Press Release
Nokia takes ESG strategy to next level of impact
- Nokia broadcasts a brand new enhanced ESG strategy designed to maximize Nokia’s impact the place its know-how, options and capabilities mix to handle some of the most important world challenges and create worth.
- The strategy builds on 5 strategic focus areas: Environment, Industrial Digitalization, Security & Privacy, Bridging the Digital Divide, and Responsible Business.
- The strategy is aligned with the subjects which are materials to Nokia and its stakeholders and embedded into its business and know-how methods.
31 October 2022
Espoo, Finland – Nokia has at this time introduced an enhanced Environmental, Social and Governance (ESG) strategy, built-in into its business and know-how methods and centered on the areas the place it may possibly make the best impact.
Sustainability is core to Nokia’s function of creating know-how that helps the world act collectively. Building on years of strong sustainability packages and practices, Nokia has spent the previous 12 months growing an enhanced company-wide ESG strategy to make sure that sustainability is a basic half of how Nokia develops know-how and makes business choices.
The ESG strategy builds on 5 strategic focus areas the place Nokia seems to differentiate and create tangible environmental and social advantages: Environment – specializing in each local weather and circularity; Industrial Digitalization; Security & Privacy; Bridging the Digital Divide; and Responsible Business.
Within the Environment focus space, Nokia goals to be the chief in vitality effectivity constructing on its silicon, software program, and programs, and additional leveraging alternatives to optimize throughout the community with vitality orchestration and inexperienced operations. Nokia is already working to enhance vitality effectivity in 5G-Advanced and 6G by way of early engagement in standardization and ecosystem improvement. In circularity Nokia focuses on {hardware} circularity, each within the use of recycled materials in its personal merchandise and the refurbishment and recycling of merchandise when faraway from clients networks.
In Industrial Digitalization, Nokia gives connectivity and digital options that sustainably remodel bodily industries, making them extra sustainable, protected and productive. To obtain this, we deal with the ‘Green Digital’ proposition in our Enterprise portfolio.
In Security and Privacy, Nokia is working to guarantee a standard safety baseline for services and accelerating its safety providing. Here, product improvement follows the ‘Design for Security’ methodology, constructing safety into the life cycle from the very begin. Nokia’s safety specialists companion with our clients to not solely construct and keep safe networks, compliant with nationwide laws for vital telecom infrastructure but additionally assess the safety resilience of networks in opposition to actual assault situations and incursions.
Nokia goals to bridge the Digital Divide with its broad product portfolio, sustaining centered methods with non-terrestrial community operators and digital expertise constructing options.
Nokia will proceed to take a proactive and values-driven method in driving accountable business practices internally and in its worth chain, working intently with clients and suppliers to interact on systemic points associated to atmosphere, mitigating the misuse of know-how (and advocating for accountable AI rules), ethics, human rights, and dealing circumstances.
Nicole Robertson, VP, ESG at Nokia, stated: “The line between function and revenue is dissolving and firms are trying to determine the perfect ESG methods to ship measurable impact to societal challenges and drive worth creation.“
Nokia’s enhanced ESG strategy has been developed throughout the corporate leveraging its portfolio strengths, in addition to Bell Labs’ analysis to speed up Nokia’s optimistic impact, create new worth alternatives for its clients, and ship sustainable worth creation for shareholders.
At Nokia we consider now we have a novel alternative to handle some of the world’s greatest challenges the place connectivity and digitalization will play a vital position. With this strategy we glance to maximize our impact, working along with our clients and stakeholders.
Resources:
Nokia Sustainability
Nokia ESG Strategy Hub
About Nokia
At Nokia, we create know-how that helps the world act collectively.
As a trusted companion for vital networks, we’re dedicated to innovation and know-how management throughout cell, fastened and cloud networks. We create worth with mental property and long-term analysis, led by the award-winning Nokia Bell Labs.
Adhering to excessive requirements of integrity and safety, we assist construct the capabilities wanted for a extra productive, sustainable, and inclusive world.
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Nokia
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Email: [email protected]
