Riyadh - Sharikat Mubasher: The Regional Voluntary Carbon Market Company (VCM), backed by the Public Investment Fund (PIF), announced its strategic partnership with Lenovo and ClimeCo to enable sustainable industrial operations for Lenovo’s expanding manufacturing presence in Saudi Arabia.
Leveraging VCM’s carbon market expertise and ClimeCo’s industry-leading decarbonization capabilities, Lenovo will address its operational emissions through carbon credits, helping advance verified, high-integrity carbon projects within the Kingdom, according to the official statement.
As Lenovo establishes one of its largest global manufacturing operations in the Kingdom, the partnership will ensure that the company’s industrial growth is supported by a structured emissions management and offset strategy.
VCM will provide market infrastructure and advisory support to structure and facilitate the carbon credit strategy, ensuring alignment with international standards and best practices. Meanwhile, ClimeCo will work with Lenovo to enable a comprehensive, transparent, and credible approach to their industrial sustainability.
Commenting on the partnership, Fadi Saadeh, CEO at VCM, said: “As Lenovo establishes one of its largest global manufacturing operations in the Kingdom, we are proud to enable a carbon strategy that embeds sustainability at the core of this expansion. Importantly, this collaboration reinforces the accelerating development of high-integrity carbon credit projects within Saudi Arabia. We are seeing tangible market demand for credits generated in the Kingdom, projects that deliver measurable emissions management while creating local environmental and economic value.”
For his part, Saeed Basweidan, Director of Services and Solution Group at Lenovo Saudi Arabia, affirmed that the partnership reinforces the company’s commitment to a more sustainable future for all by helping the industry expand more responsibly, while contributing to Saudi Arabia’s broader economic transformation and environmental ambitions.
Moreover, the agreement reinforces VCM’s role as the Kingdom’s national voluntary carbon market platform, enabling global and domestic companies to align industrial growth with credible carbon market participation and sustainable impact.