Neste
Neste Corporation, commonly known as Neste, is a Finnish company headquartered in Espoo, Finland (FI). Founded in 1948, Neste has established itself as a leader in the renewable fuels and chemicals industry, with significant operations across Europe, North America, and Asia. The company is renowned for its innovative approach to producing sustainable solutions, including renewable diesel, sustainable aviation fuel, and various biochemicals. Neste's commitment to sustainability and circular economy principles sets it apart in the market, as it utilises advanced technologies to convert waste and residues into high-quality products. With a strong focus on reducing greenhouse gas emissions, Neste has achieved notable milestones, including being ranked as the world's most sustainable company in the energy sector. As a pioneer in renewable solutions, Neste continues to drive the transition towards a more sustainable future.
DitchCarbon Score
How does Neste'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 Gas/Diesel Oil 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
Neste's score of 78 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Neste's reported carbon emissions
In 2024, Neste reported total carbon emissions of approximately 59,173,000,000 kg CO2e, with Scope 1 emissions at about 2,300 kg CO2e, Scope 2 emissions (market-based) at approximately 393,000,000 kg CO2e, and Scope 3 emissions totalling around 56,500 kg CO2e. The company has set ambitious targets to reduce its production emissions (Scopes 1 and 2) by 50% by 2030 compared to a 2019 baseline, aiming for carbon-neutral production by 2035. In 2023, Neste's emissions were approximately 25,910,000,000 kg CO2e for Scope 1, 463,000,000 kg CO2e for Scope 2 (market-based), and a significant 58,000,000,000 kg CO2e for Scope 3. The company has consistently disclosed emissions across all scopes, demonstrating transparency in its climate commitments. Neste's long-term strategy includes a 50% reduction in the use phase emission intensity of sold products by 2040, compared to 2020 levels. The company is committed to leading the transformation towards a carbon-neutral value chain by 2040, with a focus on achieving carbon neutrality in its production processes by 2035. These initiatives align with global efforts to limit warming to 1.5°C, as outlined in the Paris Agreement. Neste's climate commitments are supported by its participation in the Climate Pledge, which underscores its dedication to reducing global greenhouse gas emissions significantly.
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| 2011 | 2012 | 2013 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,694,100,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000 |
| Scope 2 | 434,200,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | - | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000 |
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.
Neste is participating in some 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.
