Lenovo Achieves AA Score in 2024 Hang Seng Corporate Sustainability Index

On September 16, 2024, Lenovo proudly announced that it has retained its AA score in the 2024 Hang Seng Corporate Sustainability Index (HSSUS). Among 550 companies listed on the Hong Kong Stock Exchange, Lenovo has emerged as the leader in the IT industry for its significant environmental achievements. This accolade is further endorsed by CDP, which has acknowledged Lenovo’s leadership in climate change and supplier engagement.

The Hang Seng Corporate Sustainability Index is formulated based on a comprehensive process that incorporates the outcomes of a sustainability assessment conducted by the Hong Kong Quality Assurance Agency (HKQAA). HKQAA, an autonomous and professional assessment body, utilizes its proprietary sustainability assessment and rating framework to evaluate companies.

Key Evaluation Metrics

HSSUS evaluates a company’s performance across seven key areas within the Environmental, Social, and Governance (ESG) categories:

• Corporate Governance
• Human Rights
• Labour Practices
• The Environment
• Fair Operating Practices
• Consumer Issues
• Community Involvement and Development

Every year, the methodology behind the sustainability assessment is reviewed to incorporate advancements in the evolving ESG landscape. This review takes into account both international and local standards. The framework is designed to capture both general and industry-specific criteria across the core aspects of ESG, with each aspect rated equally as a base. Additional industry-specific materiality factors are also considered.

Lenovo’s Commitment to Sustainability

Lenovo’s inclusion in the Hang Seng Corporate Sustainability Index underscores the company’s long-term commitment to fostering a more sustainable future. Lenovo is on track to meet its 2030 emissions reduction targets and is part of the first group of companies to have its net-zero by 2050 targets validated by the Science Based Targets initiative’s Net-Zero Standard.

Furthermore, Lenovo is consistently increasing its efforts in the circular economy. The company is enhancing the use of sustainable materials and improving recycling and disposal of assets. Since 2017, Lenovo has recycled or reused over 94,000 metric tons of products through its Product End-of-Life Management (PELM) programs, equivalent to the weight of 87 million ThinkPads.

Additionally, Lenovo is committed to sharing its advanced technology with communities worldwide. Since 2022, the company has invested over $50 million in global communities. With a focus on “Smarter AI for All,” Lenovo has established a Responsible AI Committee to ensure that its innovations adhere to principles that promote responsible, ethical, and safe development, deployment, and utilization of AI.

Lenovo’s Broader Impact and Future Goals

Lenovo’s continuous investment in sustainability initiatives and innovations reflects its broader goal of building a more equitable and intelligent future for everyone, everywhere. The company’s sustainability efforts are well-documented, and interested readers can learn more about Lenovo’s ESG performance on the Lenovo StoryHub and in the FY 2023/24 ESG Report.

For those interested in the specifics of Lenovo’s product recycling achievements in 2022, detailed information is available on their sustainability product recycling page. The company’s consumer and commercial take-back programs have significantly contributed to their recycling success.

About Lenovo

Lenovo is a global technology leader with an annual revenue of $57 billion. Ranked #248 on the Fortune Global 500, Lenovo serves millions of customers daily across 180 markets. The company is dedicated to delivering “Smarter Technology for All” and has built on its success as the world’s largest PC company by offering a comprehensive portfolio of AI-enabled, AI-ready, and AI-optimized devices. These include PCs, workstations, smartphones, tablets, as well as infrastructure solutions such as servers, storage, edge computing, high-performance computing, and software-defined infrastructure. Lenovo’s investment in groundbreaking innovation aims to create a more equitable, trustworthy, and intelligent future for everyone.

Lenovo is publicly traded on the Hong Kong Stock Exchange under Lenovo Group Limited (HKSE: 992) and American Depositary Receipts (ADR: LNVGY). To learn more about Lenovo and stay updated with the latest news, visit their official website and StoryHub.

For further detailed information, refer to the original announcement on Lenovo’s official website.

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