The technology we create can help in the fight against climate change while enabling our customers to improve their productivity, as well as their energy and resource efficiency. We aim to continually improve our environmental, social and governance (ESG) practices and embed sustainability into every part of our business. In early 2023, we made it clear that our ambition is to make ESG a competitive advantage for Nokia. The importance of ESG to our company is affirme in our purpose: “At Nokia, we create technology that helps the world act together.” This has helped create a virtuous cycle where our purpose drives our long-term technology and business strategy, and vice versa. ESG drives how we innovate, manufacture, deliver and maintain our products, and how we conduct ourselves as an organization. In 2022, we took another step forward to make ESG a driver of value creation, with the launch of the new ESG strategy, with five focus areas and accompanying goals. Become the leader in energy efficiency and circular practices. We have set an ambitious science-based target to reduce our Scope 1, 2 and 3 greenhouse gas emissions by 50% between 2019 and 2030. We have also set a target of 100% renewable electricity in our facilities by 2025. Both of these are stepping stones on our path to net zero. Transform physical industries to make them more productive, efficient, sustainable and safer through the connectivity and digital solutions we provide. This ambition is at the heart of our increasing work with non-service provider customers, such as manufacturers, energy producers and public sector organizations. Design products so security and privacy are built into their life cycle at every stage. Our networks underpin critical infrastructure so partners, customers and regulators must be able to trust them. Build a bridge for digital inclusion and more equal access to healthcare, education and employment. We will achieve this ambition through connectivity and digital skill building.

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