Nokia

Communications Equipment
NOK
$ 4.8 0.63
Share price
$ 27 bn
Market Cap
$ 23 bn
Enterprise Value

Carbon footprint

15 Ton
GHG emissions per $ 1 mln investment
0.53x the weighted average for S&P 500
FY2021
How is this calculated?
-8.2%
YOY change in GHG emissions
In line with the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-5.7%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Nokia aims to reduce all Scopes by 50% by 2030 from a base year 2019


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 2021 at 349 Kt (-31 /-8.2% y-o-y). Also positively, carbon intensity declined to 13 t (-1.6 /-10.8% y-o-y).

Nokia's Scope 3 emissions jumped to 40,635 Kt (+5,040/+14% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing all Scopes by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -2,347 Kt per annum over the period of FY2022 - FY2030. 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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