Lenovo Receives AA Rating in 2019 Hang Seng Corporate Sustainability Index
Lenovo has been rated AA by the Hong Kong Quality Assurance Agency, the rating agency behind the Hang Seng Corporate Sustainability Index, and achieved the best overall score in the IT industry. This is the ninth consecutive year that Lenovo has been included in this ranking, showing Lenovo’s ongoing commitment to sustainability. This year’s rankings featured 30 Hong Kong listed companies from 10 different industries.
The HSCSI is a Hong Kong Stock Exchange recognized index and useful indicator for investors seeking socially responsible companies to include in their portfolios. The selection process involves an evaluation of a company’s practices in key sustainability areas such as corporate governance, observance of human rights and labor practices, impact on the environment, and community involvement and development.
John Cerretani, Lenovo Vice President, Deputy General Counsel and Chief Corporate Responsibility Officer stated, “Lenovo is honored to be selected as a constituent in the Hang Seng Corporate Sustainability Index for the ninth consecutive year. This recognition underscores our longstanding commitment as a global citizen to address the needs of our stakeholders through our sustainability and corporate responsibility initiatives. We will continue driving results that contribute to our mission to deliver smarter technology for all.”
Lenovo’s commitment to upholding sustainable environmental and social practices is evident in the milestones achieved in the past year. Lenovo achieved a 92 percent reduction in Scope 1 and 2 greenhouse gas emissions globally in FY 2018/19 verses our FY2009/10 baseline, while driving innovations in packaging design to reduce waste by eliminating one-time use plastic tape from the bottom of our ThinkPad packaging. Further, this year marked the launch of the Lenovo Foundation whose mission is to empower diverse and underserved communities through increasing access to STEM education.
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$50 billion Fortune Global 500 company, with 57,000 employees and operating in 180 markets around the world. Focused on a bold vision to deliver smarter technology for all, we are developing world-changing technologies that create a more inclusive, trustworthy and sustainable digital society. By designing, engineering and building the world’s most complete portfolio of smart devices and infrastructure, we are also leading an Intelligent Transformation – to create better experiences and opportunities for millions of customers around the world.
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