NEOT (North European Oil Trade)

In 2023, North European Oil Trade (NEOT), headquartered in Finland (FI), reported significant carbon emissions, with Scope 3 emissions totalling approximately 18,129,917,000 kg CO2e. This figure reflects emissions primarily from the use of sold products, which accounted for about 18,129,917,000 kg CO2e, alongside business travel emissions of about 49,000 kg CO2e. NEOT has consistently reported zero emissions for Scope 1 and Scope 2, indicating no direct emissions from owned or controlled sources and no indirect emissions from purchased electricity, steam, heating, and cooling. The company’s emissions have fluctuated over the years, with Scope 3 emissions peaking at approximately 21,530,000,000 kg CO2e in 2019. Despite the substantial emissions figures, NEOT has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented climate pledges or SBTi (Science Based Targets initiative) commitments suggests that while NEOT is aware of its emissions profile, it has yet to establish formalised strategies for emissions reduction. Overall, NEOT's emissions data highlights the significant environmental impact of its operations, particularly in Scope 3 emissions, while also indicating a need for clearer climate commitments and reduction strategies moving forward.