Lenovo Group (HKSE: 992) (ADR: LNVGY) has officially released the "Environmental, Social, and Corporate Governance Report for the Fiscal Year 2025/226" (hereinafter referred to as the "ESG Report"). This is the 20th annual ESG report released by Lenovo Group, and also the report card of the company's first generation of long-term, company wide ESG goals. The ESG report simultaneously released Lenovo Group's new generation ESG goals for 2030, marking a significant milestone in Lenovo Group's commitment towards the vision of "intelligence for every possibility" with quantifiable achievements, and embarking on the next sustainable development journey with higher goals.
联想集团（HKSE: 992）（ADR: LNVGY）正式发布《2025/2026财年环境、社会和公司治理报告》（以下简称“ESG报告”）。这是联想集团发布的第20份年度ESG报告，也是公司第一代长期、全公司范围ESG目标收官之年的成绩单。ESG报告同步公布了联想集团面向2030年的新一代ESG目标，这标志着联想集团在迈向“智能，为每一个可能”愿景的道路上，以可量化的成就完成了一个重要阶段的承诺，并以更高目标开启下一段可持续发展征程。

The ESG reporting system presents Lenovo Group's measurable progress in areas such as environmental protection, social impact, and corporate governance, and delves into how the company uses a hybrid artificial intelligence strategy as its core driving force to integrate responsible innovation into every aspect of global operations while promoting sustained business growth - from renewable energy practices in Chinese manufacturing bases, to using artificial intelligence to enhance product lifecycle sustainability, and to extending technological capabilities to broader areas of sustainable innovation and social value. Currently, the transformation of AI technology is profoundly affecting the ESG practices of enterprises. As a leading enterprise in the global AI ecosystem, Lenovo Group leads the deep integration of AI and ESG with the concept of "human centered intelligence", allowing technology to truly serve a sustainable future.
ESG报告系统呈现了联想集团在环境保护、社会影响及公司治理等领域取得的可衡量进展，并深入阐述了公司如何以混合式人工智能战略为核心驱动力，在推动业务持续增长的同时，将负责任创新融入全球运营的每一个环节——从中国制造基地的可再生能源实践，到以人工智能提升产品生命周期的可持续性，再到将科技力量延伸至更广泛的可持续创新与社会价值领域。当前，AI技术变革深刻影响着企业的ESG实践，作为全球AI生态链领先企业，联想集团以“人本智能”理念引领AI与ESG的深度融合，让技术真正服务于可持续未来。

With the advent of the era of artificial intelligence, we will continue to be guided by our commitment to long-term sustainable development, uphold the innovative concept of people-oriented, and promote Lenovo's global business to continue to move forward. Making the vision of 'intelligence for every possibility' a reality requires the efforts of each and every one of us. Lenovo will continue to leverage the power of its global team and inclusive culture to build a smarter and more sustainable future.
——Yang Yuanqing, Chairman and CEO of Lenovo Group
随着人工智能时代的到来，我们将继续以长期可持续发展承诺为指引，秉持以人为本的创新理念，推动联想全球业务持续前行。让“智能，为每一个可能”愿景成为现实，要靠我们每个人的努力。联想将继续发挥全球团队和包容性文化的力量，构建一个更加智慧、更加可持续的未来。
—— 杨元庆联想集团董事长兼CEO

With its forward-looking AI layout and responsible ESG practices, Lenovo Group has won multiple awards in the ESG field, including the highest honor in the EcoVadis Global Sustainability Rating Platinum Medal for two consecutive years, the CDP Climate Change, Water Safety, and Supplier Engagement 3A rating, and the Hong Kong Institute of Certified Public Accountants' 2025 Best Sustainable Development Institution Award. In addition, Lenovo Group is also listed as the 5th in Gartner's 2026 Global Supply Chain Top 25 and has been included in the Fortune China ESG Impact List for the 5th consecutive year.
凭借前瞻的AI布局及负责任的ESG实践，联想集团斩获了多项ESG领域的殊荣，包括连续两年获得EcoVadis全球可持续发展评级最高荣誉铂金奖牌，获得CDP气候变化、水安全及供应商参与度3A评级，以及香港会计师公会评选的2025最佳可持续发展机构奖等。此外，联想集团还上榜Gartner 2026年度全球供应链25强第5名，并连续第5年入选《财富》中国ESG影响力榜。

