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New level of transparency in Corporate Responsibility reporting from Nokia Siemens Networks

Thursday, June 3, 2010

Nokia Siemens Networks published its 2009 Corporate Responsibility report. The report provides a new level of transparency over its performance with respect to social, economic and environmental accountability. The report contains detailed facts, figures, stories and background across a range of corporate responsibility topics.

The report covers the environmental impact of the company’s business, products and services. Its initiatives include the telecoms industry's most comprehensive energy solutions offering, and a number of new partnerships to address opportunities in the energy sector. Nokia Siemens Networks calculated its total CO2 output as 0.907 million tonnes in 2009, a year-on-year decrease. The data shows that Nokia Siemens Networks is on target or ahead on its rigorous environmental targets, which are set and monitored within the WWF Climate Savers program.

“We are keen to play our part in helping limit the world's consumption of non-renewable energy resources and output of CO2,” said Rajeev Suri, Nokia Siemens Networks’ CEO. “Environmental responsibility is good business. Our work in the energy sector opens new and exciting avenues for us to reach our long-term goal of having a net positive impact on the environment, countering not only our own emissions but also helping other industries become more energy efficient.”

Other areas covered by the report include:

* Ethics and compliance: 82% of company employees completed the annual ethics training, up from 50% the previous year. The company conducted 137 internal investigations relating to ethics and compliance, leading to varying disciplinary actions, including termination of employment
* In the area of Health and Safety the company received recognition for its focus on high risk areas, such as safety regarding the construction of mobile network towers. The company received the Vodafone Health and Safety Award and the National Zero Accidents Award in Indonesia for 10 million working hours without accident – the first telecom infrastructure company ever to win this award.

* The report also focuses on Nokia Siemens Networks as an employer. In general the company has made good progress towards meeting its targets to provide every employee with a personal development plan. In common with other companies across the world, Nokia Siemens Networks felt the effect of the economic downturn in 2009. The company's response included a restructuring plan that saw involuntary redundancy for around 4,000 people.

* Nokia Siemens Networks increased the amount of supplier audits, conducting 147 audits against its supplier requirements in 2009. Overall, the company’s suppliers rate it above its competitors in its requirements on ethics and environment.

* In 2009 the company was in the headlines as a result of its business in Iran. The discussion that ensued highlighted the issue of privacy of communications in public networks. The report gives background to the related technologies and comments on the specific issues related to its dealings in Iran.

Nokia Siemens Networks directly consulted key stakeholders – selected customers, employees and non-governmental organizations - about their expectations for the content of its 2009 Corporate Responsibility report. The report answers the requests for more disclosure of data, increased transparency on sensitive issues and more information regarding environmental performance. The company plans to continue open discussion with these stakeholders to improve both its performance and its reporting of corporate responsibility. Nokia Siemens Networks welcomes the comments of all interested parties on its blog.

The full report, plus an executive summary, is available on the Nokia Siemens Networks website.



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