Climate Change Data

Environmental Metrics

ESG Focus Areas

• Digital Inclusion
• Human Resources
• Supplier Relations
• Environment
• Philanthropy

Environmental Achievements

• Reduced annual consumption of electricity and natural gas by 35% in North America from 2003-2006.
• Reduced GHG emissions by more than 650,000 metric tons since 1993.
• Recycled 560.1 metric tons of lead-acid batteries, yielding 392.1 metric tons of reusable lead.

Social Achievements

• Launched a global performance management program in 2005, with 86% of managers and professionals having targets set in 2006.
• Alcatel employees averaged 28 hours of training in 2006 (up from 25 in 2005).
• Partnership with AIESEC resulted in 53 internships in 2006.
• Launched the “Women in Leadership” initiative in 2005, with 7 women (30%) on the 23-member leadership team in 2006.

Governance Achievements

• Separation of Chairman of the Board and CEO positions.
• Established four committees: Audit and Finance, Corporate Governance and Nominating, Compensation, and Strategy and Investments.
• 11 of 14 Board members are independent.

Climate Goals & Targets

Environmental Challenges

• Merger integration challenges.
• Workforce reduction of approximately 12,500 positions over three years.
• Compliance with WEEE and RoHS directives.

Mitigation Strategies

• Established steering committees, integration teams, and work groups to manage the merger.
• Managed workforce reduction with care, in accordance with local regulations.
• Implemented comprehensive corporate programs and procedures to ensure compliance with WEEE and RoHS directives.

Supply Chain Management

Supplier Audits: 9 audits in 2005, 3 in 2006

Responsible Procurement

• Mandatory CSR clause in all purchasing contracts.
• CSR questionnaires and on-site audits.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: Ernst & Young

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Take-back and Recycling
• Supplier Responsibility
• Employee Wellbeing
• Youth Development
• Accessibility
• Diversity & Inclusion

Environmental Achievements

• Reduced facilities’ CO2 emissions by 12 percent compared to 2006 levels.
• Reached energy savings target set for 2012.
• Reduced average no-load energy consumption of chargers by more than 80 percent over the last decade.
• Increased purchases of electricity from renewable sources (though availability was limited).

Social Achievements

• Launched Nokia Money and Nokia Life Tools services aimed at improving livelihoods in emerging markets.
• Ovi Mail provided email access to millions in developing countries.
• 88% employee participation in annual employee survey.
• Less than 25% of employee reductions in 2009 were involuntary.

Governance Achievements

• Revised Code of Conduct in January 2009, covering environmental and privacy issues.
• 85% of employees completed Code of Conduct training by year-end.
• Board of Directors reviewed sustainability topics in their meetings.

Climate Goals & Targets

Environmental Challenges

• Global recession and changes in the mobile industry.
• Limited availability of renewable electricity in key manufacturing countries.
• Lack of consumer awareness regarding phone recycling.

Mitigation Strategies

• Voluntary measures to reduce personnel-related costs.
• Energy efficiency projects in factories and offices.
• Take-back and recycling campaigns in various regions with incentives.
• Increased use of video conferencing to reduce air travel.

Supply Chain Management

Supplier Audits: 58 system assessments and 5 in-depth assessments in 2009.

Responsible Procurement

• Nokia Supplier Requirements (NSR), including environmental and social requirements based on international standards.
• Supplier self-assessments using E-TASC.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services; ICT's role in reducing overall energy consumption.

Reporting Standards

Frameworks Used: GRI G3, UN Global Compact

Certifications: ISO 14001

Third-party Assurance: PricewaterhouseCoopers Oy

UN Sustainable Development Goals

• Goal 4 (Quality Education)
• Goal 7 (Affordable and Clean Energy)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)

Initiatives such as Nokia Data Gathering, Nokia Education Delivery, and various environmental programs contribute to these goals.

Sustainable Products & Innovation

• Energy-efficient chargers, devices with energy-saving features, eco-services.

Awards & Recognition

• GSMA CEO Award for Outstanding Environmental Contribution
• World Technology Supersector Leader in Dow Jones Sustainability Indexes
• Top Mobile Handset Company and Green Company of the Year in V&D 100 Awards (India).

