Lenovo Announces New Climate Targets, Approved by Science-Based Targets Initiative
Technology company Lenovo announced today that it has set 2030, greenhouse gas (GHG) emission reduction targets, after surpassing its prior 10-year goals set in 2010. The company stated that its new Scope 1 and 2 targets have been approved by the Science-Based Targets initiative (SBTi), in line with the organizations most stringent setting of limiting warming to 1.5 degrees Celsius. Lenovo has also established new Scope 3 targets, including emissions across the company’s value chain.
SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice. Achieving approval of targets by SBTi is a significant milestone for companies’ sustainability efforts, with many companies joining the initiative, but only slightly over 450 receiving approval globally to date.
SBTi lists Lenovo’s GHG emission reduction targets as follows:
Lenovo commits to reduce absolute scope 1 and 2 GHG emissions 50% by FY 2029/30 from a FY 2018/19 base year. Lenovo commits to reduce scope 3 GHG emissions from use of sold products 25% per comparable product (for notebooks, desktops and servers) by FY 2029/30 from a FY 2018/19 base year. Lenovo also commits to reduce scope 3 GHG emissions from purchased goods and services 25% per million US$ procurement spend, and from upstream transportation and distribution 25% per tonne-km of transported product over the same period.
In 2010, Lenovo set a 10-year target of reducing emissions from its operations by 40%. The company announced that it has significantly exceeded this goal, achieving a 92% percent reduction in FY2019/20 compared to the base year. Lenovo’s reductions were accomplished through a variety of energy efficiency projects, renewable energy installations within the U.S. and China, and support for several renewable energy projects via renewable energy commodity purchases.
Lenovo CEO Yang Yuanqing, said:
“We’re incredibly proud of the progress we’ve made so far in reducing our impact on the environment through conscious effort, as well as investments across our operations. We, and other global companies like us, need to act promptly as the world is needing real environmental action. As a result, we are going further than ever before to set ambitious future targets so that we can build a better future where smarter technology continues to empower everyone, everywhere.”