Carbon footprint
A carbon footprint is a measure of the total greenhouse gas (GHG) emissions caused by an individual, event, organization, service, place or product. It is typically measured as tons of CO2 equivalent (CO2e) per defined function or unit.
An organization’s carbon footprint refers to the GHG emissions caused over one year in its own operations, and often also across the value chain. Neste’s carbon footprint includes GHG emissions across the value chain, for example from Neste’s own production sites, logistics and sold products.
Carbon neutral production by 2035
Our target is to reduce production (scopes 1 & 2) emissions by 50% by 2030 compared to 2019, and reach carbon neutral production by 2035.
We have identified and taken several measures to reduce GHG emissions in our production (scopes 1 & 2). We met our short-term target of 100% renewable electricity procurement globally in 2023 with electricity supplier contracts and additional market measures. In 2024, solar power supply started from the Lakari solar plant in Rauma, Finland. In the medium-term, we will focus on improving energy efficiency and electrification, and in the long-term, our decarbonization actions include scaling new technologies and evaluating alternative pathways for replacing fossil hydrogen use at our refineries.
In 2023, Neste completed the strategic study on gradually transforming its crude oil refinery in Porvoo, Finland, into a leading renewable and circular solutions refining hub. The planned transformation will proceed in phases, and requires multiple separate investment decisions during the next decade before targeted completion.
Read more about the different measures from our Annual report.
Leading the transformation towards carbon neutral value chain by 2040
The most relevant scope 3 emission category for Neste is the use phase emissions of the products produced and sold by Neste. Our target is to reduce the use phase emission intensity of sold products by 50% by 2040 compared to 2020. To meet the target, we will further increase the share of renewable and circular products in our product portfolio.
For other scope 3 areas, GHG emissions related to purchased goods, such as raw materials, purchased services, transportation and logistics are important topics for Neste’s value chain emissions. We continue to strengthen our capabilities across the organization and build our action plan for scope 3 together with our suppliers and partners.
Share this