Sustainability at Neste

People sitting on a rock by the water.

We provide our customers and partners with low-emission solutions to the world's most pressing sustainability challenges. Our renewable and circular solutions are our contribution to keeping societies running more sustainably and helping to reduce the dependency on virgin fossil raw materials.

Sustainability vision

Our work is guided by the Neste sustainability vision, in which we have set ourselves aspirational targets for climate, biodiversity, human rights, as well as our supply chain and raw materials – issues that are all increasingly interlinked. Together with our partners, we are aiming for a carbon neutral and nature positive value chain by 2040.

With our ambitious sustainability commitments and solutions, available already today, we are committed to limiting global warming to 1.5°C and meeting the objectives of the Paris Agreement.

Our sustainability vision pushes our strategic actions forward. We persistently make progress and take actions on many fronts – within all of our sustainability key areas and throughout our operating countries, the value chain and our partners.

Climate icon | Neste

Neste leads transformation towards a carbon neutral value chain by 2040.

We lead transformation towards a carbon neutral value chain by 2040.

We are committed to

  • reduce our customers’ greenhouse gas emissions by at least 20 million tons annually by 2030 with our renewable and circular solutions.

  • reduce emissions in our own production (scope 1 & 2) by 50% by 2030 compared to 2019 level, and reach carbon neutral production by 2035.

  • reduce the use phase emission intensity* of sold products by 50% by 2040 compared to 2020 levels.

  • work with our suppliers and partners to reduce emissions across the entire value chain (scope 3).

*) Use phase emission intensity is calculated by dividing the emissions from the use of products sold by Neste with the total amount of sold energy (gCO2e/MJ).

Biodiversity icon | Neste

We drive a positive impact on biodiversity and achieve a nature positive value chain.

Biodiversity is closely linked with climate change. Our vision now is to drive a positive impact on biodiversity and achieve a nature positive** value chain by 2040.

We

  • aim at creating net positive impacts (NPI) for biodiversity from new activities from 2025 onwards.

  • target no net loss (NNL) of biodiversity from all ongoing activities by 2035.

**) Nature positive aims at halting and reversing nature loss, positive impacts outweighing the adverse impacts.

Human rights icon | Neste

Neste strives to create a more equitable and inclusive value chain by 2030 in which everyone works with dignity.

We

  • commit to paying all of our employees at least a living wage, take action to promote living wages in Neste’s supply chains, and require strategic contractors and suppliers to pay their employees a living wage by 2030.

  • commit to and promote the Employer Pays Principle, with implementation in high-risk areas by 2030, to ensure that no worker pays for a job and the costs of recruitment are paid for by the employer, not the worker.

  • work together with our stakeholders to increase children’s access to education by 2030, and promote respect for children’s rights by actively supporting and participating in initiatives aimed at keeping children in school.

  • reduce inequalities across the value chain and address the root causes of systemic human rights issues by 2030.

Globally sourced icon | Neste

Neste drives safe and healthy workplace, fair labor practices and increased sustainability commitment across the supply chain.

We

  • require 100% of suppliers and other business partners to be committed to Neste Supplier Code of Conduct and have the best-in-class grievance processes.

  • include human rights, biodiversity and climate targets as key criteria for suppliers as we drive diversification and increased availability of sustainable raw materials.

Sustainability governance at Neste

Sustainability governance

Neste’s sustainability vision and objectives are an instrumental part of our strategy, guiding us on our growth and transformation journey.

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By operating profitably and competitively, Neste makes itselves a profitable investment, a significant employer and a reliable partner.

Economic responsibility

By operating profitably and competitively, we make ourselves a profitable investment, a significant employer, a reliable partner and a good corporate citizen.

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