Press Release
Nokia introduces Private Wireless Sustainability Calculator to help Enterprises reduce environmental footprint and improve worker safety
- The Private Wireless Sustainability Calculator quantifies private wireless networks-enabled industrial use cases' environmental and social handprint, allowing businesses to identify opportunities to achieve tangible sustainability gains through digitalization enabled by private wireless.
- The calculator model has initially been developed for mining, process manufacturing and port operator industries.
20 September 2024
New York – Nokia today announced the launch of a new sustainability calculator for private wireless networks for enterprises. This tool helps companies estimate the environmental and social benefits of using private wireless networks and the new Industry 4.0 applications they enable. Notable benefits include improved operations, reduced costs and carbon emissions, and fewer workplace accidents.
Nokia commissioned PwC UK to support the development of a Private Wireless Sustainability Calculator, based on Nokia's extensive experience in deploying private wireless networks for more than 760 industrial customers worldwide. Nokia's tool, initially created for mining, manufacturing and port industries, aids businesses in leveraging private wireless to reach their environmental and social objectives, catering to the growing demand from investors for transparency.
Digitalization is key to accelerating industry sustainability and enabling enterprises to achieve long-term growth. Private wireless networks provide high-performance connectivity for digitalization, enabling new applications such as drone inspections, digital twins, and real-time environmental monitoring. These applications, when combined with private networking and edge computing, improve operational efficiency and contribute to sustainability goals.
Industry 4.0 applications powered by private wireless networks offer significant improvements for businesses.
- Reduced Greenhouse Gas Emissions: A GlobalData and Nokia report found 79% of surveyed enterprises saw a 10% or greater reduction in emissions after deploying private wireless solutions like drones, Industrial Internet of Things (IIoT), and digital twins.
- Improved Worker Safety: Medium-sized chemical manufacturing plants utilizing private wireless networks can save approximately EUR 1.4 million in societal costs (assuming consistent production volumes) and witness an average 35% decrease, on average, in health and safety incidents. Societal costs refer to the economic and social burdens associated with accidents, injuries, and illnesses, including healthcare expenses, lost productivity, and the impact on families and communities. This is due to factors like remote machine control, which reduces worker exposure to hazardous environments.
- Improved Efficiency: Autonomous trucks powered by private wireless networks results in a 7% reduction in fuel consumption and wear and tear. Additionally, operations became 10% more efficient, leading to reduced energy consumption and improved worker safety.
The Nokia Private Wireless Sustainability Calculator draws on PwC UK's expertise in measuring and valuing impacts, and its Total Impact Measurement and Management (TIMM) framework to develop the environmental and social impact methodologies for private wireless networks. TIMM is rooted in impact pathways, going one step further than most other methodologies to translate the costs and benefits to society in monetary terms.
The Nokia calculator uses data from multiple sources, including previous quantifications in other projects and network models to provide a comprehensive understanding of the private networks' impact. From there, the model's insights support users to identify opportunities to enhance business operations, including improving equipment lifecycles, reducing transportation downtime and fuel consumption, and improved worker health considerations. Through this process, the Nokia Private Wireless Sustainability Calculator offers enterprises vital findings and insights to improve their business – from improved operational efficiencies, worker health and safety, potential reductions in costs and environmental footprint.
Subho Mukherjee, Vice President of Sustainability at Nokia, said: "Many physical industries are heavy emitters of greenhouse gas and haven't had the opportunity to reap the full potential of digital technologies yet. To reach our climate goals, we need to speed up their digital transformation through the power of networking, AI and cloud. Nokia is helping industries go digital to become smarter, more automated, sustainable, and efficient. Our new Private Wireless Sustainability Calculator is the first of its kind, showing our private wireless networks can help businesses be more environmentally friendly. It's a strong step towards quantifying what Nokia believes in, that there is no green without digital."
Mukherjee said the new Nokia tool underscores the company's commitment to addressing climate change and resource efficiency in its value chain. Nokia has committed to reaching net zero greenhouse gas emissions by 2040, accelerating its previous target by 10 years. This places Nokia ahead of the Paris Agreement goal to reach net zero by 2050. This initiative is part of Nokia's broader strategy to integrate sustainability benefits into its solutions for industries and develop Environmental, Social, and Governance (ESG) as a competitive advantage.
Tom Beagent, Sustainability Partner at PwC UK, said: "Technology has a huge role to play in tackling social and environmental challenges. It is great to see Nokia using its expertise to support its customers to see the potential of private wireless in tackling issues such as health and safety and carbon emissions. Monetizing impacts with frameworks like TIMM really help decision makers to understand the social and environmental return on investment and the role technology can play in delivering on their sustainability goals."
Resources and additional information
Website: Nokia Private Wireless Sustainability Calculator
Website: Digitalization and Sustainability microsite
Website: Nokia at New York Climate Week
Website: Nokia Sustainability
Website: Nokia All about zero
Bio: Subho Mukherjee
Mukherjee is available to talk about the Nokia Private Wireless Sustainability Calculator during Climate Week NYC 2024 and the United Nations General Assembly on Sept. 23-26 in New York City.
Contact: kevin.petschow@nokia.com to secure a time and day to meet Subho.
Estimate your environmental and social footprint using the shortened calculator in this Press Release. Develop an in-depth individualized evaluation with our experts using the full calculation model visiting here
About Nokia
At Nokia, we create technology that helps the world act together.
As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.
With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.
About PwC
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 151 countries with over 360,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
Media inquiries
Nokia Press Office
Email: Press.Services@nokia.com
Follow Nokia on social media
If you wish to no longer receive these messages you can unsubscribe.
No comments:
Post a Comment