- Supply chain disruptions
- Competition for key raw materials
- Entering new markets
- Regulatory changes limiting the competitiveness of renewable fuels or narrowing the eligibility of key raw materials
- Accelerated alternative technology development
Neste Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Neste Corporation disclosed greenhouse gas emissions of 2.8 MtCO2e (scopes 1 & 2). By scope: Scope 1: 2.3 MtCO2; Scope 2: 0.5 MtCO2e; Scope 3: 49.8 MtCO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
2.8 MtCO2e (scopes 1 & 2)
2023
Renewable Energy
16.1% of total energy use
of total energy
Water Usage
9.4M m3/a
2023
Waste
301.0K tons
2023
Energy Use
12.6 TWh
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 2.3 MtCO2 |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 0.5 MtCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 49.8 MtCO2e |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 2.8 MtCO2e (scopes 1 & 2) |
| 2022 | 2.5 MtCO2e (Scope 1 & 2) |
| 2021 | 3.4 MtCO2 (Scope 1 & 2) |
| 2020 | 48.0M tCO2e/year (Scope 3) |
| 2012 | 3.5M tCO2e/year (direct) + 229800 tCO2e/year (indirect) |
| 2011 | 3.7M tCO2e (direct) + 165300 tCO2e (indirect) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced refinery inputs of conventional palm oil to zero by the end of 2023.
- Enabled customers to reduce GHG emissions by 11.0 million tons in 2023.
- Increased share of renewable electricity to 99.6% of total purchased electricity.
- Completed the expansion of its Singapore refinery, increasing production capacity to 2.6 million tons per year, including up to 1 million tons of sustainable aviation fuel.
- Started operations at the Martinez Renewables refinery in the US, increasing renewable products capacity by slightly over 1 million tons per year.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce production (scopes 1 & 2) emissions by 50% by 2030 compared to 2019.
📅 Medium-term
- Reach carbon neutral production by 2035.
- Achieve 30% reduction in use phase GHG emission intensity of sold products by 2030.
🔭 Long-term
- Reduce use phase emission intensity of sold products by 50% by 2040 compared to 2020 levels.
- Lead transformation toward a carbon neutral value chain by 2040.
- Achieve a nature positive value chain by 2040.
🌱 ESG Focus Areas
ClimateBiodiversityHuman rightsSupply chain and raw materials