Nokia definitely takes its sustainability responsibilities very seriously, but don’t just take our word for it.
Nokia is one of the world’s top 10 companies when it comes to climate change disclosure and performance, says a new report from the Carbon Disclosure Project (CDP), and Nokia has also been included on the Dow Jones Sustainability indexes for 2012/2013..
CDP Climate Change Report 2012
The CDP is an independent and non-profit organisation that works to reduce carbon emissions and to promote sustainability by corporations and cities.
They provide an annual report, overseen by the professional services firm PwC, which provides an update on the climate change strategies at the world’s largest corporations.
This year’s CDP 500 Climate Change Report is issued on behalf of 655 institutional investors who represent $78 trillion in assets. That’s a lot of money and, it would appear, that the global boardrooms are starting to take notice.
It has found a substantial increase year on year in companies that are integrating climate change into their business strategies (2012: 78%, 2011: 68%).
This has amounted to real action. Corporate greenhouse emissions has fallen from 3.6 billion metric tonnes in 2009 to 3.1 metric billion tonnes in 2012. This is the equivalent to taking 138 million cars off the world’s roads. However, a third of companies (31%) reported no emissions reductions at all.
Sustainability at Nokia
Nokia is a company that is well known for its sustainable practices. You can read a Conversations post on its latest sustainability report here.
The philosophy of being a sustainable company doesn’t just exist at a boardroom level but runs through Nokia’s entire manufacturing and design process.
The CDP report praised companies for ‘improving their climate accountability, achieving higher average disclosure scores year-on-year’. Nokia was one of these companies.
Also, in terms of climate performance, the leading companies were found to think long term about climate change strategy and investing in activities that reduce their emissions. On this score, Nokia achieved the top A rating.
When combining, the climate disclosure and performance criteria, the CDP report was able to compile the world’s top 10 companies, which included Nokia. See the full list on the CDP website.
The Dow Jones Sustainability Indexes
More good news for Nokia’s sustainability performance came in the form of the 2012/2013 Dow Jones Sustainability Index ranking, which was published today. Taking a holistic view to sustainability, the Dow Jones Sustainability Indexes are based on an in-depth analysis of corporate economic, environmental and social performance.
Nokia has improved its score from last year and is now in joint-second place, of the 21 communications and technology companies on the list.
Of all the communications technology companies only 21 have been selected to this list, and Nokia, is in shared second place together with Cisco Systems and Motorola Solutions behind the sector leader, Alcatel-Lucent.
Nokia has been included in the Dow Jones Sustainability Indexes since the year after its launch, for 13 consecutive years. The 2012/2013 indexes comprises 340 global companies.
image credit: nattu
