Neste Earns Top Spot on Dow Jones Sustainability Index for 18th Year
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Neste, a world leader in renewable diesel and lasting aviation fuel, has once again been recognized for its extraordinary commitment to sustainability.For the 18th consecutive year, the company has secured a place on the prestigious Dow Jones Sustainability indices (DJSI), solidifying its position as a key player in the global transition to a lower-carbon future.
NesteS inclusion in both the DJSI World and DJSI Europe indices underscores its consistent performance in environmental, social, and governance (ESG) criteria. The company received notably high marks for its human rights initiatives, biodiversity conservation efforts, climate change strategy, and robust supply chain management, outperforming many of its industry peers.
“Being recognized by the DJSI as one of the world’s leading sustainable companies is an honor for all of us,” said Päivi Makkonen, Neste’s VP of Sustainability. “In 2024, our renewable and circular solutions have helped societies around the world become more sustainable, and helped our customers and partners achieve their sustainability goals. This recognition inspires us to continue to work tirelessly to make our operations and the entire industry more sustainable.”
The Dow Jones Sustainability Indices are globally recognized benchmarks that assess thousands of companies based on their economic, environmental, and social performance. Companies are selected for the DJSI through a rigorous evaluation process conducted by S&P Global using the S&P Global Corporate Sustainability Assessment (CSA). Only the top performers in each industry are included, making Neste’s continued presence a testament to its unwavering dedication.
This latest accolade adds to Neste’s impressive list of sustainability recognitions,including accolades from CDP,sustainalytics,EcoVadis,the MSCI ESG Rating Index,and the Global 100. This consistent recognition across multiple leading sustainability ratings further validates Neste’s commitment to responsible business practices and its notable contributions to a more sustainable future.
About Neste
Neste (NESTE, Nasdaq Helsinki) creates renewable fuels and sustainable solutions from waste, residues, and innovative raw materials. The company’s commitment to sustainability extends throughout its operations,from sourcing raw materials to delivering its products to customers worldwide.
neste: A global Leader in Sustainable Fuels and Materials
Neste, a global leader in renewable diesel and sustainable aviation fuel, is making significant strides in combating climate change and promoting a circular economy. The company’s enterprising goals include reducing customer greenhouse gas emissions by at least 20 million tons annually by 2030 through its renewable and circular economy solutions. This commitment extends to its operations, wiht a target of making its Porvoo refinery in Finland the most sustainable of its kind in europe by 2030. Furthermore, Neste aims for carbon-neutral production by 2035 and a 50% reduction in the carbon intensity of its products by 2040.
Neste’s dedication to sustainability extends beyond its carbon footprint.The company has established high standards for biodiversity, human rights, and supply chain practices. This commitment is reflected in its consistent ranking among the world’s most sustainable companies, appearing on prestigious lists such as the Dow Jones Sustainability Index and the Global 100. In 2023, Neste’s revenues reached €22.9 billion, demonstrating the growing market demand for sustainable solutions.
Beyond its global impact, Neste’s commitment to sustainability is evident in its local operations. Neste Latvia,a subsidiary operating in the country for over three decades,has played a pivotal role in advancing modern fuel standards. The company’s activities encompass retail fuel sales, wholesale fuel and solvent trading, and the storage and transshipment of oil products at the Riga terminal. As its inception, Neste Latvia has invested over €70 million in the Latvian economy, and its network currently includes 77 fuel stations across the country.
Neste’s success highlights the increasing importance of sustainable practices in the energy sector. The company’s commitment to reducing emissions, promoting a circular economy, and upholding high ethical standards serves as a model for other businesses seeking to minimize their environmental impact. The company’s significant investments and ambitious goals demonstrate a clear path towards a more sustainable future, both globally and within specific markets like Latvia.
Learn more about Neste’s global initiatives at neste.com and explore Neste Latvia’s contributions at www.neste.lv.
NesteS 18th Year on DJSI Highlights: A Conversation on Leadership in Lasting Fuels
Neste’s consistent leadership in sustainable practices is highlighted by its 18th consecutive recognition on the Dow Jones Sustainability Indices.This achievement underscores the company’s commitment too environmental, social, and governance (ESG) criteria, setting a standard for the energy industry. To delve deeper into Neste’s accomplishments, we spoke with Dr. Anya Petrova, an expert in renewable energy and sustainable business practices.
A Legacy of Sustainability: 18 Years on the DJSI
World Today News: Dr. Petrova, Neste’s inclusion on the DJSI for 18 years straight is remarkable. What does this achievement signify for the company and the industry?
Dr. Petrova: This speaks volumes about Neste’s unwavering dedication to sustainability.It’s not simply about one good year; it’s about consistently integrating sustainable practices into every aspect of the business. Staying on the DJSI for 18 years shows a deep commitment, a strategic vision, and the ability to adapt and improve over time. It also challenges other companies in the energy sector to raise their own sustainability standards.
Championing ESG performance
World Today News: What specific ESG areas has Neste excelled in, as highlighted by the DJSI?
Dr. Petrova: The DJSI assessment considers a wide range of factors. Neste has particularly distinguished itself in areas like climate change strategy, supply chain management, human rights initiatives, and biodiversity conservation efforts. They invest in renewable energy sources, develop circular economy solutions, and prioritize responsible sourcing practices. This holistic approach to sustainability is truly commendable.
Renewable Solutions for a Greener Future
World Today News: Neste is a leader in renewable diesel and sustainable aviation fuel. How crucial are these solutions in addressing climate change?
Dr. Petrova: Decarbonizing transportation is vital in the fight against climate change,and Neste’s renewable fuels play a significant role. By utilizing waste and residues as feedstock, they offer a cleaner alternative to fossil fuels, reducing greenhouse gas emissions and promoting a circular economy.
Looking ahead: Continued Innovation and Sustainability
World Today News: What can we expect from Neste in terms of sustainability initiatives in the coming years?
Dr. Petrova: neste has set aspiring sustainability targets, including reducing customer greenhouse gas emissions by 20 million tons annually by 2030. They are continuously innovating to develop new renewable solutions and are committed to achieving carbon neutrality by 2035. Their dedication to transparency and continuous improvement ensures they will remain at the forefront of the sustainability movement.
