September 16, 2024 – Lenovo is happy to announce that it maintains its AA rating within the 2024 Cling Seng Company Sustainability Index (“HSSUS”). Amongst 550 Hong Kong-listed corporations, Lenovo obtained the strongest rating within the IT {industry} for its environmental achievements, which have additionally been acknowledged by CDP for management in local weather change and provider engagement. This index is primarily based on a strong course of that features consideration of the outcomes from a sustainability evaluation undertaken by Hong Kong High quality Assurance Company (HKQAA), an impartial {and professional} evaluation physique, utilizing its proprietary sustainability evaluation and ranking framework.
HSSUS evaluates an organization’s efficiency on seven topics underneath the classes of Environmental, Social and Governance: Company Governance, Human Rights, Labour Practices, The Atmosphere, Honest Working Practices, Client Points and Group Involvement and Growth. The methodology behind the sustainability evaluation is reviewed yearly to include developments inside the evolving ESG panorama, just about each worldwide and native protocols. The evaluation framework is designed to seize each basic and industry-specific standards throughout the three E, S and G core facets; every rated equally as a base, with extra industry-specific materiality components utilized.
Inclusion within the Cling Seng Company Sustainability Index demonstrates Lenovo’s long-term dedication to driving a extra sustainable future for all. Lenovo is on-track to achieve its 2030 emissions discount targets and is within the first group of corporations to have its net-zero by 2050 targets validated by the Science Based mostly Targets initiative’s Web-Zero Customary. Lenovo continues to extend its participation within the round economic system, growing use of sustainable supplies and asset recycling and disposal, in addition to core improvements and sustainability companies to assist prospects’ targets and participation. Since 2017, Lenovo has reused or recycled greater than 94,000 metric tons of products¹ by way of PELM programs² – the identical weight as 87 million ThinkPads. Lenovo is concentrated on sharing its smarter expertise with the group and has invested extra the US$50M in communities all over the world since 2022. With its deal with “Smarter AI for All” and the creation of its Accountable AI Committee, Lenovo is proactively governing its innovation in opposition to rules that promote the accountable, moral, and secure growth, deployment, and utilization of AI.
Be taught extra about Lenovo’s ESG efficiency on Lenovo StoryHub and within the FY 2023/24 ESG Report.
¹ Based mostly on CY 2022 product recycling information: https://www.lenovo.com/us/en/sustainability-product-recycling/
² Client and industrial take-back packages
About Lenovo
Lenovo is a US$57 billion income international expertise powerhouse, ranked #248 within the Fortune International 500, and serving hundreds of thousands of consumers every single day in 180 markets. Targeted on a daring imaginative and prescient to ship Smarter Expertise for All, Lenovo has constructed on its success because the world’s largest PC firm with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized gadgets (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and companies. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in all places. Lenovo is listed on the Hong Kong inventory change underneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To seek out out extra go to https://lenovo.com and skim concerning the newest information by way of our StoryHub.
