Neste Corporation, Press Release, 17 January 2024 at 9 a.m. (EET)
Neste has been included in the Corporate Knights 2024 Global 100 Index of the most sustainable companies for the 18th consecutive time.
Corporate Knights analyzed over 6,700 companies against global industry peers, emphasizing the impact of a company’s core products and services. Among all companies included in the Global 100 list, Neste was placed 19th in the index. Neste was assessed under the Energy sector and was ranked also as the best in the sector.
“It is a great honor to be acknowledged among the world’s most sustainable companies, with other sustainability leaders in the index. I am proud of how we have incorporated sustainability as part of our business and how we have made systematic progress towards our long-term sustainability commitments. All the credit for this recognition goes to the global Neste team as well as our partners. In 2024, we will continue our comprehensive sustainability work with high ambition and strong commitment,” says Carl Nyberg, Executive Vice President, Renewables Supply Chain and Sustainability at Neste.
As the world’s leading producer of sustainable aviation fuel, renewable diesel and renewable feedstock solutions for various polymers and chemicals industry uses, Neste’s business is built upon sustainability and the standards for Neste’s sustainability work are high. Neste provides its customers and partners with low-emission solutions to the world's most pressing sustainability challenges. Renewable and circular solutions are Neste’s contribution to keeping societies running more sustainably and helping to reduce the dependency on virgin fossil raw materials. Besides increasing its renewable products production capacity, Neste recently completed a strategic study on transitioning its refinery in Porvoo, Finland, into a leading renewable and circular solutions refining hub in the mid-2030s.
The Global 100 Index is an annual ranking of corporate sustainability performance compiled by the independent consultancy Corporate Knights. The ranking is based on an assessment of 25 key performance indicators (KPIs) covering resource management, employee management and financial management as well as sustainable revenue, sustainable investment and supplier performance.
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Neste in brief
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials.
As the world’s leading producer of sustainable aviation fuel and renewable diesel and a forerunner in developing renewable and circular feedstock solutions for polymers and chemicals, Neste helps its customers to reduce their greenhouse gas emissions by at least 20 million tons annually by 2030.
The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. Neste is committed to reaching carbon-neutral production by 2035, and will reduce the carbon emission intensity of sold products by 50% by 2040. Neste has also set high standards for biodiversity, human rights and the supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2022, Neste's revenue stood at EUR 25.7 billion. Read more: neste.com