Nokia commits to net zero value chain emissions by 2040

Nokia announced a commitment to reach net zero greenhouse gas emissions across operations and its value chain by 2040, accelerating its previous 2050 goal by a decade. For Indian telecom and technology suppliers in Nokia's value chain, the target raises expectations for product energy efficiency and supply chain decarbonisation.

Nokia announced a commitment to achieve net zero greenhouse gas emissions across its operations and value chain by 2040, accelerating its long-term climate goal by ten years from its previous 2050 target. The company set an interim objective to reduce greenhouse gas emissions by 50% across Scopes 1, 2, and 3 by 2030, including fully decarbonising its car fleet and facilities. Scope 3 value chain emissions account for the vast majority of Nokia's footprint, with more than 95% resulting from the use of its products, focusing the net-zero pathway on product energy efficiency.

Nokia's supply chain partners are directly affected, as the company will work with suppliers in their transition to renewables to support its 50% emissions reduction by 2030 and net zero by 2040. Customers using Nokia products are central, given more than 95% of the company's emissions come from product use, driving a focus on improving energy efficiency in next-generation mobile, fixed, IP, and optical networks and in silicon, software, and systems. Suppliers and partners in the telecommunications and networking value chain face pressure to align with Nokia's accelerated decarbonisation timeline.

Suppliers should prepare to support Nokia's transition to renewables and align with its interim target to cut emissions 50% across Scopes 1, 2, and 3 by 2030. Partners should track Nokia's commitment to 100% renewable energy in its facilities by 2025 and its goal of 95% circularity by 2030 in operational waste. Given more than 95% of Nokia's emissions stem from product use, value chain participants should monitor energy-efficiency improvements in next-generation networks and silicon. Nokia is also examining credible carbon removal solutions to neutralise remaining emissions toward net zero.

Key figure — Net zero value chain emissions target: 2040 (accelerated from 2050)