Press Release
Nokia’s People and Planet 2023 report underlines the importance of digital in creating a more sustainable future
7 March 2024
Espoo, 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
Industrial digitalization
Security and privacy
Bridging the digital divide
Responsible business
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 report
Website: 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 Enquiries
Nokia Corporate Communications
Email: press.services@nokia.com
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