HP Recycling Rate Increased 16 Percent in 2006

HP recycled more than 74 million kilograms (164 million pounds) of hardware and HP print cartridges globally in its 2006 fiscal year – an increase of 16 percent over the previous year and the equivalent weight of more than 600 jumbo jet airliners.

In addition, HP collected more than 2.5 million units of hardware globally – weighing more than 22.6 million kilograms (50 million pounds) – to be refurbished for resale or donated.

Highlights from HP’s recycling programs in 2006 include: 

In 2005, HP recovered for reuse and recycling more than 45 percent (74 million kilograms, 164 million pounds) of the total volume of hardware taken back by the top three PC vendors at the time. IBM recovered approximately 120 million pounds and Dell recovered approximately 80 million pounds, according to reports⁽²⁾ published by the two firms.

To date the company has recycled more than 417 million kilograms (920 million pounds) of hardware and HP print cartridges globally. This puts the company on track to surpass its goal of recycling 455 million cumulative kilograms (1 billion pounds) by the end of this year.

“Closing in on our 1 billion pound goal is yet another example of HP’s commitment to reducing impact on the environment,” said Pat Tiernan, vice president, Corporate, Social and Environmental Responsibility, HP. “Part of environmental responsibility at HP is to provide global recycling programs that give our customers choice, convenience and control in how to dispose of products responsibly.”

This year marks the 20th anniversary of the inception of HP recycling programs, which now operate in more than 40 countries, regions and territories. The programs seek to reduce the environmental impact of IT products, minimize waste going to landfills and help customers conveniently discard products in an environmentally sound fashion. Plastics and metals recovered from products recycled by HP have been used to make a range of new products, including auto body parts, clothes hangers, plastic toys, fence posts, serving trays and roof tiles.

In addition to recycling, HP offers a variety of product end-of-life management services including donation, trade-in, asset recovery and leasing. More information about HP’s environmental responsibility is available at www.hp.com/go/environment.

HP is a technology solutions provider to consumers, businesses and institutions globally. The company’s offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2006, HP revenue totaled $91.7 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at www.hp.com.