Nokia sets ambitious net zero greenhouse gas emissions target for 2040
In a significant move towards sustainability, Nokia has announced its ambitious goal to achieve net zero greenhouse gas (GHG) emissions across its global operations by 2040, surpassing its previous target and setting a new benchmark in the telecommunications industry. This commitment not only accelerates Nokia’s net zero target by a decade but also places it ahead of the Paris Agreement’s 2050 timeline, showcasing the company’s dedication to combating climate change and its impacts.
Underlining its commitment, Nokia has also revised its near-term, or 2030, target. Originally aiming to cut its GHG emissions by half from a 2019 baseline across Scopes 1, 2, and 3, the company now plans to further expedite the decarbonization of its operations. Pekka Lundmark, President and CEO of Nokia, emphasized the importance of net zero as a business priority, stating, “Our new emission reduction targets show that net zero is a business priority for Nokia. We already help our telecoms customers to decarbonize by building sustainable, high-performance networks, and we work with a rapidly growing range of enterprise partners to reduce emissions and improve productivity.”
Nokia’s approach to achieving net zero includes a comprehensive strategy encompassing product design and innovation, low-carbon electricity usage, energy and material efficiency, and exploring credible carbon removal solutions. Notably, the company has made significant strides in reducing the power consumption of its products, such as achieving a 50% reduction in the average power consumption of 5G mMIMO Base stations and introducing energy-efficient solutions like the Quillion chipset and FP5 network processor.
Moreover, Nokia has committed to using 100% renewable electricity in its facilities by 2025 and is working towards achieving 95% circularity in operational waste by 2030. These measures highlight Nokia’s holistic approach to sustainability, addressing both direct and indirect emissions across its value chain.
Nokia’s accelerated net zero target and comprehensive sustainability strategy underscore the company’s leadership in the telecommunications industry’s transition towards greener operations. By setting ambitious goals and investing in innovative solutions, Nokia not only contributes to global climate action efforts but also sets a precedent for other companies to follow.