.3 billion. More information about HP is available at http://www.hp.com. More information about HP is available at http://www.hp.ca.

About HP

HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.