- Global 5G leader to join Environment and Climate Change
Canada's (ECCC) Net-Zero Challenge program aimed at reducing GHG
emissions in cooperation with private sector companies.
TORONTO, April 22,
2024 /CNW/ --Ericsson
Canada (NASDAQ: ERIC) is proud to celebrate Earth Day today
by announcing that it has joined Environment and Climate Change
Canada's Net-Zero Challenge program. The Net-Zero Challenge is an
initiative that aims to encourage businesses operating in
Canada to develop and implement
credible and effective plans to transition their facilities and
operations to net-zero emissions by 2050.
"As part of our commitment to advancing our climate action
initiatives here in Canada and
around the globe, we are thrilled to join the Government of
Canada's Net-Zero Challenge," says Jeanette Irekvist, President,
Ericsson Canada. "As a technology
leader with a strong foundation in research and development, we
understand our climate impacts and the importance of limiting
global warming to 1.5°C. Our climate commitment already extends
throughout our value chain, committing to become net-zero by 2040,
and we look forward to joining the momentum of this program."
5G networks are the technological backbone of society and
represent an opportunity to digitalize industries and significantly
reduce global CO2 emissions. Through energy efficient network
solutions, Ericsson is acting as a key enabler in reducing
emissions, for not only its industry, but the many energy-intensive
industries that its customers operate in. While the Information and
Communications Technology (ICT) sector is responsible for only 1.4
per cent of the global carbon footprint, it has the potential to
enable a 15-20 per cent reduction of emissions across industries by
2030 through connectivity solutions.
"We've received an incredible response from the private sector
since the Net-Zero Challenge was launched in August 2022, with over 180 companies
participating to date," said the Honourable Steven Guilbeault,
Minister of Environment and Climate Change. "In committing to
net-zero, leading companies like Ericsson are taking action now to
help safeguard Canada's environment for our children and
grandchildren. Together, the participants of the Net-Zero Challenge
are stimulating innovation, demonstrating corporate responsibility,
and ensuring their long-term competitiveness in a decarbonizing
global economy. I encourage all businesses with net-zero ambitions
to join the Challenge!"
Through a rigorous and credible framework, the Net-Zero
Challenge promotes net-zero planning that supports businesses to
achieve their climate goals – including Ericsson Canada's customers and partners.
However, reaching net-zero can only be attained with collaboration
across all sectors of the economy.
Added Irekvist: "We are already working with countless other
extraordinary organizations across all sectors to continue to press
ahead with the transformational change needed to meet our
collective sustainability goals. We're confident in the goals we
have laid down and are committed to helping both our customers and
Canada achieve notable success in this vital space."
This announcement reinforces Ericsson's dedication
to achieving net-zero emissions across our entire value
chain by 2040 and supporting Canada's
commitment to achieve net-zero emissions by 2050. Ericsson is
committed to supporting the deployment of smart, sustainable 5G
networks that provide high performance with a lower carbon
footprint. We are driving our global innovation in network
sustainability through our investments in R&D here
in Canada, and a research partnership with
Environment and Climate Change Canada and ÉTS, Concordia and
Polytechnique that is already exploring how AI can help the telecom
sector and Canada and the world's climate action goals.
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. Ericsson Canada is also a partner in the
national ecosystem network aimed at fostering 5G adoption and
collaboration in Canada.
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Ericsson enables communications service providers to capture the
full value of connectivity. The company's portfolio spans the
business areas Networks, Cloud Software and Services, Enterprise
Wireless Solutions, 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
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and on Nasdaq New York. www.ericsson.com
SOURCE Ericsson Canada