Created the Accountable AI Committee in FY2022/23 and has constructed a 7-pillar governance framework to guage AI innovation throughout its pocket-to-cloud portfolio.
Made progress towards and is on-track to satisfy its 2030 emissions discount targets, in alignment to the Science Based mostly Targets initiative’s net-zero commonplace.
Reported an industry-leading 29% illustration of girls in technical groups, fueling innovation and its smarter know-how for all imaginative and prescient.
HONG KONG SAR – Media OutReach Newswire – 27 June 2024 – Lenovo (HKSE: 992) (ADR: LNVGY) has revealed its 18th annual Environmental, Social and Governance (ESG) Report, additional demonstrating its dedication to being a accountable company citizen with a imaginative and prescient to offer smarter know-how for all. On this 12 months’s report, the worldwide know-how powerhouse shared its progress towards 2030 emissions discount targets, elevated participation within the round economic system, industry-leading illustration of girls in technical roles 4, elevated worker volunteerism, and proactive governance of AI as it really works to turn out to be the main supplier and enabler of smarter AI.
“AI has introduced unprecedented alternatives over the past 12 months,” shared Yuanqing Yang, Chairman and CEO of Lenovo. “It’s clear that AI will probably be a significant precedence and affect in our enterprise for years to come back and we acknowledge our responsibility to leverage this know-how to enhance the lives of individuals around the globe whereas minimizing its affect on the planet.”
Lenovo first introduced its smarter AI for all imaginative and prescient at Lenovo Tech World in October 2023. Since then, Lenovo has launched an AI-enabled answer for real-time monitoring of its manufacturing emissions, an AI-powered engine to provide clients insights on their IT emissions, and quite a few social affect initiatives to assist communication for individuals with listening to loss, protect the voice of a person affected by ALS, join non-profits to trusted sources for AI, and guarantee its personal AI options are reviewed for inclusion and accessibility, amongst different accountable AI elements.
The proactive governance in place for the rapidly rising AI discipline underscores Lenovo’s long-standing dedication to governance throughout its environmental affairs and social affect packages. Lenovo is within the first group of corporations to have its near-zero targets validated by the Science Based mostly Targets initiative’s Internet-Zero Commonplace and is on-track to satisfy the primary milestone in its journey to net-zero: near-term 2030 emissions discount targets. The corporate has made progress in the direction of its 2030 targets to scale back scope 1 and a pair of emissions by 50%, and Scope 3 emissions intensities by 66.5% from bought items and providers, 35% from offered merchandise, and 25% from upstream transportation and distribution.
Lenovo continues to extend its participation within the round economic system, growing use of sustainable supplies and asset recycling and disposal. Since 2017, Lenovo has grown its reuse and recycling of merchandise by practically 40percent1 by its product take-back programs2. Lenovo has reused or recycled greater than 94,000 metric tons of products1 by PELM programs2 – Since 2020 – the identical weight as 87 million ThinkPads3.
Along with environmental affect, Lenovo is working to extend variety, inclusion, and entry to know-how internally and externally. Lenovo has reported 29% illustration of girls in technical roles on this 12 months’s report, main the {industry} in girls’s illustration on technical teams4. Lenovo continues its pursuit of accelerating variety in its government ranks, working to achieve 27% girls illustration around the globe and 35% illustration of traditionally excluded expertise within the U.S. by FY2025/26. With clients in 180 markets around the globe, variety has all the time been core to Lenovo’s enterprise success “Workforce variety not solely helps stronger options to issues, nevertheless it helps us higher meet the wants of our numerous, international buyer base,” shared Laura Quatela, Senior Vice President and Chief Authorized and Company Accountability Officer for Lenovo.
Lenovo is targeted on sharing its smarter know-how with the neighborhood and reported USD $21M in philanthropic affect around the globe. Lenovo’s international worker base is core to this mission, with worker volunteerism growing by 40% throughout the annual Love on Month of Service in 2023. Lenovo’s philanthropic work underscores the corporate’s smarter know-how for all imaginative and prescient and smarter AI for all focus by initiatives just like the AI for Social Influence webinar collection, Ashoka changemakers partnership, and partnerships localized to satisfy the wants of communities around the globe.
Lenovo’s ESG consultants align its company technique to varied frameworks and requirements, and is honored to be acknowledged by main scores, rankings, and indices all year long.
Extra sources:
Study Lenovo’s dedication and progress towards its sustainability targets on YouTube
Discover Lenovo’s international affect on the interactive ESG Map
Learn extra about Lenovo’s Environmental, Social and Governance efficiency within the FY2023/24 ESG Report
1 Based mostly on CY 2022 product recycling information: 2 Client and business take-back packages 3 Based mostly on complete weight of ThinkPad X1 Carbon Gen 12 at 1.09kgs/2.42 lbs: 4 Based mostly on revealed information from rivals and friends Hashtag: #Lenovo
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About Lenovo
Lenovo is a US$57 billion income international know-how powerhouse, ranked #217 within the Fortune World 500, and serving tens of millions of shoppers day-after-day in 180 markets. Centered on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized gadgets (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and providers. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in every single place. Lenovo is listed on the Hong Kong inventory alternate underneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To seek out out extra go to and skim concerning the newest information by way of our StoryHub.