Neste Oyj is a Finnish refining and marketing company headquartered in Espoo, renowned as the world's leading producer of sustainable aviation fuel and renewable diesel. It refines waste, residues, an... Neste Oyj is a Finnish refining and marketing company headquartered in Espoo, renowned as the world's leading producer of sustainable aviation fuel and renewable diesel. It refines waste, residues, and other renewable raw materials—such as used cooking oils, animal fats, and vegetable oil residues—into high-quality renewable fuels and feedstock for polymers and chemicals at refineries in Finland, the Netherlands, Singapore, and through a joint venture in the United States. With an annual nameplate capacity of approximately 5.5 million tons for renewable products, Neste plans to expand to 6.8 million tons by 2027, including transformations at its Porvoo and Rotterdam sites. The company operates nearly 1,000 service stations across Finland and the Baltic states, supports customers in reducing greenhouse gas emissions by up to 20 million tons of CO2e annually by 2030, and maintains a strong commitment to safety and sustainability. Founded in 1948 to secure Finland's oil supply, Neste has evolved from a traditional oil refiner into a global leader in renewable and circular economy solutions, employing around 5,800 people worldwide.
In 2025, Neste was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Neste has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Neste are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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9.1 CCM - Close to market research, development and innovation
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Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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Limited Data Preview
You are viewing a limited preview of Neste’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2021.
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a. Neste's Annual Report 2025
b. Neste's Annual Report 2024
c. Neste's Annual Report 2023
d. Neste's Annual Report 2022
Insights into Neste's Revenues from Sustainable Activities
In 2025, Neste reported EU Taxonomy-eligible revenues of EUR 6.99 billion, representing 37% of its total turnover. Of this amount, EUR 6.44 billion of Neste's revenues was classified as EU Taxonomy-aligned, indicating that 34% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Neste's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Neste's revenues become more sustainable over time?
Compared to the previous year (2024), Neste's taxonomy-aligned revenues increased by 30.77%,highlighting Neste's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Neste's revenue is eligible under the EU Taxonomy?
In 2025, Neste reported that EUR 6.99 billion of its revenue was eligible under the EU Taxonomy, representing 37% of the company's total turnover. Of this amount, EUR 6.44 billion (34% of total revenue) was classified as Taxonomy-aligned. This means that 3% of Neste's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Neste's eligible revenue is aligned with the EU Taxonomy?
In 2025, Neste reported that EUR 6.44 billion of its revenue was aligned under the EU Taxonomy, representing 34% of its total turnover.a
This moderate level of alignment indicates that Neste has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Neste's Eligibility & Alignment Overview
Neste's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Neste's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Neste reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 34%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Neste earn from selling climate-related solutions ?
In 2025, Neste reported that EUR 6.47 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 34% of the company's total revenue,indicating that Nestehas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Neste's CAPEX from Sustainable Activities
In 2025, Neste reported EU Taxonomy-eligible CAPEX of EUR 922.00 million,representing 74% of its total CAPEX. Of this amount, EUR 786.00 million of Neste's CAPEX was classified as EU Taxonomy-aligned, indicating that 63% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Neste's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Neste's increased its investment in sustainable activities over time?
Compared to the previous year (2024), Neste's taxonomy-aligned CAPEX increased by 6.78%,highlighting Neste's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Neste's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Neste reported that EUR 922.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 74% of the company's total CAPEX. Of this amount, EUR 786.00 million (63% of total CAPEX) was classified as Taxonomy-aligned. This means that 11% of Neste's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Neste's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Neste reported that EUR 786.00 million of its CAPEX was aligned under the EU Taxonomy, representing 63% of its total capital investment.a
This strong alignment suggests that Neste is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.
Neste's Eligibility & Alignment Overview
Neste's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Neste's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Neste reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 63%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Neste is investing in climate-related solutions?
In 2025, Neste allocated EUR 789.39 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 63% of the company's total capital expenditure,indicating that Nesteis prioritizing climate-focused investments as a central part of its overall capital strategy.a
Insights into Neste's OPEX from Sustainable Activities
In 2025, Neste reported EU Taxonomy-eligible OPEX of EUR 159.00 million,representing 53% of its total operating expenses (OPEX). Of this amount, EUR 139.00 million of Neste's OPEX was classified as EU Taxonomy-aligned, indicating that 46% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Neste's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Neste's increased its spending in sustainable activities over time?
Compared to the previous year (2024), Neste's taxonomy-aligned OPEX decreased by 6.12%, suggesting that Neste may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Neste's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Neste reported that EUR 159.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 53% of the company's total OPEX. Of this amount, EUR 139.00 million (46% of total OPEX) was classified as Taxonomy-aligned. This means that 7% of Neste's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Neste's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Neste reported that EUR 139.00 million of its OPEX was aligned under the EU Taxonomy, representing 46% of its total operational expenditure.a
This moderate level of alignment indicates that Neste is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Neste's Eligibility & Alignment Overview
Neste's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Neste's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Neste reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 46%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Neste's operational budget supports climate-related solutions?
In 2025, Neste allocated EUR 139.38 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 46% of the company's total OPEX,indicating that Nesteis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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