Technology giant Lenovo has emerged as a forerunner in a world where environmental sustainability and corporate social responsibility are becoming more and more important, showcasing its unshakable dedication to building a better and more sustainable globe. The firm has released its 17th annual Environmental, Social, and Governance (ESG) Report, which highlights its impressive advancements in a number of areas, including the use of renewable energy sources, community empowerment worldwide, and closing 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 was one of the first corporations to have its net-zero aims approved by the Science Based aims project, strengthening its position as a leader in sustainability. The business is on track to meet its 2030 short-term emissions reduction goals, which include cutting 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. In order to lower its scope 3 (value chain) emissions, which are typically the highest and hardest to measure in an intricate, global supply chain, Lenovo is working with its suppliers.
The company is dedicated to promoting sustainability with all-encompassing innovations. By expanding the amount of items using 'closed loop' recycled content from end-of-life IT and electronics, it has sped up its transition to a circular economy in the fiscal year 2022–2023. Recycled plastic was impressively blended into approximately 300 items by the international service provider, with the ThinkPad X1 laptops introduced at CES 2023 serving as a prime example. The battery enclosure of these laptops contains up to 97% Post Consumer Content (PCC) plastic, and the speaker enclosures and AC adaptor contain up to 95% PCC plastic.
In order to create a lasting impact, Lenovo believes in working together along its whole value chain. Lenovo designed "Lenovo 360 Circle" as a sustainability community that aids and strengthens the company's downstream ecosystem in response to this. Lenovo 360 Circle enables channel partners to access the full breadth and depth of Lenovo's sustainability approach by fusing people, programs, and solutions. The group encourages cooperation to handle environmental problems collectively and quicken the decarbonization of the IT sector.
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