Neste Sustainability Profile
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 73 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 2,290,000,000 kg CO2e, Scope 2 emissions at approximately 393,000,000 kg CO2e (market-based), and a significant Scope 3 total of about 56,490,000,000 kg CO2e. The Scope 3 emissions include 45,070,000,000 kg CO2e from the use of sold products and 7,390,000,000 kg CO2e from purchased goods and services. Neste has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 50% by 2030 compared to a 2019 baseline, with a target to achieve carbon-neutral production by 2035. This commitment is part of a broader strategy to lead the transformation towards a carbon-neutral value chain by 2040. The company is also focused on reducing the use phase emission intensity of sold products by 50% by 2040 compared to 2020 levels. Neste's climate initiatives are aligned with global efforts to combat climate change, including signing the Amazon Climate Pledge, which underscores its commitment to reducing greenhouse gas emissions in line with the Paris Agreement.
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Access structured emissions data, company-specific emission factors, and source documents
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 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 | 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 | 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 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Neste's Industry?
How Carbon Intensive is Neste's Location?
Neste's Scope 3 Categories Breakdown
Neste's Scope 3 emissions, which decreased by 3% last year and increased by approximately 24% since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 80% of Scope 3 emissions.
Top Scope 3 Categories
Neste's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Neste has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Neste's sustainability data and climate commitments