Nokia Takes ESG Strategy to Next Level of Impact

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by KnowESG,

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Nokia 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. Nokia has spent the last year developing a company-wide ESG strategy to make sure that sustainability is a key part of how it develops technology and makes business decisions. This builds on years of strong sustainability programmes and practices.

The ESG strategy is based on five strategic areas where Nokia wants to stand out and make a difference in the environment and society: Environment, with a focus on both climate and circularity; Industrial Digitalisation; Security and 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 optimise across the network with energy orchestration and green operations. Nokia is already working to make 5G-Advanced and 6G use less energy by getting involved early in setting standards and building ecosystems. In terms of circularity, Nokia focuses on hardware circularity, both in using recycled material in its own products and the refurbishment and recycling of products when removed from customers' networks.

In Industrial Digitalisation, Nokia uses connectivity and digital solutions to make physical industries safer, more productive, and more environmentally friendly. The company focuses on the ‘Green Digital’ proposition in our Enterprise portfolio to achieve this.

In Security and Privacy, Nokia is working to ensure a common security baseline for products and services and accelerating its security offering. Here, product development follows the ‘Design for Security’ methodology, building security into the life cycle from the very start. Nokia’s security experts partner with our customers to not only develop and maintain secure networks compliant with national regulations for critical telecom infrastructure but also assess the security resilience of networks against real attack scenarios and incursions.

Nokia aims to bridge the Digital Divide with its broad product portfolio, maintaining focused strategies with non-terrestrial network operators and digital skills-building solutions.

Nokia will continue to take a proactive and values-driven approach in driving responsible business practices internally and in its value chain, working closely with customers and suppliers to engage on systemic issues related to the environment, mitigating the misuse of technology (and advocating for responsible AI principles), ethics, human rights, and working conditions.

Nicole Robertson, VP, ESG at Nokia, said: 

“The line between purpose and profit is dissolving and companies are looking to identify the best ESG strategies to deliver measurable impact to societal challenges and drive value creation.“

Nokia’s enhanced ESG strategy has been developed across the company leveraging its portfolio strengths, as well as Bell Labs’ research to accelerate Nokia’s positive impact, create new value opportunities for its customers, and deliver sustainable value creation for shareholders.

Source: Nokia

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