Lenovo Commits to Net-Zero Emissions by 2050, Validated by Science Based Targets initiative
Lenovo Group Limited
Lenovo announced 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 – making it the first PC and smartphone maker and one of only 139 companies in the world with a net-zero target validated by SBTi.
Lenovo is taking a scientific, collaborative, and accountable approach to reducing emissions by working with SBTi and aligning to their Net-Zero Standard, which is the first of its kind in the world.
“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, standardising our measurements, and seeking ongoing validation for our targets and progress.”
Aligning goals with the SBTi helps companies hold themselves accountable for reducing emissions. Without aligning to SBTi, it is hard to validate or know when a net-zero target is reached. This is because:
Standardisation: SBTi is the first body to standardise what net-zero means as it relates to the effort to limit global warming to 1.5 degrees Celsius.
Adaptation: SBTi's standard is flexible and changes based on how companies work together and how the temperature of the Earth changes.
Accountability: While 2050 seems far away for many, 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.”
Source: Lenovo
