Science–based emissions targets for Nokia and KONE

Ecofys set science-based emissions targets for two large Finnish companies: network infrastructure, software and technology company Nokia, and elevator and escalator producer KONE. Ecofys helped the companies to understand the implications of a 2°C scenario for their key activities, and applied the Sectoral Decarbonization Approach (SDA) to set emissions targets in line with that scenario. The methodology had been developed by Ecofys for the Science Based Targets initiative of CDP, UN Global Compact, WRI and WWF. The companies use the targets as an input in their target-setting process and for understanding their role in the energy transition.

Additionally, Ecofys drafted a high-level public report for Sitra about the importance, methodology, process and benefits of aligning corporate emissions with climate science, using the studies for Nokia and KONE as examples. Ecofys presented the findings and lessons learned from the project in Helsinki to the Climate Leadership Council, a group of frontrunner companies in the field of climate change. With the report and presentation Sitra aims to help Finnish industries in achieving a competitive advantage by finding their path to carbon neutrality.

“Testing this new methodology was interesting. A method that is based on scientific facts and can be applied in various industries helps companies set meaningful long-term reduction targets for greenhouse gas emissions.”
Pia Tanskanen, Head of Environment at Nokia

“We are delighted to be among the forerunners of industrial companies in testing this new method. We found SBT provided us with useful insight into the role of climate science in setting long-term carbon reduction targets.”
Hanna Uusitalo, Environmental Director
at KONE

For more information on science-based targets, please visit: sciencebasedtargets.org