Ericsson Publishes 20th Anniversary Sustainability and Corporate Responsibility Report
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STOCKHOLM, SWEDEN, Apr 09 (Marketwired) -- * Ericsson reached its five-year carbon footprint intensity target in four 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, contributing to affordability and accessibility of mobile communications * Strengthened commitment to responsible business practices, with focus on human rights and anti-corruption In its Sustainability and Corporate Responsibility report 2012, Ericsson (NASDAQ: ERIC) summarizes the performance and achievements of its global sustainability initiatives, which use connectivity to make a positive socio-economic and environmental impact throughout the value chain. Ericsson President and CEO Hans Vestberg says: "Many of the world's major challenges - such as urbanization, climate change, and poverty - could benefit from solutions offered by mobile broadband. Sustainability is a competitive differentiator and is high on our agenda, as well as that of our customers. Throughout the value chain and wherever we do business, we are creating value for ourselves and for our stakeholders by striving to be sustainable and responsible in all that we do." Ericsson has long been engaged in the global conversation on sustainability and continues its leadership in several bodies to further dialogue on the role of Information and Communications Technology and sustainable development. Vestberg is personally involved in the Broadband Commission for Digital Development where he led the working group on climate change, and recently agreed to chair the Commission's task group on the post-2015 agenda and future Sustainable Development Goals. He is also a member of the Leadership Council of the UN Sustainable Development Solutions Network, a multi-stakeholder initiative launched in 2012 by the UN Secretary-General. Elaine Weidman-Grunewald, head of Sustainability and Corporate Responsibility, says: "Our aim is to make mobile communications more affordable and accessible, as well as work to demonstrate the positive role of technology, where it can shape low-carbon economies, increase access to education, and support other humanitarian issues such as refugees, peace and conflict resolution, and disaster response." In 2009, Ericsson set a five-year target to reduce its carbon footprint intensity by 40%. That goal has been reached within four years, largely thanks to systematic improvements across the portfolio and by improving product energy efficiency, and focusing on Ericsson's own internal operations. Weidman-Grunewald continues: "Achieving the target a year ahead of schedule shows that we embrace the responsibility we hold as the industry leader, to continually raise the bar in our performance and offerings." Corresponding improvements in 2012 include reduction in absolute emissions with regard to business travel, down 16%; product transport, down 12%. The Ericsson Mobility Report estimates that by 2017, 85% of the world's population will have 3G coverage. To address the growing demand for cost-effective and energy-efficient build out of coverage, Ericsson offers solutions including: Psi coverage, which reduces power consumption by up to 40%; AIR, Antenna-Integrated Radio, a family of products that reduces energy consumption also by 40%; and Managed Rural Coverage, which bundles a managed service with a cost-efficient solar-powered 2G, 3G, or LTE mini-site solution, designed to connect people in areas without voice and data communication. The report describes in detail Ericsson's Technology for Good projects and the milestones achieved in 2012. Connect To Learn, the global education initiative, has now been launched at 33 schools ranging from Brazil to Ghana. More than 185,000 refugees are now registered on the Refugees United mobile platform to help re-connect missing family. Ericsson is the technology partner to the PeaceEarth Foundation, which launched its Youth Peacemaker Network in Uganda and South Sudan. The report covers Ericsson's strengthened focus on ways of conducting business responsibly. The Code of Business Ethics, summarizing the key group policies and directives governing relationships in the company and with stakeholders, was updated in 2012 to reflect the new UN Guiding Principles for Business and Human Rights, and Ericsson's commitment to respect human rights throughout its operations. To support implementation of the principles, the company launched a two-year business learning program on human rights. Ericsson has also joined the World Economic Forum Partnering Against Corruption Initiative (PACI). Ericsson's first environmental report was published in 1993. Read the full 2012 report at www.ericsson.com/sustainability. NOTES TO EDITORS Weidman-Grunewald will join Vestberg onstage for the company's Annual General Meeting of Shareholders on April 9 in Kista, Sweden to launch the report. Backgrounders on Technology For Good programs are available at www.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 at www.ericsson.com/press Ericsson is a world-leading provider of communications technology and services. We are enabling the Networked Society with efficient real-time solutions that allow us all to study, work and live our lives more freely, in sustainable societies around the world. Our offering comprises services, software and infrastructure within Information and Communications Technology for telecom operators and other industries. Today 40 percent of the world's mobile traffic goes through Ericsson networks and we support customers' networks servicing more than 2.5 billion subscriptions. We are more than 110,000 people working with customers in more than 180 countries. Founded in 1876, Ericsson is headquartered in Stockholm, Sweden. In 2012 the company's net sales were SEK 227.8 billion (USD 33.8 billion). Ericsson is listed on NASDAQ OMX, Stockholm and NASDAQ, New York stock exchanges. www.ericsson.com www.ericsson.com/news www.twitter.com/ericssonsustain www.twitter.com/ericssonpress www.facebook.com/ericsson www.facebook.com/technologyforgood www.youtube.com/ericsson 20th Anniversary Sustainability Report from Ericsson: http://hugin.info/1061/R/1690977/555430.pdf This announcement is distributed by Thomson Reuters on behalf of Thomson 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 [HUG#1690977] FOR FURTHER INFORMATION, PLEASE CONTACT Ericsson Corporate Communications Phone: +46 10 719 69 92 E-mail: firstname.lastname@example.org Ericsson Investor Relations Phone: +46 10 719 00 00 E-mail: email@example.com ï¿½ 2013 Marketwire L.P. All rights reserved. -0-
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