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Green Finance Framework
Neste will stand clear with its aspiration, leading the way towards a sustainable future together. To achieve our high ambitions, our Green Finance Framework is focused on our development and investments in renewable and circular solutions with the purpose of reducing greenhouse gas emissions globally.
The Green Finance Framework is based on the 2018 version of Green Bond Principles published by the International Capital Markets Association (“ICMA”) and the 2020 version of the Green Loan Principles, published by the Loan Market Association (“LMA”), AsiaPacific Loan Market Association (“APLMA”) and the Loan Syndications and Trading Association (“LSTA”) respectively.
Neste will allocate the net proceeds of the Green Debt to finance Eligible Assets and Projects that have been evaluated and selected by the Green Finance Committee.
The Eligible Assets and Projects must fall within the eco-efficient and circular economy adapted products, production technologies and processes category and the projects will include:
- Investments in Renewable and Circular solutions including renewable product refineries for production of renewable diesel, sustainable aviation fuel and raw materials for various polymers and chemical materials.
- R&D investments related to Renewable and Circular solutions to further develop our solutions portfolio for more sustainable transport, aviation, and chemical sectors. Focus is on scalable and sustainable waste carbon and required technologies.
Neste publishes annually a report on the allocation and impact of Green Bonds issued under the Green Finance Framework. Neste will strive to report on the actual environmental impact of the investments financed by the Green Bonds.
CICERO Shades of Green has rated our Green Finance Framework CICERO Medium Green.