Lenovo Among First Group of Companies to Achieve Net-Zero Targets
Lenovo’s early adoption of science-based targets resulted in its inclusion in the first group of companies with both near-term 2030 and 2050 net-zero targets by the Science Based Targets initiative.
In a world where corporate responsibility and environmental sustainability are becoming increasingly critical, technology giant Lenovo has emerged as a trailblazer, demonstrating its unwavering commitment to creating a better and more sustainable planet. Today, the company published its 17th annual Environmental, Social, and Governance (ESG) Report, showcasing its remarkable progress in various areas, from renewable energy adoption to empowering global communities and bridging the digital divide.
“As a global company, we have seen the impact of climate change on our stakeholders and feel the urgency to combat it together,” said Yuanqing Yang, Lenovo’s CEO and Chairman. “In the last fiscal year, we were proud to affirm our commitment to reaching net-zero emissions by 2050 with net-zero targets validated by the Science Based Targets initiative (SBTi) and their first-of-its-kind Net-Zero Standard.”
Lenovo’s leadership in sustainability was bolstered this year when it became one of the first group of companies to have net-zero targets validated by the Science Based Targets initiative. The company is on-track to meet its near-term emissions reduction targets for 2030, including reducing Scope 1 and 2 greenhouse gas emissions by 50% and Scope 3 emissions intensities by 66.5% from purchased goods and services, 35% from sold products, and 25% from upstream transportation and distribution. Lenovo is collaborating with suppliers to reduce its scope 3 (value chain) emissions, traditionally the largest category of emissions and the most difficult to track in a complex, global supply chain.
Lenovo is committed to sustainability through holistic innovations. In the fiscal year 2022/23, it accelerated their transition to a circular economy by increasing the number of products with ‘closed loop’ recycled content from end-of-life IT and electronics. Impressively, the global service provider incorporated recycled plastic into nearly 300 products, with the ThinkPad X1 laptops launched at CES 2023 being a prime example. These laptops boast up to 97% Post Consumer Content (PCC) plastic in the battery enclosure and up to 95% PCC plastic in the speaker enclosures and AC adapter.
Lenovo believes in collaborating across its entire value chain to make a sustainable impact. That’s why Lenovo created “Lenovo 360 Circle“, a sustainability community that supports and empowers Lenovo’s downstream ecosystem. By uniting people, programs, and tools, Lenovo 360 Circle unlocks the full breadth & depth of Lenovo’s sustainability strategy for channel partners. The community facilitates collaboration to tackle sustainability issues as a united front and accelerate decarbonization within the IT industry.
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$62 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.