- Created the Accountable AI Committee in FY2022/23 and has constructed a 7-pillar governance framework to guage AI innovation throughout its pocket-to-cloud portfolio.
- Made progress towards and is on-track to satisfy its 2030 emissions discount targets, in alignment to the Science Based mostly Targets initiative’s net-zero commonplace.
- Reported an industry-leading 29% illustration of ladies in technical groups, fueling innovation and its smarter expertise for all imaginative and prescient.
June 25, 2024 – Immediately, Lenovo (HKSE: 992) (ADR: LNVGY) has right now printed its 18th annual Environmental, Social and Governance (ESG) Report, additional demonstrating its dedication to being a accountable company citizen with a imaginative and prescient to supply smarter expertise for all. On this 12 months’s report, the worldwide expertise powerhouse shared its progress towards 2030 emissions discount objectives, elevated participation within the round financial system, industry-leading illustration of ladies in technical roles 4, elevated worker volunteerism, and proactive governance of AI as it really works to change into the main supplier and enabler of smarter AI.
“AI has introduced unprecedented alternatives during the last 12 months,” shared Yuanqing Yang, Chairman and CEO of Lenovo. “It’s clear that AI can be a serious precedence and affect in our enterprise for years to return and we acknowledge our obligation to leverage this expertise to enhance the lives of individuals around the globe whereas minimizing its impression on the planet.”
Lenovo first introduced its smarter AI for all imaginative and prescient at Lenovo Tech World in October 2023. Since then, Lenovo has launched an AI-enabled resolution for real-time monitoring of its manufacturing emissions, an AI-powered engine to provide clients insights on their IT emissions, and quite a few social impression initiatives to assist communication for individuals with listening to loss, protect the voice of a person affected by ALS, join non-profits to trusted sources for AI, and guarantee its personal AI options are reviewed for inclusion and accessibility, amongst different accountable AI elements.
The proactive governance in place for the shortly rising AI discipline underscores Lenovo’s long-standing dedication to governance throughout its environmental affairs and social impression applications. Lenovo is within the first group of corporations to have its near-zero targets validated by the Science Based mostly Targets initiative’s Internet-Zero Commonplace and is on-track to satisfy the primary milestone in its journey to net-zero: near-term 2030 emissions discount objectives. The corporate has made progress in direction of its 2030 objectives to cut back scope 1 and a pair of emissions by 50%, and Scope 3 emissions intensities by 66.5% from bought items and companies, 35% from bought merchandise, and 25% from upstream transportation and distribution.
Lenovo continues to extend its participation within the round financial system, growing use of sustainable supplies and asset recycling and disposal. Since 2017, Lenovo has grown its reuse and recycling of merchandise by almost 40%1 by its product take-back applications2. Lenovo has reused or recycled greater than 94,000 metric tons of products¹ by PELM programs² – Since 2020 – the identical weight as 87 million ThinkPads³.
Along with environmental impression, Lenovo is working to extend range, inclusion, and entry to expertise internally and externally. Lenovo has reported 29% illustration of ladies in technical roles on this 12 months’s report, main the {industry} in girls’s illustration on technical groups4. Lenovo continues its pursuit of accelerating range in its government ranks, working to succeed in 27% girls illustration around the globe and 35% illustration of traditionally excluded expertise within the U.S. by FY2025/26. With clients in 180 markets around the globe, range has all the time been core to Lenovo’s enterprise success “Workforce range not solely helps stronger options to issues, however it helps us higher meet the wants of our various, international buyer base,” shared Laura Quatela, Senior Vice President and Chief Authorized and Company Duty Officer for Lenovo.
Lenovo is targeted on sharing its smarter expertise with the neighborhood and reported USD $21M in philanthropic impression around the globe. Lenovo’s international worker base is core to this mission, with worker volunteerism growing by 40% through the annual Love on Month of Service in 2023. Lenovo’s philanthropic work underscores the corporate’s smarter expertise for all imaginative and prescient and smarter AI for all focus by initiatives just like the AI for Social Impression webinar sequence, Ashoka changemakers partnership, and partnerships localized to satisfy the wants of communities around the globe.
Lenovo’s ESG specialists align its company technique to varied frameworks and requirements, and is honored to be acknowledged by main rankings, rankings, and indices all year long.
- Lenovo maintained its AAA standing on MSCI’s rating and was awarded the stronger rating within the IT {industry} for environmental and social achievements within the Hold Seng Company Sustainability Index, receiving an AA rating total.
Discover Lenovo’s international impression on our interactive ESG Map, and skim extra about Lenovo’s Environmental, Social and Governance efficiency within the FY2023/24 ESG Report.
¹ Based mostly on CY 2022 product recycling knowledge: https://www.lenovo.com/us/en/sustainability-product-recycling/
² Client and industrial take-back applications
³ Based mostly on complete weight of ThinkPad X1 Carbon Gen 12 at 1.09kgs/2.42 lbs: https://www.lenovo.com/us/en/p/laptops/thinkpad/thinkpadx1/thinkpad-x1-carbon-gen-12-(14-inch-intel)/len101t0083
4 Based mostly on printed knowledge from opponents and friends
About Lenovo
Lenovo is a US$57 billion income international expertise powerhouse, ranked #217 within the Fortune International 500, and serving thousands and thousands of shoppers every single day in 180 markets. Targeted on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized units (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 trade underneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To seek out out extra go to https://www.lenovo.com, and skim in regards to the newest information through our StoryHub
