Ericsson Canada (NASDAQ: ERIC) celebrated Earth Day yesterday 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.”
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 sector is responsible for only 1.4 percent of the global carbon footprint, it has the potential to enable a 15-20 percent 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!”
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