Neles Oyj

Neles Oyj's reported carbon emissions

Neles Oyj, an organisation within the machinery and equipment n.e.c. (29) industry based in Finland, is committed to reducing its environmental impact. The company has set science-based targets (SBTi) for emissions reduction. For the most recent reporting year available, 2025, Neles Oyj reported total emissions of approximately 3.63 billion kg CO2e. This figure comprises Scope 1 emissions of about 1.03 billion kg CO2e, Scope 2 emissions (market-based) of approximately 374 million kg CO2e, and Scope 3 emissions totalling about 2.24 billion kg CO2e. Key contributors to their Scope 3 emissions include downstream transportation and distribution (approximately 221.6 million kg CO2e) and the use of sold products (around 132.8 million kg CO2e). In 2024, Neles Oyj's total emissions were approximately 3.34 billion kg CO2e. Scope 1 emissions were about 990.6 million kg CO2e, Scope 2 emissions (market-based) were approximately 364.7 million kg CO2e, and Scope 3 emissions stood at about 2.35 billion kg CO2e. Neles Oyj has established ambitious climate commitments. Through SBTi, the company has committed to reducing absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030, using 2019 as the base year. Furthermore, Neles Oyj aims to reduce Scope 3 GHG emissions, specifically from the use of sold products and upstream and downstream transportation, by 20% by 2025, also against a 2019 baseline. An additional commitment involves ensuring that 30% of its direct suppliers, by spend on purchased goods and services, will have science-based targets by 2025. These targets are recognised as being consistent with keeping global warming to 1.5°C. Earlier historical data includes Scope 1 and 2 emissions of approximately 705 million kg CO2e in 2021 and about 708 million kg CO2e in 2020. For 2019, Neles Oyj reported Scope 1 emissions of approximately 1.88 million kg CO2e, Scope 2 emissions of about 8.34 million kg CO2e, and Scope 3 emissions, including purchased goods and services, upstream transportation and distribution, and downstream transportation and distribution, totalling approximately 103.9 million kg CO2e. In 2018, Scope 1 emissions were around 2.37 million kg CO2e, Scope 2 emissions were approximately 7.54 million kg CO2e, and Scope 3 emissions, from similar categories, amounted to about 94.4 million kg CO2e. Neles Oyj's emissions data is not cascaded from a parent organisation, indicating direct reporting.