Commercial, GHG Emissions - September 10, 2020
Lenovo targets 50% emissions cuts by 2030
Lenovo announced Sept. 2 their new target of reducing Scope 1 and 2 emissions by 50% by 2030 after exceeding their previous emissions goal last year
The tech company surpassed their 40% emissions reduction goal, which they set in 2010, and saw a 92% reduction of Scope 1 and 2 emissions in FY 2019/20. They achieved this reduction through energy efficiency projects, renewable energy installations and support for several renewable energy projects via renewable energy commodity purchases.
With the release of their new Environmental, Social and Governance Report, they also committed to a new goal of reducing Scope 3 emissions intensity by 25% before 2030. Their new targets were approved by the Science Based Targets initiative.
Lenovo is also pursuing net-zero emissions by 2050 and is focusing on decreasing emissions across their value chain in the use of solar projects, purchased goods and services and upstream transportation.
“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,” Lenovo CEO Yang Yuanqing said in a statement. “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.”