Neste has published its Green Finance Report for 2024

Neste Corporation, Press Release, 23 May 2025 at 9 a.m. (EET)

Neste has today published its annual Green Finance Report for 2024. The Green Finance Report, which covers green financing activities in 2024, demonstrates our commitment to producing renewable fuels and thereby mitigating climate change and accelerating a shift to a circular economy.

Neste has been a pioneer in the green transition for years, and we have made substantial investments in renewables. For the year ending 31 December 2024, we are pleased to announce the allocation of EUR 770 million to our eligible assets and projects in Singapore, Rotterdam and Martinez. EUR 650 million was allocated to Neste’s expansion project in Rotterdam. After its completion in 2027, Rotterdam refinery's production capacity will increase to 2.7 million tons of renewable products annually, making it the world’s largest renewables refinery and increasing Neste’s renewables production capacity to 6.8 million tons per year.

In 2024, Neste raised EUR 550 million in green term loans, increasing its green debt portfolio to EUR 3,150 million. At the end of 2024, total allocated use of proceeds was EUR 2,730 million, leaving EUR 420 million unallocated and eligible for future allocation.

“Despite the evolving ESG investment landscape, the underlying story for the urgent need of green transition remains robust. This is demonstrated by the strong support for our efforts to drive climate change mitigation with our renewable solutions,” says Katariina Perkkiö, Vice President, Treasury and risk management at Neste.

Neste reports on the allocation and impact of green financing issued under the Green Finance Framework annually. In February 2024, Neste published a new Green Finance Framework to align with the latest market standards. This replaced Neste’s earlier Green Finance Framework published in 2021. Neste’s Green Finance Report 2024 and the Green Finance Framework are available on our website.

Neste Corporation

Hanna Maula
Senior Vice President, Communications, Marketing, Sustainability and Public Affairs

Further information:

To follow the work within sustainable finance and to access the Green Finance Framework, the Second Opinion, the Green Finance Reports and the Green Finance Framework Q&A, please visit: https://www.neste.com/investors/credit/green-finance.

Please contact Neste's media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/media/subscribe.

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for mitigating climate change and accelerating a shift to a circular economy. The company is the world’s leading producer of sustainable aviation fuel (SAF) and renewable diesel, enabling its customers to reduce their greenhouse gas emissions. Neste refines waste, residues and other renewable raw materials to high-quality renewable fuels at its refineries located on three continents. The company’s annual renewable fuels production capacity will be increased to 6.8 million tons in 2027. 

Neste has high standards for sustainability and the company has consistently been recognized by several leading sustainability indices. In 2024, Neste's revenue stood at EUR 20.6 billion. Read more: neste.com