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Nokia announced it has been chosen as one of the “World’s Most Ethical Companies®” by Ethisphere. In 2023, 135 honorees were recognized spanning 19 countries and 46 industries. Nokia is one of two winners in the telecommunications industry and the only Finnish company to be honored.

This award distinguishes Nokia for its strong business ethics, governance and sustainability practices.

Esa Niinimäki, Chief Legal Officer of Nokia, said: “As part of our renewed company strategy, we want to be the trusted provider of choice in our industry and draw on our ESG approach as a competitive advantage for Nokia. This award recognizes the commitment of our leaders, employees and partners to operating with the highest standards of business ethics.”  

In 2022, Nokia announced an enhanced ESG strategy that has been designed to maximize Nokia’s impact where its technology, solutions and capabilities combine to address some of the biggest global challenges and create value. Among the five key pillars of the ESG strategy is Nokia’s commitment to continue to take a proactive and values-driven approach in driving responsible business practices internally and in its value chain, working closely with customers and suppliers to engage on systemic issues related to environment, mitigating the misuse of technology (for example, in responsible use of AI), ethics, human rights and working conditions.

Erica Salmon Byrne, CEO of Ethisphere, said: “Ethics matters. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance. We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to Nokia for earning a place in the World’s Most Ethical Companies community.”

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

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