Lenovo announces new goals in climate change mitigation, circular economy, and sustainable materials. As part of its annual Environmental, Social and Governance (ESG) Report, Lenovo shares ESG progress and lays out plans for using smarter technology to create a brighter, more sustainable future for all.
Lenovo is committed to improving energy efficiency by 50 percent for desktop computers and servers, and by 30 percent for laptops and Motorola products by fiscal year 2029/30. The company also announces a goal to have 90 percent of its electricity from renewable sources by fiscal year 2025/26 and to remove one million tons of greenhouse gas emissions from its supply chain. These goals also support science-based 2030 targets, which include reducing Scope 1 and 2 emissions by 50 percent, and reducing emissions intensity in the value chain by 25 percent in three key areas (products, suppliers, and transportation). The company is exploring the path to net-zero targets after being selected by the Science Objectives Initiative (SBTi) to test a science-based methodology for achieving net-zero emissions.
Chief Executive Officer Yang Yuanqing said: “The urgent need to combat climate change, protect natural resources, invest in our communities and manage ourselves to the highest ethical standards has increased.” It is now up to global companies and their leaders to continue building resilience in our operations and between our communities in the coming months, years, and decades. “
Lenovo will continue to transition to a circular economy through innovation in supply chain and product design, while making better use of sustainable materials to reduce waste. By fiscal year 2025/26, 100 percent of PC products will contain post-consumer recycled content, and 90 percent of plastic packaging will be made from recycled content. Smartphone packaging will use 50 percent less single-use plastic, and will be reduced in size and volume by 10 percent by fiscal year 2025/26. In addition, it will enable Lenovo to recycle and reuse 363 million kilograms of expired products and will use 136 million kilograms of post-consumer recycled plastics in its products.
In addition to environmental goals, Lenovo’s social impact goals encourage the pursuit of an inclusive environment. By fiscal year 2025/26, Lenovo has set new goals for the company’s composition so that women will occupy 27 percent of global leadership roles (up from 21 percent in 2020) and underrepresented minorities will occupy 35 percent of leadership roles in the United States. 2020). After launching the Lenovo Product Diversity Office in 2020, the company aims to have 75 percent of its products tested by end-to-end design experts by fiscal year 2025/26 to ensure they work for everyone, regardless of physical characteristics or capabilities.
The company’s philanthropic approach brings smarter technology to everyone by giving underrepresented communities access to technology and STEM education. Lenovo also announces a goal of impacting 15 million people’s lives during fiscal year 2025/26 through philanthropic programs and partnerships, with another goal of making a transformative impact for 1 million people through vocational training, job skills training, and device ownership.
This is the fifteenth annual Environmental, Social and Corporate Governance Report, covering the fiscal year 2020/21 (from April 1, 2020 to March 31, 2021). In addition to the updated ESG goals and metrics, the report outlines milestones such as grants $15 million in pandemic-related aid For teachers, community leaders and charitable organizations, receive appreciation from CDP As the supplier engagement leader, placing Lenovo in the top 7 percent of companies that submitted information to CDP. In addition, the report notes Lenovo’s participation in the Disability Integration Initiative value 500The Fast Company is recognized as one of the best workplaces for innovators. become lenovo recently too in Gartner’s ranking of the Top 25 Global Supply Chains, reflecting their purpose-based organization and operational excellence in the global supply chain community. For more information visit Lenovo StoryHub.
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