Telecom Operators

Nokia sets sights on net zero emissions by 2040

Nokia sets sights on net zero emissions by 2040

Nokia has pledged to slash its global GHG emissions to net zero by 2040, ten years ahead of the Paris Agreement. The latter will also strengthen its 2030 goal, which aims to reduce its GHG emissions by 50% across all scopes from a 2019 baseline. It will also hasten the decarbonization of its own operations.

Pekka Lundmark, President and CEO of Nokia, emphasised on their sustainable movement by saying “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. That journey will only accelerate, as Nokia launches more energy efficient solutions in next generation mobile, fixed, IP and optical networks and in software, silicon and systems. By committing to net zero by 2040 we build on our previous climate targets as we look to create technology that helps the world act together”.

To recall, Nokia led the telecoms sector by getting its 2030 SBT approved by the SBTi in 2017 and was in the first 100 companies to do so. It updated its near-term targets in 2021 for a 1.5°C warming scenario, pledging to slash its greenhouse gas emissions by half by 2030 from a 2019 baseline. This might be an indicator that Nokia would achieve net zero by 2050.

Nokia reaffirms its near-term goal of halving its greenhouse gas emissions across its value chain (Scopes 1, 2 and 3), and speeds up the decarbonization of its own operations (Scopes 1 and 2) with its car fleet and facilities going carbon-free. It also sets a new long-term goal of net zero by 2040 (Scopes 1, 2 and 3). Nokia has sent its net-zero pledge to the SBTi, a collaboration between CDP, the UN Global Compact, WRI and WWF.

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