Environmental Metrics

ESG Focus Areas

• Improving people's lives with mobile technology
• Environmentally leading product range
• Labor and social issues in own operations
• Social issues and ethics in supply chain
• Customer satisfaction, customer privacy and product safety
• Take-back and recycling
• Green operations and facilities
• Green supply chain and logistics

Environmental Achievements

• Reduced Nokia facilities’ CO₂ emissions by 17% compared with the 2006 level
• Reduced greenhouse gas emissions from offices and R&D premises by 15% per person, compared to 2006
• Reduced CO₂ emissions by 54,500 tonnes due to 40% renewable electricity share
• Introduced five new eco hero devices
• Increased permanent take-back service for obsolete devices to more than 6,000 collection points in close to 100 countries
• Collected 661 tonnes of used mobile phones, batteries and accessories

Social Achievements

• Launched Bridge program to support employees affected by restructuring
• 40 million people experienced Nokia Life (Nokia Life Tools)
• Number of organizations using Nokia Data Gathering doubled
• Made progress in tracing the origins of raw materials
• Launched Nokia Screen Reader for visually impaired
• Organized Nokia Accessibility Summit
• Launched Accessibility Channel in Nokia Store

Governance Achievements

• Established a new Ethics and Compliance Office and appointed a Chief Ethics and Compliance Officer
• 98% of eligible non-manufacturing-based employees completed Code of Conduct training

Climate Goals & Targets

Environmental Challenges

• Impact on personnel due to strategic changes
• Slower than expected renewable energy market development
• Honing the direction given to suppliers and measuring their performance
• Long and complex supply chain

Mitigation Strategies

• Created Bridge program for employees and communities affected by personnel reductions
• Installed fuel cells at Sunnyvale facility and a biofuel station in Chennai
• Implemented several improvements to better direct and measure supplier performance
• Increased focus on Environment, Labor conditions, Occupational Health and Safety, and Ethics in supplier requirements

Supply Chain Management

Supplier Audits: 35 Nokia Supplier Requirements assessments and 8 Environmental and Ethical in-depth assessments in 2011

Responsible Procurement

• Nokia Supplier Requirements (including environmental and social expectations based on international standards)
• Conflict mineral policy and due diligence

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI G3

Certifications: ISO 14001

Third-party Assurance: PricewaterhouseCoopers Oy (PwC)

Sustainable Products & Innovation

• Nokia 700 (bio-materials, recycled plastics and metals)
• Nokia 701 (increased recycled metals)
• Nokia Asha 200 and 201 (eco innovation at lower price point)
• Nokia E6 (eco hero device)

Awards & Recognition

• Justmeans Social Innovation Award
• SAFIPA award for Best Socio-economic Impact
• Mobile News Environmental Enterprise award

Environmental Metrics

ESG Focus Areas

• Eco-sustainable innovation
• Our people
• Digital inclusion

Environmental Achievements

• Increased the energy efficiency of its entire access portfolio by more than 25% in four years
• Launched the 7950 XRS Router, dramatically cutting energy costs for customers
• Developed energy monitoring features across its access product portfolio
• Reduced its own carbon footprint, generating important cost savings

Social Achievements

• Alcatel-Lucent University provided 1.2 million hours of training to employees in 2012
• Launched a three-year workforce plan with development plans and human capital performance metrics
• Increased representation of women in upper management positions

Governance Achievements

• Achieved UN Global Compact Advanced Level differentiation
• Named Technology Supersector Leader on the Dow Jones Sustainability Index (DJSI)

Climate Goals & Targets

Environmental Challenges

• Extreme weather-related risks resulting from climate change
• Supply chain disruptions due to natural hazards

Mitigation Strategies

• Business continuity planning
• Risk Management function surveys environmental risks and addresses them with physical prevention/protection measures
• Insurance vehicles
• Updated and expanded portfolio analysis of windstorm, earthquake and flood exposures
• Evaluation of recovery times for the hardware supply chain

Supply Chain Management

Supplier Audits: 110 new assessments or reassessments in 2012

Responsible Procurement

• Sustainability requirements in 70% of procurement sectors

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, UNGC

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• lightRadio™, 7950 XRS Core Router, 7705 SAR, 8650 SDM, 8620 SurePay®

Awards & Recognition

• Dow Jones Sustainability Index Technology Supersector Leader
• RobecoSAM Sustainability Yearbook Gold Class and Sector Leader
• Corporate Knights Global 100
• Numerous other awards and recognitions

Environmental Metrics

ESG Focus Areas

• Environment
• Our people
• Digital inclusion

Environmental Achievements

• 32% carbon footprint reduction in operations since 2008; on track to meet 50% reduction goal by 2020
• Reduced water consumption by 23% from the 2010 baseline.
• 97% of electronic waste was recycled or reused

Social Achievements

• Alcatel-Lucent University provided 1.4 million hours of training to employees and customers with 70% of learning online
• 100% score on the 2014 Corporate Equality Index.
• Two employee surveys launched in August and October 2013 to measure the extent to which employees understood and embraced The Shift Plan.

