Neste recognized as world leader for corporate action on climate change, reaching the Climate A List of CDP
Neste Corporation
Press Release
25 October 2016 at 11.45 am (EET)
Neste recognized as world leader for corporate action on climate change, reaching the Climate A List of CDP
For the first time, Neste has reached the Carbon Disclosure Project's (CDP) highest Climate A List. This recognition is due to Neste's work in combating climate change. Of the thousands of companies involved in the climate change program, only 193 made it onto the list. Only five of all companies awarded a position on the A List represent the energy sector, which highlights Neste's exceptional role and actions within its industry on climate change. Of the energy sector players, Neste is the only company from the Nordics included in the A-list.
The A List recognizes companies that were considered to have most effectively tackled climate change, and adapted to it. Companies had to achieve over 75 percent of the total score in all the areas evaluated, including "Leadership". The reporting of A List companies on climate emissions also had to be public and sufficiently comprehensive, as well as for the most part certified by an independent third party, in accordance with an approved certification standard.
Building a low-carbon society is central to Neste's strategy
Neste is the world's leading developer of low-carbon solutions for road and air traffic, as well as the chemical and plastics industries worldwide.
"We support the Paris Agreement by operating more efficiently. But our major impact in climate change mitigation is achieved through offering our top-quality, drop-in solutions for a low-carbon society," says Neste's Senior Sustainability Advisor Pekka Tuovinen.
"By refining high-quality renewable fuels, last year we helped our customers cut their greenhouse gas emissions by as much as 6.4 million tons. Our aim is to increase this figure to 9.0 million tons," says Tuovinen.
"We congratulate the 193 A List companies that are leading the change towards our low carbon future. Companies are key actors in enabling the global economy to achieve its new climate goals, and the leadership of this group points the way for others to take bold action and capitalize on the many opportunities that await," says CDP's Chief Executive Officer Paul Simpson.
Further information: Pekka Tuovinen, Senior Advisor, Sustainability, tel. +358 10 458 4516, pekka.tuovinen(at)neste.com
The Carbon Disclosure Project is an international non-profit organization that supports sustainable economic development. Thousands of companies take part in CDP's annual Climate evaluation. Neste is among the nine percent selected on CDP's Climate A List. Based on the previous year's emission reporting, the list includes 14 Nordic companies. Six (including Neste) are from Finland, four from Sweden, three from Denmark and one from Norway. The list is available on the CDP website.
Read also: "Neste listed in the Dow Jones Sustainability Index already for the 10th time"
Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates sustainable choices for the needs of transport, businesses and consumers. Our global range of products and services allows customers to lower their carbon footprint by combining high-quality renewable products and oil products to tailor-made service solutions. We are the world's largest producer of renewable diesel refined from waste and residues, and we are also bringing renewable solutions to the aviation and plastics industries. We want to be a reliable partner, whose expertise, R&D and sustainable practices are widely respected. In 2015, Neste's net sales stood at EUR 11 billion, and we were on the Global 100 list of the 100 most sustainable companies in the world. More information: neste.com/en