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Ericsson CEO: telecom instrumental to carbon-lean society
Ericsson (NASDAQ:ERIC) believes mass deployment of broadband networks can accelerate the shift from physical to virtual infrastructure and services, contributing to the creation of a low-carbon economy. "We would like to see ICT and telecom on the agenda for the global climate negotiations in Copenhagen later this year," says Ericsson President and CEO Carl-Henric Svanberg. The annual Corporate Responsibility and Sustainability Report, released today, highlights Ericsson's ongoing efforts to solve environmental challenges and bring about long-term economic and social change.
Ericsson exceeded its targets for cutting energy use and continued its commitment to improving lives using telecommunications in 2008. Carl-Henric Svanberg says: "During 2008, our technology has been used around the globe to reduce energy consumption and the corresponding CO2 emissions, demonstrating our firm belief that telecommunications is both an essential part of the equation in solving global climate change and critical to the development of more carbon-lean societies.
"At the same time, we have shown that our technology has the power to change lives. We have played a crucial role in bringing telecommunications to the poorest of the poor in sub-Saharan Africa, by harnessing the power of telecommunications as a tool for accessing basic services and information and improving people's lives." The report highlights Ericsson's continued focus on creating and delivering solutions, products and services that optimize energy use, thereby reducing energy consumption and CO2 emissions. Ericsson again exceeded its annual targets, some of the most aggressive in the industry, for improving the energy efficiency of both GSM and WCDMA radio base stations.
With its innovative technology, Ericsson is playing a leading role in enabling a carbon-lean society. In 2008, Ericsson set its first Group-level carbon footprint target, aiming for a 40 percent reduction over five years, and starting with a 10 percent reduction in 2009.
As part of Ericsson's vision of making communication affordable and accessible to all, the company provided telecom infrastructure, mobile applications and expertise to connect half a million people as part of the Millennium Villages project. Sixty percent of the villages have now been connected, covering 55 percent of the Millennium Villages population. Ericsson has similar connectivity initiatives around the world, and these are described in the report.
Ericsson established its Mobile Innovation Center, with hubs in Nigeria, South Africa and Kenya, to develop mobile applications that meet the needs of sub-Saharan populations, including the rural poor. The innovation center focuses on solutions for healthcare, education, agriculture and small-business development, as well as weather data, and is in line with Ericsson's support for the Millennium Development Goals.
The report also includes details on the performance of Ericsson's risk-based approach to monitoring compliance with its Supplier Code of Conduct. The Code ensures that suppliers understand and meet Ericsson's requirements for environmental and social standards, and reflects the company's commitment to being an agent of change.
The printed version of the report is complemented by a more extensive online version, where all key performance indicators, as well as Global Reporting Initiative (GRI) G3-related information, are available. The 2008 Corporate Responsibility and Sustainability Report has been independently verified by Det Norske Veritas.
Notes to editors: The online version is available at: www.ericssson.com/corporate_responsibility
Ericsson named "greenest" in China: www.ericsson.com/ericsson/news/archive/2009/090428_green_china.shtml
Ericsson is listed among the 2009 Global 100 Most Sustainable Corporations, as well as being recognized in Sustainable Asset Management's Sustainability Yearbook as a Gold Class Member and Sector Mover. The FTSE4Good ranks Ericsson among the 10 best global environmental performers. Please visit www.ericssson.com/corporate_responsibility for more information.
Carl-Henric Svanberg and Jeffrey Sachs' video comments on sustainability are available at Ericsson's broadcast room: www.ericsson.com/broadcast_room Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 250 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27 billion (SEK 209 billion) in 2008. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
For more information, visit www.ericsson.com or www.ericsson.mobi.
FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Corporate Public & Media Relations Phone: +46 10719 69 92 E-mail: email@example.com
About the Millennium Villages project The Millennium Villages project is a partnership between the Earth Institute, Millennium Promise and the United Nations Development Program, providing an innovative model to help rural African communities lift themselves out of poverty. The project forms part of the initiative for rural Africa to achieve the Millennium Development Goals, global targets for reducing extreme poverty by half and improving education, health, gender equality and environmental sustainability by 2015.
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