Governance Achievements

• 96% of employees participated in Code of Conduct review and acknowledgement process
• Implemented Guiding Principles on Human Rights Freedom of Expression and Privacy through the Telecoms Industry Dialogue initiative.
• For the second year in a row, Alcatel-Lucent was named Technology Hardware & Equipment Industry Group Leader in the Dow Jones Sustainability Indices with industry leadership in the economic, environmental and social dimensions of sustainability.

Climate Goals & Targets

Environmental Challenges

• Reduce the impact of our products on the environment
• Reduce our eco-footprint
• Managing reorganization and restructuring due to The Shift Plan

Mitigation Strategies

• Improve the functional energy efficiency of our radio access technology by at least 75% by 2015 compared to 2008.
• Reduce our absolute carbon footprint from our operations by 50% compared to 2008 by 2020
• Reduce water consumption by 20% from 2010 baseline by 2013.
• The Shift Plan, a three-year plan to refocus Alcatel-Lucent as a specialist in IP and cloud networking and ultra-broadband access.

Supply Chain Management

Supplier Audits: 1,515 suppliers screened in anti-corruption program; 77% of active suppliers rated “satisfactory” or above for sustainability performance.

Responsible Procurement

• Adherence to EICC Code of Conduct
• UN Global Compact Principles
• Anti-corruption requirements
• Conflict Minerals Traceability

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, UNGC, EcoVadis, Dow Jones Sustainability Indices (DJSI)

Certifications: ISO 14001:2004, OHSAS 18001:2007, TL 9000

Third-party Assurance: Ernst & Young

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• lightRadio™, 7950 XRS Core Router, 1830 PSS with 400G PSE, small cells

Awards & Recognition

• Dow Jones Sustainability Indices Industry Group Leader
• RobecoSAM Industry Leader and Gold Class Sustainability Award
• EcoVadis Gold Recognition
• Corporate Knights Global 100
• Vigeo top performer
• UN Global Compact 100

Environmental Metrics

ESG Focus Areas

• Eco-sustainability
• Ethical business practices
• Supply chain
• Our people
• Digital Inclusion

Environmental Achievements

• 40% reduction in the carbon footprint of our worldwide operations since 2008; on track to meet 50% reduction goal by 2020
• Approximately 22% of our electrical power now comes from renewable sources
• 5,825 metric tons (96%) of electronic waste was recycled or resold
• 10% reduction in total CO2e emissions from our facilities compared to 2013 levels

Social Achievements

• Alcatel-Lucent University provided 1.2 million hours of training to employees and customers with 70% of learning online
• More than 23,118 training hours were dedicated specifically to Environment, Health and Safety (EHS) issues
• ITU and UN Women named StrongHer, our employee gender diversity initiative, one of the six winners of the 2014 Gender Equality Mainstreaming - Technology (GEM-TECH) Award
• 100% score on the 2014 Corporate Equality Index
• All countries where Alcatel-Lucent has a substantial employee presence now have teleworking policies. Overall, 42% of our employees telework at least one day per week

Governance Achievements

• Created the Alcatel-Lucent Sustainability Advisory Panel composed of eight material stakeholders to review our strategy, understand risks and opportunities and conduct materiality analysis in line with The Shift Plan
• 98% of employees and non-employee workers reviewed and acknowledged our Code of Conduct
• 100% of our business (including regions, business groups and central functions) was analyzed for risks related to corruption

Climate Goals & Targets

Environmental Challenges

• Reduce the impact of our products on the environment
• Reduce our eco-footprint
• Improve our people
• Engage stakeholders
• Support philanthropy
• Maintain ethics and compliance
• Manage supply chain

Mitigation Strategies

• Launched GWATT (Global ‘What if’ Analyzer of NeTwork Energy ConsumpTion) a Bell Labs application for modeling ICT network energy consumption
• Bell Labs-led GreenTouch consortium continued research activities to improve network energy efficiency
• SA8000 certification in Brazil and Mexico
• Introduce a new performance-based reward program (ABP) for management and employees
• Via our Alcatel-Lucent Foundation, provide digital training to youth
• Deploy annual Code of Conduct review and acknowledgment process to employees globally
• Establish a systematic improvement program with suppliers

