STOCKHOLM, SWEDEN -- (Marketwired) -- 04/09/13 --
* Ericsson reached its five-year carbon footprint intensity target infour years, one year ahead of schedule
* Addressing mobile broadband coverage and demand expansion, Ericsson has complemented its portfolio with energy efficient solutions including:Psi-Coverage and Managed Rural Coverage
* Milestones reported for Technology for Good initiatives, contributingto affordability and accessibility of mobile communications
* Strengthened commitment to responsible business practices, with focuson human rights and anti-corruption
In its Sustainability and Corporate Responsibility report 2012, Ericsson(NASDAQ: ERIC) summarizes the performance and achievements of its globalsustainability initiatives, which use connectivity to make a positivesocio-economic and environmental impact throughout the value chain.
Ericsson President and CEO Hans Vestberg says: "Many of the world's majorchallenges - such as urbanization, climate change, and poverty - couldbenefitfrom solutions offered by mobile broadband. Sustainability is a competitivedifferentiator and is high on our agenda, as well as that of our customers.Throughout the value chain and wherever we do business, we are creatingvaluefor ourselves and for our stakeholders by striving to be sustainable andresponsible in all that we do."
Ericsson has long been engaged in the global conversation on sustainabilityandcontinues its leadership in several bodies to further dialogue on the roleofInformation and Communications Technology and sustainable development.Vestbergis personally involved in the Broadband Commission for Digital Developmentwherehe led the working group on climate change, and recently agreed to chairtheCommission's task group on the post-2015 agenda and future SustainableDevelopment Goals. He is also a member of the Leadership Council of the UNSustainable Development Solutions Network, a multi-stakeholder initiativelaunched in 2012 by the UN Secretary-General.
Elaine Weidman-Grunewald, head of Sustainability and CorporateResponsibility,says: "Our aim is to make mobile communications more affordable andaccessible,as well as work to demonstrate the positive role of technology, where itcanshape low-carbon economies, increase access to education, and support otherhumanitarian issues such as refugees, peace and conflict resolution, anddisaster response."
In 2009, Ericsson set a five-year target to reduce its carbon footprintintensity by 40%. That goal has been reached within four years, largelythanksto systematic improvements across the portfolio and by improving productenergyefficiency, and focusing on Ericsson's own internal operations.
Weidman-Grunewald continues: "Achieving the target a year ahead of scheduleshows that we embrace the responsibility we hold as the industry leader, tocontinually raise the bar in our performance and offerings."
Corresponding improvements in 2012 include reduction in absolute emissionswithregard to business travel, down 16%; product transport, down 12%.
The Ericsson Mobility Report estimates that by 2017, 85% of the world'spopulation will have 3G coverage. To address the growing demand forcost-effective and energy-efficient build out of coverage, Ericsson offerssolutionsincluding: Psi coverage, which reduces power consumption by up to 40%; AIR,Antenna-Integrated Radio, a family of products that reduces energyconsumptionalso by 40%; and Managed Rural Coverage, which bundles a managed servicewith acost-efficient solar-powered 2G, 3G, or LTE mini-site solution, designed toconnect people in areas without voice and data communication.
The report describes in detail Ericsson's Technology for Good projects andthemilestones achieved in 2012. Connect To Learn, the global educationinitiative,has now been launched at 33 schools ranging from Brazil to Ghana. More than185,000 refugees are now registered on the Refugees United mobile platformtohelp re-connect missing family. Ericsson is the technology partner to thePeaceEarth Foundation, which launched its Youth Peacemaker Network inUganda andSouth Sudan.
The report covers Ericsson's strengthened focus on ways of conductingbusinessresponsibly. The Code of Business Ethics, summarizing the key grouppolicies anddirectives governing relationships in the company and with stakeholders,wasupdated in 2012 to reflect the new UN Guiding Principles for Business andHumanRights, and Ericsson's commitment to respect human rights throughout itsoperations. To support implementation of the principles, the companylaunched atwo-year business learning program on human rights. Ericsson has alsojoined theWorld Economic Forum Partnering Against Corruption Initiative (PACI).
Ericsson's first environmental report was published in 1993. Read the full2012report at www.ericsson.com/sustainability.
NOTES TO EDITORS
Weidman-Grunewald will join Vestberg onstage for the company's AnnualGeneralMeeting of Shareholders on April 9 in Kista, Sweden to launch the report.
Backgrounders on Technology For Good programs are available atwww.ericsson.com/press
Vodafone Egypt Tests Psi-Coverage Solution from Ericsson
Ericsson Mobility Report
Photos are shareable at www.flickr.com/ericsson_images
Download high-resolution photos and broadcast-quality video atwww.ericsson.com/press
Ericsson is a world-leading provider of communications technology andservices.We are enabling the Networked Society with efficient real-time solutionsthatallow us all to study, work and live our lives more freely, in sustainablesocieties around the world.
Our offering comprises services, software and infrastructure withinInformationand Communications Technology for telecom operators and other industries.Today40 percent of the world's mobile traffic goes through Ericsson networks andwesupport customers' networks servicing more than 2.5 billion subscriptions.
We are more than 110,000 people working with customers in more than 180countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden.In2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion).Ericssonis listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges.
20th Anniversary Sustainability Report from Ericsson:http://hugin.info/1061/R/1690977/555430.pdf
This announcement is distributed by Thomson Reuters on behalf ofThomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via Thomson Reuters ONE
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: Email Contact
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: Email Contact
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- Stocks Rise Before Fed Statement
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Occupy Wall Street Buys Up Student Debt
- Kohl's Hiring 67,000 for the Holidays
- Cool Features on Today's New iOS 8