Nokia, a Finnish manufacturer of telecom equipment, stated that by becoming involved early in standards and environment creation, the business is trying to increase the energy efficiency of both 5G-Advanced and the next-generation innovation, 6G. Nokia anticipates the commercial debut of 6G in 2030, which corresponds to the 10-year gap across stages. Phase 1 of the standardisation process is anticipated to begin as part of 3GPP Release 20 in 2026.
The ESG Strategy Is Based on Five Key Target Area
This news is a part of Nokia's enlarged and enhanced environmental, Social and Governance (ESG) strategy, which was released on Monday. The goal of the plan is to make sure that sustainability is a key component of how the firm produces technology.
The manufacturer of telecom equipment claimed that its ESG approach is based on five strategic emphasis areas, where Nokia hopes to stand out and produce real environmental and social advantages. Based on a statement, these include the environment (including climate change and circularity), industrial digitalisation, security & privacy, bridging the digital divide, and responsible business.
Significantly, Nokia stated in Security and Privacy that it is speeding up its security offering and striving to provide a uniform security baseline for products and services. Here, security is incorporated into the product life cycle from the very beginning using the Design for Security technique.
Its Swedish rival, Ericsson, secured a $2 billion sustainability-linked revolving credit line in September 2021 with the intention of becoming carbon neutral across all of its activities by 2030, while its partners will set climate goals that are consistent with 1.5 degrees Celsius.
Nokia stated that it aspires to be the leader in energy efficiency within the Environment emphasis area by expanding on its silicon, software, and processes and further utilising possibilities to optimise throughout the network with energy orchestration and green operations. Nokia focuses on hardware circularity, both in terms of the utilisation of recycled materials in its own devices and the refurbishing and recycling of goods after they are removed from customers' networks.
The Finnish corporation called for quicker modernisation and the adoption of green energy last year and stated that its goal is to use 100% renewable electricity in its own activities by 2025. As per Nicole Robertson, VP, ESG at Nokia, the barrier between purpose and profit is eroding, and organisations are striving to discover the best ESG strategies to offer meaningful impact to social concerns and generate value development.