Supply Chain Management

Supplier Audits: 80% of active suppliers rated “satisfactory” or above

Responsible Procurement

• Compliance with UN Global Compact Ten Principles and EICC Code of Conduct
• Anti-corruption screening
• Conflict Minerals Traceability Program

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Reporting Standards

Frameworks Used: GRI G4 Core, UN Global Compact Advanced Level, EcoVadis, Dow Jones Sustainability Indices, IIRC (gap assessment completed)

Certifications: ISO 14001, OHSAS 18001, TL 9000

Third-party Assurance: Ernst & Young

Sustainable Products & Innovation

• Energy-efficient 7750 Service Router and 1830 Photonic Service Switch platforms
• Green DSL platform
• Small Cells

Awards & Recognition

• Dow Jones Sustainability Indices Technology Hardware & Equipment Industry Group Leader
• RobecoSAM Industry Leader and Gold Class Sustainability Award
• Société Générale top 30 “Best-in-Universe” ESG-rated company
• UN Global Compact 100 member
• EcoVadis Gold Recognition

Environmental Metrics

ESG Focus Areas

• Eco-sustainability
• Ethical business
• Supply chain
• Our people
• Digital inclusion

Environmental Achievements

• Improved the functional energy efficiency of WCDMA radio access technology by 190% between 2008 and 2015 (exceeding the target of 75%).
• Eliminated PVC from products where technically, environmentally, and economically sound alternatives were available.
• Reduced absolute carbon footprint from operations by 46% since 2008 (on track for 50% by 2020).

Social Achievements

• Launched employee awareness and training on The Shift Plan.
• Introduced a new performance-based reward program (ABP) for management and employees based on corporate, business line/organization, and individual KPIs.
• Achieved >94% employee completion of Alcatel-Lucent Code of Conduct annual review and business integrity training.

Governance Achievements

• Deployed annual Code of Conduct review process achieving >94% global employee completion.
• Deployed business integrity training for employees globally, achieving >94% completion.
• Rolled out anti-corruption screening program with suppliers.

Climate Goals & Targets

Environmental Challenges

• Extreme weather-related risks resulting from climate change.
• Potential future expenditures to cover environmental liabilities and maintain compliance with environmental, health, and safety laws and regulations.
• Tax litigations and areas of tax uncertainty.

Mitigation Strategies

• Designed products to withstand extreme conditions and worked with customers to customize product specifications.
• Maintained procedures to ensure safety of installation and engineering workforces in the field.
• Complied with all applicable environmental requirements.
• Used a third-party online application to track tax litigations and areas of tax uncertainty and reported significant changes internally and to external auditors.

Supply Chain Management

Supplier Audits: 59 on-site EHS audits in 2015

Responsible Procurement

• Compliance with UN Global Compact Principles and EICC Code of Conduct.
• Anti-corruption requirements.
• Conflict Minerals Traceability Program.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI, UNGC, EcoVadis, Dow Jones Sustainability Indices (DJSI), CDP, International Integrated Reporting Framework (IIRC)

Certifications: ISO 14001, OHSAS 18001

Third-party Assurance: Ernst & Young et Associés

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Energy-efficient radio access technology, 7950 XRS core router, 1830 Photonic Service Switch (PSS) portfolio, 9500 Microwave Packet Radio (MPR)

Awards & Recognition

• Gold Recognition from EcoVadis (top 1% of suppliers)
• Industry Group Leader for Communication Equipment Industry in Dow Jones Sustainability Indices (DJSI)

Environmental Metrics

ESG Focus Areas

• Climate
• Integrity
• Culture

Environmental Achievements

• Secured 214 commercial 5G deals and launched 74 live 5G networks with customers.
• Customer base station sites modernized used on average 46% less energy than those where customers did not modernize.
• Joined the RE100 initiative and set a new 100% renewable electricity target across Nokia facilities.
• Became a co-founding member of the World Economic Forum’s First Movers Coalition.
• Received the COP26 Compass Award for capacity-building in the supply chain.
• Named in the Carbon Clean 200 for global companies leading the way with solutions for a clean energy future.
• Recognized as one of the World’s Most Ethical Companies for the sixth year in a row.

Social Achievements

• Connected 90 schools to the internet in Kenya together with UNICEF and Safaricom.
• Finalized a four-year program in Indonesia and launched a new program in Morocco to empower young people through technology.
• Launched a new people strategy and moved to hybrid working.
• Closed the unexplained pay gap.

Governance Achievements

• 97% of employees completed Ethical Business Training.
• Again acknowledged as one of the World’s Most Ethical companies by the Ethisphere Institute.

