Thats hardly untenable. Most computers draw a lot more watts where you wouldn't miss 1.2W imo. Even these "low watt" computers are drawing like 5-7 watts at idle and once you do anything on them its a lot more than that.
Also, on modern laptops you can't trust that components will be powered off when you close the lid, because Microsoft and Intel have been at war with ACPI S3 suspend for years now. So that 1.2W could easily be the minimum power draw of the SSD any time you haven't hibernated or shut down the system.
https://www.tomsguide.com/news/macbook-pro-m3-and-m3-max-bat...
Maybe yours is a lemon and/or should be replaced?
[0] https://www.notebookcheck.net/Lenovo-ThinkPad-T14s-G3-AMD-la... [1] https://docs.kernel.org/admin-guide/pm/amd-pstate.html