Lenovo has announced its goal to reach net-zero greenhouse gas (GHG) emissions by 2050, which has been validated and approved by the Science Based Targets initiative (SBTi). With this, Lenovo has become the first PC and smartphone maker and one of only 139 companies in the world with a net-zero target validated by SBTi.
By working with SBTi and aligning to their Net-Zero Standard, Lenovo is taking a scientific, collaborative, and accountable approach to reducing emissions. The SBTi’s standard is dynamic and responsive to companies’ collective effort and the changing temperature of the planet. It also holds companies accountable for their emissions reduction. Without aligning to SBTi, it is difficult to validate or know when a net-zero target is reached.
Lenovo Chairman Yuanqing Yang said, “In the fight against climate change, we believe collaboration and accountability are the two critical elements needed for collective success. We remain dedicated to following climate science, standardizing our measurements, and seeking ongoing validation for our targets and progress.”
“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “Lenovo’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”
Here’s how Lenovo plans to reach its zero-emission target by 2050
Lenovo’s long-term 2050 goals coincide with its near-term, SBTi-validated 2030 emissions reduction goals, which include:
Lenovo commits to reach net-zero GHG emissions across the value chain by FY2049/2050. Further, the company has committed to reduce absolute scope 1, 2, and 3 GHG emissions by 90% by FY2049/50 from a FY2018/19 base year
Lenovo has pledged to decrease its scope 1 and scope 2 greenhouse gas emissions by 50% by the fiscal year 2029/2030, compared to its emissions in the fiscal year 2018/2019. Additionally, the company is committed to decreasing the emissions generated by its sold products by 35% on average for comparable products within the same timeframe.
Furthermore, Lenovo aims to reduce its scope 3 greenhouse gas emissions from purchased goods and services by 66.5% per million US$ gross profit, as well as reducing scope 3 emissions from upstream transportation and distribution by 25% per tonne-km of transported product within the same timeframe.
Lenovo’s primary strategies for reducing emissions include reducing the environmental impact of its products, harnessing innovation to increase sustainability in its manufacturing, and decreasing emissions across its operations and value chain. These strategies have been outlined in the company’s Journey to Net-Zero video series, which demonstrates how Lenovo’s experts are changing business processes to reduce emissions.
Lenovo’s goal is to reach net-zero greenhouse gas emissions by 2050, validated by the Science Based Targets initiative, which comes as a significant step towards reducing emissions and fighting climate change. Lenovo’s alignment with SBTi’s Net-Zero Standard and its transparent, science-based, and collaborative approach to reducing emissions will set an example for other companies to follow.
By working with SBTi and aligning to their Net-Zero Standard, Lenovo is taking a scientific, collaborative, and accountable approach to reducing emissions. The SBTi’s standard is dynamic and responsive to companies’ collective effort and the changing temperature of the planet. It also holds companies accountable for their emissions reduction. Without aligning to SBTi, it is difficult to validate or know when a net-zero target is reached.
Lenovo Chairman Yuanqing Yang said, “In the fight against climate change, we believe collaboration and accountability are the two critical elements needed for collective success. We remain dedicated to following climate science, standardizing our measurements, and seeking ongoing validation for our targets and progress.”
“Climate science tells us that we need rapid and deep emissions cuts if we are to achieve global net-zero and prevent the most damaging effects of climate change,” said Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative. “Lenovo’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”
Here’s how Lenovo plans to reach its zero-emission target by 2050
Lenovo’s long-term 2050 goals coincide with its near-term, SBTi-validated 2030 emissions reduction goals, which include:
Lenovo commits to reach net-zero GHG emissions across the value chain by FY2049/2050. Further, the company has committed to reduce absolute scope 1, 2, and 3 GHG emissions by 90% by FY2049/50 from a FY2018/19 base year
Lenovo has pledged to decrease its scope 1 and scope 2 greenhouse gas emissions by 50% by the fiscal year 2029/2030, compared to its emissions in the fiscal year 2018/2019. Additionally, the company is committed to decreasing the emissions generated by its sold products by 35% on average for comparable products within the same timeframe.
Furthermore, Lenovo aims to reduce its scope 3 greenhouse gas emissions from purchased goods and services by 66.5% per million US$ gross profit, as well as reducing scope 3 emissions from upstream transportation and distribution by 25% per tonne-km of transported product within the same timeframe.
Lenovo’s primary strategies for reducing emissions include reducing the environmental impact of its products, harnessing innovation to increase sustainability in its manufacturing, and decreasing emissions across its operations and value chain. These strategies have been outlined in the company’s Journey to Net-Zero video series, which demonstrates how Lenovo’s experts are changing business processes to reduce emissions.
Lenovo’s goal is to reach net-zero greenhouse gas emissions by 2050, validated by the Science Based Targets initiative, which comes as a significant step towards reducing emissions and fighting climate change. Lenovo’s alignment with SBTi’s Net-Zero Standard and its transparent, science-based, and collaborative approach to reducing emissions will set an example for other companies to follow.
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