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Managing sustainability

The Executive Committee approves our sustainability priorities. Responsibility for individual corporate sustainability targets is shared between the members of the Executive Committee. 

The Vice President, Sustainability, is responsible for ensuring that relevant management processes relating to material corporate sustainability topics are being developed and implemented as part of our strategy. The relevant Business Units and Functions will reserve the needed resources within their scope to implement the actions commonly agreed in the Executive Committee. 

In 2019, we established an external independent Advisory Council on Sustainability and New Markets. The Council consists of a group of carefully selected experts able to provide strategic insight, guidance and assistance. They are committed to helping accelerate Neste’s transformation and extend its leadership activities. Read more about the Council from the Sustainability Report on page 41.

Sustainability work is the enabler of our business strategy. Sustainability targets are an integral part of the business area objectives that require sharing of competence and cooperation across organizational lines.

Our business units are supported by our Sustainability organization, as well as Human Resources and Health, Safety and Environment (HSE) organizations. These share the responsibility of managing Neste’s sustainability efforts.

Our global sustainability commitments

With our renewable and circular low-emission solutions, we contribute to the implementation of the Paris Agreement, and the United Nations’ Sustainable Development Goals (SDG). Read more about the nine priority SDGs for Neste.

We are also committed to supporting the Task Force on Climate-related Financial Disclosures (TCFD) reporting and are a member of the World Business Council for Sustainable Development (WBCSD).

Neste is a signatory of the United Nations Global Compact (UNGC) initiative, whose ten universal principles are based on fundamental responsibilities in the areas of human rights, labour, environment and anti-corruption. Neste Annual Report is compliant with the UNGC reporting requirements and along with the Communication on Progress shows how we implement the ten principles and support broader UN goals.

See a more detailed list on our involvement in other organizations and projects