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Nokia Unveils Groundbreaking Sustainable Finance Framework

Sustainability and finance go hand-in-hand at Nokia as the tech giant launches its Sustainable Finance Framework with a focus on Environmental, Social and Governance (ESG) strategy, Nokia is proving that purpose and profit can coexist. By linking its ESG strategy to the Sustainable Finance Framework, Nokia is demonstrating its commitment to sustainable growth and long-term value for all stakeholders.

Nokia is taking responsibility for reducing energy consumption and greenhouse gas emissions across its entire value chain, with a goal to reduce GHG emissions by 50% by 2030. This target has been recognized by the Science Based Targets initiative (SBTi) and has been selected as the Sustainability Performance Target in Nokia’s Framework, enabling the company to issue sustainability-linked financing instruments 💸

Sustainalytics, a leader in ESG research, has given the Framework its seal of approval, labeling Nokia’s sustainability target “Highly Ambitious” and its key performance indicator “Very Strong”

According to Marco Wirén, CFO of Nokia,

“Linking our enhanced ESG strategy with the Framework is a logical next step in our progress to strengthen the connection between our ESG and financing strategies.”

And Melissa Schoeb, Chief Corporate Affairs Officer of Nokia, adds

“Sustainability is at the heart of Nokia’s mission to create technology that brings the world together. We’re thrilled that Sustainalytics agrees and sees the strength in our Framework.”