Nokia takes ESG strategy to next level of impact

Press Release

Nokia takes ESG strategy to next level of impact

• Nokia announces a new enhanced ESG strategy designed to maximize Nokia’s impact where its technology, solutions and capabilities combine to address some of the biggest global challenges and create value.
• The strategy builds on five strategic focus areas: Environment, Industrial Digitalization, Security & Privacy, Bridging the Digital Divide, and Responsible Business.
• The strategy is aligned with the topics that are material to Nokia and its stakeholders and embedded into its business and technology strategies.

31 October 2022

Espoo, Finland – Nokia has today announced an enhanced Environmental, Social and Governance (ESG) strategy, integrated into its business and technology strategies and focused on the areas where it can make the greatest impact.

Sustainability is core to Nokia’s purpose of creating technology that helps the world act together. Building on years of robust sustainability programs and practices, Nokia has spent the past 12 months developing an enhanced company-wide ESG strategy to ensure that sustainability is a fundamental part of how Nokia develops technology and makes business decisions.

The ESG strategy builds on five strategic focus areas where Nokia looks to differentiate and create tangible environmental and social benefits: Environment – focusing on both climate and circularity; Industrial Digitalization; Security & Privacy; Bridging the Digital Divide; and Responsible Business.

Within the Environment focus area, Nokia aims to be the leader in energy efficiency building on its silicon, software, and systems, and further leveraging opportunities to optimize across the network with energy orchestration and green operations. Nokia is already working to improve energy efficiency in 5G-Advanced and 6G through early engagement in standardization and ecosystem development. In circularity Nokia focuses on hardware circularity, both in the use of recycled material in its…