We take various measures to reduce the size of our carbon footprint and offset the rest of our emissions. In 2024, we reduced our CO₂ emissions, i.e. reduced the size of our carbon footprint, by 28% compared to 2023.

Going forward, we also strive to increase the size of our carbon handprint. The carbon handprint is a measure of how much positive climate impact can be achieved by using a product, process or service. When a company generates a carbon handprint for its customer, the customer can reduce their own carbon footprint.

Our measures for reducing our carbon footprint

We strive to reduce our carbon footprint with a wide variety of measures.

We electrify our district heating and utilise surplus heat. In 2023, we built our first electric boiler for the production of district heat at the Laanila power plant area, with a capacity of 40 MW. Another 60 MW electric boiler will be completed in the Toppila power plant area in 2025. At the end of 2024, we completed construction of an energy centre in Linnanmaa, Oulu. It generates the cooling required for Nokia's operations, and the waste heat produced is used in Oulun Energia's district heating network.

We are increasing the share of renewable woody biomass and reducing reliance on combustion by developing flexibility solutions. We are also improving our energy efficiency. Some concrete steps we took in 2024 included switching the invoicing basis of our district heating fixed fee to metered water flow. This provides our corporate customers the opportunity to have an impact on the energy efficiency of the district heating network with their consumption behaviour and enjoy a lower fixed fee as a result of their efforts. We have also initiated a project to optimise the temperature of our district heating supply water. In energy production, we are replacing peat with particular focus on wood fuel and Solid Recovered Fuel (SRF). However, phasing out peat will also require significant investments to energy solutions other than those based on combustion.

Our measures for increasing our carbon handprint

We are in the process of developing the production of recycled materials. In Hyvinkää, our subsidiary Syklo Oy is building the largest plastic recycling and biocomposite plant in Finland. Recycled products from the plants replace virgin plastics, helping reduce the carbon footprint of plastic durables and packaging for our customers.

We reduce the CO₂ emissions of our heating with our Onni district heat product which is produced from 100% renewable energy sources. New type of energy solutions designed together with our customers, such as the Linnanmaa energy centre built in connection with Nokia's smart campus, not only reduce our carbon dioxide emissions but also our customers' carbon footprint.

Our plans also include reducing CO₂ emissions from industry and transportation. In the future, end products generated at the planned hydrogen plant in Laanila can be used to replace fossil fuels in road, maritime and air transport on a large scale. Carbon dioxide captured from the plants can be utilised at the hydrogen plant.

We will replace fossil fuels with renewable wood fuel and particularly increase our wind and solar power production. In 2024, the share of renewable energy sources in our electricity and heat production reached 77%.