8 December 2020

Neste reaches Leadership level in CDP Climate Change assessment

Neste Corporation, Press Release, 8 December 2020 at 2 p.m. (EET)

Neste has achieved Leadership level and A- rating for its climate action by the non-profit Climate Disclosure Project (CDP). The company has reached the Leadership level (A or A-) since the current assessment system was introduced in 2016. 

In the result released by CDP on 8 December 2020, Neste is among the selected few Nordic companies in the climate leadership level. The ‘A-’ rating is based on Neste's climate-related sustainability performance in 2019. CDP Climate Change focuses on assessing corporate measures to combat climate risks and how companies take advantage of the business opportunities offered by low-emission products and services. 

“We are pleased with our ranking in CDP's Climate Change program. It is encouraging to see that our long-term sustainability efforts in combating the climate crisis and solid performance across different criteria are being recognized. A lot must still be done to solve one of the biggest challenges of our times, and we are constantly accelerating ways to reduce greenhouse gas emissions," says Peter Vanacker, President and CEO at Neste.

Neste has disclosed its climate change prevention measures for the past 14 years in CDP. For this ranking, CDP collected data from thousands of companies about their environmental impacts, risks and opportunities, for independent assessment against its scoring methodology. The purpose of the assessment is to recognize the role of enterprises in meeting the goals of international climate agreements.

Neste Corporation

Susanna Sieppi
Vice President, Communications

More information: Please contact Neste’s media service, tel. +358 50 458 5076 / media@neste.com (weekdays from 8.30 a.m. to 4.00 p.m. (EET)).

Neste in brief

Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. We refine waste, residues and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. We are the world’s leading producer of renewable diesel and sustainable aviation fuel, developing chemical recycling to combat the plastic waste challenge. We aim at helping customers to reduce greenhouse gas emissions with our renewable and circular solutions by at least 20 million tons annually by 2030. As a technologically advanced refiner of high-quality oil products with a commitment to reach carbon-neutral production by 2035, we are also introducing renewable and recycled raw materials such as waste plastic as refinery raw materials. We have consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2019, Neste's revenue stood at EUR 15.8 billion, with 82% of the company’s comparable operating profit coming from renewable products. Read more: neste.com