Lenovo Sustainability
Ethical Business
Our Approach
As a truly sustainable company, Lenovo is committed to the highest standards of integrity and responsibility. To ensure that we adhere to international and local best practices, we have a clearly defined corporate governance structure. Regularly reviewed, it includes our:
- Corporate governance
- Business practices
- Privacy Program
For more information, including our risk management and internal control procedures, please see our Annual Report.
Corporate Governance
At the core of our governance structure is an effective board of directors (known as the “Board”). Led by the Chairman, and with the support of senior management, its primary goal is to attain and uphold sound, well-established corporate governance practices.
Currently, the Board has 11 members: one executive director, two non-executive directors, and eight independent nonexecutive directors. You can view their biographies in our Annual Report.
To ensure that the Board has an appropriate balance of skill, experience, knowledge, and independence, we have a Board Diversity Policy. Click here to read it.
In addition, to enhance the effectiveness of the Board, there are three Board Committees — the Audit Committee, the Compensation Committee, and the Nomination and Governance Committee.
Board Responsibilities
There is a coherent framework with clearly defined responsibilities and accountabilities for the Board. The Board is designed to safeguard and enhance long-term shareholder value and provide a robust strategic platform for continued growth of Lenovo.
There is also a formal schedule of matters reserved for the Board and for management. The schedule states what matters must be approved by the Board before the management can make decisions or enter into any commitments on behalf of the company.
Sustainability is handled at the Board and executive level, led by Vice President, Deputy General Counsel and Chief Corporate Responsibility Officer. The two meet regularly to discuss and approve sustainability policies, initiatives, and performance, as well as the annual Sustainability Report. Click here to view the latest report.
Shareholders & Other Stakeholders
As well as safeguarding our shareholders’ interests, we believe that effective communication with shareholders and stakeholders is essential, as it helps to provide a better understanding of our business performance and strategies, while improving investor relations (IR).
The IR team helps to encourage open, transparent, efficient, and consistent communications with shareholders, investors, and equity analysts. For the latest IR results, announcements, press releases, and webcasts, click here.
Business Conduct
Our Ethics and Compliance Office promotes the highest ethical standards of business conduct and legal compliance. It also oversees the organization’s ethics and compliance program and works in partnership with the business units across the globe to ensure they operate within legal and ethical obligations.
The Ethics and Compliance Office plays a critical role in providing employees with the guidance, resources, and information they need to make informed and appropriate decisions. It’s also responsible for the Lenovo Code of Conduct, which set our clear expectations and guidelines for every employee.
The Code covers many areas of ethical, responsible business practices, such as:
- Anti-bribery and anti-corruption, including a policy thatreinforces provisions in the Code and provides additional specific guidance regarding bribery and corruption.
- Anti-Competitive Practices and Fair Competition, including why employees cannot enterinto an agreement or discussion to set prices, limit the availability of goods or services on the market, or boycott a customer or supplier.
- Intellectual Property, including the company policy for employees to avoid any infringement of copyright or other intellectual property rights of other companies and individuals.
- To ensure that our ethical business standards, policies, and practices are being met, our internal audit team conducts about 40-45 advisory projects each year.
For more information on our Code of Conduct, click here.
Questions, Public Policy, & Tax
Privacy Program
Lenovo recognizes the great importance of privacy to individuals everywhere – customers, website visitors, product users, employees...everyone. The responsible use and protection of personal and other information under the Company’s care is a core value. To ensure adherence to Lenovo privacy policies, principles and processes, the Company maintains a global Privacy Program led by the Legal Department and a cross-functional Privacy Working Group comprised of key partners drawn from Information Security, Product Security, Product Development, Marketing, E-Commerce, Service and Repair, Human Resources, and other groups.
Key projects of the Privacy Program include:
- Engagement with Lenovo’s business teams on privacy due diligence and application of key privacy principles
- Development and governance of internal and external privacy policies
- Hold pre-launch privacy review processes for products, software, websites, marketing programs, internal applications, and vendor relationships
- Host employee privacy awareness and training initiatives
- Support for contracts
- Tracking and application of legal requirements and industry best practices
- Audit and assessment
- Incident response planning and processes
Questions or concerns about Lenovo’s privacy policies and programs can be addressed to privacy@lenovo.com. For more information, including our website and product privacy statements, click here.
