Business
ICT Can Transform Economy – Ericsson
The president and chief executive officer, Ericsson, Mr. Hans Vestberg, has said that information communication technology (ICT) has the transformational power to spur socio-economic development and put the world on the path of law-carbon economy.
A company statement recently quoted him as saying, “As a catalyst for more sustainable development, we have only begun to tap the possibilities of the networked society”.
The Tide was informed that the company’s ongoing efforts to apply innovation to market based solutions that empower people and society that will help create a more sustainable world.
According to him Ericsson continues to be a global advocate for the transformational power of ICT solutions to solve global energy, environmental and social challenges.
The vice president Sustainability and Corporate Responsibility Ericsson, Mrs. Elaine Weidman-Grunewald, who corroborated vestberg said, “The network society brings many opportunities and challenges wherever and however we work, we want to ensure that we are a force for good and that our technology contributes to making the world a better place”.
She noted that company’s SCR report highlighted certain focus areas such as reducing carbon emission in the world.
“In order to achieve a low-carbon economy, Ericsson’s aim is to continue delivering solutions that will result not in incremental but rather transformative change, where video conferencing substitutes business our travel. Intelligent utility grids reinvent how we access and use energy and cities are designed to be low-carbon”, he said.
The company, according to its SCR report, will also focus on reducing networks environmental impact and ensure communication access to all.
The report reflected Ericsson’s focus on enabling communications for all including the four billion people living at the base of the pyramid.
The company, according to the SCR report will continue its efforts to us technology to help meet the millennium development goals by 2015.
Emmanuella Azubuike