Neste lives up to its financial responsibility by ensuring that it is profitable and competitive. By operating profitably and competitively, we make ourselves a profitable investment, a significant employer, a reliable partner and a good corporate citizen.
A financially solid company can address the needs of its stakeholders, take care of its social and environmental obligations, as well as sponsoring activities for the public good.
Comparable return on average capital employed after tax (comparable ROACE) of at least 15% is the key indicator of our financial performance. Another important financial goal is to keep our leverage ratio below 40%.
Taxes and tax-like fees
We support the functioning of society and the provision of local services in all countries in which we operate by way of paying taxes and creating jobs. The taxes and tax-like fees paid and remitted by Neste were a significant source of income to public administrations also in 2022, when we supported the societies altogether with 4.6 billion euros.
We publish our Tax Footprint statement annually.
Read more about Neste's Tax Strategy.
Stockpile fee and Oil Pollution Compensation Fund
We pay strategic stockpile fees on the fuels we sell to the Finnish National Emergency Supply Fund, and oil protection fees on the crude oil that we import.
The National Emergency Supply Fund is responsible for securing society's needs in the event of emergencies, while the Oil Pollution Compensation Fund, managed by the Ministry of the Environment. The fund is responsible for acquiring equipment to deal with possible oil spills and for reimbursing people affected by spills when the cause of an incident is unknown, or the party responsible is unable to pay the compensation in question.