Climate Change Data

Lenovo Group Limited

Climate Impact & Sustainability Data (2022-04 to 2023-03)

Reporting Period: 2022-04 to 2023-03

Environmental Metrics

Total Carbon Emissions:18,741,480 tCO2e/year
Scope 1 Emissions:6,303 tCO2e/year
Scope 2 Emissions:202,440 tCO2e/year
Scope 3 Emissions:18,741,480 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:1,414,169 MWh/year
Water Consumption:1,499 Megaliters/year
Waste Generated:51,099 tons/year
Carbon Intensity:3.37 metric tons CO2e per US$ million revenue

ESG Focus Areas

  • Climate Change
  • Diversity and Inclusion
  • Supply Chain Sustainability
  • Product Sustainability
  • Governance and Ethics

Environmental Achievements

  • Achieved SBTi validated net-zero greenhouse gas (GHG) emissions target by 2050.
  • Wuhan plant became the first and only factory in China's ICT industry recognized for sustainability by CESI.
  • Increased use of biofuel in air and ocean freight.
  • Expanded use of CL PCC to 298 products.
  • Introduced OBP content in several ThinkPad products.

Social Achievements

  • Included in the Bloomberg Gender Equality Index for the fourth year.
  • Scored 100 percent on the Human Rights Campaign’s Corporate Equality Index for the fifth consecutive year.
  • Record-high employee engagement levels.
  • Global philanthropy impacted 16.5 million lives.
  • Expanded its Product Diversity Office strategy to ensure inclusive technology experiences.

Governance Achievements

  • Received HKICPA Gold Award for Most Sustainable Companies.
  • Green bond tranche included in Bloomberg MSCI Green Bond Index and S&P Green Bond Index.
  • MSCI ranking upgraded from AA to AAA.
  • Received best score in the IT Industry for Hang Seng Corporate Sustainability Index.
  • Ranked number nine in the 2022 Gartner Top 25 Supply Chain ranking.

Climate Goals & Targets

Long-term Goals:
  • Net-zero GHG emissions by 2050.
Medium-term Goals:
  • By FY 2029/30, 50% improvement in energy efficiency of Lenovo desktops and servers.
  • By FY 2029/30, 30% improvement in energy efficiency of Lenovo notebooks and Motorola products.
  • Reduce Scope 3 GHG emissions (supply chain) from purchased goods and services 66.5% per million US$ gross profit by FY 2029/30.
Short-term Goals:
  • By FY 2025/26, 90% of global operations’ electricity from renewable sources.
  • By FY 2025/26, 100% of PC products will contain post-consumer recycled content materials.
  • By FY 2025/26, 100% of smartphone products and accessories will be free of PVC and BFR.

Environmental Challenges

  • Supply chain disruptions due to global events.
  • Challenges in using recycled content in product design and manufacturing.
  • Data limitations in measuring Scope 3 emissions.
Mitigation Strategies
  • Developed alternative sourcing strategies.
  • Collaborated with suppliers to develop and qualify new grades of recycled plastic resins.
  • Improved data collection and reporting methodologies.

Supply Chain Management

Supplier Audits: 95% of suppliers by spend underwent RBA VAP or equivalent audits.

Responsible Procurement
  • Supplier Code of Conduct
  • RBA Code of Conduct
  • EcoVadis assessments
  • CDP Supply Chain Program

Climate-Related Risks & Opportunities

Physical Risks
  • Natural catastrophes impacting operations and supply chain
Transition Risks
  • Regulatory changes, market shifts
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards, Hong Kong Stock Exchange’s ESG Reporting Guide, SBTi

Certifications: ISO 14001:2015, ISO 50001:2018, ISO 45001:2018, ISO 9001:2015

Third-party Assurance: Accredited third parties for energy, GHG emissions, waste, and water data.

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)
  • Goal 5 (Gender Equality)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 17 (Partnerships for the Goals)

Lenovo's initiatives contribute to these goals through various environmental, social, and governance programs.

Sustainable Products & Innovation

  • Lenovo Neptune™ liquid cooling technology
  • Energy-efficient products
  • Products with recycled content

Awards & Recognition

  • Bloomberg Gender Equality Index
  • Human Rights Campaign’s Corporate Equality Index
  • HKICPA Gold Award
  • CDP Supply Chain Decarbonization Pioneer Award
  • EcoVadis Outstanding Leadership Program award
  • Gartner Global Supply Chain Top 25