Lenovo Group today announced that it has received its highest-ever rating and the best overall industry score for the IT industry from the Hang Seng Corporate Sustainability Index, reaching an AA+ rating for the first time. Lenovo has been included in the ranking since 2010, with each consecutive year marking the company’s ongoing commitment and progress in all areas of ESG (Environmental, Social, Governance).
The Hang Seng Sustainability Index evaluates company’s ESG performance across seven core indices including corporate governance, human rights, labor practices, environmental impact, fair operating practices, consumer issues, and community involvement and development. It’s widely regarded as a useful indicator and strong benchmark for investors seeking socially responsible companies to include in their portfolios. Lenovo improved its score across all seven core topics, with the strongest score in the area of labor practices.
This recognition comes after Lenovo recently released its 15th annual ESG report for fiscal year 2020-21. After announcing aggressive Science-Based Targets for emissions reduction by 2030 in the2020 report, Lenovo announced more goals addressing issues across ESG topics this year, many with a more aggressive five-year timeline. With new goals to enhance Lenovo’s participation in the circular economy, increase use of renewable resources, and increase the energy efficiency of its products, Lenovo is demonstrating its commitment to measurable performance in environmental affairs. Lenovo also set new goals across social impact programs, targeting an increase in both female and U.S. underrepresented minority executive representation as well as community impact through its global philanthropy programs driven by the Lenovo Foundation.