Neste sets high standards for sustainability. Our broadened sustainability vision is an integral part of the new wave of Neste’s transformation: we take the lead to transform towards a carbon neutral and nature positive value chain, and set ourselves aspirational targets for biodiversity, human rights, and our supply chain & raw materials.
We are committed to transformation towards a carbon neutral value chain. Our two existing and ambitious climate commitments – reaching carbon neutral production (Scope 1 & 2*) by 2035 and helping our customers reduce their greenhouse gas emissions by at least 20 million tons of CO2e annually by 2030 – are well on track.
We have also set a concrete target for Scope 3 emissions to reduce the use phase emission intensity* of sold products by 50% by 2040 compared to 2020 levels. This target will be achieved through Neste’s transformation towards increasing the share of renewable and circular solutions as well as working with our suppliers and partners to reduce emissions across our value chain.
Biodiversity is closely interlinked with the question on climate change. Our vision now is to drive a positive impact on biodiversity and achieve a nature positive value chain. We aim at creating net positive impacts for biodiversity from new activities from 2025 onwards.
So far, we have committed to combating deforestation in our supply chains, required the same from all our suppliers, and spearheaded transparency in our industry’s supply chain.
Our vision is to create a more equitable and inclusive value chain in which everyone works with dignity. Priorities include requiring and securing living wages as well as using our platforms to increase children’s access to education and reduce inequalities across the value chain.
As is the case with all our focus areas, human rights are best advanced through collaboration. As an example, we have signed two partnership promises with Unilever on collaboratively advancing living wages as well as supplier equity, diversity and inclusion.
Supply chain & raw materials
Our supply chains and raw materials are critically important for reaching our sustainability ambitions. Our vision is to drive a safe and healthy workplace, fair labor practices and increased commitment across the supply chain. We include human rights, biodiversity and climate targets as key criteria for suppliers.
We continue to require 100% of our suppliers to be committed to our supplier’s code of conduct and have a grievance process that we will continue to develop to ensure that it is best-in-class.
Want to know more about our sustainability vision? Read here.
*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).