Economic responsibility
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.
We are targeting EUR 350 million EBITDA run rate improvement by the end of 2026 from our performance improvement program, of which EUR 250 million from operational costs. We are committed to maintaining our leverage below 40%.
Value creation
We provide value for society by developing renewable, lower-emission solutions for transportation, aviation, marine and other industrial uses.
Our sustainability vision is a carbon-neutral and nature-positive value chain by 2040, which can be achieved in collaboration with our customers and partners.
Our value creation is based on high-quality products, a global business model for raw material sourcing and product sales, in-depth knowledge of regulations and global customer requirements for both fossil and renewable products, as well as continuous innovation and development of products and solutions. Non-financial assets, for example production, sales, and sourcing expertise are also an essential part of our value creation.
See our value creation map in our Annual Report 2024.
Clean revenue and investments
Economic value retained
Neste's tax footprint
We support the functioning of societies and their ability to provide public 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 2024, when we supported the societies altogether with 3.4 billion euros.
Green finance
Neste’s Green Finance Framework is focused on the development and investments in renewable and circular solutions with the purpose of reducing greenhouse gas emissions globally.
Annually, Neste publishes a Green Finance Report which covers the use of proceeds of green financing issued under the Green Finance Framework. The company will allocate the net proceeds of the Green Debt to finance Eligible Assets and Projects that have been evaluated and selected by the Green Finance Committee. The Eligible Assets and Projects must fall within the eco-efficient and circular economy adapted products, production technologies and processes category. Read more about Neste's approach to green finance here.
The Green Finance Report, which covers green financing activities in 2022, demonstrates our commitment to combating climate change and accelerating a shift towards a circular economy.
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