NEOT (North European Oil Trade)
NEOT, or North European Oil Trade, is a prominent player in the oil and energy sector, headquartered in Finland (FI). Established in 2018, the company has rapidly expanded its operations across the Nordic and Baltic regions, focusing on the trading and logistics of oil products. NEOT is distinguished by its commitment to sustainability and innovation, offering a diverse range of services that include wholesale trading, storage, and transportation of refined oil products. The company has achieved significant milestones, positioning itself as a reliable partner in the energy market. With a strong emphasis on customer-centric solutions and a robust supply chain, NEOT has carved out a notable market position, contributing to the evolving landscape of energy trade in Northern Europe.
DitchCarbon Score
How does NEOT (North European Oil Trade)'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Transport Equipment Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
NEOT (North European Oil Trade)'s score of 34 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NEOT (North European Oil Trade)'s reported carbon emissions
In 2023, North European Oil Trade (NEOT) reported significant carbon emissions, totalling approximately 18,129,917,000 kg CO2e from Scope 3 sources. This figure includes about 49,000 kg CO2e from business travel and a substantial 18,129,170,000 kg CO2e from the use of sold products. Notably, NEOT did not report any emissions under Scope 1 or Scope 2. Comparatively, in 2022, NEOT's emissions were approximately 19,912,502,000 kg CO2e, with 12,000 kg CO2e attributed to business travel and 19,912,490,000 kg CO2e from the use of sold products. The data indicates a slight decrease in total emissions from 2022 to 2023. NEOT has not established specific reduction targets or initiatives as part of their climate commitments, nor have they made any pledges to reduce emissions. The absence of Scope 1 and Scope 2 emissions suggests a focus on indirect emissions, primarily from the use of sold products, which is a common trend in the oil trade industry. Overall, NEOT's emissions profile highlights the significant impact of their operations on climate change, particularly through Scope 3 emissions, while their lack of defined reduction strategies indicates an area for potential improvement in their sustainability efforts.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 550,000 | 000,000 | 000,000 | - | 000,000 | - | - |
| Scope 3 | 20,650,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
NEOT (North European Oil Trade) is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
