Ericsson has set a long-term ambition to be Net Zero across our value chain by 2040. We are working toward a first major milestone to halve value chain emissions by 2030. Specifically, Ericsson aim to cut emissions by 50% in the supply chain and portfolio by 2030 and be Net Zero in our Own activities at the same time (fleet vehicles, facility energy usage, commuting and business travels). Ericsson follows the Science Based Target initiative and ITU standards for Net Zero, aiming to reduce emissions by at least 90% across our value chain by 2040 from 2040 baseline. Residual emissions, that are technically unfeasible to eliminate will be neutralized through approved carbon removal credits according to industry standards.
To further help its customers, Ericsson created ‘Breaking the Energy Curve’ framework, a unique approach that enables exponential growth of data traffic without increasing energy consumption, ultimately reducing carbon emissions from mobile networks. In 2022, Ericsson achieved its target that 5G shall be 10x more energy efficient than 4G (for the transmission of a fixed amount of data).
Ericsson together with founding partners and the ‘Exponential Roadmap’ initiative established the 1.5°C Supply Chain Leaders group to accelerate global supply chain actions to limit global warming to 1.5°C. The initiative is supported by the International Chamber of Commerce, We Mean Business Coalition and the UN ‘Race to zero’ campaign.
The initiative shall accelerate global supply chain actions, by working together to halve emissions in our supply chains by 2030 and achieving net-zero before 2050.
The members have committed to reducing greenhouse gas emissions across the value chain and integrating this objective into their business strategy to drive climate action as part of the wider role in society.
The initiative supports the newly launched SME Climate Hub, to support broader action within society and enable climate action for SMEs.