Lenovo s retail deal focuses on recycling in China
British retail chain operator Tesco Plc recently announced that it established a partnership with Lenovo Group to develop a green IT project in China.
Under the agreement signed between the two sides, Lenovo will collect Tesco s used IT products with environment-friendly standards, and outsource those products to its affiliated company for recycling process.
Environmental protection has been a major issue in Tesco s corporate social responsibility policy. The company aims to cut carbon dioxide emissions at its stores by 50% by 2020.
In China, Tesco currently runs 81 hypermarkets and plans to open 23 stores in fiscal year 2010.
Financial terms of this deal were not revealed.
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