05 April 2017 Releases and news

Neste shows leading transparency with its site on crude palm oil supply chain

Neste Corporation
Press Release
5 April 2017 at 10 am (EET)

Neste shows leading transparency with its site on crude palm oil supply chain 

Neste has today published updated information about all its crude palm oil suppliers on the company's website. The data covers the entire supply chain, i.e. all companies, mills, and estates that supplied Neste with crude palm oil in 2016.

The dashboard website offers information on the suppliers, certification systems used, and certification documentation, and provides access to a map service enabling the users to see the geographical location of the mills.

In addition to the information on the suppliers, the site also offers an update on Neste's corporate level usage of crude palm oil, as well as its activities and collaborative projects aiming at further developing the sustainability of the company's supply chain, and supporting the larger scale development within the palm oil industry.

After having published a comprehensive list of its palm oil suppliers for the first time last year, Neste became the world's first major palm oil user company to operate in such a transparent fashion with regards to its raw material procurement.

"Our new dashboard site is a significant step forward in our supply chain transparency. It is a result of continuous and fruitful co-operation over the past years with our suppliers who are fully committed to sustainability. Our customers and other stakeholders put great value on the work we have been doing together with our suppliers, and we aim at continuing to lead progress in the area of supply chain transparency even further in the future," says Simo Honkanen, Senior Vice President, Sustainability and Public Affairs at Neste.

The role of crude palm oil has become less significant in Neste's refining

Crude palm oil's role in Neste's raw material portfolio has become less significant in recent years. In 2016, waste and residues accounted for nearly 80 percent of the company's usage of renewable raw materials while crude palm oil represented less than 20 percent. All the crude palm oil the company has used has been fully traceable to the oil palm plantation level since 2007, and 100% certified since 2013.

The food industry continues to be the world's largest consumer of palm oil representing over 71% of the global usage, biofuel industry some 16%, and chemical industry over 11% (source: USDA).


Neste Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:
Simo Honkanen, Senior Vice President, Sustainability and Public Affairs, tel. +358 10 458 4170, simo.honkanen(at)neste.com
Johan Lunabba, Director, Sustainability, tel +358 50 458 0795, johan.lunabba(@)neste.com

The website on Neste's crude palm oil supply chain
More about Neste's use of fully traceable, 100%-certified palm oil

Neste in brief
 
Neste (NESTE, Nasdaq Helsinki) creates sustainable choices for the needs of transport, businesses and consumers.  Our global range of products and services allows customers to lower their carbon footprint by combining high-quality renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner, whose expertise, R&D and sustainable practices are widely respected. In 2016, Neste's net sales stood at EUR 11.7 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. Read more: neste.com