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 63 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Neste's reported carbon emissions
In 2023, Neste reported total carbon emissions of approximately 58,000,000,000 kg CO2e, with emissions distributed across various scopes: 2,291,000,000 kg CO2e for Scope 1, 463,000,000 kg CO2e for Scope 2 (market-based), and 58,000,000,000 kg CO2e for Scope 3. The Scope 3 emissions primarily stem from the use of sold products, accounting for about 47,700,000,000 kg CO2e. Neste has set ambitious climate commitments, aiming for a 50% reduction in its own production emissions (Scopes 1 and 2) by 2030, with a target of achieving carbon-neutral production by 2035. Additionally, the company plans to reduce the use phase emission intensity of its sold products by 50% by 2040 compared to 2020 levels. Furthermore, Neste is committed to reaching net-zero greenhouse gas emissions by 2050 or sooner, in alignment with the Paris Agreement's goal to limit global warming to 1.5°C. These initiatives reflect Neste's proactive approach to addressing climate change and reducing its overall carbon footprint across all scopes of emissions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | 0,000,000,000 | 0,000,000,000 |
| 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 | 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 | 00,000,000,000 | 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.
Neste is committed to some 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.
