Ethisphere names Nokia as one of the best ethical companies in the world 2021 Helsinki Stock Exchange: NOKIA

Press release

Ethisphere names Nokia as one of the most ethical companies in the world 2021

  • Nokia is known for the fourth year in a row and for the fifth time overall
  • The company is one of three honors in the telecommunications industry
  • 135 honorees were recognized including 22 countries and 47 businesses

February 23, 2021

Espoo, Finland – Nokia has been named by the Ethisphere Institute as one of the most ethical® companies in the world for the fourth year in a row. In 2021, 135 honorees were recognized including 22 countries and 47 industries. Nokia is one of three winners in the telecommunications industry and the only Finnish company to be honored.

The comprehensive study covers over 200 broad questions from culture to governance to diversity. The award recognizes Nokia’s commitment to being a trusted, capable and valued leader in its industry.

“Through the unprecedented global challenges of 2020, Nokia has remained resilient and committed to working with business integrity, fostering a values-based culture, building market trust, and leading positive change in communities. all over the world, “he said. Head of Ethisphere, Timothy Erblich. “Congratulations to the entire Nokia team.”

Nokia continually evaluates its programs and processes to reduce inefficiencies, strengthen compliance, and strengthen its ethical culture. It offers many avenues for employees to raise and report concerns in an open reporting environment with a strict non-discriminatory policy. The focus on early identification and proactive mitigation of regulatory and corruption risks associated with products, services, and out-to-market strategy is critical to success.

“Actions speak louder than words when it comes to integrity, trust and upholding of social and environmental responsibilities. We take our corporate responsibilities very seriously at Nokia, and I am delighted that we have once again been named one of the most ethical companies in the world, ”we said. Pekka Lundmark, President and CEO, Nokia.

About the Ethisphere Institute
The Ethisphere® Institute is a global leader in defining and advancing standards of ethical business practices that promote corporate character, market trust, and business success. Ethisphere has in-depth experience in measuring and interpreting key ethical standards using data-driven insights that help companies to measure corporate character and measure and promote culture. Ethisphere honors outstanding performance through the world’s Most Ethical Companies recognition program and brings a community of industry experts with the Federation of Business Ethics Leadership (BELA). More information about Ethisphere can be found at:

Method & Scoring

Based in Ethisphere-owned Ethics Quotient®, the World’s Most Ethical Companies assessment process includes over 200 questions on culture, environmental and social practices, ethics and compliance actions, governance, diversity and initiatives to support a strong value chain. This year saw an expanded set of questions addressing equality, inclusion, and social justice and measuring how candidates are adapting and tackling the global health pandemic. The process acts as a framework for capturing and coding the key practices of organizations across industries and globally.


The full list of the most ethical companies in the world at 2021 can be found at

In Nokia
We create the networks and technologies necessary to bring together the world’s information, across businesses, cities, supply chains and societies.

With our commitment to innovation and technological leadership, led by the award-winning Nokia Bell Labs, we deliver networks at the frontiers of science across mobile, infrastructure, cloud and enabling technologies.

Adhering to the highest standards of integrity and security, we help build the capabilities we need for a more productive, sustainable and inclusive world.

For our latest updates, visit us online at and follow us on Twitter @nokia.

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Clea Nabozny
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