Lenovo recently announced plans to purchase 90% of electricity the company consumes from renewable energy resources by 2026.
This new climate change mitigation strategy will enable Lenovo to cut its greenhouse gas emissions by one million tons, thus moving away from using conventional energy resources such as coal.
The announcement wasn’t a surprise as global corporates are increasingly adopting power purchase agreement to accelerate their transition to net-zero emissions.
In addition, Lenovo is also looking to reduce carbon emissions across its value chain. All of Lenovo’s desktops will have 50% improvement in energy efficiency whilst notebooks and Motorola products will achieve a 30% increase in energy efficiency. As a result, less power will be used in using Lenovo products thus reducing energy bills and carbon footprints among consumers.
Furthermore, the company said that it will increase its focus and investments in circular economy and the use of sustainable materials. By 2026, all of the company’s products will use materials that would have been recycled.
CEO Yang Yuanqing, said: “The urgency to combat climate change, safeguard natural resources, invest in our communities, and govern ourselves with the highest ethical standards has only increased. It is now up to global businesses and their leaders to continue building resilience into our operations and among our communities in the months, years, and decades to come.”