• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Ericsson's Commitment to Being a Responsible Corporate Citizen

By: 3BL Media
June 01, 2022 at 06:50 AM EDT

SOURCE: Ericsson

DESCRIPTION:

Ericsson engages as an active local partner in the communities where it operates. Volunteering is one way Ericsson employees help the Company realize its vision to improve lives, redefine business and pioneer a sustainable future. During 2021 Ericsson strengthened its corporate citizenship efforts, including the launch of a new volunteering strategy focused on encouraging employee and community engagement. The Company also re-established global governance of this program with a new Volunteer Program Board. Ericsson also strengthened its donation strategy to focus on proactive efforts, efficiency improvements and long-term partnerships.

Making a difference across the globe

In 2021 the Company’s largest donation was related to the COVID-19 response in India. The donation of almost USD 1 million was a combination of direct company contribution and company-matched employee donations. The donation went to UNICEF India and helped with the acquisition of oxygen generation plants, RT-PCR testing machines and other medical equipment. Due to the pandemic, Ericsson pivoted its volunteering efforts to virtual engagements. In 2021 Ericsson initiated multiple virtual volunteering pilots inviting more than 24,000 employees in 39 countries to participate. Lessons from these pilots will be incorporated into the launch of the global volunteer program in 2022.

One example of a global virtual volunteer initiative is Missing Maps, an open and collaborative project in which volunteers can virtually map buildings in areas at risk of disasters. As a result of this global opportunity, Ericsson volunteers mapped more than 4,500 buildings.

Climate action

During 2021, Ericsson continued to support management of mangrove trees in Malaysia and renewed its partnerships with local stakeholders in the Philippines to protect more than 405 hectares of mangrove wetlands. This project in the Philippines utilizes Ericsson’s technology and its employee expertise, and the project in Malaysia includes a company donation of mangrove saplings for reforestation purposes.

Building on its six-year commitment to mangrove preservation projects, Ericsson has made a pledge to contribute to the organization 1t.org, which aims to conserve, restore, and grow one trillion trees by 2030. 1t.org is part of the World Economic Forum’s work to accelerate nature-based solutions in support of the UN Decade on Ecosystem Restoration (2021–2030).

Humanitarian response

Ericsson Response is the Company’s flagship volunteer program and has been in operation since the year 2000. Together with partners, Ericsson uses its core competencies to provide communication and other support to help humanitarian workers save lives and to support communities in need of humanitarian relief, for example, after a natural disaster. The work is a continuous journey to prepare and improve the humanitarian response for future emergencies.

In 2021, the Company extended its partnership with the United Nations and established a partnership with UNHCR, the UN refugee agency to support its important work in the area of emergency response to refugee situations.

As a first deployment in support of UNHCR, Ericsson Response deployed in Colombia to support the Venezuelan refugee response. Ericsson Response supported other deployments after a devastating earthquake in Haiti and in response to severe flooding in Germany.

Tweet me: Volunteering is one way @ericsson employees help the Company realize its vision to improve lives, redefine business and pioneer a sustainable future. Read more about Ericsson's corporate citizenship: https://bit.ly/3xtBzSS

KEYWORDS: NASDAQ: ERIC, Ericsson, COVID-19

People in a meeting on a laptop screen

More News

View More
News headline image
Insiders Buy 3 High-Risk Stocks—Here’s What’s Driving the Moves ↗
Today 15:57 EST
Via MarketBeat
Tickers GME MP UA USAR
News headline image
2 Subscription Economy Winners That Still Dominate Their Niches ↗
Today 14:42 EST
Via MarketBeat
Topics Economy
Tickers ADBE AMZN CART DE DIS NFLX
News headline image
3 Massive Buybacks That Map the Market’s Mood in 2026 ↗
Today 13:38 EST
Via MarketBeat
Tickers NOW PEP WDC
News headline image
Monday.com Hits Rock Bottom: Overdone Sell-Off Ready to Rebound ↗
Today 12:44 EST
Via MarketBeat
Tickers MNDY
News headline image
Intel Stock Is Priced for Ruin, But the AI Offensive Is Here ↗
Today 11:40 EST
Via MarketBeat
Topics Artificial Intelligence
Tickers AMD INTC NVDA QCOM SOBKY

Recent Quotes

View More
Symbol Price Change (%)
AMZN  208.72
-1.60 (-0.76%)
AAPL  274.62
-3.50 (-1.26%)
AMD  216.00
+7.56 (3.63%)
BAC  56.41
-0.12 (-0.21%)
GOOG  324.40
+1.30 (0.40%)
META  677.37
+15.91 (2.41%)
MSFT  413.71
+12.57 (3.13%)
NVDA  189.86
+4.45 (2.40%)
ORCL  156.59
+13.77 (9.64%)
TSLA  417.18
+6.06 (1.48%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.
© 2025 FinancialContent. All rights reserved.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap