Nokia commits to net zero greenhouse gas emissions by 2040 #MWC24
Press ReleaseNokia commits to net zero greenhouse gas emissions
by 2040 #MWC24
- Sets new long-term target to reach net zero greenhouse gas
emissions by 2040.
- Doubles down on its existing near-term target by accelerating
the decarbonization of its own operations.
- To ensure its targets are aligned with climate science, Nokia
has submitted its net zero letter of commitment to the Science
Based Targets initiative (SBTi).
26 February 2024Espoo, Finland – Nokia today 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 today
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 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.”
Nokia was the first telecoms vendor to have its 2030 Science
Based Target (SBT) validated by the SBTi in 2017 and was among the
first 100 companies across all sectors to do so.
It recalibrated its near-term targets in 2021 in line with a
1.5°C warming scenario, committing to reduce its greenhouse gas
emissions by 50% by 2030 from a 2019 baseline. This target implied
that Nokia would reach net zero by 2050.
With today’s announcement Nokia reiterates its existing
near-term target to reduce its greenhouse gas emissions by 50%
across its value chain (Scopes 1, 2 and 3), accelerates the
decarbonization of its own operations (Scopes 1 and 2) as part of
its near-term targets with complete decarbonization its car fleet
and facilities, and explicitly sets a new long-term target to reach
net zero by 2040 (Scopes 1, 2 and 3) by 2040.
To ensure its new long-term target aligns with climate science,
Nokia has submitted its net-zero letter of commitment to the
Science Based Targets initiative (SBTi), a partnership between CDP,
the United Nations Global Compact, World Resources Institute (WRI)
and the World Wide Fund for Nature (WWF).
Nokia has also defined a net-zero pathway that will help it
reduce emissions across its value chain. Key levers in the net-zero
pathway include:
Product design and innovation: With more than
95% of emissions resulting from products in use, Nokia continues to
improve the energy efficiency of its products and solutions.
- Achieved a 50% reduction in the average power consumption of 5G
mMIMO Base stations by 2023 from 2019 baseline.
- Introduced the Quillion chipset, which can help reduce power
consumption for broadband access products with 50% less power
needed in fiber installations than previous generations.
- Its FP5 network processor offers a 75% reduction in power
consumption compared to its previous generation.
- Its latest optical network technology, the PSE-6s, can reduce
network power consumption per bit in optical transport by up to 40%
compared to the PSE V.
Low-carbon electricity: Nokia is committed to
using 100% renewable electricity in its own facilities by 2025 and
is working with its supply chain as it transitions to
renewables.
- Already achieved 63% renewable electricity in its own
facilities in 2022.
- It uses a mix of on-site solar, Power Purchase Agreements,
renewable electricity products directly obtained from an energy
supplier, and renewable electricity certificates to procure the
renewable electricity.
Energy and material efficiency: Nokia aims to
achieve 95% circularity by 2030 in relation to operational waste
(waste from offices, labs, manufacturing, installation, and product
takeback), driving actions to reduce landfilling.
- In 2023, Nokia announced it would reduce packaging waste for
its Fixed Networks Lightspan portfolio. This will lead to a 60%
decrease in packaging size and a 44% reduction in the overall
weight.
Carbon removals: Credible, permanent carbon
removals and storage may be required to neutralize some residual
emissions to reach net zero.
- Nokia is examining credible solutions for carbon removals to
support long-term net-zero targets.
Nokia is one of the few telecommunications vendors with its own
fleet of marine vessels, playing a vital role in laying the cables
that connect continents. Currently, Nokia-owned Alcatel Submarine
Networks (ASN) has an installed base of more than 650,000 km of
optical submarine systems deployed worldwide, enough to
circumnavigate the globe 15 times. With marine fleets globally
still largely reliant on fossil fuels, this presents a unique
challenge for decarbonizing Nokia’s Scope 1 emissions. Nokia is
targeting marine fleet emission reductions aligned with the
International Maritime Organization decarbonization pathway and has
already invested in more efficient vessels and trialed the use of
biofuels to reduce emissions.
Resources and additional informationWeb page:
All about zeroWeb page: Sustainability
GlossaryThe Paris Agreement:
An international treaty adopted in 2015, committing world
governments to limiting global warming to well below 2°C and
pursuing efforts to limit temperature increases to 1.5°C above
pre-industrial levels. 1.5°C: In 2018, the
Intergovernmental Panel on Climate Change warned that exceeding
1.5°C would lead to catastrophic impacts, leading to a broad
consensus on the need to limit warming to 1.5°C.Net
zero: Net zero refers to a reduction of 90% in greenhouse
gas emissions to as close to zero as possible, with a maximum of up
to 10% remaining hard-to-abate emissions being neutralized through
carbon removals. To limit global warming to 1.5°C, greenhouse gas
emissions must by halved by 2030 and reach net zero by
2050.Greenhouse gases (GHGs): Greenhouse gases
refer to the set of gases that are direct causes of global warming.
These include gases covered by the Kyoto Protocol: carbon dioxide
(CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons
(HFCs), perfluorocarbons (PFCs), sulphur hexafluoride (SF6) and
nitrogen trifluoride (NF3).Science-based targets:
Science-based targets give companies a clearly defined path to
reduce greenhouse gas emissions in line with limiting global
warming to 1.5°C. They define how much and how quickly a business
must reduce its emissions to be in line with the Paris Agreement
goals. The Science Based Targets initiative requires that companies
halve their emissions by 2030 and commit to long-term cuts of at
least 90% before 2050.SBTi: The SBTi is a
partnership between CDP, the United Nations Global Compact, World
Resources Institute (WRI) and the World Wide Fund for Nature
(WWF).Carbon removals: While the SBTi Net-Zero
standard is focused on incentivizing emissions reductions within
company value chains, it also recognizes that reaching net zero may
require some residual (<10% of total footprint), hard-to-abate
emissions to be neutralized through removals offsets, permanently
removing and storing the carbon from the atmosphere.Scopes
1, 2 and 3: The emissions a company creates in its own
operations and across its value chain are:
- Scope 1 emissions — GHG emissions that a company creates
directly, for example facilities and fleet.
- Scope 2 emissions — Indirect GHG emissions, mostly from
purchased electricity.
- Scope 3 emissions — All the GHG emissions that the organization
is indirectly responsible for, across its value chain. For example,
buying products from suppliers, through to the use of its products
by its customers.
About NokiaAt Nokia, we create technology that
helps the world act together.
As a B2B technology innovation leader, we are pioneering
networks that sense, think and act by leveraging our work across
mobile, fixed and cloud networks. In addition, we create value with
intellectual property and long-term research, led by the
award-winning Nokia Bell Labs.
Service providers, enterprises and partners worldwide trust
Nokia to deliver secure, reliable and sustainable networks today –
and work with us to create the digital services and applications of
the future.
Media inquiriesNokia Communications,
CorporateEmail: Press.Services@nokia.com
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