Telecom
Nokia Commits to Net Zero Greenhouse Gas Emissions by 2040
Nokia has announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.
Nokia will also double down on its existing near-term, or 2030, target.
Having already committed to halving its GHG emissions across Scope 1,2 and 3 by 2030 from a 2019 baseline, it announced it will further accelerate the decarbonization of its own operations.
Pekka Lundmark, President and CEO of Nokia, said: “Our new emission reduction targets show that net zero is a business priority for Nokia. We already help our telecoms customers to decarbonize by building sustainable, high-performance networks, and we work with a rapidly growing range of enterprise partners to reduce emissions and improve productivity. That journey will only accelerate, as Nokia launches more energy efficient solutions in next generation mobile, fixed, IP and optical networks and in software, silicon and systems. By committing to net zero by 2040 we build on our previous climate targets as we look to create technology that helps the world act together.”
Nokia was the first telecoms vendor to have its 2030 Science Based Target (SBT) validated by the SBTi in 2017 and was among the first 100 companies across all sectors to do so.
It recalibrated its near-term targets in 2021 in line with a 1.5°C warming scenario, committing to reduce its greenhouse gas emissions by 50% by 2030 from a 2019 baseline. This target implied that Nokia would reach net zero by 2050.
With the announcement Nokia reiterates its existing near-term target to reduce its greenhouse gas emissions by 50% across its value chain (Scopes 1, 2 and 3), accelerates the decarbonization of its own operations (Scopes 1 and 2) as part of its near-term targets with complete decarbonization its car fleet and facilities, and explicitly sets a new long-term target to reach net zero by 2040 (Scopes 1, 2 and 3) by 2040.
To ensure its new long-term target aligns with climate science, Nokia has submitted its net-zero letter of commitment to the Science Based Targets initiative (SBTi), a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).
Nokia has also defined a net-zero pathway that will help it reduce emissions across its value chain. Key levers in the net-zero pathway include:
Product design and innovation: With more than 95% of emissions resulting from products in use, Nokia continues to improve the energy efficiency of its products and solutions.
Achieved a 50% reduction in the average power consumption of 5G mMIMO Base stations by 2023 from 2019 baseline.
Introduced the Quillion chipset, which can help reduce power consumption for broadband access products with 50% less power needed in fiber installations than previous generations.
Its FP5 network processor offers a 75% reduction in power consumption compared to its previous generation.
Its latest optical network technology, the PSE-6s, can reduce network power consumption per bit in optical transport by up to 40% compared to the PSE V.
Low-carbon electricity: Nokia is committed to using 100% renewable electricity in its own facilities by 2025 and is working with its supply chain as it transitions to renewables.
Already achieved 63% renewable electricity in its own facilities in 2022.
It uses a mix of on-site solar, Power Purchase Agreements, renewable electricity products directly obtained from an energy supplier, and renewable electricity certificates to procure the renewable electricity.
Energy and material efficiency: Nokia aims to achieve 95% circularity by 2030 in relation to operational waste (waste from offices, labs, manufacturing, installation, and product takeback), driving actions to reduce landfilling.
In 2023, Nokia announced it would reduce packaging waste for its Fixed Networks Lightspan portfolio. This will lead to a 60% decrease in packaging size and a 44% reduction in the overall weight.
Carbon removals: Credible, permanent carbon removals and storage may be required to neutralize some residual emissions to reach net zero.
Nokia is examining credible solutions for carbon removals to support long-term net-zero targets.
Nokia is one of the few telecommunications vendors with its own fleet of marine vessels, playing a vital role in laying the cables that connect continents. Currently, Nokia-owned Alcatel Submarine Networks (ASN) has an installed base of more than 650,000 km of optical submarine systems deployed worldwide, enough to circumnavigate the globe 15 times. With marine fleets globally still largely reliant on fossil fuels, this presents a unique challenge for decarbonizing Nokia’s Scope 1 emissions. Nokia is targeting marine fleet emission reductions aligned with the International Maritime Organization decarbonization pathway and has already invested in more efficient vessels and trialed the use of biofuels to reduce emissions.
Telecom
MoMo PSB, LSSBI Advisory Partner for Seamless Tax Payments
MoMo PSB has announced a partnership with Leadership Strategy Sustainability Business Innovation (LSSBI) Advisory to enhance financial inclusion and streamline tax payments in Ekiti, Nasarawa, and Rivers states.
