Lenovo is in the first group of companies to receive net-zero validation from the Science Based Targets initiative, making it the first PC and smartphone maker and one of only 139 companies around the world with targets validated by the Net-Zero Standard.
Lenovo has 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.
By working with SBTi and aligning to their Net-Zero Standard (the world’s first), Lenovo is taking a scientific, collaborative and accountable approach to reducing emissions.
“As a global technology leader, Lenovo has been committed to reducing its emissions for more than a decade,” said Yuanqing Yang, Lenovo Chairman. “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 on-going validation for our targets and progress.”
Aligning goals to the SBTi helps hold companies accountable for their emissions reduction. Without aligning to SBTi, it is difficult to validate or know when a net-zero target is reached. This is because:
- Standardization: SBTi is the first body to standardize what net-zero means as it relates to the effort to limit global warming to 1.5 degrees Celsius
- Adaptation: SBTi’s standard is dynamic and responsive to companies’ collective effort and the changing temperature of the planet
- Accountability: While 2050 seems far away for many, many leaders making commitments may not be in their positions in 27 years. Aligning goals to reduce climate change to an external body provides accountability and continuity
Luiz Amaral, Chief Executive Officer of the Science Based Targets initiative, added: “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.”
