RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Oct. 9, 2013-- Lenovo (HKSE:0992) (PINK SHEETS:LNVGY) today announced that it has been selected for inclusion in the very first United Nations Global Compact 100 (GC 100) a new global stock index that combines corporate sustainability and baseline financial performance. The GC 100 marries corporate performance on environmental and social issues with a requirement of basic profitability. Lenovo has reported sales and profit gains for 15 consecutive quarters to become the world's leading PC manufacturer.
Developed and released by the UN Global Compact in partnership with research firm Sustainalytics, the GC 100 is composed of a representative group of Global Compact signatory companies selected based on their adherence to the Global Compact's ten principles as well as evidence of executive leadership commitment and consistent baseline profitability.
The GC 100 tracked the stock market performance of these companies during the past three years, comparing the results against a broad market benchmark, the FTSE™ All World. The data for total returns is as follows:
- GC 100 rose 26.4% during past 1 year; FTSE™ All World rose 22.1%
- GC 100 rose 19.0% during past 2 years; FTSE™ All World rose 17.7%
- GC 100 rose 12.0% during past 3 years; FTSE™ All World rose 12.0%
“We are thrilled that our commitment to sustainable business practices and delivering strong financial performance is being recognized by this prestigious international organization,” said Yang Yuanqing, Chairman and CEO, Lenovo. “The GC 100 further validates a fundamental belief that has guided Lenovo performance for years: that responsible business practices and stock-market returns go hand-in-hand.”
As a global company, Lenovo is committed to being a responsible and active corporate citizen, consistently working to improve its business while contributing to the betterment of the local communities in which it operates, its employees, the environment and society overall. Lenovo embraces corporate responsibility in many ways, including:
- Product quality and safety: Lenovo is focused on the safety of our products throughout their entire life cycle, from manufacturing, transportation and installation to use, service and recycling or disposal.
- Safe and healthy workplaces: Lenovo prides itself on creating a world-class experience for its employees at facilities worldwide ”” from its headquarters and sales offices to its R&D labs to the manufacturing floor.
- The highest ethical standards: Lenovo is committed to the highest standards of integrity and responsibility, including respecting and protecting intellectual property.
- Concern for the environment: Lenovo is committed to environmental responsibility in all aspects of its business, from product design and supplier selection to manufacturing, facilities management, transportation and logistics, as well as product life cycle management, including recycling and reuse.
- Donating time and resources to philanthropy: Lenovo has committed up to one percent of its pre-tax income to programs and initiatives that serve society to address issues in areas of greatest need, no matter where those areas are or what the issues happen to be.
In addition to Lenovo, China-based constituents featured in the GC 100 include Baoshan Iron & Steel Co., Ltd. and China Vanke Co. Ltd.
For more information on the UN Global Compact 100 stock index, including the list of constituent companies, please see: http://unglobalcompact.org/news/421-09-18-2013.
Lenovo (HKSE:0992) (PINK SHEETS:LNVGY) is a US$34 billion personal technology company the largest PC maker in the world and an emerging PC Plus leader serving customers in more than 160 countries. Dedicated to 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, a global Fortune 500 company, has major research centers in Yamato, Japan; Beijing, Shanghai and Shenzhen, China; and Raleigh, North Carolina. For more information see www.lenovo.com.
About the UN Global Compact
Launched in 2000, the United Nations Global Compact is both a policy platform and a practical framework for companies that are committed to sustainability and responsible business practices. As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyze actions in support of broader UN goals. With 8,000 corporate signatories in 145 countries, it is the world's largest voluntary corporate sustainability initiative. www.unglobalcompact.org
Sustainalytics is an award-winning, independent provider of environmental, social and governance (ESG) research and analysis, and responsible investment services. With more than 20 years of experience, Sustainalytics offers a variety of solutions to investors implementing socially responsible and responsible investment strategies. The firm has more than 120 staff members, including more than 70 analysts with a variety of multidisciplinary and industry expertise. In 2012, Sustainalytics was voted Best RI Analysis firm by Thomson Reuters Extel Awards. www.sustainalytics.com
Kristy Fair, 919-257-6329