Nokia Leads the Charge in Global Sustainability Rankings

Nokia Ranked as a Leader in Sustainability

Nokia is proud to announce its recognition by Corporate Knights as the most sustainable telecoms and communications company worldwide. This distinction places Nokia at the forefront of an industry where sustainability is becoming increasingly important. In a detailed assessment involving over 8,000 companies, Nokia emerged as a top performer among 55 corporations in the communications equipment industry.

Outstanding Performance Across Sustainability Metrics

This remarkable achievement includes being ranked:

• First among 122 competitors in the telephones and telecom equipment manufacturing category.
• Seventh among over a thousand companies in the broader information technology sector.
• Forty-fourth in the overall ranking of the top 100 sustainable companies worldwide.

Nokia's commitment to sustainability is deeply embedded in its corporate strategy and operations. The company’s purpose aligns with creating a sustainable future where technology fosters collective progress. Their steadfast commitment to high integrity and ethical standards ensures the development of a trust-based, responsible, and inclusive environment.

The Depth of Nokia's Commitment to Sustainability

Established in 2005, Corporate Knights has consistently ranked the world’s most sustainable corporations, assessing companies based on various performance indicators. Nokia’s ranking comes as a result of rigorous evaluations across 25 key performance indicators (KPIs), which assess criteria such as resource management, employee engagement, financial health, sustainable revenue generation, and supplier practices.

In recent efforts, Nokia has committed to achieving net zero greenhouse gas emissions by 2040. Furthermore, it has introduced innovative solutions like the private wireless sustainability calculator, designed to assist enterprises in assessing the environmental benefits associated with adopting private wireless networks and their integration into new Industry 4.0 applications.

Acknowledged for Sustainable Supply Chain Practices

Nokia's supply chain initiatives have been lauded, placing it among the top 1% of companies assessed by EcoVadis for supply chain sustainability. For eight consecutive years, the company has garnered recognition from Ethisphere, affirming its status as one of the “World’s Most Ethical Companies.” Subho Mukherjee, Vice President of Sustainability at Nokia, emphasized the importance of this recognition, attributing it to the hard work of Nokia's employees and partners. He noted, “Our sustainability approach is grounded in our commitment to creating technology that facilitates global collaboration.”

Driving Circularity and Reducing Waste

Nokia’s dedication to minimizing its environmental footprint drives its innovation in circularity. By reducing waste through sustainable practices, Nokia aims to set an example for other enterprises in the industry. Their vision extends to empowering their clients, including webscalers and enterprise customers, to decarbonize while digitalizing operations with Nokia's innovative networking technologies.

Connecting the Unconnected

In addition to reducing its carbon footprint, Nokia is passionate about bridging the digital divide. Through advanced broadband and connectivity solutions, the company strives to bring digital access to underserved regions, promoting skills development and digital literacy.

Continued Leadership in Sustainable Technology

As a leader in B2B technology innovations, Nokia consistently pioneers advancements in networks that are intelligent and responsive. This includes a broad spectrum of mobile, fixed, and cloud technology. The company's work reflects a long-standing commitment to developing secure, reliable, and sustainable networks that not only create economic opportunities but also support future digital services and applications.

With an emphasis on collective action to address global challenges, Nokia remains dedicated to its mission of crafting technology that brings the world closer together, fostering collaboration and innovation for a sustainable future.

Frequently Asked Questions

What ranks did Nokia achieve in the sustainability rankings?

Nokia ranked #1 in the communications equipment industry, #1 in telephones and telecom equipment manufacturing, and #7 in the information technology sector.

When did Corporate Knights start ranking sustainable companies?

Corporate Knights has ranked the world’s 100 most sustainable companies since 2005.

What are some of Nokia's sustainability commitments?

Nokia has committed to achieving net zero greenhouse gas emissions by 2040 and has introduced tools to help companies assess the environmental benefits of private wireless technologies.

How does Nokia support sustainable supply chain practices?

Nokia has received recognition for its sustainable supply chain practices, placing it in the top 1% of companies assessed by EcoVadis.

What is Nokia’s vision for the future?

Nokia aims to connect the unconnected and reduce its environmental footprint through sustainable technology while fostering digital access and skills development worldwide.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.