- Ericsson jumps to second overall among top international
corporate citizens in Canada and
is first in the ICT industry.
- Honour recognizes Ericsson as a global leader in
sustainability following new commitments and partnerships
announced this year.
TORONTO,
June 26,
2024 /CNW/ -- Ericsson (NASDAQ: ERIC), a leading
R&D investor in Canada and a
global leader in sustainability, is proud to announce it has been
ranked second overall among Canada's Top International Corporate
Citizens in 2024. This designation was awarded to Ericsson by
Corporate Knights, a media and research company committed to
advancing a sustainable economy. This year, Ericsson moved up from
the eighth position in 2023 to second, reflecting the company's
continued efforts to champion important issues like reducing the
energy consumption of mobile networks and advocating for digital
inclusion.
Jeanette Irekvist, President of Ericsson Canada, says: "We are honoured to be
recognized as one of Canada's top international corporate citizens.
Moving up to second place highlights our unwavering commitment to
sustainability and our efforts to achieve Net Zero emissions across
our value chain by 2040. Our focus on developing high performing,
energy efficient and sustainable 5G networks, bolstered by our
investments in Canadian R&D, is pivotal to our mission."
As mobile network usage continues to surge,
communication service providers (CSPs) face increasing
sustainability challenges in scaling up their capacity. Ericsson
addresses this issue by optimizing network operations to further
enhance sustainability with innovative solutions like its Radio
Access Networks (RAN) energy-saving software, which significantly
reduces power consumption while supporting the growing demand for
5G.
Bhushan Joshi,
Head of Sustainability & Corporate Responsibility, Ericsson North America, says: "This recognition
by Corporate Knights is a testament to Ericsson's deep-rooted
commitment to sustainability and corporate responsibility. Our
journey towards Net Zero emissions is integral to our operations
and the solutions we provide. By enhancing the energy efficiency of
our products and building robust, sustainable networks, we aim to
enable significant decarbonization across industries. This accolade
reflects the hard work and dedication of our teams in driving our
Net Zero agenda."
Ericsson ranked second among the 2024 Top 10
International Corporate Citizens, up six spots from last year.
Winners are selected from 115 companies that earn
revenues over $1 billion in
North America, and are not listed
or headquartered in Canada, and
have the highest scores based on the Corporate Knights Global 100
Most Sustainable Corporations in the World methodology.
The Corporate Knights Sustainability Rating
methodology incorporates data collected from annual reports,
sustainability reports, and company websites to score companies
based on metrics such as share of "clean" revenue and investments,
eco-efficiency, diversity on boards of directors and among
executives.
Ericsson Canada
has played a vital role in the country's innovation ecosystem for
more than 70 years, including supporting communications service
providers through every generation of mobile communication. By
providing cutting-edge, sustainable technology solutions, Ericsson
is helping Canadian CSPs meet their sustainability goals, reduce
their environmental impact, and drive digital inclusion across the
nation. Ericsson Canada is also a
partner in the national ecosystem network aimed at fostering 5G
adoption and collaboration in Canada. Earlier this year, the company also
joined the Government of Canada's Net Zero Challenge.
For more details, please read Ericsson's latest
Sustainability and Corporate Responsibility report.
MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com
ERICSSON CANADA MEDIA CONTACT:
Nathan Gibson
nathan.gibson@ericsson.com
Mob: 647-554-1423
ABOUT CORPORATE KNIGHTS:
Corporate Knights Inc. includes the sustainable
economy magazine Corporate Knights and a research division that
produces global ratings and rankings on corporate and financial
product sustainability.
ABOUT ERICSSON:
Ericsson enables communications service providers
and enterprises to capture the full value of connectivity. The
company's portfolio spans the following business areas: Networks,
Cloud Software and Services, Enterprise Wireless Solutions, Global
Communications Platform, and Technologies and New Businesses. It is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson's innovation investments have
delivered the benefits of mobility and mobile broadband to billions
of people globally. Ericsson stock is listed on Nasdaq Stockholm
and on Nasdaq New York. www.ericsson.com
SOURCE Ericsson Canada