GlobalData offers a comprehensive analysis of Ericsson, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Ericsson’s ESG performance. GlobalData’s company profile on Ericsson offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.

Ericsson, a telecommunications company, has set a target for net zero across the value chain by 2040, aiming for a 50% reduction in emissions by 2030. In 2022, the company has made progress, achieving an 8% reduction toward its goal of 50% emissions reduction by 2030 (baseline 2020) while it achieved 60% reduction towards its goal of reducing scope 1, 2 and scope 3 business travel and downstream transportation emissions by 35% (baseline 2016).

Ericsson has taken steps to reduce its emissions and achieve its net-zero targets. The company is part of the Science Based Target initiative (SBTi), which promotes best practices in emissions reductions and net-zero targets aligned with climate science. The company aims to reduce its emissions primarily by implementing emission reduction measures and utilizing carbon capture, removal, and storage technologies.

Ericsson is engaging with high-emitting and strategic suppliers to address emissions in the supply chain. It has created training programs for sourcing employees to guide suppliers in driving climate action. Additionally, Ericsson advocates for the benefits of digitalization and 5G in the transition to a net-zero future.

In summary, Ericsson has committed to net-zero targets, demonstrating a proactive stance in mitigating its greenhouse gas (GHG) emissions. The company has made substantial progress in working towards these targets, achieving noteworthy reductions in emissions across scope 1, scope 2, and scope 3 categories. Ericsson's comprehensive approach involves active engagement with suppliers, strategic investments in emission reduction measures, and advocacy for the advantages of digitalization and 5G in facilitating the transition towards a net-zero economy.

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