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.

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