Nokia

Communications Equipment
NOK
$ 3.7 0.54
Share price
$ 21 bn
Market Cap
$ 19 bn
Enterprise Value

Carbon footprint

14 Ton
GHG emissions per $ 1 mln investment
0.4x the weighted average for S&P 500
FY2022
How is this calculated?
-26%
YOY change in GHG emissions
Stronger than the -0.8% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-3.6%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.5% weighted average for S&P 500
FY2023
How is this calculated?

Nokia aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Nokia's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Nokia's GHG emissions (market-based) (Kt of CO2e)
Nokia's Carbon intensity (Tons per 1 USDm)

Nokia's carbon footprint

Nokia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 259 Kt (-89 /-25.6% y-o-y). Also positively, carbon intensity decreased to 9.9 t (-3.3 /-25% y-o-y).

Nokia's Scope 3 emissions declined to 39,454 Kt (-1,181 /-2.9% y-o-y). The decline accelerated compared to the CAGR of -2.5% since 4Q'18.

The company is committed to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -1,418 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Company environmental metrics

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