Lenovo Included in Bloomberg MSCI Green Bond Index for the First Time
November 16, 2022 /3BL Media/ - Lenovo Group (HKSE: 992) (ADR: LNVGY) is pleased to report that its green bond has been included in the Bloomberg MSCI Green Bond Index, one of the most important global benchmarks for institutional Environmental, Social, Governance (ESG) funds.
Bloomberg MSCI Green Bond Indices offer investors objective and robust measure of the global market for fixed income securities issued to fund projects with direct environmental benefits. The index inclusion is evaluated by an independent research-driven methodology and criteria, and the securities must be rated investment grade. Currently, Lenovo’s green bond is rated “Baa2” by Moody’s Investors Service, Inc., “BBB-“ by Standard & Poor’s Ratings Services and “BBB” by Fitch Ratings Ltd.
“We are pleased to be included in the Bloomberg MSCI Green Bond Index, which marks an important recognition of Lenovo’s ESG commitment, as well as helping to further enhance liquidity of our green bond in the fixed income market,” said Wong Wai Ming, Chief Financial Officer of Lenovo.
In addition to the Bloomberg MSCI Green Bond Index, the company’s green bond has also been included in the S&P Green Bond Index since September 1.
The inclusions follow the successful completion of Lenovo’s inaugural offering of US$625 million green bond as part of a US$1.25 billion dual-tranche Rule 144A / Regulation S bond offering in July this year. The largest debut technology sector ESG bond globally so far in 2022[1], the debut green bond offering marks an important milestone in Lenovo’s ESG journey and supports its vision to achieve Net-Zero by 2050.
Lenovo has recently been included in the 2022 Hang Seng Corporate Sustainability Index with the best score in the IT industry, receiving an AA+ rating for the second year in a row.
The company published its FY2021/22 Environmental, Social and Governance Report in August 2022.
[1] Source: Dealogic, Asia excluding Japan, jumbo deals in excess of US$1bn (equivalent).
About Lenovo
Lenovo (HKSE: 992) (ADR: LNVGY) is a US$70 billion revenue global technology powerhouse, ranked #171 in the Fortune Global 500, employing 75,000 people around the world, 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 by further expanding into key growth areas including server, storage, mobile, solutions and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and sustainable digital society for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
