In October 2014, our Board of Directors announced the decision to separate Hewlett-Packard into two companies, Hewlett Packard Enterprise and HP Inc. This strategic step provides each new company with the focus, financial resources, and flexibility to adapt quickly to market and customer dynamics while generating long term value for shareholders.

This shift also presented a unique opportunity to examine the full breadth of our Sustainability impact worldwide and to streamline our strategy to optimize return on our citizenship investments. In 2014, we began conducting a strategic review of our Sustainability initiatives to ensure we are maximizing capacity, providing for future growth opportunities, and enabling continued contributions to society.

Building on our 75 year heritage and more than a decade of reporting, citizenship continues to be integral to both companies. We believe a purpose-driven strategy is essential to spur innovation, improve operational performance, and engage employees.

From the beginning, our founders, Bill Hewlett and Dave Packard, believed their company should create great products and help make the world a better place. This commitment is fully integrated in HP's strategy and culture, as we work ever harder to create new possibilities for technology to move people, businesses, governments, and society forward.