Nokia is the world leader in mobility, driving the transformation and growth of the converging internet and communications industries. We make a wide range of mobile devices with services and software that enable people to experience music, navigation, video, television, imaging, games, business mobility and more. Developing and growing our offering of consumer Internet services, as well as our enterprise solutions and software, is a key area of focus. We also provide equipment, solutions and services for communications networks through Nokia Siemens Networks.

In 2007, Nokia's net sales were EUR 51.1 billion and operating profit was EUR 8.0 billion. At the end of 2007, we employed more than 112,000 people; had production facilities for mobile devices and network infrastructure around the world; sales in more than 150 countries; and a global network of sales, customer service and other operational units.

Corporate responsibility

Corporate responsibility is fundamental to Nokia’s business, brand and culture. Nokia aims to set the standards for the industry through initiatives that not only make a positive impact, but also make good business sense. The Nokia Code of Conduct commits us to uphold the principles of the Universal Declaration of Human Rights, the International Labor Organization and the Global Compact.

Communications is a relatively "clean" industry. It is not a high energy user, does not generate substantial pollution, and does not endanger people or communities. But a responsible business needs to address its impacts and aim to make a positive contribution wherever possible.

Environmental issues have been our main priority in 2007. Climate change is a serious threat which requires everyone to contribute to building a low carbon economy. We believe that strong, early action is necessary and that we have an opportunity to make a contribution to tackling climate change beyond the impact of our operations and our products. Our environmental strategy sees Nokia among the world’s leading companies for all aspects of environmental performance, with three priorities: energy efficiency, managing substances in our products, take-back and recycling.

We are also conscious of the need to achieve high standards in our supply chain as well as in our own factories. We seek to provide customers with accessible products that meet their needs and to trade with them responsibly. Above all, we aim to make a positive contribution to society at the local and global level. See Key Issues for information on how we identify our most important impacts.

Values

The Nokia Way defines our core values, which underpin the way we work and support our efforts to maximize our positive impacts and minimize any negatives. We refined the values in 2007 to reflect changes to our business, engaging employees to define what it means to work at Nokia. The result represents an evolution of the previous Nokia values, reflecting the evolution of our business:

• Achieving together – expands our old value of Achievement, reflecting that we increasingly work in networks.
• Very Human – builds on our previous value of Respect.
• Engaging You – all our stakeholders, not just customers.
• Passion for Innovation – more vigorous than our previous value of Renewal.