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Associated Press
a day ago
- Business
- Associated Press
Lenovo Releases FY 2024/25 ESG Report, Showcasing Measurable Progress and Industry Leadership
Lenovo released its FY 2024/25 Environmental, Social, and Governance (ESG) Report, detailing the company's progress toward its 2030 emissions reduction targets and reaffirming its long-term ambition to achieve net-zero greenhouse gas emissions by 2050, aligned to the Science Based Targets initiative. As the first generation of ESG key performance indicators approaches completion, Lenovo remains on track across many key objectives, making this year a pivotal moment in its sustainability journey. The report outlines how Lenovo is accelerating environmental progress through its participation in the circular economy, including the continued use of closed-loop recycled materials in its products. Lenovo also continues to empower customers with sustainability services that facilitate repair, recycling, and reuse, helping extend product lifecycles and keeping materials in circulation. This year's report reflects a growing recognition of Lenovo's efforts, with the company earning Platinum Recognition from EcoVadis, an AAA rating from MSCI ESG Ratings, and the Gold Award from the Hong Kong Institute of Certified Public Accountants (HKICPA) for Best Corporate Governance and ESG. Additionally, Lenovo was recently ranked #8 in Gartner's Top 25 Global Supply Chain, with an ESG Score of 9/10. These achievements underscore Lenovo's commitment to transparent, credible progress. Lenovo's social impact continues to scale globally. In 2024, it was again named a Best Workplace for People with Disabilities by Disability:IN in the United States, while expanding this recognition to the United Kingdom and Brazil through the global application of best practices. The company's commitment to community engagement was also evident during its annual Love on Month of Service, which saw a record-breaking 44% increase in people reached through volunteerism by Lenovo employees around the world. 'This year marks a significant milestone for Lenovo's ESG journey,' said Dave Carroll, Lenovo SVP, Chief Legal Officer and Corporate Responsibility Officer, who succeeded Laura Quatela in March 2025. 'With our first generation of key performance indicators nearing completion, we're proud of the progress we've made and are focused on building the foundation for our next chapter of ESG leadership.' In governance, Lenovo continues to reinforce its Smarter AI for All vision through a strengthened internal policy framework. In 2024, the company introduced a comprehensive AI governance policy aligned with commitments made to the Canadian Government, UNESCO, Cercle InterL, and most recently the European Commission. This follows the appointment of Doug Fisher who added Chief AI Officer to his Chief Security Officer role, further embedding responsible innovation across the business. Looking ahead, Lenovo remains committed to a collaborative and credible approach to ESG. Through partnerships with customers and suppliers —such as those engaged through the Lenovo 360 Circle —the company is advancing a shared vision for a more sustainable and inclusive future. To read the full Lenovo FY 2024/25 ESG Report, visit this website. About Lenovo Lenovo is a US$69 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. Visit 3BL Media to see more multimedia and stories from Lenovo
ME Construction
4 days ago
- Business
- ME Construction
EMSTEEL receives a provisional ESG rating of ‘AA' from MSCI
Sustainability EMSTEEL receives a provisional ESG rating of 'AA' from MSCI By The rating is a significant milestone and follows the announcement of EMSTEEL's Green Finance Framework in May 2025 EMSTEEL said it has received a provisional ESG rating of 'AA' from MSCI, said to be one of the highest among steel players globally. This recognition underscores EMSTEEL's performance in Environmental, Social, and Governance (ESG) issues, making it one of the few global steel and building materials manufacturers that excel in this regard, the firm said. MSCI's evaluation reinforces EMSTEEL's position as the industry player in managing key ESG risks and opportunities. The evaluation particularly highlights the group's innovative responsible practices in managing its environmental impact, which have led to significant reductions in carbon emissions. Additionally, EMSTEEL's well-being, health, and safety practices for its workforce have been enhanced, with almost all categories surpassing the global average, said a statement. MSCI ESG Ratings evaluates over 9,000 companies worldwide, assessing their exposure to industry-related material ESG risks and their management compared to their peers. The ratings range from leader (AAA, AA) to laggard (B, CCC), with the average rating being A, BBB, or BB. The score is said to reaffirm MSCI's global leadership in ESG ratings. Saeed Ghumran Al Remeithi, Group CEO of EMSTEEL said, 'Our inaugural 'AA' ESG rating by MSCI is a powerful testament to EMSTEEL's commitment to sustainable industrial leadership. It