Nokia EU Taxonomy disclosure

EU Taxonomy summary

57% of Nokia's revenues are EU Taxonomy eligible, with 3% also being Taxonomy aligned. 38% of Nokia's capital expenditures are EU Taxonomy eligible, with 0% also being Taxonomy aligned. Additionally, 66% of Nokia's operating expenses are EU Taxonomy eligible, with 0% also being Taxonomy aligned.

EU Taxonomy full disclosure

FY2024	Code	Value (EURm)	Proportion of total	CCM	CCA	WTR	PPC	CE	BIO	CCM DNSH	CCA DNSH	WTR DNSH	PPC DNSH	CE DNSH	BIO DNSH	Minimum safeguards	Previous year proportion	Category enabling activity	Category transitional activity
5.1 = Repair, refurbishment and remanufacturing	CE 5.1	552	3%	N	N	N	N	Y	N	Y	Y	Y	Y	Y	Y	Y	0%	E
Turnover of environmentally sustainable activities (Taxonomy-aligned) (A.1)		552	3%	0%	0%	0%	0%	100%	0%								0%
Of which enabling		552	3%	0%	0%	0%	0%	100%	0%								0%	E
Of which transitional		0	0%	0%													0%		T
8.2 = Data-driven solutions for GHG emissions reductions	CCM 8.2	1	0%	EL	N/EL	N/EL	N/EL	N/EL	N/EL								0%
1.2 = Manufacture of electrical and electronic equipment	CE 1.2	10,076	52%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								58%
4.1 = Provision of IT/OT data-driven solutions	CE 4.1	316	2%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								1%
5.1 = Repair, refurbishment and remanufacturing	CE 5.1		0%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								2%
5.2 = Sale of spare parts	CE 5.2	47	0%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								0%
5.4 = Sale of second-hand goods	CE 5.4	18	0%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								0%
Turnover of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)		10,458	54%	0%	0%	0%	0%	100%	0%								61%
A. Turnover of Taxonomy eligible activities (A.1+A.2)		11,010	57%	0%	0%	0%	0%	100%	0%								61%
Turnover of Taxonomy-non-eligible activities		8,210	43%
Total (A+B)		19,220	100%

FY2024	Code	Value (EURm)	Proportion of total	CCM	CCA	WTR	PPC	CE	BIO	CCM DNSH	CCA DNSH	WTR DNSH	PPC DNSH	CE DNSH	BIO DNSH	Minimum safeguards	Previous year proportion	Category enabling activity	Category transitional activity
5.1 = Repair, refurbishment and remanufacturing	CE 5.1	1	0%	N	N	N	N	Y	N	Y	Y	Y	Y	Y	Y	Y	0%	E
CapEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)		1	0%	0%	0%	0%	0%	0%	0%								0%
Of which enabling		1	0%	0%	0%	0%	0%	0%	0%								0%	E
Of which transitional		0	0%	0%													0%		T
6.5 = Transport by motorbikes, passenger cars and light commercial vehicles	CCM 6.5	33	5%	EL	N/EL	N/EL	N/EL	N/EL	N/EL								4%
7.3 = Installation, maintenance and repair of energy efficiency equipment	CCM 7.3	1	0%	EL	N/EL	N/EL	N/EL	N/EL	N/EL								0%
1.2 = Manufacture of electrical and electronic equipment	CE 1.2	199	32%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								47%
4.1 = Provision of IT/OT data-driven solutions	CE 4.1	3	1%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								0%
5.1 = Repair, refurbishment and remanufacturing	CE 5.1		0%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								1%
CapEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)		236	38%	13.158%	0%	0%	0%	86.842%	0%								52%
A. CapEx of Taxonomy eligible activities (A.1+A.2)		237	38%	13.158%	0%	0%	0%	86.842%	0%								52%
CapEx of Taxonomy-non-eligible activities		391	62%
Total (A+B)		628	100%

FY2024	Code	Value (EURm)	Proportion of total	CCM	CCA	WTR	PPC	CE	BIO	CCM DNSH	CCA DNSH	WTR DNSH	PPC DNSH	CE DNSH	BIO DNSH	Minimum safeguards	Previous year proportion	Category enabling activity	Category transitional activity
5.1 = Repair, refurbishment and remanufacturing	CE 5.1	1	0%	N	N	N	N	Y	N	Y	Y	Y	Y	Y	Y	Y	0%	E
OpEx of environmentally sustainable activities (Taxonomy-aligned) (A.1)		1	0%	0%	0%	0%	0%	0%	0%								0%
Of which enabling		1	0%	0%	0%	0%	0%	0%	0%								0%	E
Of which transitional		0	0%	0%													0%		T
9.1 = Close to market research, development and innovation	CCM 9.1	9	0%	EL	N/EL	N/EL	N/EL	N/EL	N/EL								0%
1.2 = Manufacture of electrical and electronic equipment	CE 1.2	2,519	63%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								63%
4.1 = Provision of IT/OT data-driven solutions	CE 4.1	126	3%	N/EL	N/EL	N/EL	N/EL	EL	N/EL								3%
2.4 = Remediation of contaminated sites and areas	PPC 2.4	7	0%	N/EL	N/EL	N/EL	EL	N/EL	N/EL								0%
OpEx of Taxonomy-eligible but not environmentally sustainable activities (not Taxonomy-aligned activities) (A.2)		2,661	66%	0%	0%	0%	0%	100%	0%								66%
A. OpEx of Taxonomy eligible activities (A.1+A.2)		2,662	66%	0%	0%	0%	0%	100%	0%								66%
OpEx of Taxonomy-non-eligible activities		1,369	34%
Total (A+B)		4,031	100%

Nokia

EU Taxonomy summary

EU Taxonomy full disclosure

Revenues

Capital expenditures

Operating expenses