Climate Change Data

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