reflects the strength of our governance, the resilience of our people, and our deep-rooted responsibility to the environment and communities we serve. As we align with the UAE's Net Zero 2050 vision, this recognition strengthens our resolve to lead by example, delivering lasting value to our shareholders, society, and future generations.' The rating is a significant milestone and follows the announcement of EMSTEEL's Green Finance Framework in May 2025. The development of this framework was supported by key partners, including ING as the lead sustainability structuring bank and First Abu Dhabi Bank (FAB) as the sustainability structuring bank. ING also served as the ESG Rating Advisor for the MSCI ESG rating. The framework is said to be a cornerstone of EMSTEEL's broader ESG strategy. EMSTEEL's decarbonisation strategy is said to be driving industrial sustainability. The group aims to reduce emissions by 40% in its Steel Business Unit and 30% in its Cement Business Unit by 2030, using 2019 as the baseline year. This commitment is unwavering, and EMSTEEL is firmly committed to achieving Net Zero emissions by 2050. Key initiatives include enhancing energy efficiency, integrating renewable energy, and advancing green hydrogen innovation. These initiatives are all in alignment with the UAE's Net Zero 2050 agenda, the firm said. In 2023, EMSTEEL reported total Scope 1 and 2 emissions of 4.5m tonnes of CO₂, representing a 23% reduction from the 2019 baseline. This achievement earned the group global recognition for its sustainability leadership. EMSTEEL's efforts in decarbonising steel production were recognised by the World Steel Association, which named them the 2024 Steel Sustainability Champion. The World Economic Forum also recognised EMSTEEL's contributions to decarbonising the iron and steel industry, placing them among the top five steel companies worldwide that have received this recognition. In September 2024, EMSTEEL was appointed as Co-Chair of the Alliance for Industry Decarbonization (AFID), led by the International Renewable Energy Agency (IRENA), the statement concluded.
Yahoo
13-05-2025
- Business
- Yahoo
Tuya Upgraded to 'AA' ESG Rating by MSCI
SANTA CLARA, Calif., May 13, 2025 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that MSCI has upgraded its Environmental, Social, and Governance (ESG) rating to 'AA' from 'A'. This upgrade recognizes Tuya's efforts to build a more sustainable and responsible business and places Tuya among the ESG leaders in its sector. MSCI, a leading provider of research-driven indices and analytics, reviewed companies in the Software & Services industry as part of its latest ESG assessment. Tuya's improved rating reflects its strong performance in key areas including data privacy and security, governance enhancements, and contributions to energy efficiency through smart technology solutions. It also underscores Tuya's commitment to driving innovation-led, technology-enabled sustainability. "We're pleased to receive MSCI's recognition of our ESG progress." said Xueji (Jerry) Wang, Founder and CEO of Tuya. "Sustainability is part of how we operate and innovate every day. Looking ahead, we will continue to strengthen our ESG practices, aiming to deliver long-term value for our stakeholders and support global efforts towards a greener, more secure smart future powered by smart technology." MSCI ESG Ratings measure how effectively companies manage long-term ESG risks and opportunities relative to their peers. Ratings range from AAA (highest) to CCC (lowest), serving as a key benchmark for investors focused on sustainable and responsible business practices. About Tuya Inc. Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AIoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its AIoT developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness. Investor Relations Contact Tuya RelationsE-mail: ir@ The Blueshirt GroupGary Dvorchak, CFAPhone: +1 (323) 240-5796Email: gary@ HL StategyHaiyan LI-LABBEEmail: hl@ View original content: SOURCE Tuya Inc. Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
Lenovo Achieves AAA Score in MSCI ESG Ratings for Third Consecutive Year
The AAA rating represents the highest possible rating for corporations leading in ESG programs (on a scale of AAA-CCC). NORTHAMPTON, MA / / March 3, 2025 / For the third consecutive year, Lenovo's Environmental, Social and Governance Rating score was rated at AAA by MSCI, the international ratings agency. The AAA rating represents the highest possible rating for corporations leading in ESG programs (on a scale of AAA-CCC). MSCI ESG Research provides in-depth research, ratings, and analysis of the environmental, social, and governance-related business practices of thousands of companies worldwide. Its research is designed to provide critical insights that can help institutional investors identify risks and opportunities that traditional investment research may overlook. MSCI ESG Ratings are also used to construct the MSCI ESG Indexes, produced by MSCI, Inc. For more information, click here. In alignment with MSCI's methodology, these ratings