Nokia Oyj is a Finnish multinational telecommunications and information technology corporation, founded in 1865 and headquartered in Espoo, Finland. It serves as a dominant player in the communication... Nokia Oyj is a Finnish multinational telecommunications and information technology corporation, founded in 1865 and headquartered in Espoo, Finland. It serves as a dominant player in the communication equipment sector, providing integrated mobile, fixed, cloud, and optical network solutions that power global connectivity from 2G to 5G technologies. Nokia Oyj's comprehensive portfolio includes radio access networks, IP routing, fiber-based infrastructure, submarine networks, and intellectual property licensing, balancing hardware, software, and recurring services for communication service providers, enterprises, and governments worldwide. With a geographically diverse revenue stream across the Americas, Europe, and Asia-Pacific, the company drives innovation in AI-native networks, 6G, and data center expansion. Effective January 2026, Nokia Oyj reorganized into two primary segments—Network Infrastructure and Mobile Infrastructure—plus Portfolio Businesses, to align with AI-driven demand and enhance operational focus. Renowned for its role in developing GSM, 3G, LTE standards, and as the third-largest network equipment manufacturer, Nokia Oyj continues to shape the telecom landscape through technological leadership and strategic adaptability.
In 2024, Nokia was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Nokia has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Nokia are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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5.1 CE - Repair, refurbishment and remanufacturing
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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2024
2023
2022
2021 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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c
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Limited Data Preview
You are viewing a limited preview of Nokia’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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a. Nokia's Annual Report 2024
b. Nokia's Annual Report 2023
c. Nokia's Annual Report 2022
Insights into Nokia's Revenues from Sustainable Activities
In 2024, Nokia reported EU Taxonomy-eligible revenues of EUR 11.01 billion, representing 57% of its total turnover. Of this amount, EUR 552.00 million of Nokia's revenues was classified as EU Taxonomy-aligned, indicating that 3% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
How much of Nokia's revenue is eligible under the EU Taxonomy?
In 2024, Nokia reported that EUR 11.01 billion of its revenue was eligible under the EU Taxonomy, representing 57% of the company's total turnover. Of this amount, EUR 552.00 million (3% of total revenue) was classified as Taxonomy-aligned. This means that 54% of Nokia's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Nokia's eligible revenue is aligned with the EU Taxonomy?
In 2024, Nokia reported that EUR 552.00 million of its revenue was aligned under the EU Taxonomy, representing 3% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Nokia's Eligibility & Alignment Overview
Nokia's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Nokia's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Nokia reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 3%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Nokia earn from selling climate-related solutions ?
In 2024, Nokia reported that EUR 0 of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0% of the company's total revenue,indicating that Nokiahas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Nokia's CAPEX from Sustainable Activities
In 2024, Nokia reported EU Taxonomy-eligible CAPEX of EUR 237.00 million,representing 38% of its total CAPEX. Of this amount, EUR 1.00 million of Nokia's CAPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Nokia's Contribution to Environmental Objectives
How is Nokia's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Nokia reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Nokia is investing in climate-related solutions?
In 2024, Nokia allocated EUR 0 of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total capital expenditure,indicating that Nokiahas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Nokia's OPEX from Sustainable Activities
In 2024, Nokia reported EU Taxonomy-eligible OPEX of EUR 2.66 billion,representing 66% of its total operating expenses (OPEX). Of this amount, EUR 1.00 million of Nokia's OPEX was classified as EU Taxonomy-aligned, indicating that 0% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Nokia's Contribution to Environmental Objectives
How is Nokia's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Nokia reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Nokia's operational budget supports climate-related solutions?
In 2024, Nokia allocated EUR 0 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0% of the company's total OPEX,indicating that Nokiahas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
b
b
a
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c