Lenovo’s long-term commitment to delivering excellence across Corporate Governance and ESG practices and reporting has been recognised with the company receiving a Gold Award in the annual Best Corporate Governance and ESG Awards by the Hong Kong Institute of Certified Public Accountants (HKICPA).
The awards from HKICPA recognise listed companies and public sector organisations that have demonstrated excellence in both corporate governance and environmental, social and governance (ESG) practices and reporting, while integrating these two elements into their values, strategies and operations. This recognition marks the eleventh consecutive year that Lenovo Group Limited has received awards from the HKICPA.
The judges’ citation report recognised Lenovo’s corporate culture, segregation of duties between management and the board, board structure, risk management, ESG disclosures, ESG targets, and use of independent ESG verifications. In particular the report noted: ‘Lenovo has set and promoted its corporate culture in alignment with its purpose, values and strategy. The company has a high proportion of INEDs [independent non-executive directors] on the board, which significantly exceeds the Listing requirements. On the environment front, Lenovo announced its SBTi validated target to reach net-zero GHG emissions target by 2050 and the targets have been set against a base year of FY 2018/19, near term target year of FY 2029/30, and net-zero target year of FY 2049/50.’
For more information or to see an overview of Lenovo’s global sustainability, social impact, and governance practices, please see the latest Environmental, Social and Governance Report published in June 2023.