demonstrate Lenovo's ESG strengths relative to the China information technology industry. MSCI is an index used by many financial decision-makers around the world. In addition to a AAA rating on MSCI's ESG index, Lenovo was recently awarded a Platinum Medal from EcoVadis, placing it in the top 1% of ESG performance for companies evaluated by EcoVadis around the globe. Learn more about Lenovo's environmental, social impact and governance initiatives in Lenovo's latest ESG Report. Disclaimer: THE USE BY Lenovo OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES ("MSCI") DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF Lenovo BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI. About LenovoLenovo is a US$57 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world's largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo's continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit and read about the latest news via our StoryHub. View additional multimedia and more ESG storytelling from Lenovo on Contact Info:Spokesperson: LenovoWebsite: info@ SOURCE: Lenovo View the original press release on ACCESS Newswire
Ammon
29-01-2025
- Business
- Ammon
Zain Group's MSCI rating for ESG upgraded to ‘BBB'
Ammon News - •Vice-Chairman & Group CEO, Bader Al-Kharafi, 'This upgrade reaffirms Zain's commitment to sustainability, corporate governance and ethical leadership, that is value creative for all stakeholders.' •Enhanced governance frameworks; evolving sustainability programs, implementation of stronger environmental policies and reducing carbon emissions; advancements in transparency and reporting; improving data protection and privacy policies, all contributed to upgrade from BB to BBB •In the environmental pillar Zain scored 10/10 – a best-in-class recognition Zain Group, a leading provider of innovative technologies and digital lifestyle and ICT communications operating in eight markets across the Middle East and Africa, announces a significant improvement in its Morgan Stanley Capital International (MSCI) rating in ESG (Environmental, Social, and Governance), which was upgraded from 'BB' to 'BBB' as of December 2024. The renowned MSCI ESG Ratings methodology evaluates companies on their management of material ESG risks and opportunities including climate change, human capital, and corporate governance, with a focus on policies, performance metrics, and controversies. Ratings are industry-relative and range from 'AAA' to 'CCC,' with scores determined by a company's exposure to ESG risks and the effectiveness of its management strategies. MSCI's upgrade for Zain from BB to BBB reflected the company's ethical leadership that oversaw the implementation of enhanced governance frameworks; evolving sustainability programs; stronger environmental policies and reducing carbon emissions; advancements in transparency and reporting; improving data protection and privacy policies. Notably, in the environmental pillar Zain scored 10/10 – a best-in-class recognition. Zain Vice-Chairman and Group CEO, Bader Al-Kharafi commented, 'This ESG upgrade reaffirms Zain's commitment to sustainability, corporate governance, and ethical leadership, that is value creative for all stakeholders. It also marks an important milestone for the company as we continue to align with global industry standards and strive for further improvements in our ESG performance in line with our recently announced '4WARD'-Progress with Purpose five-year sustainable corporate strategy.' 'Zain operates within a complex geopolitical context and we will continue to invest in ESG initiatives and focus on mitigating risks through the integration of advanced technologies. We are relentless in our ongoing efforts to engage and collaborate with regulators, shareholders, and the wider community, to drive sound sustainable and corporate governance practices.' 'As a leading entity listed on the Boursa Kuwait Premier Market, sound ESG practices are becoming an increasingly important differentiator for organizations with respect to giving all stakeholders confidence that the company is being run in a sustainable, compliant and transparent manner. This MSCI upgrade to BBB reaffirms Zain's Investor Relations and Corporate Governance Framework as it helps Zain mitigate risks and facilitates an effective Board oversight over the company's executive management by promoting strong internal controls to improve integrity of financials and establishing a culture of compliance.' Al-Kharafi concluded, 'This framework is a cornerstone of the company's regional appeal, and has won the confidence and admiration from shareholders, the banking community, industry analysts, regulatory authorities and other globally recognized indices, attracting global investors.' Zain is one of the most active organizations in the region with respect to delivering meaningful connectivity that leads to equitable systemic change through its ESG initiatives, with the company playing a crucial role in empowering the markets in which it operates to reap the benefits of digital transformation for the benefit of the communities it serves and beyond.
