Lenovo Group Limited has released its FY 2023/24 Environmental, Social, and Governance (ESG) Report, highlighting substantial advancements across various sustainability and corporate responsibility domains. This report marks the 18th consecutive year of Lenovo’s commitment to transparency and progress in ESG practices.
Environmental Stewardship:
Lenovo’s dedication to environmental sustainability is evident through its comprehensive Environmental Management System (EMS). The company has made notable strides in reducing its carbon footprint, managing waste, and conserving water. Key initiatives include:
Climate Change Mitigation: Lenovo has implemented rigorous measures to reduce greenhouse gas emissions, aligning with global climate goals. The company has emphasized energy efficiency across its operations and supply chain .
Waste Management: Lenovo has developed innovative recycling and waste reduction programs, significantly decreasing the amount of waste sent to landfills. Their approach to waste management emphasizes recycling, reusing, and responsible disposal practices .
Water Conservation: Efforts to minimize water usage and enhance water recycling processes have been a priority. Lenovo’s water conservation initiatives are designed to ensure sustainable water management throughout its production facilities .
Social Responsibility:
In the social sphere, Lenovo has focused on enhancing labor practices, promoting diversity and inclusion, and engaging in global philanthropy. Highlights include:
Diversity and Inclusion: Lenovo continues to champion a diverse and inclusive workplace, aiming for 27% female executive representation globally and 35% representation of executives from historically excluded backgrounds in the U.S. The company has launched several leadership development programs to support these goals .
Employee Engagement and Health: Lenovo achieved its highest-ever employee engagement score in the FY 2023/24 Lenovo Listens survey. The company has also implemented health and safety initiatives to ensure a safe working environment for all employees .
Global Philanthropy: Lenovo’s employees have actively participated in philanthropic activities, contributing to community service projects and supporting global initiatives such as providing access to clean water and revitalizing ancient agricultural practices .
Governance and Ethical Practices:
Lenovo’s governance framework ensures robust oversight and management of ESG issues. Key aspects include:
Board Oversight: The Board of Directors plays a pivotal role in overseeing Lenovo’s ESG programs, integrating ESG risk management into strategic decisions and major transactions .
Ethical Business Practices: The company maintains stringent ethical standards across its operations, fostering a culture of integrity and accountability. Lenovo’s commitment to ethical business practices is reflected in its transparent reporting and adherence to regulatory requirements .
Recognitions and Future Goals:
Lenovo’s efforts have garnered significant recognition, including being named one of Fortune Magazine’s Most Admired Companies and receiving various accolades for its diversity and inclusion initiatives . Moving forward, Lenovo aims to continue its sustainability journey, with ambitious targets set for the coming years.
About Lenovo:
Lenovo is a global technology leader, operating in over 180 markets and employing 69,500 individuals. The company is dedicated to delivering innovative solutions while maintaining a strong commitment to environmental, social, and governance principles.