Computer manufacturer Lenovo announced today a goal to reach net zero greenhouse gas (GHG) emissions by 2050.
The commitment, covering the companies’ full value chain, and has been validated by the Science Based Targets initiative (SBTi) as aligned with its net zero standard.
Yuanqing Yang, Lenovo Chairman, said:
“As a global technology leader, Lenovo has been committed to reducing its emissions for more than a decade. 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.”
In the long term, the company has committed to reducing its absolute scope 1, 2 and 3 GHG emissions by 90% by 2050, compared to a 2018-2019 base year. Its near-term, SBTi-validated 2030 emissions reduction goals include an absolute scope 1 and scope 2 GHG emissions reduction by 50% percent by fiscal year 2029-2030, as well as a commitment to reduce its scope 3 GHG emissions from use of sold products by 3% on average for comparable products within the same timeframe.
Lenovo also said it will commit to reducing scope 3 GHG emissions from purchased goods and services by 66.5% percent per million US-dollar gross profit and scope 3 GHG emissions from upstream transportation and distribution by 25% per tonne-km of transported product by 2030.
SBTi launched its Net Zero Standard in 2021, setting stringent criteria which it uses to assess and certify corporate commitments to achieve net zero emissions. The standard typically requires net zero goals to target decarbonization of 90-95% by 2050, with neutralization of residual emissions that are not yet possible to cut.
Lenovo is one of only 139 companies to date to have its targets validated according to the Net Zero Standard, and the first among PC and smartphone makers.
Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative, said:
“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. Lenovo’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”