Climate Goals & Targets

Environmental Challenges

• Four fatal incidents involving people working on Nokia's behalf (contractors/subcontractors).
• Missed target to reach a minimum of 26% female hires in all global external recruits (achieved 25%).
• Emissions covered by SBT were 8% above cumulative carbon budget for 2020–2021.

Mitigation Strategies

• Business groups will continue with strengthened campus hiring and focused efforts in key hiring locations to increase outreach and talent attraction activities.
• Continued work to reduce GHG emissions despite higher capacity demand from customers and successful adoption of latest product generations.

Supply Chain Management

Supplier Audits: 439 audits and assessments in 2021 (including 64 in-depth CR audits).

Responsible Procurement

• Third-Party Code of Conduct.
• Supplier Requirements (including RBA Code of Conduct).
• Sustainability score as one of six pillars of supplier performance evaluation.
• CDP, EcoVadis, Responsible minerals program, and onsite audits.

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters affecting supply chain, operations, and customers.

Transition Risks

• Impact on global economy, rising energy prices, and increased regulation.

Opportunities

• Helping other industries reduce emissions.
• Improving energy efficiency of products.

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Standards, UN Global Compact

Certifications: ISO 14001:2015, ISO 45001

Third-party Assurance: Deloitte Oy

UN Sustainable Development Goals

• Goal 8
• Goal 9
• Goal 13

Nokia believes its technology can positively contribute to accelerating and achieving all 17 SDGs, with Goals 8, 9, and 13 being the most material.

Sustainable Products & Innovation

• AirScale 5G portfolio with ReefShark plug-in cards.
• FP5 high-performance IP routing silicon.
• Quillion-based chipset in fixed broadband solutions.
• PSE-V photonic service engine chipset.

Awards & Recognition

• COP26 Compass Award
• Carbon Clean 200
• World’s Most Ethical Companies
• 5G World’s “Most Innovative Artificial Intelligence or Machine Learning Technology for the Network” Award

Environmental Metrics

ESG Focus Areas

• Environment (climate and circularity)
• Industrial digitalization
• Security and privacy
• Bridging the digital divide
• Responsible business

Environmental Achievements

• Surpassed annual target for renewable energy use across facilities, reaching 63% in 2022 (on track for 100% by 2025).
• Reduced facility GHG emissions by 54% compared to 2019.
• Achieved 80% circularity of facility waste from landfill.
• FP5 network processor silicon shipped, up to 75% more energy-efficient than previous generations.
• Introduced liquid cooling solution across AirScale baseband portfolio.
• Intelligent RAN operations using machine learning reduced 4G and 5G base station power consumption by up to 15%.
• Modernized customer base station sites used 44% less energy on average than non-modernized sites.
• Reached 150 customers for Quillion-based chipset for fixed broadband (uses about half the power of previous generations).
• Over 100 customers for PSE-V coherent optical solution (up to 50% less power).
• Over 30 customers using FP5-based routing silicon (reduces power consumption by up to 75% per bit).

Social Achievements

• Reached 560,702 direct beneficiaries through social digitalization projects, digital skills building, connecting the unconnected, and improving inclusion, equity, and diversity.
• Launched a new Nokia People Strategy to create a better working environment.
• Named in Bloomberg’s Gender-Equality Index for the third consecutive time.
• Industry recognition for OUTLeaders program supporting LGBT+ leaders.
• Completed second independent human rights assessment by the Global Network Initiative.
• Launched mandatory ESG training course for all employees and Board members (over 97% completion rate).

Governance Achievements

• Launched a new ESG strategy with five focus areas and accompanying goals.
• Laid the foundations for a Sustainable Finance Framework.
• Successfully completed a EUR 500 million sustainability-linked bond issuance.
• Named one of the World’s Most Ethical Companies® by Ethisphere.

Climate Goals & Targets

Environmental Challenges

• Total emissions remained 13% above the linear trajectory between 2019 and 2030 for the Science Based Target.
• Logistics emissions saw a 9% increase compared to 2019.
• Eight fatal and four critical incidents with suppliers.
• Data quality concerns in supplier-reported emissions data.

Mitigation Strategies

• Introduced a Sustainable Finance Framework to strengthen the connection between ESG and financing strategies.
• Working on innovative solutions such as Sustainable Aviation Fuel and collaborating with customers to reduce logistics emissions.
• Taking steps to drive greater emphasis on life-saving rules and supplier capability.
• Addressing data quality issues with suppliers with strong deviations from sector average and LCA values.

