Nokia takes ESG strategy Take your impact to the next level
- Nokia unveils new enhanced ESG strategy designed to maximize Nokia’s impact. This strategy combines Nokia’s technologies, solutions and capabilities to address some of the biggest global challenges and create value.
- The strategy is based on five strategic focus areas: the environment, industrial digitization, security and privacy, bridging the digital divide, and responsible business.
- This strategy aligns with topics important to Nokia and its stakeholders and is embedded in its business and technology strategy.
October 31, 2022
Espoo, Finland – Nokia today Strengthened environment, Social and Governance (ESG) Strategy, Integrated ofbusiness and technology strategy Focused on areas where we can have the greatest impact.
Sustainability is at the core of Nokia’s purpose to create technology that helps the world act together. Building on years of strong sustainability programs and practices, Nokia has spent the last 12 months developing his enhanced company-wide ESG strategy, enabling Nokia to develop technology and drive business decisions. We have made sure that sustainability is a fundamental part when making decisions.
Our ESG strategy is based on five strategic focus areas where Nokia seeks to differentiate and create tangible environmental and social benefits. Digitalization of Industry; Security and Privacy; Bridging the Digital Divide; and Responsible Business.
Within environment A focus area, Nokia aims to be a leader in energy efficiency based on silicon, software and systems, further leveraging opportunities to optimize the entire network through energy orchestration and green operations. Nokia is already committed to improving the energy efficiency of 5G-Advanced and 6G through early involvement in standardization and ecosystem development. On Circularity Nokia focuses on hardware circularity. This is both in the use of recycled materials in our products and in the remanufacturing and recycling of products once they have been removed from our customer network.
of Digitization of industry, Nokia delivers connectivity and digital solutions that sustainably transform physical industries, making them more sustainable, secure and productive. To achieve this, we focus on the ‘green digital’ proposition of our enterprise portfolio.
of security and P.Livesey, Nokia is working to ensure a common security baseline for its products and services, accelerating its security delivery. into the lifecycle. Nokia security experts work with customers to build and maintain secure networks that comply with national regulations for critical communications infrastructure, as well as assess the security resilience of networks against real-world attack scenarios and intrusions. increase.
Nokia is digital divide With a broad product portfolio, we maintain a focused strategy with off-terrestrial network operators and digital skill building solutions.
Nokia continues to take a proactive, values-based approach to driving responsible business We practice internally and in our value chain, work closely with our customers and suppliers to address systemic issues related to the environment, mitigate technology misuse (and advocate for responsible AI principles), promote ethics, We advocate for human rights and working conditions.
Nicole Robertson,vice president, ESG at nokiaSaid: “The boundaries between purpose and profit are blurring as companies seek to identify the best ESG strategies to have a measurable impact on social issues and drive value creation.”
Nokia’s enhanced ESG strategy leverages the strengths of its portfolio and Bell Labs’ portfolio to accelerate Nokia’s positive impact, create new value opportunities for its clients and provide sustainable value creation for its shareholders. Leveraging research, it was developed across the company.
At Nokia, we see a unique opportunity to address some of the world’s biggest challenges where connectivity and digitization play a key role. With this strategy, we aim to work with our customers and stakeholders to maximize impact.
Nokia ESG Strategy Hub
At Nokia, we develop technologies that help the world act together.
As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed, and cloud networks. We create value through intellectual property and long-term research led by award-winning Nokia Bell Labs.
By adhering to high standards of integrity and security, we help build the capabilities we need for a more productive, sustainable and inclusive world.