Nokia has been recognized as one of the 2020 World’s Most Ethical Companies by Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
This recognition reflects the work undertaken at Nokia to reinforce ethical behaviour at all levels of the business, and promote high standards of corporate governance.
“It is a great honour to be recognized once again as one of the World’s Most Ethical Companies. Our reputation is built on more than 150 years of trustworthiness and ethical business practices. This award is due to the hard work and commitment of the entire Nokia team, who ensure we put our values of trust, integrity, and social and environmental responsibility into everything we do,” said Rajeev Suri, President and CEO, Nokia.
Nokia has been recognized four times overall, with three consecutive wins since 2018. It is one of only three honorees in the telecommunications industry and the only company in Finland to be included in 2020. In total, 132 honorees were recognized, spanning 21 countries and 51 industries.
“Nokia is one of just three telecom companies to make the list, highlighting how much the company is doing to enhance ethical business practices in the sector”, said Ethisphere’s Chief Executive Officer, Timothy Erblich. “Congratulations to everyone at Nokia for earning this recognition.”
Nokia is committed to being an industry leader on governance, corporate responsibility and compliance. Key elements of its compliance program include a focus on early identification and proactive mitigation of regulatory and corruption risks associated with products, services, and go-to-market strategy; continual assessments and enhancements of programs and processes to reduce inefficiencies and strengthen compliance oversight, and multiple avenues open to employees to voice and report concerns in an open-reporting environment with a strict non-retaliation policy.