Lenovo Again Included in Hang Seng Corporate Sustainability Index
PC maker earns #1 slot for IT companies, AA rating and second consecutive spot on “Honour Board” for ongoing commitment to sustainability
HONG KONG (BUSINESS WIRE), August 21, 2012 - Lenovo Group, the world’s second-largest PC manufacturer, has been selected as a constituent stock the 2012 Hang Seng Corporate Sustainability Index (HSCSI) with an improved AA rating. This is the third year of the index and the third in which Lenovo has been selected, acknowledging Lenovo’s ongoing commitment to sustainability. The HSCSI is a tradable index and useful indicator for investors seeking socially responsible companies to include in their portfolios. Research for the index covered 95 percent of market capitalization in the Hong and Mainland China markets.
Lenovo’s AA ranking is an improvement from the A+ rating it received last year and is representative of Lenovo’s continuous efforts to be both sustainable and socially responsible. For the second consecutive year, Lenovo has earned a position on the index’s Honour Board, which puts it among the top 10 of the 636 companies whose corporate sustainability performance was examined. In addition, Lenovo is the top rated company in the Information Technology sector and the only company in its sector among the Hong Kong top 20.
“As we continue to commit ourselves to sustainability and social responsibility, it is an honor to be recognized for our efforts by this important index,” said Peter Hortensius, Lenovo’s SVP and President, Product Group, who also serves as the company’s chief sustainability officer. “The last year has been tremendous for Lenovo. We are now the second-largest PC manufacturer in the world, and very close to becoming the industry leader. This was achieved while maintaining and extending our dedication to sustainability and our core values.”
As a global company, Lenovo supports and implements sustainable business practices and is devoted to ensuring that its products, employees, sites and suppliers are following the commitments the company has made to environmental and socially responsible business practices. Lenovo’s corporate social responsibility commitment encompasses:
- Protecting the environment as a strategic focus in all aspects of the company’s business, from product design and supplier selection to manufacturing and product life cycle management
- Focusing on product quality and safety throughout the entire life cycle
- Building a safe and healthy workplace where Lenovo treats its people as the company’s greatest asset
- Maintaining the highest ethical standards with a commitment to integrity and responsibility
- Donating time and resources to philanthropy to help those less fortunate and when disaster strikes
Additional details about Lenovo’s commitment to sustainability, and the company’s latest sustainability report, can be found online here: http://www.lenovo.com/csr.
Launched in 2010, the Hang Seng Corporate Sustainability Index Series is Asia’s leading benchmark of the sustainability of Hong Kong listed companies – it is the first index series of its kind to focus exclusively on the environment, social and governance (ESG) performance of Hong Kong and mainland China stocks. The Hang Seng Corporate Sustainability Index Series is managed and compiled by Hang Seng Indexes Company, in collaboration with RepuTex-ESG, the ESG research arm of RepuTex Group. Full press release from RepuTex-ESG here: http://www.reputex.com/media-centre/media-release-asia-esg-performance-improves-across-the-board
Lenovo (HKSE: 0992) (PINK SHEETS: LNVGY) is a $US30 billion personal technology company – and the second largest PC company in the world, serving customers in more than 160 countries.
Dedicated to building exceptionally engineered PCs and mobile internet devices, Lenovo’s business is built on product innovation, a highly-efficient global supply chain and strong strategic execution. Formed by Lenovo Group’s acquisition of the former IBM Personal Computing Division, the company develops, manufactures and markets reliable, high-quality, secure and easy-to-use technology products and services. Its product lines include legendary Think-branded commercial PCs and Idea-branded consumer PCs, as well as servers, workstations, and a family of mobile internet devices, including tablets and smart phones. Lenovo has major research centers in Yamato, Japan; Beijing, China; and Raleigh, North Carolina. For more information, see www.lenovo.com.