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Nokia

Company Context​

Nokia is a Finnish multinational telecommunications and network technology company headquartered in Espoo, Finland. It provides wireless and fixed network infrastructure, 5G systems, and software platforms to telecom operators and enterprises worldwide. Nokia has committed to net-zero GHG emissions across Scopes 1, 2, and 3 by 2040, with SBTi-approved targets and a near-term goal of 50% absolute emissions reduction by 2030.

Climate Strategy and Role of CDR​

Nokia's decarbonisation strategy is led by emissions reductions — roughly 95% of its footprint comes from the use-phase energy consumption of its products by customers, making supply chain and product energy efficiency the primary levers. CDR is positioned to neutralise the residual emissions that cannot be eliminated through operational measures. Nokia explicitly aligns its CDR purchases to Oxford Principles Category V — the highest tier, requiring high permanence, measurability, and additionality — and launched its first CDR pilot projects in 2025.

What they have bought​

Nokia's first CDR purchases span three distinct removal methods: biomass direct storage, bioenergy with carbon capture and storage, and industrial waste mineralisation. The portfolio reflects a deliberate pilot approach across different technology pathways before scaling. Nokia's individual purchases are tracked and publicly available on the CDR.fyi Leaderboard (see company page on CDR.fyi).

What we can learn from their approach​

  • Quality-first procurement: By anchoring purchases to Oxford Principles Category V, Nokia sets a clear internal quality threshold — prioritising permanence and measurability over cost or volume
  • Pilot before scaling: Nokia's first CDR purchases are explicitly framed as a pilot, exploring multiple methods before committing to larger volumes — a pragmatic entry point for a company still in early stages of CDR procurement
  • Method diversification from day one: Even at pilot scale, Nokia spread purchases across three distinct CDR pathways, reflecting a portfolio approach to technology and delivery risk

Profile published on 20 April 2026, based on publicly available information.