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Displaying articles for: November 2012

Getting started in the working world: New HP/public sector collaboration for Tunisia’s youth

What do young adults need to get started in the working world? An important collaboration, investing USD 3.3 million in support of Tunisia’s youth (announced in November 2012), believes that young people today need increased access to better-quality services designed to support young entrepreneurs by providing them with a foundational education, services and mentorship. Young adults also need job opportunities, which can be best achieved through supporting direct capacity-building for enterprises with high employment potential.

 

Ambitious aims such as these require collaboration between the private and public sectors.  HP is proud to offer this support to the young people of Tunisia in a new collaboration with the United Nations Industrial Development Organization (UNIDO), the US Agency for International Development (USAID), and the government of Italy (Tunisia’s neighbor, seeking shared prosperity as partners in the Union for the Mediterranean).

 

HP’s Vice President of Sustainability and Social Innovation, Gabi Zedlmayer, says the multi-million dollar private/public sector collaboration should “equip young people in Tunisia with relevant entrepreneurship skills to help create much needed new jobs”. The project focuses on the HP Learning Initiative for Entrepreneurs (HP LIFE) program, which recently expanded to offer all of its IT and entrepreneurial training courses online. As Tunisia maintains political and commercial links with other Arabic and French-speaking countries, the potential also exists for HP LIFE to expand into new geographies through this collaboration.

 

HP named among environmental sustainability leaders

(Contributed by Gabi Zedlmayer, Vice President of HP’s Office of Sustainability and Social Innovation)

 

HP has once again been ranked among the top companies in the world for its sustainability efforts in two major environmental reports.

 

First, for the third year in a row, HP ranked 2nd on the 2012 Newsweek Green Rankings of the top 500 U.S. companies and secured the 22nd position on the Global 500 list. HP also earned a top spot on the Greenpeace Guide to Greener Electronics, placing second on the list and ranking as the top U.S. company.

 

Placement on the Newsweek Green Rankings lists is determined by an overall score derived from research and analysis provided by Trucost and Sustainalytics, two leading environmental research firms. A company’s overall “Green Score” is based on its environmental performance in the areas of environmental impact, environmental management, and disclosure.

 

In this year’s rankings, HP improved in all three categories and in the combined Green Score—rising from an overall score of 75.8 in 2011 to 78.5 in 2012.

 

HP scored 5.7 points out of a possible 10 in this year’s Greenpeace Guide to Greener Electronics, which evaluates leading consumer electronics companies based on their commitment and progress in three environmental criteria: Energy and Climate, Greener Products, and Sustainable Operations.

 

Greenpeace recognized HP for efforts in Sustainable Operations, highlighting our paper procurement policy, which bans suppliers linked to illegal logging, as well as our policies and practices related to the sourcing of conflict minerals. In the Energy category, Greenpeace noted that we have one of the best programs for measuring and reducing greenhouse gas emissions from our suppliers.

 

Additional information on HP’s environmental sustainability efforts may be found on the HP Global Citizenship website.

VideoBook Brings Learning to a Whole New Level

Many people are skeptical about companies’ motives behind ‘giving back’ to society. They suspect corporate giving is merely expensive window dressing aimed at achieving good publicity while diverting attention from elsewhere. Others argue that corporations can’t do good business by being good citizens. CEOs – who are tasked with increasing profit margins – are forced to justify the considerable expense of corporate social responsibility initiatives to stakeholders and demonstrate a shared value to the business. Shared value is the overlap between creating social impact while also rewarding their company’s bottom line.

 

At HP, we strongly believe that good citizenship and good business go hand in hand. One recent example of our success is the HP VideoBook educational system. This Wall Street Journal award-winning initiative enriches digital texts by incorporating carefully selected relevant videos from YouTube and other online sources. It turns plain text documents into rich media documents and brings concepts to life, enabling students to get multiple perspectives on the same topic. Student performance in India significantly improved when using VideoBook, along with Mindspark, an adaptive learning tool, and another HP program, called “Lab-in-Box,” a mobile lab that gives computer access to some of India’s poorest children.

 

The outcomes are encouraging HP to extend the scale and scope of its social innovation initiatives and sell the same technology as an open solution for both licensing in schools and as an enterprise solution for employee on-boarding to the Indian market. HP is turning the initiative into a multi-million dollar revenue opportunity in India with the potential to expand it to other countries around the world. Clearly, corporate ‘giving back’ is delivering shared value.

 

All that aside, delivering shared value takes plenty of hard work, partly because much of it is in unchartered territory. VideoBook was invented by visionaries working in HP Labs in India. Seeing its potential, the worldwide group responsible for HP Sustainability and Social Innovation (HP SSI) developed a new workstream around cloud-based Personalized Learning to help develop, test and support this solution to bring it to the broader market.

 

But that wasn’t all. It took combining the energies and expertise of many HP employees with the knowledge of our in-country partners Educational Initiatives, Indian government officials, schools and teachers. It was a collaborative effort, with everyone working toward the same shared goal. HP SSI believes in this model of supporting innovation internally and collaborating to build change.

 

HP CEO Meg Whitman discusses FY12 results and Autonomy Impairment Charge on CNBC

This morning, Meg Whitman sat down with CNBC’s David Faber for an extended discussion of regarding its earnings report and details of the Autonomy impairment charge. 

 

Watch the full interview here: CNBC.com

HP Reports Fourth Quarter and Full Year 2012 Results

HP today announced financial results for its fourth fiscal quarter and full fiscal year ended Oct. 31, 2012. For the full year fiscal 2012, net revenue of $120.4 billion was down 5% from the prior year period and down 4% when adjusted for the effects of currency.

 

(Editor's note: for more details, read today's press release, "HP Reports Fourth Quarter and Full Year 2012 Results”)

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