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.
+61 vs industry average
Neste’s score of 80 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 41% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Neste's reported carbon emissions
Neste Oyj, headquartered in Finland (FI), is committed to ambitious climate action, aiming for carbon neutrality across its value chain by 2040. **Emissions Performance:** For the year 2025, Neste reported approximately 54.67 billion kg CO2e in total emissions. This figure comprises around 2.67 billion kg CO2e for Scope 1 emissions and approximately 412 million kg CO2e for Scope 2 (market-based) emissions. Scope 3 emissions accounted for the largest portion, estimated at 51.59 billion kg CO2e. Within Scope 3, the use of sold products was the most significant contributor, at approximately 42.24 billion kg CO2e, followed by purchased goods and services at about 5.07 billion kg CO2e. In 2024, total emissions were approximately 59.17 billion kg CO2e, with Scope 1 at around 2.29 billion kg CO2e, Scope 2 (market-based) at approximately 393 million kg CO2e, and Scope 3 at about 56.49 billion kg CO2e. The use of sold products was again the largest contributor to Scope 3 emissions, at approximately 45.07 billion kg CO2e. In 2023, total emissions were approximately 60.30 billion kg CO2e, with Scope 1 at around 2.29 billion kg CO2e, Scope 2 (market-based) at approximately 463 million kg CO2e, and Scope 3 at about 58.00 billion kg CO2e. The use of sold products represented the largest share of Scope 3 emissions, at approximately 47.70 billion kg CO2e. **Climate Commitments and Targets:** Neste has set clear targets to reduce its climate impact. The company aims to achieve a 50% reduction in its production emissions (Scope 1 and 2) by 2030, using 2019 as a baseline. Furthermore, Neste is committed to reaching carbon-neutral production by 2035. Beyond its direct operations, Neste is also working to reduce the use-phase emission intensity of its sold products (Scope 3) by 50% by 2040, compared to 2020 levels. The company is also actively engaged in reducing GHG emissions across its entire value chain. Neste has signed the Climate Pledge, signalling its commitment to achieving net-zero carbon emissions by 2040.
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Neste’s Climate Goals (2030 & 2050)
15 goals2030
50% reduction in Scope 2
Our target is to reduce production (scopes 1 & 2) emissions by 50% by 2030 compared to 2019, and reach carbon neutral production by 2035.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Neste
Frequently asked questions
Common questions about Neste’s sustainability data and climate commitments
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