Neste continues to surge in brand value, reinforcing its status as the 2nd most valuable Finnish brand
Neste Corporation, News, 11 April 2023
For the second consecutive year, Neste has been ranked as the 2nd most valuable Finnish brand by Brand Finance, the world's leading independent brand valuation and strategy consultancy.
According to the Brand Finance Finland 25 2023 ranking published in the beginning of April, Neste's brand value increased by 27% to reach EUR 2.8 billion in 2023. This makes it the 2nd most valuable brand in Finland. With these latest figures, the Neste brand value has grown by 93% since 2020.
Brand Finance has calculated the brand value of the Neste brand six times between 2018 and 2023. This year’s report highlights that, ”in the midst of geopolitical and financial turbulence, Neste has shown resilience. It has continued to work on its renewables growth strategy and transformation through progress in investments and acquisitions."
Every year, Brand Finance evaluates 5,000 of the world’s biggest brands. In the Brand Finance Finland 25 2023 report, the Finnish brands were evaluated with Royalty Relief methodology focusing on the areas of Brand Strength, Royalty Range and Forecast Revenues.
Further information: 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/for-media/releases-and-news/subscribe.
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 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com
