Nokia Corporation
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Modern Slavery
- Human Rights
- Supply Chain Responsibility
- Ethical Sourcing
- Diversity & Inclusion
Social Achievements
- Conducted 479 supply chain audits and EcoVadis assessments, including 67 in-depth CR audits at 41 supplier sites.
- Delivered 11 supplier training workshops and webinars on modern slavery, labor migration, ethical recruitment, inclusion and diversity, responsible minerals sourcing, climate change, circular practices, and health and safety.
- Achieved 98% completion rate for Ethical Business Training among employees.
- 73% validation level achieved for conflict-free smelters and refineries in the supply chain.
Governance Achievements
- Established multiple channels for reporting ethical concerns, including a dedicated email address, online portal, and country-specific phone numbers.
- Implemented robust audit and assessment processes and procedures to address modern slavery risks.
- Collaborated with key organizations such as RBA and JAC to improve corporate responsibility in global supply chains.
Climate Goals & Targets
Environmental Challenges
- Potential risks of modern slavery in the global supply chain, particularly in high-risk regions and industries.
- Challenges in ensuring complete transparency and traceability throughout the complex supply chain.
- Difficulties in identifying and addressing instances of non-compliance due to lack of documentation or cooperation from some suppliers.
Mitigation Strategies
- Implemented a strict Code of Conduct and related policies, including zero tolerance for child and forced labor.
- Conducted regular audits and assessments of suppliers, using various methods including EcoVadis and in-depth CR audits.
- Provided training and guidance to suppliers on ethical business practices, labor standards, and responsible sourcing.
- Established grievance mechanisms and a speak-up culture to encourage reporting of ethical concerns.
- Collaborated with industry organizations and NGOs to address systemic issues related to modern slavery.
Supply Chain Management
Supplier Audits: 479
Responsible Procurement
- Supplier Sustainability Risk dashboard
- Annual review of category strategies
- Regular assessments with suppliers
- In-depth audits covering labor conditions and environmental management
- Use of EcoVadis sustainability assessments
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SA8000, OECD Due Diligence Guidance for Responsible Supply Chains of Minerals, RBA Code of Conduct, UN Universal Declaration of Human Rights, UN Global Compact