ESG report from Lenovo: tripled generation of solar energy
Lenovo has released its 17th annual environmental, social and governance (ESG) report. In the new report, the global technology company shares its increased investments in solar energy, which have tripled since fiscal year 2018/19. Philanthropic investments, totaling nearly $30 million, have reached more than 16 million people through global programs and partnerships.
Technology company Lenovo is looking to further reaffirm its leadership in sustainability, according to its latest ESG report. For example, the company is among the first group of companies to have their net-zero targets approved by the Science Based Targets Initiative validated. This is a critical step towards achieving the near-term emissions reduction targets for 2030, according to the statement. Specifically, this involves reducing Scope 1 and 2 greenhouse gas emissions by 50 % and Scope 3 emissions intensity by 66.5 % for purchased goods and services, 35 % for sold products and 25 % for upstream transportation and distribution. Lenovo is working with its suppliers to reduce its Scope 3 (value chain) emissions, traditionally the largest emissions category and the most difficult to track in a complex global supply chain.
Improved in supply chain ranking
In fiscal 2022/23, Lenovo continued its transition to a circular economy, according to the sustainability report. For example, the company reported a steady increase in the number of products containing recycled content from end-of-life IT and electronics. Lenovo also reported nearly 300 products (298) that contain recycled plastic content from discarded IT and electronics. For example, ThinkPad X1 notebooks unveiled at CES 2023 contain up to 97 % PCC (post consumer content) plastic in the battery case and up to 95 % PCC plastic in the speaker cases and power supply. Last but not least, Lenovo has increased its investment in renewable energy, tripling its solar power generation since fiscal 2018/19. Lenovo's global supply chain improved its ranking this year, reaching No. 8 in Gartner's Top 25 Global Supply Chains. In addition, Lenovo's ESG programs have been recognized by CDP (Carbon Disclosure Project), MSCI (Morgan Stanley Capital International), and the Hong Kong Institute of Certified Public Accountants.
Diversity initiatives honored
Lenovo is also moving forward on diversity, with 37 % women in the workforce and 28 % women in technical positions, Lenovo considers itself an industry leader in the inclusion of women. Efforts to advance women were recognized by inclusion in the Bloomberg Gender-Equality Index for the fourth time, as Lenovo pursues its goal of achieving 27 % women in leadership positions by 2025 (currently 21 %). Lenovo's values of diversity and inclusion are lived out through 17 employee-led resource groups in offices and regions around the world. The groups are tailored to the individual needs of each site's diversity segments, with dedicated groups for today's workforce, from emerging talent (Rising Employees At Lenovo) to groups that support parents in the workplace and promote career development for people from underrepresented backgrounds. Lenovo's workforce inclusion initiatives have been recognized by Forbes, the Disability Inclusion Index, and the Human Rights Campaign's Corporate Equality Index.
Commitment to volunteering
Lenovo's global philanthropy engagement also grew in fiscal year 2022/23. The engagement, driven by the company's own foundation, resulted in more than $30 million in philanthropic impact for communities around the world (investments in funds, products and valued volunteer time). The foundation focuses on empowering underrepresented populations by helping them access technology and STEM education through strategic partnerships, programs like the TransforMe Skilling Grant Round, and employee volunteerism like Love on Month of Service.
Source: Lenovo