This collaboration introduces MoMo as the official payment platform for taxpayers, enabling easy and convenient payments via the USSD code *5229#.
Nigeria CommunicationsWeek report that the partnership aims to boost compliance, drive revenue development, and promote financial autonomy for marginalised communities. Key stakeholders highlighted the significance of this collaboration in closing the financial gap and promoting economic growth.
Read Also: MTN Nigeria takes full control of MoMo bank for $4.6m
With this initiative, MoMo PSB reaffirms its commitment to providing accessible and user-friendly financial services to all Nigerians, particularly the unbanked and underbanked populations.
The launch of the USSD code *5229# demonstrates MoMo PSB’s dedication to expanding financial inclusion and promoting digital payments.
Ekiti State officials lauded the partnership, commenting on the convenience of using the MoMo payment platform, while emphasising its potential to increase tax compliance and benefit local communities.
The collaboration is part of a broader initiative to empower citizens with financial autonomy, encourage saving, and promote responsible money management.
As the rollout begins in Ekiti, Rivers, and Nasarawa, MoMo PSB and LSSBI Advisory aim to expand the initiative nationwide, encouraging other states and private sector partners to explore similar collaborations, leveraging technology to improve access to financial services. This partnership marks a new era in tax payment solutions, prioritising efficiency, inclusivity, and financial empowerment for all Nigerians.
MoMo PSB, established in May 2022 as the fintech division of MTN, continues to focus on delivering user-friendly, accessible, and affordable financial services to both new and existing customers across Nigeria.
Telecom
Glo Introduces Instalment Payment Scheme for Purchase of Smartphones
Globacom has unveiled a new device acquisition scheme to enable Nigerians own smartphones and pay conveniently over several months. The scheme is dubbed: “Buy Now, Pay Small Small” and is available in Gloworld shops across the country.
The scheme aims to bridge the digital divide by enabling individuals and businesses have access to the latest smartphones and devices more conveniently. This, Globacom claims, will make customers more connected and more productive.
A press statement released by Globacom explained that it is offering flexible payment options to its customers so they can acquire devices of their choice and spread the cost of these new devices over several months through instalment payments that is manageable for them.
The scheme has a wide range of smartphones and other smart devices from top brands that customers can chose from.
This device financing is available to all new and existing Glo customers who can avail the benefits of the programme when purchasing new devices from Gloworld stores across Nigeria.
Moreover, customers can choose from various payment plans to suit their budget, with tenures of up to six months and special interest rates on all flagship devices.
Globacom said customers who purchase devices under the programme will also be given a data bonus of 18GB for six months, adding that it is focused on customer satisfaction, through ensuring a convenient system of smartphone acquisition for Nigerians.
Telecom
Here’s Your Last Chance to Secure Discounted Starlink Kits @ Konga
Starlink Week at Konga, an exceptional opportunity to acquire reliable satellite internet at a significantly discounted price, ends tomorrow, Saturday, August 31, 2024.
Nigeria CommunicationsWeek gathered that customers now have chance to secure a Starlink kit at an exceptional price and experience the transformative power of high-speed internet.
Throughout the week, Konga has been dedicated to making Starlink’s cutting-edge technology more accessible to Nigerians.
Read Also: Konga Announces Starlink Week: An Opportunity To Own High Speed Internet Kit
The e-commerce giant offered Starlink kits and accessories at reduced prices, along with perks that have made this offer hard to resist.
In addition to the unmatched prices, Konga included free nationwide delivery to ensure that customers from every corner of Nigeria benefited from this offer.
Konga also provided free same-day delivery in major cities like Lagos, Abuja, and Port Harcourt, ensuring that customers can start enjoying their Starlink experience almost immediately.
As Starlink Week draws to a close, this is the final call for those who still need to take advantage of this limited-time offer.
The discounted prices, combined with the exceptional delivery options, represent a rare opportunity to invest in a technology that has revolutionized internet accessibility across the globe.
Konga’s Starlink Week has been more than just a promotional event; it has been a gateway to connectivity, offering Nigerians a reliable solution to their internet needs.
Starlink provides the service you need to stay connected wherever you are in Nigeria.
Take advantage of this exclusive opportunity. Visit Konga.com today or walk into any of Konga’s retail stores to secure your Starlink kit before the campaign ends.
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