Supply Chain Management

Supplier Audits: 479 audits and EcoVadis assessments in 2022

Responsible Procurement

• Third-Party Code of Conduct
• Supplier Requirements (including RBA Code of Conduct)
• Sustainability requirements
• Onsite audit program
• EcoVadis assessments
• CDP Climate Change and Water Security assessments
• Health & Safety Maturity Assessments

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters affecting supply chain, operations, and customers

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Helping other industries reduce emissions
• Improving energy efficiency of products

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UN Global Compact

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Deloitte Oy

UN Sustainable Development Goals

• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 13: Climate Action

Digitalization and connectivity play a critical role in achieving all 17 SDGs.

Sustainable Products & Innovation

• Energy-efficient products across Mobile Networks and Network Infrastructure portfolios
• Circular products and services

Awards & Recognition

• World’s Most Ethical Companies®
• Bloomberg Gender-Equality Index
• Vodafone Group planet award
• RE100 Best Newcomer recognition
• Bharti Foundation’s Silver Award for Social Initiative (India)

Environmental Metrics

ESG Focus Areas

• Environment (climate and circularity)
• Industrial digitalization
• Security and privacy
• Bridging the digital divide
• Responsible business

Environmental Achievements

• Set a new target to reach net-zero GHG emissions across its value chain by 2040.
• Accelerated its existing target to reduce GHG emissions across its own operations to 83% by 2030.
• Achieved 75% renewable energy in its own facilities.
• Delivered energy-efficient hardware: Habrok massive MIMO radios (30% less energy), AirScale 5G base station (50% reduction compared to 2019), PSE-6s photonic service engine (up to 60% reduction in some settings).
• Logistics emissions decreased by 54% compared to 2019.
• Achieved 86% circular waste level.

Social Achievements

• Zero work-related fatal incidents involving employees.
• 130,832 people benefited from social digitalization projects in 2023.
• Completed 141 supplier audits in 2023 (compared to 63 in 2022).
• Achieved 28% female hires in global external recruits.
• Maintained 85% favorability of employee/line manager engagement on ethics and compliance.

Governance Achievements

• Announced its Sustainable Finance Framework.
• Achieved AAA rating from MSCI ESG Ratings and inclusion in Sustainalytics’ 2024 ESG Top-Rated Companies list.
• Recognized as a supplier engagement leader by CDP’s Supplier Engagement Rating program.

Climate Goals & Targets

Environmental Challenges

• Current SBT emissions are at the same level as the 2019 baseline year, meaning the 2030 SBT is not on track.
• Three work-related fatal incidents involving contractors/third parties.
• Data quality concerns regarding supplier-reported emissions reductions.
• Accuracy challenges in emission allocations.

Mitigation Strategies

• Accelerated net-zero target and interim 2030 targets.
• Increased emphasis on life-saving rules and supplier capability.
• Comparing supplier-reported data with LCA data and addressing quality issues with suppliers.
• Improved data collection and management.

Supply Chain Management

Supplier Audits: 635 audits and EcoVadis assessments in 2023 (141 in-depth corporate responsibility audits)

Responsible Procurement

• Third-Party Code of Conduct
• RBA Code of Conduct
• Nokia-specific sustainability requirements
• Supplier Diversity Purchasing Program

Climate-Related Risks & Opportunities

Physical Risks

• Natural disasters affecting supply chain, operations, and customers

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Helping other industries reduce emissions
• Improving energy efficiency of products

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, UN Global Compact

Certifications: ISO 14001, ISO 45001, ISO 27001

Third-party Assurance: Deloitte Oy

UN Sustainable Development Goals

• Goal 7 (Affordable and clean energy)
• Goal 9 (Industry, innovation, and infrastructure)
• Goal 13 (Climate action)
• Goal 8 (Decent work and economic growth)
• Goal 10 (Reduced inequalities)
• Goal 4 (Quality education)
• Goal 3 (Good health and well-being)

Nokia's technology and initiatives contribute to these goals through energy efficiency, digitalization of industries, connecting the unconnected, promoting diversity and inclusion, and improving worker safety and well-being.

Sustainable Products & Innovation

• Energy-efficient hardware (Habrok, AirScale, PSE-6s)
• Circular products and services
• Sustainable packaging

Awards & Recognition

• World’s Most Ethical Companies®
• Bloomberg Gender Equality Index
• Workplace Pride Global Benchmark ambassador status
• Supplier Diamond Awards