Neste Recognized with Leadership Status and A− Rating by CDP for Climate Actions

Neste Recognized with Leadership Status and A− Rating by CDP for Climate Actions

(IN BRIEF) Neste has achieved Leadership status and an A− rating for its climate actions in the annual assessment conducted by the global non-profit organization CDP. This recognition is for Neste’s environmental transparency and climate performance. The company has consistently maintained its Leadership status in the Climate Change assessment for eight consecutive years. Neste also received favorable ratings in CDP’s Forests and Water Security assessments, particularly for responsible practices in palm oil and cattle products. These assessments reflect Neste’s commitment to sustainability and its aim to lead the way towards a carbon-neutral value chain by 2040.

(PRESS RELEASE) ESPOO, 6-Feb-2024 — /EuropaWire/ — Neste (HEL: NESTE), the world’s leading producer of sustainable aviation fuel and renewable diesel, and renewable feedstock solutions for various polymers and chemicals industry uses, has once again achieved recognition for its commitment to environmental transparency and climate performance. The global non-profit organization CDP has awarded Neste the prestigious Leadership status and an A− rating for its climate actions. This marks the eighth consecutive year that Neste has been included in the Leadership (A or A−) category for Climate Change assessment.

Neste’s dedication to sustainability is further exemplified by its impressive results in CDP’s Forests and Water Security assessments for the year 2022. In the Forests category, Neste received A− ratings for both palm oil and cattle products, showcasing responsible practices in these areas. Additionally, Neste earned a commendable B rating in the Water Security assessment, reflecting its commitment to efficient water management and efforts to reduce water consumption.

Carl Nyberg, Executive Vice President of Renewables Supply Chain and Sustainability at Neste, expressed satisfaction with the company’s recognition in CDP’s assessments, saying, “We are very pleased with our acknowledgement in CDP’s assessments. At Neste, we have set ambitious targets for both climate and biodiversity, and we work persistently to achieve them. Being recognized among the most sustainable companies encourages us to continue on our path to provide more sustainable solutions for our customers.”

For the past 17 years, Neste has been diligently disclosing its climate change prevention measures to CDP. These measures encompass the company’s strategy to mitigate climate risks and capitalize on opportunities arising from low-emission products and services. Neste remains committed to leading the transformation toward a carbon-neutral value chain by 2040 through ambitious climate initiatives.

CDP’s assessments encompass a thorough evaluation of companies’ ability to manage and measure forest-related risks and opportunities, transparency, and their commitment to actively restore forests and ecosystems in the Forests assessment. Neste consistently discloses its forest footprint as part of the CDP program. In the Water Security category, Neste not only prioritizes efficient water management but also strategically responds to water-related risks, striving to minimize water consumption wherever feasible.

Susanna Sieppi
Vice President, Communications and Brand (act.)

Further information: Please contact Neste’s media service, tel. +358 800 94025 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. EET). Please subscribe to Neste’s releases at https://www.neste.com/for-media/releases-and-news/subscribe.

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

SOURCE: Neste Corporation