By Dominic ChoppingNokia committed to reducing its total global greenhouse gas emissions to net zero by 2040, accelerating its previous target by 10 years, it said. The new target also puts it ahead of the Paris Agreement target of net zero by 2050. The Finnish network gear maker said it will also double down on its existing near-term target. Having already committed to halving its greenhouse gas emissions across Scope 1,2 and 3 by 2030 from a 2019 baseline, it will further accelerate the decarbonization of its own operations, it said Monday. Scope 1 emissions relate to emissions that a company creates directly, scope 2 to indirect emissions, mostly from purchased electricity, while scope 3 relates to all emissions that the company is indirectly responsible for.

Source: Wall Street Journal February 26, 2024 13:17 UTC