The first generation ESG goals have come to a comprehensive end, and the five-year commitments have been fulfilled one by one
第一代ESG目标全面收官，五年承诺逐一兑现

Since the launch of the first generation of long-term ESG key performance indicator (KPI) system in the 2021/2022 fiscal year, Lenovo Group has spent five years fully fulfilling its public commitments in the three pillars of environment, society, and governance, and turning quantitative goals into verifiable actual results one by one.
自2021/2022财年启动第一代长期ESG关键绩效指标（KPI）体系以来，联想集团历时五年，在环境、社会、治理三大支柱上全面兑现了对外公开承诺，将量化目标逐一化为可验证的实际成果。

In terms of implementing environmental governance, Lenovo Group is steadily advancing its net zero emissions target by 2050 and has successfully achieved over 90% of global operating electricity from renewable energy sources by the 2025/2026 fiscal year; 100% of personal computer products contain post consumer recycled materials; Recycling and reusing over 800 million pounds (approximately 363 million kilograms) of scrapped products; Accumulated use of 300 million pounds (approximately 136 million kilograms) of post consumer recycled plastic in the product; Reduce the use of disposable plastic in smartphone packaging by over 50%, with 60% of packaging materials coming from recycled materials. Based on the continuous improvement of environmental performance mentioned above, Lenovo Group has once again received an A-level "leadership rating" in the 2025 CDP climate change survey questionnaire.
在落实环境治理层面，联想集团稳步推进2050年净零排放目标，到2025/2026财年已成功实现：全球运营电力逾90%来自可再生能源；100%的个人电脑产品含消费后再生材料；回收及再利用报废产品超8亿磅（约3.63亿公斤）；产品中累计使用3亿磅（约1.36亿公斤）消费后再生塑料；智能手机包装一次性塑料使用量减少50%以上，60%的包装材料来自再生材料。基于上述环境绩效的持续提升，联想集团在2025年CDP气候变化调查问卷中再次获评A级“领导力评级”。

In terms of social impact, Lenovo's global public welfare actions have benefited a total of 25 million people from 2021 to 2026, covering fields such as technology, education, and health, exceeding the five-year target. The company's annual "Love On" Global Volunteer Service Month has set a new historical record in its ninth year, and the scale of employee voluntary participation continues to expand. As the official technical partner of FIFA, Lenovo Group deeply integrates technology with sports public welfare, and carries out inclusive projects for vulnerable groups in multiple regions, extending the spirit of the arena to a wider community. In addition, over 75% of Lenovo Group's products are reviewed by inclusive design experts to ensure they are suitable for people with different abilities and needs. With continuous investment in diversity and inclusivity, Lenovo Group has received multiple international recognitions from organizations such as Disability: IN, Workplace Pride, and Human Rights Campaign.
在社会影响层面，2021年至2026年间，联想全球公益行动累计惠及2500万人，覆盖技术、教育、卫生等领域，五年目标超额达成。公司年度“Love On”全球志愿服务月在第九年再创历史纪录，员工自发参与规模持续扩大。作为FIFA官方技术合作伙伴，联想集团将科技与体育公益深度融合，在多个地区面向弱势群体开展包容性项目，将赛场精神延伸至更广泛的社区。此外，联想集团75%以上的产品经包容性设计专家审核，确保适用于不同能力和需求的人群。凭借在多元与包容领域的持续投入，联想集团收获了来自Disability:IN、Workplace Pride、Human Rights Campaign等机构的多项国际认可。

In strengthening corporate governance and responsible operations, Lenovo Group continues to improve the sustainable development performance of manufacturing operations through innovative mechanisms. Internally, Lenovo's Hefei Industrial Base and Monterrey Manufacturing Base in Mexico have been selected as global "lighthouse factories", becoming benchmarks for Lenovo's intelligent manufacturing and global supply chain capabilities. Externally, Lenovo continues to expand its sustainable service portfolio and assist clients in driving sustainable IT transformation. The Lenovo TruScale service launched in August 2025 is a typical practice in this direction - optimizing enterprise carbon footprint management, extending equipment usage cycles, and accelerating the transition to a circular economy model through modular solutions, extending Lenovo's governance capabilities from internal operations to customers' value chains.
在强化公司治理与负责任运营层面，联想集团以创新机制持续提升制造运营的可持续发展表现。对内，联想合肥产业基地、墨西哥蒙特雷制造基地先后入选全球“灯塔工厂”，成为联想智能制造及全球供应链能力的标杆。对外，联想持续拓展可持续服务组合，帮助客户推动可持续IT转型。2025年8月推出的联想TruScale服务，正是这一方向的典型实践——通过模块化解决方案，优化企业碳足迹管理、延长设备使用周期，并加速向循环经济模式过渡，将联想的治理能力从内部运营延伸至客户的价值链中。

