Lenovo is issuing its first ESG bonds totaling $1.25 billion to accelerate its efforts to establish a sustainable business.

Lenovo, a global services and solutions provider, recently published its 16th annual ESG report (fiscal year 2021/2022), announcing the progress and achievements of its ESG activities.

Additionally, Lenovo recently issued its first Green Bond to accelerate its sustainability goals and business strategy. The green bonds, which are part of a $1.25 billion dual-tranche public offering, were issued in an amount of $625 million and have a 10-year maturity.

This green bond issuance is a major achievement of Lenovo's ESG strategy for its 2050 Net Zero vision, and Lenovo plans to invest the net proceeds from the bonds in projects and initiatives that achieve its ESG goals, leading the way in creating a smarter, more sustainable future for all.

In this annual ESG report, Lenovo disclosed its increased participation in the circular economy through closed-loop processes, achievement of short-term greenhouse gas emission reduction targets, recognition for workplace inclusivity, and record-breaking philanthropic investments in communities around the world.

“As the global landscape rapidly changes, the need for smarter innovation and responsible business operations is growing,” said Yuanqing Yang, Lenovo Chairman and CEO. “Lenovo is committed to our vision of providing smarter technology for everyone and helping to decarbonize the global economy – one of the greatest challenges in human history.”

Lenovo has expanded its commitment to the circular economy by incorporating new types of recycled materials, including magnesium, aluminum, and marine plastics, into its products. The company has also increased the number of closed-loop recycled plastic products made from recycled electronics from 103 last year to 248.

Lenovo also established a vision of achieving net zero emissions by 2050 based on fiscal year 2020. Lenovo's carbon emission reduction targets for achieving net zero are currently under review by the Science-Based Targets Initiative (SBTi). In 2021, Lenovo participated as a member of SBTi's Net-Zero Standard load testing organization, providing critical standardization testing and feedback to support the Net-Zero goal.

Lenovo also shared progress toward its 2030 carbon emissions reduction goals, including a 15% reduction in direct (Scope 1) and indirect (Scope 2) emissions, and stated that it is working closely with suppliers to reduce carbon intensity across its value chain, which falls under Scope 3.

In addition to its environmentally friendly management, Lenovo has also achieved notable achievements in promoting an inclusive work environment. Lenovo was named a Top Employer on the Bloomberg Gender-Equality Index, received a perfect score of 100 for five consecutive years in the Human Rights Campaign (HRC) Best Companies for LGBTQ+ Inclusion category, and was recognized as a Top Workplace for Disability Inclusion by Disability:IN.

Lenovo's philanthropic efforts and investments to expand STEM (Science, Technology, Engineering, and Mathematics) education opportunities in underserved communities also stand out. In 2022, Lenovo set a new global philanthropic record by donating US$21 million worth of devices and funds to communities around the world. This included Lenovo employee talent donations of approximately US$3 million, bringing the total charitable impact to US$24 million.

More information about Lenovo's annual ESG report and green bonds can be found on the Lenovo StoryHub (https://news.lenovo.com/).