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Nokia Oyj

ISIN: FI0009000681 | Finland | Europe
Score 3 - Strong
Full assessment

Nokia discloses a structured process that seeks to keep both its direct and indirect policy engagement aligned with its climate goals. The company states that "Nokia's Government Affairs (GA) team and ESG team belong to the same organization and work regularly together" and that they hold "a standing monthly alignment meeting to assess political and regulatory developments around ESG (including climate) and Nokia's advocacy related to them," providing a clear, recurring mechanism for managing its own lobbying positions. For trade-association activity, the company reports that the "GR team is centrally coordinating Nokia representation in the associations. This central coordination ensures consistency in messaging," showing that indirect lobbying is subject to the same alignment checks. Oversight responsibility is assigned at senior levels: "Internal councils and committees, such as the Sustainability council, are used to steer, align and ensure the implementation of these strategies... In 2023, the Sustainability council was managed by the Vice President of Sustainability, who reports to the Chief Corporate Affairs Officer," while "The Board oversees the overall sustainability and climate related strategies, and reviews the materiality matrix which includes climate-related topics." Governance is reinforced through mandatory annual "Ethical Business Training for all employees" built around the Code of Conduct, and the company asserts that "all our policy engagements are consistent with the company's overall sustainability strategy." These disclosures indicate strong governance covering both direct and indirect lobbying and naming accountable bodies, yet the company does not disclose a dedicated climate-lobbying alignment report or specific examples of reviewing, correcting, or exiting associations whose positions conflict with its climate policy, limiting transparency on the effectiveness of the process.

This assessment is part of the Lobbying Governance Index, covering 8,500 companies scored on whether they have processes to oversee their climate lobbying. See all companies in Europe or all companies in Finland.