In the fiscal year 2025/226, Lenovo Group's manufacturing base in Monterrey, Mexico was selected for the World Economic Forum (WEF) Global Lighthouse Network, lighting up the first "lighthouse factory" of Chinese enterprises in the Americas, which is also one of Lenovo Group's most advanced intelligent manufacturing bases in the world.
2025/2026财年，联想集团位于墨西哥蒙特雷的制造基地入选世界经济论坛(WEF)全球灯塔网络，点亮了中企在美洲的首座“灯塔工厂”，这也是联想集团全球最先进的智能制造基地之一。

Hybrid AI drives sustainable innovation and leads global AI ecosystem responsibility practices
混合式AI驱动可持续创新，引领全球AI生态链责任实践

In the fiscal year 2025/2026, hybrid artificial intelligence is a key theme for Lenovo Group, both in its sustainable development strategy and overall business strategy. As a leading enterprise in the global AI ecosystem, Lenovo Group understands that the value of artificial intelligence lies not only in the technology itself, but also in how to transform data and knowledge into actionable insights, improve production efficiency, and achieve large-scale applications in a responsible manner. This philosophy also runs through Lenovo Group's ESG practices - AI is becoming the core engine for fulfilling sustainability commitments, rather than just a driving tool for business growth.
2025/2026财年，无论是在可持续发展战略还是整体业务战略中，混合式人工智能均为联想集团的关键主题。作为全球AI生态链领先企业，联想集团深知人工智能的价值不仅在于技术本身，更在于如何将数据与知识转化为可执行的洞察，在提升生产效率的同时，以负责任的方式实现规模化应用。这一理念同样贯穿于联想集团的ESG实践——AI正在成为兑现可持续承诺的核心引擎，而不仅仅是业务增长的驱动工具。

At the level of sustainable operation, Lenovo Group systematically applies artificial intelligence and digital transformation to green manufacturing and environmental management: using AI to improve factory operation efficiency, capturing energy consumption improvement opportunities through real-time data insights, and optimizing global supply chain carbon emission tracking and management. The Lenovo ESG Navigator LeXun platform is a concentrated embodiment of this practice - deeply integrating AI capabilities with ESG management, transforming sustainable development from qualitative goals to quantifiable and traceable operational indicators.
在可持续运营层面，联想集团将人工智能和数字化转型系统性地应用于绿色制造与环境管理：借助AI提升工厂运营效率，通过实时数据洞察捕捉能耗改进机会，进而优化全球供应链的碳排放追踪与管理。联想ESG Navigator乐循平台正是这一实践的集中体现——将AI能力与ESG管理深度融合，使可持续发展从定性目标转化为可量化、可追踪的运营指标。

At the level of product and infrastructure innovation, Lenovo Group launches the new generation Neptune ® Sea God liquid cooling technology significantly reduces energy consumption in data centers, achieving more efficient and energy-saving operations for enterprise customers. The large-scale implementation of this technology not only helps customers reduce the carbon footprint of their IT infrastructure, but also reflects Lenovo Group's strategic depth in embedding green design concepts into its full stack AI product portfolio. Lenovo Group is building an AI technology value chain that emphasizes both efficiency and sustainability, from terminal devices to cloud infrastructure.
在产品与基础设施创新层面，联想集团推出新一代Neptune®海神液冷技术，显著降低数据中心能耗，为企业客户实现更高效、更节能的运营。这一技术的规模化落地，不仅帮助客户降低IT基础设施的碳足迹，更体现了联想集团将绿色设计理念嵌入全栈AI产品组合的战略纵深。从终端设备到云端基础设施，联想集团正在构建一套以效能与可持续性并重为核心的AI技术价值链。

