Nokia 2010 Sustainability Report

Nokia's sustainability strategy is designed to address areas that are most material and relevant to Nokia's business and its stakeholders. The report describes seven areas of global challenges where Nokia can play the most significant role as part of a solution. These areas are economic development, employment, climate change and energy use, health, human rights and ethics, education as well as resource use and nature conservation. In the report Nokia outlines its strategy and achievements under each of these impact areas.

"Sustainability is embedded in everything we do at Nokia, from the way we operate to the way we design products to the way we deliver services.  By connecting more than 1.3 billion people around the world using Nokia phones, we also believe leadership calls for responsibility. As a result, sustainability is not a trend for Nokia, but rather it is our way of conducting business, which means encouraging sustainable development, supporting sustainable societies and enabling people to make sustainable choices," Stephen Elop, Nokia's CEO, states in the report.

The full report is available at http://www.nokia.com/corporate-responsibility/reporting.

Similarly to the previous report, the 2010 report also follows the guidelines of Global Reporting Initiative (GRI), a network-based organization that has pioneered the development of the world's most widely used sustainability reporting framework. A third-party GRI Application Level check has confirmed Nokia's self declaration that the report meets the requirements for GRI's Application Level A+, the highest level, indicating the wide extent of reporting.

Nokia has published corporate responsibility reports since 2002 and reports about its environmental activities since 1999. Key information about Nokia's sustainability is also integrated in Nokia's annual report on Form 20-F published in March 2011.