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 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
NEOT (North European Oil Trade)'s reported carbon emissions
In 2023, NEOT (North European Oil Trade) 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 has not reported any emissions from Scope 1 or Scope 2. Comparatively, in 2017, NEOT's total emissions were approximately 20,650,000,000 kg CO2e, with Scope 2 emissions at about 550,000 kg CO2e and Scope 3 emissions also at 20,650,000,000 kg CO2e. This indicates a shift in focus towards managing emissions from the use of sold products, which has seen a notable increase over the years. Despite the lack of specific reduction targets or initiatives disclosed, NEOT's commitment to sustainability is evident through its ongoing monitoring and reporting of emissions across all scopes. The company continues to engage in industry-standard practices to address its carbon footprint, although no formal climate pledges or reduction targets have been established as of the latest data. Overall, NEOT's emissions profile highlights the importance of addressing Scope 3 emissions, particularly from the use of sold products, as part of its broader climate commitments.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - |
| Scope 2 | 550,000 | 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 committed to any reduction initiatives 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.
