Nokia’s People and Planet 2023 report underlines the importance of digital in creating a more sustainable future
March 07 2024 - 3:00AM
Nokia’s People and Planet 2023 report underlines the importance of
digital in creating a more sustainable future
Press ReleaseNokia’s People and Planet 2023 report underlines
the importance of digital in creating a more sustainable future
- Progress made provides a solid foundation as Nokia continues to
develop ESG into a competitive advantage.
- Nokia’s People and Planet 2023 report charts a year of
achievements and challenges on the journey to net zero and
continued progress in its sustainability strategy.
- Nokia is intent on maximizing its handprint – the enablement
effect of the technology solutions it provides - while also
collaborating throughout its value chain to continually minimize
its footprint.
7 March 2024Espoo, Finland – Nokia today
announced its 2023 sustainability report outlining its performance
relating to the company’s sustainability strategy. The strategy
consists of five focus areas: Environment, Industrial
Digitalization, Security and Privacy, Bridging the Digital Divide,
and Responsible Business. Nokia’s sustainability approach aims to
maximize impact in the areas most material to the company and its
stakeholders and is integral to the technology and business
decisions it takes.
Subho Mukherjee, VP, Global Head of Sustainability at
Nokia, said: “We believe that digitalization, powered by
enhanced connectivity, will play an increasingly significant role
in helping industries and economies decarbonize while enabling a
more inclusive society. Nokia’s role in maximizing the handprint of
our technology to connect the underserved, secure critical networks
and decarbonize industries, while minimizing our footprint through
product energy efficiency, circularity, de-risking technology
misuse as well as building a sustainable supply chain are detailed
in the People & Planet report 2023. The progress, including
learnings from challenges, provide a solid foundation as Nokia
continues to develop ESG into a competitive advantage with its
customers and stakeholders.”
Nokia’s sustainability achievements in 2023 included:
Environment
- Reduced total greenhouse gas emissions across Scope 1,2 and 3
by 11% from 2022.
- Achieved 2023 AirScale 5G massive MIMO BTS target with a 50%
reduction in power consumption compared to 2019. This is enabled by
continuous improvements in software functionalities, and new 5G
products based on the latest generation of Nokia ReefShark
SoCs.
- Achieved 2023 renewable energy target with 75% of purchased
electricity across Nokia’s global facilities coming from renewable
sources.
- Achieved a 54% decrease in logistics emissions compared to
2019. Nokia continues to work with innovative solutions such as
sustainable aviation fuel.
Industrial digitalization
- Recognized as the market leader in private wireless--which
helps industrials accelerate their own digital transformation--with
over 710 customers globally.
- Secured more than 120 new customers in 2023, helping
industrials accelerate their digital transformation to create more
efficient processes and empower workers for high-quality
output.
Security and privacy
- Conducted security training program which included annual
mandatory training, quarterly awareness campaigns, monthly phishing
simulations, and expanded initiatives to safeguard key data such as
Nokia’s Zero-Trust and Critical Information Protection Program and
Nokia’s dedicated Application Security Program.
- Developed and maintained an actionable Cyber Resilience service
which includes investments in Nokia’s Cyber Defense Center and its
Computer Emergency Response team.
Bridging the digital divide
- Reached 691 534 direct beneficiaries, including 130 832 added
in 2023 through social digitalization projects, building digital
skills, connecting the unconnected or underserved, and improving
inclusion, equity and diversity.
- First telecommunications equipment vendor to announce the
fiberoptic broadband network electronic products and optical
modules in the US for use in the Broadband Equity, Access and
Deployment (BEAD) program.
- Supported digital centers in 350 villages across India. Nokia’s
multi-year Smartpur digital village ecosystem program empowers
local entrepreneurs by providing them with facilities to make
digital services accessible in rural villages. The number of direct
beneficiaries reached in 2023 is estimated to be 119 795.
Responsible business
- Recognized for the eighth time by Ethisphere as one of the
World’s Most Ethical Companies®.
- Completed second independent assessment for the Global Network
Initiative. The assessors highlighted Nokia’s strong human rights
culture, and robust Human Rights Due Diligence process.
- Achieved a ranking of A- from CDP for work on climate change
and recognized as a supplier engagement leader by CDP’s Supplier
Engagement Rating program.
- Announced Sustainable Finance Framework. This framework
reinforces Nokia’s commitment to sustainable growth by ensuring its
financing strategy supports the company’s ESG strategy.
In early 2024, Nokia committed to net-zero greenhouse gas
emissions across its value chain (scopes 1, 2 and 3) by 2040. Nokia
also committed to accelerate its existing interim 2030 target to
reduce GHG emissions across its own operations (scopes 1 and 2),
reaching an 83% reduction by 2030 from a 2019 baseline. To ensure
the targets are aligned with climate science, Nokia submitted its
net-zero letter of commitment to the Science Based Targets
initiative (SBTi) in February 2024.
Nokia’s People and Planet sustainability report is published
annually. The scope of the 2023 sustainability report covers Nokia
Group. The report is prepared in accordance with the GRI Standards.
As part of its reporting, Nokia also recognizes other
sustainability-reporting frameworks, such as SASB Standards and the
UN Global Compact. The selected key sustainability indicators have
been assured by Nokia’s independent auditor, Deloitte.
Resources and additional information
Website: People and Planet 2023 reportWebsite:
Sustainability
About Nokia
At
Nokia, we create technology that helps the world act together.
As a B2B technology innovation leader, we are pioneering
networks that sense, think and act by leveraging our work across
mobile, fixed and cloud networks. In addition, we create value with
intellectual property and long-term research, led by the
award-winning Nokia Bell Labs.
Service providers, enterprises and partners worldwide trust
Nokia to deliver secure, reliable and sustainable networks today –
and work with us to create the digital services and applications of
the future.
Media EnquiriesNokia Corporate
CommunicationsEmail: press.services@nokia.com
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