A Message from Our Chief Corporate Responsibility Officer

As Lenovo’s Senior Vice President and Chief Legal Officer for the past six years, it is my pleasure to write my first letter in the additional capacity of Chief Corporate Responsibility Officer. Lenovo has measured and reported on our sustainability efforts for over 15 years. The increased impacts of climate change and social inequalities, and the need for corporate transparency have rightly amplified our stakeholders’ attention on both our environmental affairs and broader ESG programs. We remain steadfast on our ESG journey in pursuit of our vision to provide smarter technology for all.

During FY 2022/23, Lenovo maintained focus on transforming into a global technology powerhouse. We developed innovative solutions that reshaped the way we and our customers conduct business around the world and helped to preserve the ecosystems on which our future depends.

Our commitment to sustainability is underscored by our cultural values of credibility and accountability. These tenets of our business culture led us to the Science Based Targets initiative (SBTi) while committing to reductions in greenhouse gases. In 2020, we had our 2030 targets validated through the SBTi. In January 2023, we were proud to announce our net-zero commitment for 2050, aligned to the SBTi’s Net-Zero Standard. We believe technology and innovation are key to a smarter future, and that we must take the most credible and collaborative path to measuring our sustainability initiatives.

Our commitment to net-zero will require an immense amount of alignment and support, and this won’t be possible without the innovation that’s fueled by diverse perspectives and an inclusive culture. As a member of Lenovo’s Diversity and Inclusion Board and Executive Champion of our employee resource group for people with disabilities (A Better Lenovo for Everyone, or ABLE), I am extremely proud of our employees’ initiatives and efforts to create and maintain our inclusive culture. In 2022, we were recognized as a top employer for disability inclusion by Disability:IN. Our Product Diversity Office has expanded its strategy to ensure that our technology enables inclusive experiences for our customers, free of bias and usable by all, regardless of background or ability. We believe in fostering inclusion at the first spark of innovation, and our intellectual property team continues our efforts to ensure diversity in innovation through measurement of patent applicants and efforts to mitigate bias in our patenting process.

To further our inclusive efforts, in 2022 Lenovo committed to the Declaration of Amsterdam, confirming our commitment to fostering an inclusive workplace for LGBTIQ+ employees. Our teams quickly engaged in this commitment, leading to Lenovo’s recognition for making the most progress year-on-year in the Workplace Pride Global Benchmark. We are also proud of our philanthropic efforts and their measured effect in communities around the world. Lenovo’s global philanthropy team has tracked 16 million direct beneficiaries since 2020, meeting and exceeding our 2025 goal to impact 15 million lives.

In FY 2022/23 our ESG activities reached important milestones which attributed to Lenovo's recognition by CDP as a leader in water security (A- ranking), for mitigation of climate change (A- ranking), and for supplier engagement (A- ranking), among other accolades.

These recognitions helped Lenovo once again rise in the list of Fortune’s World’s Most Admired Companies, an annual ranking that evaluates the corporate reputations of global companies. We will continue to work toward a smarter future as a trusted and resilient global technology company with our sustainability values at our core.

Laura Quatela
Senior Vice President, Chief Legal & Corporate Responsibility Officer
Lenovo

FY2023/24

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