Lenovo Group launches new generation Neptune ® Sea God liquid cooling technology significantly reduces energy consumption in data centers, achieving more efficient and energy-saving operations for enterprise customers.
联想集团推出新一代Neptune®海神液冷技术，显著降低数据中心能耗，为企业客户实现更高效、更节能的运营。

At the level of supply chain collaboration, Lenovo Group extends its AI capabilities to the global ecosystem partner network. Lenovo Group conducts ESG performance evaluations on suppliers who account for 99% of production procurement expenditures, promoting core suppliers to participate in CDP climate change disclosure. In the fiscal year 2025/226, 89% of suppliers have set public renewable energy targets based on procurement amounts, and 96% of suppliers have achieved third-party verification of greenhouse gas emission data. The Lenovo Supplier ESG Lecture online event held by Lenovo Group in 2025 attracted nearly 1000 supplier representatives to participate, extending Lenovo's ESG management capabilities from Lenovo itself to the entire AI ecosystem. Lenovo Group's comprehensive supply chain capabilities have also been highly recognized by industry authorities, ranking 5th in Gartner's 2026 Global Supply Chain Top 25 and 1st in the Asia Pacific Supply Chain.
在供应链协同层面，联想集团将AI能力延伸至全球生态伙伴网络。联想集团对占生产性采购支出99%的供应商进行ESG绩效评估，推动核心供应商参与CDP气候变化披露。2025/2026财年，按采购金额计，89%的供应商已设定公开可再生能源目标，96%的供应商实现温室气体排放数据的第三方验证。联想集团举办的2025年联想供应商ESG大讲堂在线活动，吸引了近1000名供应商代表参与，将ESG管理能力从联想自身延伸到整个AI生态链。联想集团的供应链综合能力，也获得了业界权威机构的高度认可——在Gartner 2026年度全球供应链25强中位列第5名，并荣获亚太供应链第1名。

The new generation of ESG goals has been officially released, anchoring the new heights of sustainable development by 2030
新一代ESG目标正式发布，锚定2030年可持续发展新高度

This ESG report simultaneously releases Lenovo Group's new generation long-term ESG goals, guiding the company's ESG priorities and performance management in the next stage.
本次ESG报告同步发布联想集团新一代长期ESG目标，指导公司下一阶段的ESG优先事项与绩效管理。

In the field of climate, Lenovo Group has committed to achieving 100% global electricity from zero carbon sources by 2030, and continues to fulfill its long-term commitment of net zero emissions by 2050. In terms of resource efficiency, Lenovo Group aims to use 200000 tons of sustainable materials in packaging and products by 2030, and achieve the recycling and reuse of 160000 tons of scrapped products. In terms of social impact, Lenovo Group will influence the lives of 30 million people through public welfare projects and partnerships. In terms of inclusivity, Lenovo Group will strive to increase the proportion of female executives worldwide and provide inclusive design training courses for all employees. At the governance level, Lenovo Group promises to continuously improve its responsible AI program and enhance its sustainable development performance.
在气候领域，联想集团承诺到2030年实现全球经营活动100%电力来自零碳来源，持续兑现2050年净零排放的长期承诺。在资源效率方面，联想集团设定到2030年在包装和产品中使用20万吨可持续材料，并实现16万吨报废产品的回收和再利用。在社会影响维度，联想集团将通过公益项目和伙伴关系影响3000万人的生活。在包容性方面，联想集团将致力于提高全球女性高管比例，并为所有员工提供包容性设计培训课程。在治理层面，联想集团承诺持续完善负责任AI计划，不断提升可持续发展表现。

Against the backdrop of accelerated evolution in the era of artificial intelligence and profound reshaping of the global landscape, AI and ESG have become important supports for Lenovo Group as a globally competitive and sustainable technology enterprise. Looking towards the future, Lenovo Group will respond to the uncertainty of globalization with ESG certainty, continue to uphold the concept of "human centered intelligence", work together with customers, partners, and global communities to build a smarter and more resilient tomorrow.
在人工智能时代加速演进、全球格局深刻重塑的背景下，AI与ESG已成为联想集团作为一家具有可持续竞争力的全球化科技企业的重要支撑。面向未来，联想集团将以ESG的确定性应对全球化的不确定性，继续秉持“人本智能”理念，与客户、合作伙伴及全球社区携手，共同构建一个更加智慧、更具韧性的明天。