Lenovo claimed it is on course to meet its short-term emission reduction targets as it released its 2022/23 ESG Report.
The hardware vendor said it has tripled solar energy generation since 2018/19 as it laid out its sustainability progress in its annual update.
In January 2023, Lenovo claimed it had become the first PC and smartphone maker and one of only 139 companies in the world to have a net-zero target validated by the Science Based Targets initiative (SBTi).
In its sustainability report, Lenovo gave an update on its progress, saying that it is “on track” to meet its near-term emissions reduction targets for 2030. This includes cutting scope 1 and 2 greenhouse gas emissions in half and scope 3 emissions intensities by 66.5% from purchased goods and services, 35% from sold products, and 25% from upstream transportation and distribution.
The vendor said it is collaborating with suppliers to reduce its scope 3 (value chain) emissions, traditionally the largest category of emissions and the most difficult to track in a complex, global supply chain.
When it comes to its products, Lenovo said it had increased the number of products that integrate ‘closed loop’ recycled content that comes from end-of-life IT and electronics. Some 298 include recycled plastic content from end-of-life IT and electronics, it claimed.
“As a global company, we have seen the impact of climate change on our stakeholders and feel the urgency to combat it together” said Lenovo CEO Yuanqing Yang.
“In the last fiscal year, we were proud to affirm our commitment to reaching net-zero emissions by 2050 with net-zero targets validated by the SBTi and their first-of-its-kind net zero standard.”