Lenovo’s Climate Action: Sustainability Goals, Risks, and Achievements
Lenovo's environmental policies strictly prohibit the use of ozone-depleting substances in its products and manufacturing processes, with exceptions limited to HVAC and fire suppression equipment, as allowed by law and regulated locally. Intentional releases are not permitted. Under Lenovo’s Environmental Management System (EMS), any release of chemical substances, whether intentional or accidental, must be reported as an environmental incident.
During the fiscal year 2023/24, there were no reported incidents involving refrigerant releases. Additionally, Lenovo's operations do not generate significant direct air emissions, such as nitrogen oxides (NOx), sulfur oxides (SOx), or particulate matter (PM), as defined by its Significant Environmental Aspect (SEA) process. The company also avoids wet chemical or industrial processes that involve volatile organic compounds (VOCs), meaning it has no point sources for VOC emissions. Minimal fugitive emissions from small quantities of VOCs in household and cleaning products used at certain facilities are not quantified.
Managing Climate Change Risks and Opportunities
Lenovo identifies and evaluates climate change risks and opportunities through two main business processes: its Group Risk Management and Control (GRMC) framework and its annual evaluation of significant environmental aspects. These interconnected processes ensure that climate-related risks identified in the global risk registry are considered in environmental assessments, and vice versa.
During the fiscal year 2023/24, there were no reported incidents involving refrigerant releases. Additionally, Lenovo's operations do not generate significant direct air emissions, such as nitrogen oxides (NOx), sulfur oxides (SOx), or particulate matter (PM), as defined by its Significant Environmental Aspect (SEA) process. The company also avoids wet chemical or industrial processes that involve volatile organic compounds (VOCs), meaning it has no point sources for VOC emissions. Minimal fugitive emissions from small quantities of VOCs in household and cleaning products used at certain facilities are not quantified.
Managing Climate Change Risks and Opportunities
Lenovo identifies and evaluates climate change risks and opportunities through two main business processes: its Group Risk Management and Control (GRMC) framework and its annual evaluation of significant environmental aspects. These interconnected processes ensure that climate-related risks identified in the global risk registry are considered in environmental assessments, and vice versa.
- Risk Management: Lenovo’s formal risk management framework addresses strategic, operational, financial, legal, regulatory, and compliance risks. These include natural disasters affecting employee safety, operational efficiency, and supply chain resilience, as well as risks related to non-compliance with environmental, social, and governance (ESG) regulations. Major business units and functions assess risks, evaluate their impact on strategy, and develop mitigation plans. The GRMC team oversees this process.
- Environmental Aspects and Impacts: Energy consumption, greenhouse gas (GHG) emissions, and net-zero targets are identified as significant environmental aspects. Lenovo evaluates and prioritizes associated risks and opportunities annually, following its EMS requirements. Climate change is assessed for its actual and potential impacts on both the environment and business operations. The Global ESG team manages this process, integrating the findings into the broader enterprise risk management framework.
In FY 2023/24, Lenovo conducted a climate scenario analysis to examine the physical and transitional risks and opportunities posed by climate change. The analysis revealed that while climate risks could negatively impact the business, proactively pursuing climate-related opportunities—such as developing sustainability-focused products and services—could yield significant positive outcomes under a 1.5°C global warming scenario. Lenovo has committed to reducing 90% of full-scope emissions to align with this target and continues to expand its sustainable product offerings.
ESG Commitments and Achievements
Lenovo's ESG materiality assessment highlights energy and emissions as priority topics for its environmental programs. Aligned with UN Sustainable Development Goal (SDG) 13 (Climate Action), one of Lenovo’s ESG pillars includes a climate action objective. Additional details about Lenovo’s materiality assessment and its alignment with the SDGs can be found in Section 2.0 of its sustainability report.
For further insights into Lenovo’s climate-related risk and opportunity assessments, metrics, and actions, refer to its responses in the most recent CDP Climate questionnaire. In 2023, Lenovo earned an A– "Leadership Level" rating on CDP’s Climate Change questionnaire, reflecting its commitment to environmental stewardship and effective climate mitigation efforts across its operations and supply chain.
ESG Commitments and Achievements
Lenovo's ESG materiality assessment highlights energy and emissions as priority topics for its environmental programs. Aligned with UN Sustainable Development Goal (SDG) 13 (Climate Action), one of Lenovo’s ESG pillars includes a climate action objective. Additional details about Lenovo’s materiality assessment and its alignment with the SDGs can be found in Section 2.0 of its sustainability report.
For further insights into Lenovo’s climate-related risk and opportunity assessments, metrics, and actions, refer to its responses in the most recent CDP Climate questionnaire. In 2023, Lenovo earned an A– "Leadership Level" rating on CDP’s Climate Change questionnaire, reflecting its commitment to environmental stewardship and effective climate mitigation efforts across its operations and supply chain.
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