ESG
The global technology market is worth more than US $ 5tn . Every corner of modern life is reliant on tech and without it , sustainability would be an impossible goal .
The technology industry as a whole contributes to around 3 % of global emissions , a similar footprint size to aviation . Data centres , servers and devices all need to be powered . E-waste containing toxic substances like lead and arsenic is making its way into oceans and soil .
“ Irrespective of what AI does or where the world of devices moves , a safe assumption will be that going forward humans and machines will consume more and more data ,” says Subho Mukherjee , Vice President , Global Head of Sustainability at Nokia .
“ Our main focus is how we can decouple energy consumption from the data growth curve .”
US $ 6bn
Verizon ’ s green bonds issued since 2019
2040
Kyndryl ’ s net zero target
75 %
reduction of Nokia facilities ’ GHG emissions
NOKIA ’ S LEGACY
Nokia ’ s legacy of innovation began in 1865 . Its name comes from the town of Nokia near the Nokianvirta River in Finland where Co-Founder Fredrik Idestam built his second paper mill .
In 1902 , Nokia began generating electricity under the leadership of Co-Founder Leo Mechelin . The company was acquired by Finnish Rubber Works after the First World War who then also acquired Finnish Cable Works .
Bell Telephone Labs was created in 1925 to bring together the research and development activities with around 4,000 scientists , engineers and staff . Its research and innovations made changes around the world , from developing the understanding of volume and discovering the Big Bang to satellites and solid-state electronics . In 2016 , Nokia acquired Bell Labs ’ owner Alcatel- Lucent and renamed it Nokia Bell Labs . Nokia began venturing into mobile communications in the 1960s eventually leading to the creation of the Nokia 1100 . This became the best selling phone of all time with more than 250 million devices sold .
The company sold its mobile phone business to Microsoft in 2014 and changed its focus to digitalisation and communications . It is one of the biggest manufacturers of 5G infrastructure and continues to research and innovate new technologies , as well as licenses its patents . sustainabilitymag . com 123