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Neste Corporation, commonly known as Neste, is a leading player in the gas and diesel oil industry, headquartered in Espoo, Finland (FI). Founded in 1948, Neste has established itself as a pioneer in renewable fuels and sustainable solutions, with significant operations across Europe, North America, and Asia.
The company focuses on producing high-quality renewable diesel, sustainable aviation fuel, and various other petroleum products, setting itself apart through its commitment to innovation and sustainability. Neste's unique production processes utilise waste and residue materials, contributing to a circular economy.
Recognised for its market leadership, Neste has received numerous accolades for its environmental initiatives and has consistently ranked among the most sustainable companies globally. With a strong emphasis on reducing carbon emissions, Neste is at the forefront of the transition to a more sustainable energy future.
+60 vs industry average
Neste’s score of 76 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Gas/Diesel Oil is among the most carbon-intensive industries
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Scope 3 accounts for ••• of total emissions.
Neste, a Finnish Gas/Diesel Oil company, reported approximately 54.67 billion kg CO2e in total carbon emissions for 2025. This includes about 2.67 billion kg CO2e from Scope 1 emissions, 412 million kg CO2e from Scope 2 market-based emissions, and approximately 51.59 billion kg CO2e from Scope 3 emissions.
In 2024, Neste's total emissions were approximately 59.17 billion kg CO2e, with Scope 1 at about 2.29 billion kg CO2e, Scope 2 market-based at 393 million kg CO2e, and Scope 3 at around 56.49 billion kg CO2e.
Looking back to 2023, the company reported approximately 2.29 billion kg CO2e in Scope 1 emissions, 463 million kg CO2e in Scope 2 market-based emissions, and about 58 billion kg CO2e in Scope 3 emissions.
Neste has committed to reducing its Scope 1 and 2 production emissions by 50% by 2030, compared to a 2019 baseline, and aims to achieve carbon neutral production by 2035. Additionally, the company targets a 50% reduction in the use-phase emission intensity of its sold products (Scope 3) by 2040, against 2020 levels. Neste also aims for a carbon neutral value chain by 2040 and recognises the need to reduce global GHG emissions by approximately 50% every decade to reach global net-zero GHG emissions by 2050 or sooner, aligning with the Paris Agreement. Neste is a signatory of The Climate Pledge, having signed in December 2020.
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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Common questions about Neste’s sustainability data and climate commitments
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