Public Profile

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.

65

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.

13

Industry Benchmark

Neste's score of 65 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

100%

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Neste's reported carbon emissions

In 2023, Neste reported total carbon emissions of approximately 58,000,000,000 kg CO2e, with Scope 1 emissions at about 2,291,000,000 kg CO2e, Scope 2 emissions at approximately 463,000,000 kg CO2e, and Scope 3 emissions reaching around 58,000,000,000 kg CO2e. The company has set ambitious climate commitments, aiming for a 50% reduction in its own production emissions (Scopes 1 and 2) by 2030 and achieving carbon-neutral production by 2035. Furthermore, Neste is committed to reducing the use phase emission intensity of its sold products by 50% by 2040 compared to 2020 levels. Neste recognises the necessity to cut global greenhouse gas emissions by about 50% every decade, targeting net-zero emissions by 2050 or sooner, in alignment with the Paris Agreement. These initiatives reflect Neste's dedication to sustainability and its proactive approach to addressing climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20112012201320172018201920202021202220232024
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Neste's primary industry is Gas/Diesel Oil, which is very high in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Neste is in FI, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers