Energy Efficiency, GHG Emissions, Industrial, Industrial - February 26, 2024
Nokia Sets 2040 SBTi Goals
Nokia announced the company is committed to lowering its total global GHG emissions to net zero by 2040 and submitted its net-zero letter of commitment to the Science Based Targets initiative (SBTi).
The telecommunications company also announced it will double down on its existing near-term or 2030 target and accelerate the decarbonization of its own operations.
“Our new emission reduction targets show that net zero is a business priority for Nokia,” Pekka Lundmark, President and CEO of Nokia, said in a statement. “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.”
With over 95% of emissions resulting from products in use, Nokia achieved a 50% reduction in the average power consumption of 5G mMIMO Base stations by 2023 from a 2019 baseline and 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.
The company’s FP5 network processor offers a 75% reduction in power consumption compared to its previous generation, and its 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.
Nokia commits to using 100% renewable electricity in its own facilities by 2025 and is working with its supply chain as it transitions to renewables. The company achieved 63% renewable electricity in its own facilities in 2022.
The company's fleet of marine vessels will use a lower amount of fossil fuels in the future. Nokia is targeting marine fleet emission reductions aligned with the International Maritime Organization decarbonization pathway and has invested in more efficient vessels and tested the use of biofuels to reduce emissions.
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