NEOT (North European Oil Trade)

In 2023, North European Oil Trade (NEOT) reported total carbon emissions of approximately 14,796,862,000 kg CO2e. This figure includes Scope 1 emissions of about 482,760,000 kg CO2e, Scope 2 emissions of approximately 35,081,000 kg CO2e, and significant Scope 3 emissions totalling around 13,796,862,000 kg CO2e. Notably, the Scope 3 emissions primarily stem from the use of sold products, which accounted for about 11,320,000,000 kg CO2e. Over the years, NEOT has demonstrated a fluctuating trend in emissions. For instance, in 2022, their total emissions were approximately 19,912,502,000 kg CO2e, with Scope 3 emissions being the predominant contributor. In 2021, total emissions were about 18,385,564,000 kg CO2e, indicating a gradual reduction in emissions over the years. Despite these figures, NEOT has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to operate within the oil trade sector, which is inherently linked to significant carbon emissions, particularly in Scope 3 categories related to product usage. Overall, NEOT's emissions profile highlights the challenges faced by the oil industry in addressing climate change, while their lack of formal reduction commitments suggests an area for potential improvement in their sustainability strategy.