Neste conducts its business and operates in compliance with applicable laws, regulations and widely accepted practices for good corporate governance. Neste’s Code of Conduct sets the core requirements for its employees to follow. It is the responsibility of every employee to conduct his/her business activities and operations in compliance with these provisions. Compliance in Neste not only seeks adherence to formal laws and regulations but also promotes the integrity of company, its businesses and employees.
The purpose of Neste’s Compliance function is to strengthen the effectiveness of compliance within the company. It supports Neste’s management in maintaining and developing the company’s compliance practices. Compliance function works in close collaboration with Neste’s business areas, common functions and other internal assurance organizations, in particular the Risk Management and the Internal Audit functions. Compliance function is headed by the Chief Compliance Officer (CCO), who reports to Neste’s Chief Financial Officer.
The CCO is supported by the Company’s Compliance Committee the purpose of which is to increase management oversight on compliance related issues and to ascertain the adequacy of mitigation actions in higher risk compliance areas.The company’s Ethics Committee steers and supports ethics, fraud and other misconduct related whistle-blowing process.