Company Profiles

Nokia

Finland

As an international telecommunications company, Nokia wants to "play a key role in creating a sustainable mobile information society." 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's new cell phone chargers do not contain PVC and have energy demands far below the Energy Star requirements. Additionally, new cell phones now include an energy-saving reminder alert that notifies users when a mobile device is fully charged. Nokia offers product take back and recycling programs in over 80 countries, however, Portfolio 21 does not consider waste-to-energy to be recycling. We have asked Nokia to increase the use of recycled plastic in its manufacturing.

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 12/30/07 and may not reflect current opinions or subsequent events.