Lenovo Achieves Prestigious Platinum Medal from EcoVadis for Sustainability Efforts
On December 11, 2024, Lenovo announced a significant milestone in their sustainability journey by receiving the distinguished Platinum Medal from EcoVadis, a globally recognized provider of business sustainability ratings. Lenovo’s remarkable score of 85 out of 100 places the company among the top 1% of all businesses assessed by EcoVadis worldwide. This accomplishment not only highlights Lenovo’s ongoing dedication to sustainable practices but also positions it as a leader in carbon management.
The recognition from EcoVadis acknowledges Lenovo’s top-tier greenhouse gas (GHG) management system and its strong ambitions for decarbonization. The company has successfully embedded sustainability into various aspects of its operations, including its global value chain, product innovation, and overall business practices. Lenovo’s commitment to enhancing environmental responsibility, labor and human rights, ethical conduct, and sustainable procurement aligns with international standards, showcasing its efforts to improve sustainability across all fronts.
Laura Quatela, Lenovo’s Senior Vice President and Chief Legal & Corporate Responsibility Officer, expressed pride in receiving the award, stating, "Being awarded a Platinum Medal by EcoVadis is a key milestone for Lenovo. Our focus on collaboration, credibility, and accountability will continue to power us forward on our sustainability journey. We’re honored by this recognition and remain focused on the short-term and long-term goals ahead."
Lenovo’s Commitment to Sustainability
Over recent years, Lenovo has made several meaningful advancements in its sustainability strategy. The company has committed to achieving net-zero greenhouse gas emissions by the year 2050, a goal that was validated by the Science Based Targets initiative in January 2023. This initiative is a collaboration between various environmental organizations that help businesses set science-based targets for reducing greenhouse gas emissions.
Lenovo’s dedication to sustainability is further reflected in its performance on various sustainability indexes. In January 2024, the company maintained its AAA status on MSCI’s ranking, a leading provider of critical decision support tools and services for the global investment community. Additionally, in September 2024, Lenovo received the highest score in the IT industry for its environmental and social achievements on the Hang Seng Corporate Sustainability Index, earning an overall AA score.
Understanding EcoVadis and Its Assessment Process
EcoVadis is an organization that evaluates the sustainability practices of companies worldwide. The EcoVadis assessment process involves a thorough examination of a company’s sustainability management system, assessing its policies, actions, and results in addressing sustainability criteria. Companies that demonstrate a strong management system are eligible to receive EcoVadis Medals and Badges, signifying their commitment to sustainable practices.
To learn more about the EcoVadis assessment process, you can visit their official support page here.
About Lenovo
Lenovo is a global technology leader with a revenue of $57 billion, ranked 248th on the Fortune Global 500 list. The company serves millions of customers daily across 180 markets worldwide. Lenovo has a bold vision to deliver Smarter Technology for All, building on its success as the world’s largest PC company. Its product portfolio includes AI-enabled, AI-ready, and AI-optimized devices such as PCs, workstations, smartphones, and tablets. In addition to devices, Lenovo provides infrastructure solutions like servers, storage, edge computing, high-performance computing, and software-defined infrastructure, as well as software, solutions, and services.
Lenovo continues to invest in innovative technologies that contribute to a more equitable, trustworthy, and smarter future for everyone, everywhere. The company is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). For more information about Lenovo and its latest news, visit their website at www.lenovo.com or their StoryHub at news.lenovo.com.
The Impact of Lenovo’s Sustainability Practices
Lenovo’s achievement of the EcoVadis Platinum Medal is not only a testament to its current efforts but also a beacon for its future plans. The company’s emphasis on collaboration and accountability is expected to drive further innovations in sustainability. By committing to net-zero emissions and maintaining high sustainability scores, Lenovo sets a benchmark for other companies in the technology sector.
Lenovo’s dedication to sustainability is crucial in today’s world, where environmental concerns are at the forefront of global challenges. By integrating sustainability into its core operations and long-term strategy, Lenovo is playing a key role in promoting environmentally friendly practices within the tech industry.
Conclusion
Lenovo’s receipt of the EcoVadis Platinum Medal marks a significant achievement in its sustainability journey. The company’s strategic approach to integrating sustainability into its operations and its commitment to achieving net-zero emissions by 2050 position it as a leader in the technology industry. As Lenovo continues to innovate and expand its sustainability initiatives, it sets a precedent for other companies to follow, highlighting the importance of sustainable practices in today’s global market.
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