Nokia commits to net zero greenhouse gas emissions by 2040 #MWC24
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Monday, February 26, 2024
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Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.
Key Points:
- Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.
- Pekka Lundmark, President and CEO of Nokia, said: “Our new emission reduction targets show that net zero is a business priority for Nokia.
- Net zero: Net zero refers to a reduction of 90% in greenhouse gas emissions to as close to zero as possible, with a maximum of up to 10% remaining hard-to-abate emissions being neutralized through carbon removals.
- To limit global warming to 1.5°C, greenhouse gas emissions must by halved by 2030 and reach net zero by 2050.