Sustainability issues have fuelled an upgrade of Nokia’s Environmental, Social and Governance (ESG) strategy.
Sustainability will play a central role in the company’s operations and new technology products with a new Environmental, Social and Governance (ESG) strategy integrated into its business and technology strategies and focused on areas where it can make the greatest impact.
Nokia has spent the past 12 months developing an enhanced company-wide ESG strategy to ensure that sustainability is a fundamental part of how the company 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 Digitalisation; 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 optimise 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 standardisation and ecosystem development. In circularity Nokia focuses on hardware circularity, both in the use of recycled material in its own products and the refurbishment and recycling of products when removed from customers networks.
In Industrial Digitalisation, Nokia provides connectivity and digital solutions that sustainably transform physical industries, making them more sustainable, safe and productive. To achieve this, the company focus on the ‘Green Digital’ proposition in our Enterprise portfolio.
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 build 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 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.”
