Lenovo has released its Environmental, Social, and Governance (ESG) Report for the fiscal year 2024/25, highlighting the company’s efforts to meet its 2030 emissions reduction targets and its ongoing commitment to reaching net-zero greenhouse gas emissions by 2050. This ambitious goal aligns with the Science Based Targets initiative, which provides companies with a clear path to reduce emissions and contribute to the fight against climate change. As Lenovo nears the completion of its first generation of ESG key performance indicators, the company is poised at a crucial juncture in its sustainability journey, demonstrating significant progress across several key objectives.
### Accelerating Environmental Progress
The latest ESG report from Lenovo underscores the company’s dedication to environmental sustainability through active participation in the circular economy. This includes the continued incorporation of closed-loop recycled materials in its products. Closed-loop recycling refers to the process where materials from old products are reused to create new ones, thus minimizing waste and conserving resources. Lenovo’s commitment extends beyond product manufacturing, as the company offers sustainability services designed to empower customers to engage in repair, recycling, and reuse. These services are pivotal in extending the lifecycle of products and keeping valuable materials in circulation, thereby reducing the overall environmental footprint.
### Recognition and Accolades
The report also highlights Lenovo’s growing recognition for its sustainability efforts. The company has achieved several prestigious accolades, including the Platinum Recognition from EcoVadis, a leading provider of business sustainability ratings. Additionally, Lenovo received an AAA rating from MSCI ESG Ratings, which evaluates companies based on their environmental, social, and governance performance. Furthermore, the Hong Kong Institute of Certified Public Accountants (HKICPA) awarded Lenovo the Gold Award for Best Corporate Governance and ESG. These achievements are a testament to Lenovo’s transparent and credible progress in the realm of sustainability.
Lenovo’s supply chain practices have also been acknowledged, with the company ranking #8 in Gartner’s Top 20 Global Supply Chains. Gartner’s ranking assesses companies based on their supply chain excellence, including their ESG performance, for which Lenovo scored an impressive 9 out of 10. Such recognition highlights Lenovo’s commitment to integrating sustainability into every aspect of its operations.
### Expanding Social Impact
Lenovo’s social impact initiatives have scaled globally, reflecting the company’s commitment to fostering an inclusive and equitable workplace. In 2024, Lenovo was recognized as a Best Workplace for People with Disabilities by Disability:IN in the United States. This recognition was subsequently expanded to the United Kingdom and Brazil, showcasing Lenovo’s global application of best practices. Moreover, Lenovo’s dedication to community engagement was evident during its annual “Love on Month of Service” initiative. This initiative witnessed a record-breaking 44% increase in the number of people reached through volunteer efforts by Lenovo employees worldwide.
### A Milestone Year for ESG
Dave Carroll, Lenovo’s Senior Vice President, Chief Legal Officer, and Corporate Responsibility Officer, emphasized the significance of this year in Lenovo’s ESG journey. With the first generation of key performance indicators nearing completion, Lenovo is proud of the progress made thus far and is focused on laying the groundwork for the next chapter of its ESG leadership.
### Strengthening Governance and AI Commitment
In terms of governance, Lenovo continues to advance its “Smarter AI for All” vision by fortifying its internal policy framework. In 2024, the company introduced a comprehensive AI governance policy. This policy aligns with Lenovo’s commitments to various global entities, including the Canadian Government, UNESCO, and the European Commission. The introduction of this policy follows the appointment of Doug Fisher, who now serves as both Chief Security Officer and Chief AI Officer. This dual role underscores Lenovo’s dedication to embedding responsible innovation across its business operations.
### Looking Forward: Collaborative and Credible ESG Approach
Moving forward, Lenovo remains committed to fostering a collaborative and credible approach to ESG. Through partnerships with customers and suppliers, such as those engaged through the Lenovo 360 Circle, the company aims to promote a shared vision for a more sustainable and inclusive future. These collaborations are essential in advancing Lenovo’s ESG objectives and ensuring that sustainability remains at the forefront of its business strategy.
For those interested in delving deeper into Lenovo’s ESG initiatives, the full Lenovo FY 2024/25 ESG Report is available on their website. This comprehensive document provides further insights into the company’s sustainability efforts and future plans, serving as a valuable resource for stakeholders and the wider public interested in Lenovo’s contributions to a sustainable world.
By taking decisive actions and setting ambitious goals, Lenovo continues to demonstrate its leadership in sustainability, social responsibility, and governance. These efforts not only align with global standards and initiatives but also set a benchmark for other companies striving to make a positive impact on the world.
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