Neste Corporation, News, 5.3.2022
At Neste, we are appalled and concerned about the war in Ukraine, which is a clear violation of international law and principles of human rights. We, along with so many businesses and individuals, condemn the invasion by Russia.
We have witnessed strong support for Ukraine among our employees, our customers and the international community. The war has caused and continues to cause human suffering. We are providing humanitarian support by donating to two organizations, The Red Cross and UNICEF, and we continue to look for ways in which we can help.
We also continue to monitor the development of sanctions and restrictions. We have taken decisive action in redirecting our sourcing and sales, and we aim to secure the supply of our products in all situations.
Our thoughts are with the Ukrainian people and all those who are affected.
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce their greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. Our ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. We are introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. We have committed to reaching carbon-neutral production by 2035, and we will reduce the carbon emission intensity of sold products by 50% by 2040. We also have set high standards for biodiversity, human rights and supply chain. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion. Read more: neste.com