As we reach the midpoint of 2025, a series of new laws and regulations are set to take effect in Norway this July, marking significant changes across various sectors. Among the most notable is the amendment to the penal code, which now explicitly requires active consent for sexual activities, either through words or actions. This change, championed by numerous organizations over the years, shifts the legal framework from 'no means no' to 'only yes means yes,' reflecting a broader societal push towards clearer boundaries and protections.

Another critical update involves the transparency of political donations, putting an end to anonymous contributions to political parties. This move has drawn particular attention due to the activities of the organization Action for Conservative Election Victory (ABV), which attempted to donate to several right-wing parties without disclosing its backers. Only the Progress Party chose to accept these funds, highlighting the contentious nature of political financing and the need for greater openness.

Young adults aged 25 to 28 will now benefit from reduced dental care costs, joining their younger counterparts who already enjoy such discounts. This policy adjustment means that a dental bill of 2000 kroner will now cost a 28-year-old only 500 kroner, easing the financial burden on this demographic. Additionally, the VAT on water and sewage fees will be reduced from 25% to 15%, offering relief to households across the country at a time when these fees are rising sharply due to maintenance backlogs and new EU requirements.

These reforms come at a pivotal moment, addressing long-standing issues and adapting to evolving societal norms. From enhancing personal autonomy and privacy to making essential services more affordable, the changes reflect a comprehensive approach to governance and public welfare. As these laws take effect, their impact on Norwegian society will be closely watched by both citizens and policymakers alike.

Nokia has taken a significant step forward in its sustainability journey by securing a €1.5 billion five-year multi-currency revolving credit facility (RCF) that ties the cost of borrowing to the company's environmental performance. This innovative financial instrument underscores Nokia's commitment to reducing its carbon footprint, with the margin of the RCF adjusting based on the company's progress toward cutting greenhouse gas (GHG) emissions across its operations and value chain.

The new RCF, which replaces a previous €1.412 billion facility from 2019, includes two one-year extension options and links the pricing mechanism to two key sustainability targets: the reduction of absolute Scope 1 and 2 GHG emissions, and the reduction of absolute Scope 3 GHG emissions. These targets will be assessed annually, with any adjustments to the RCF margin impacting the following year, thereby incentivizing Nokia to meet its environmental objectives.

Marco Wirén, Nokia's Chief Financial Officer, expressed enthusiasm for the strong backing from banking partners in this refinancing transaction, highlighting the alignment of Nokia's financing strategy with its sustainability priorities. Subho Mukherjee, Vice President of Sustainability at Nokia, further emphasized the company's dedication to its climate transition plan, which aims to foster efficiency and innovation throughout its value chain.

Nokia's ambitious net-zero target by 2040, validated by the Science Based Targets initiative (SBTi), is a testament to the company's long-term commitment to environmental stewardship. The detailed operational approach to reducing GHG emissions, as outlined in Nokia's Net-Zero climate transition plan, reflects a comprehensive strategy to decarbonize its operations and supply chain. This latest financial move not only reinforces Nokia's sustainability agenda but also sets a precedent for how corporations can integrate environmental goals into their financial strategies.