Chinese-US multinational technology company Lenovo has announced plans to further invest in research and development (R&D) and achieve net-zero emissions.
Lenovo is to hire 12,000 R&D professionals around the world over the next three years as the company looks to double investments in this area.
Go deeper with GlobalData
The newly announced roles will focus on new product and business model innovation, incubating technologies from edge computing to technology that will help businesses to capitalise on opportunities presented by the metaverse, and emerging and disruptive innovation such as next-generation AI and heterogeneous computing.
“Our intention is to optimise between technology with quick market returns and foundational research, and continuous improvement and breakthrough innovation,” said Lenovo’s CEO, Yuanqing Yang, during the company’s traditional annual ‘kick-off’ event.
Apart from the R&D commitments, Yang has also outlined his vision for Lenovo becoming net zero by 2050. This would be in line with embracing environmental, social and governance (ESG) commitments.
See Also:
The company says that it has been reporting on its ESG commitments for the past 14 years, including outlining its work and goals around climate change mitigation, the circular economy and sustainable materials. Lenovo has also established science-based targets for 2030 and claims to have exceeded its 2020 emission-reduction goals a year ahead of schedule.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
