Sustainability at Neste

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

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. 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, already available today, we want to show leadership and determination to play our part in limiting global warming to 1.5°C, meeting the objectives of the Paris Agreement. We also recognize the importance of just transition as envisaged by the Paris Agreement.

While working to tackle the global climate challenge and ecosystem decline, we acknowledge our social, environmental and economic role locally and globally. We have an impact on people and the environment within our own operations and throughout the value chain. We are committed to high ethical standards, we act responsibly and respect human rights wherever we operate. We expect the same from our suppliers and business partners.

Sustainability vision

We persistently take actions in all areas of our sustainability vision – throughout our operating countries, the value chain and our partners.

Climate

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

We are committed to

helping our customers to reduce their 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

Neste aims to drive a positive impact on biodiversity and achieve a nature positive** value chain by 2040.

Human rights

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

commit to paying all of our employees 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 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. This includes advancing diversity, equity and inclusion in our own business and supply chains.
ensure respect for human rights across Neste’s operations and value chains by carrying out ongoing human rights due diligence to identify, assess and address adverse human rights impacts and communicate on our performance.

Supply chain and raw materials

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

Sustainability governance

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

Economic responsibility

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

Sustainability at Neste