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Nokia Commits to Net Zero Greenhouse Gas Emissions By 2040

Nokia announced that it has committed
to reducing its total global greenhouse
gas emissions (GHG) to net zero by 2040,
accelerating its previous target by ten
years, and putting it ahead of the Paris
Agreement target of net zero by 2050.
Nokia will also double down on its existing
near-term, or 2030, target. Having already
committed to halving its GHG emissions
across Scope 1,2 and 3 by 2030 from a
2019 baseline, it announced it will further
accelerate the decarbonization of its own
operations. Pekka Lundmark, President
and CEO of Nokia, said: “Our new emission
reduction targets show that net zero is a
business priority for Nokia. We already help
our telecoms customers to decarbonize Compact, World Resources Institute (WRI) renewable electricity.
by building sustainable, high-performance and the World Wide Fund for Nature (WWF). • Energy and material efficiency: Nokia
networks, and we work with a rapidly Nokia has also defined a net-zero pathway aims to achieve 95% circularity by 2030 in
growing range of enterprise partners to that will help it reduce emissions across relation to operational waste (waste from
reduce emissions and improve productivity. its value chain. Key levers in the net-zero offices, labs, manufacturing, installation,
That journey will only accelerate, as Nokia pathway include: and product takeback), driving actions to
launches more energy efficient solutions Product design and innovation: With more reduce landfilling.
in next generation mobile, fixed, IP and than 95% of emissions resulting from • In 2023, Nokia announced it would
optical networks and in software, silicon products in use, Nokia continues to improve reduce packaging waste for its Fixed
and systems. By committing to net zero the energy efficiency of its products and Networks Lightspan portfolio. This will
by 2040 we build on our previous climate solutions. lead to a 60% decrease in packaging size
targets as we look to create technology • Achieved a 50% reduction in the average and a 44% reduction in the overall weight.
that helps the world act together.” Nokia power consumption of 5G mMIMO Base • Carbon removals: Credible, permanent
was the first telecoms vendor to have its stations by 2023 from 2019 baseline. carbon removals and storage may be
2030 Science Based Target (SBT) validated • Introduced the Quillion chipset, which required to neutralize some residual
by the SBTi in 2017 and was among the first can help reduce power consumption for emissions to reach net zero.
100 companies across all sectors to do broadband access products with 50% • Nokia is examining credible solutions for
so. It recalibrated its near-term targets in less power needed in fiber installations carbon removals to support long-term
2021 in line with a 1.5°C warming scenario, than previous generations. net-zero targets.
committing to reduce its greenhouse gas • Its FP5 network processor offers a Nokia is one of the few telecommunications
emissions by 50% by 2030 from a 2019 75% reduction in power consumption vendors with its own fleet of marine vessels,
baseline. This target implied that Nokia compared to its previous generation. playing a vital role in laying the cables
would reach net zero by 2050. With this • Its latest optical network technology, that connect continents. Currently, Nokia-
announcement Nokia reiterates its existing the PSE-6s, can reduce network power owned Alcatel Submarine Networks (ASN)
near-term target to reduce its greenhouse consumption per bit in optical transport has an installed base of more than 650,000
gas emissions by 50% across its value by up to 40% compared to the PSE V. km of optical submarine systems deployed
chain (Scopes 1, 2 and 3), accelerates Low-carbon electricity: Nokia is committed worldwide, enough to circumnavigate
the decarbonization of its own operations to using 100% renewable electricity in the globe 15 times. With marine fleets
(Scopes 1 and 2) as part of its near-term its own facilities by 2025 and is working globally still largely reliant on fossil fuels,
targets with complete decarbonization its with its supply chain as it transitions to this presents a unique challenge for
car fleet and facilities, and explicitly sets a renewables. decarbonizing Nokia’s Scope 1 emissions.
new long-term target to reach net zero by • Already achieved 63% renewable Nokia is targeting marine fleet emission
2040 (Scopes 1, 2 and 3) by 2040. To ensure electricity in its own facilities in 2022. reductions aligned with the International
its new long-term target aligns with climate • It uses a mix of on-site solar, Power Maritime Organization decarbonization
science, Nokia has submitted its net-zero Purchase Agreements, renewable pathway and has already invested in more
letter of commitment to the Science Based electricity products directly obtained efficient vessels and trialed
Targets initiative (SBTi), a partnership from an energy supplier, and renewable
between CDP, the United Nations Global electricity certificates to procure the

52 JANUARY-MARCH 2024