+44 (0)24 7671 8970
More publications     •     Advertise with us     •     Contact us
*/
News Article

Lenovo commits to Net-Zero emissions by 2050

News

Lenovo is in the first group of companies to receive net-zero validation from Science Based Targets initiative.

Lenovo has stated its goal to reach net-zero greenhouse gas (GHG) emissions by 2050, validated and approved by the Science Based Targets initiative (SBTi), a partnership between the UN Global Compact, CDP and World Wide Fund for Nature – said to make it 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 (the world’s first), Lenovo is taking a scientific, collaborative and accountable approach to reducing emissions.


“As a global technology leader, Lenovo has been committed to reducing its emissions for more than a decade,” said Lenovo Chairman Yuanqing Yang. “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.”


Aligning goals to the SBTI helps hold companies accountable for their emissions reduction. Without aligning to SBTi, it is difficult to validate or know when a net-zero target is reached. This is because:


1) Standardization: SBTi is the first body to standardize what net-zero means as it relates to the effort to limit global warming to 1.5 degrees Celsius.


2) Adaptation: SBTi’s standard is dynamic and responsive to companies’ collective effort and the changing temperature of the planet.


3) Accountability: While 2050 seems far away for many, and many leaders making commitments today may not be in their positions in 27 years. Aligning goals to reduce climate change to an external body provides accountability and continuity.



“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.”


Lenovo’s long-term 2050 goals coincide with its near-term, SBTi-validated 2030 emissions reduction goals, all of which are outlined below:


Overall Net-Zero Target


Lenovo commits to reach net-zero GHG emissions across the value chain by FY2049/2050.


Near-Term Targets


Lenovo commits to reduce absolute scope 1 and scope 2 GHG emissions 50% by FY2029/2030 from a FY2018/2019 base year. Lenovo also commits to reduce scope 3 GHG emissions from use of sold products 35% on average for comparable products within the same timeframe. Lenovo commits to reduce scope 3 GHG emissions from purchased goods and services 66.5% per million US$ gross profit within the same timeframe. Lenovo further commits to reduce scope 3 GHG emissions from upstream transportation and distribution 25% per tonne-km of transported product by within the same timeframe.


Long-Term Targets


Lenovo commits to reduce absolute scope 1, 2, and 3 GHG emissions by 90% by FY2049/50 from a FY2018/19 base year.


Lenovo is an early adopter of the science-based emissions reduction approach. After receiving approval for near-term 2030 emissions reduction goals in 2020 and helping to road test the first of its kind Net-Zero Standard.


“Success in achieving net-zero depends on a transparent, science-based and collaborative framework that will keep organizations accountable for the long run. SBTi has created that framework and will empower companies to expedite emissions reduction,” commented Carolina Milanesi, Founder of The Heart of Tech, an ESG-focused consultancy.


Primary strategies for reducing Lenovo’s 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 meet net-zero targets.


Lenovo’s emissions measurements will contribute to a wider body of collaborative data to understand and limit climate change, in accordance with the Paris Agreement’s goal to limit warming to no more than 1.5 degrees Celsius above pre-industrial levels. More than 4,000 companies around the world are in the process of aligning their emissions reduction goals to SBTi’s science-based methodology and validation processes.

Lenovo commits to Net-Zero emissions by 2050
Melexis invests 70M EUR in facility expansion
GUC delivers its first TSMC N3 chip
Worldwide semiconductor revenue grew 1.1%
Industry execs have positive outlook for 2023
UMC earns top environmental rating
Europe has to stand up for Dutch exports
Global semiconductor sales decrease 2.9%
Presto Engineering implements leadership changes
The electronics value chain is still in transition
Infineon highlights smart semiconductor solutions
AMD achieves AWS High Performance Computing Competency status
Chipletz selects Siemens’ EDA solutions
Memory for automotive: A fast-growing and robust market
Toray Engineering establishes European subsidiary
Infineon and Resonac expand cooperation
Infineon increases focus and investment into core semiconductor development
Micron delivers high-performance data centre SSD
SK hynix’s Vice Chairman Park Jung-ho meets with Qualcomm CEO
TSMC publishes December 2022 revenue report
Camera collaboration for software-defined vehicles
Picture perfect automotive SoC?
AMD highlights future of high-performance and adaptive computing
Delivering automotive safety and security solutions
Industry expects supply chain challenges to ease by 2024
Toshiba to expand power semiconductor production capacity
SK hynix to showcase energy-efficient, high-performance memory at CES 2023
VIS joins RE100 and pledges to source 100% renewable energy by 2040
Arm Holdings to power Saudi Arabia’s healthcare transformation
TSMC holds 3nm volume production and capacity expansion ceremony
UMC leads (again) semiconductor foundries in the 2022 Dow Jones Sustainability Indices
Brewer Science presents 'Future of Water Condition Monitoring' at CES 2023

{inStory3}
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Silicon Semiconductor Magazine, the Silicon Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: