Company Profiles

Nokia

Finland

Nokia is an international telecommunications company known for its mobile devices. The company believes in the potential of its services to reduce environmental impacts but also recognizes that "the choices of each individual influence the links between the emerging mobile information society and environmentally sustainable development." Nokia's environmental strategy is based on life-cycle analysis, with a focus on reducing environmental impacts associated with its products and activities. Throughout its design process the company considers energy efficiency, material efficiency, environmentally sound materials, ease of disassembly, and recyclability. For example, Nokia is piloting bioplastic housings on some of its mobile devices. Cell phones include an energy-saving reminder alert that notifies users when the device is fully charged. All Nokia's products are being produced without the use of polyvinyl chloride (PVC) and the company is phasing out other harmful substances such as brominated and chlorinated fire retardants. The company offers product take-back and recycling programs in over 80 countries, however, it still employs waste-to-energy as a means of recycling. Portfolio 21 expects to see Nokia increase its usage of recycled plastic in manufacturing and decrease its waste-to-energy processing.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 9/30/09 and may not reflect current opinions or subsequent events.