Nokia admits it is ‘not on track’ to meet 2030 target but bets on exponential decarbonisation
The telco is doubling down on climate commitments with a new goal to reach net zero by 2040.
Nokia has announced a new target to achieve net zero emissions by 2040, despite admitting that it is “not on track” to meet its 2030 science-based target to halve emissions across all scopes.
The telco is aiming to reduce greenhouse gas emissions by 50% by 2030 from a 2019 baseline – a target that was validated by the Science-Based Targets initiative in 2021. Its latest sustainability report shows that total Scope 1, Scope 2 market-based and Scope 3 emissions amounted to about 35.4 million tonnes in 2023 – 10.8% less than in 2019.
