Neste Oyj
Neste's GHG Emissions Data Preview
In 2023, Neste completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).
Neste has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Neste's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Neste amounted to 2,794,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Neste increased by 11.67%, suggesting that the company faced challenges in reducing its emissions from its core operations.
Neste's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Neste's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Neste were 2,291,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Neste reduced its Scope 1 emissions over time?
Since 2020, Neste's Scope 1 emissions have increased by 6.61%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Neste's Scope 1 emissions increased by 10.41%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.
What are Neste's Scope 2 emissions?
In 2023, Neste reported Scope 2 greenhouse gas (GHG) emissions of 463,000 tCOâ‚‚e using the market-based method, and 503,000 tCOâ‚‚e using the location-based method.
Has Neste reduced its Scope 2 emissions over time?
Since 2020, Neste's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 19.52%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), Neste's Scope 2 emissions (Location-Based) rose by 17.8% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy
What methodology does Neste use for Scope 2 reporting?
In 2023, Neste reported its Scope 2 emissions using the market-based method and using the location-based method.
Neste's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Neste's Value Chain Emissions
In 2023, Neste reported 58,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Neste includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Neste's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Neste's Scope 3 emissions?
In 2023, Neste reported total Scope 3 emissions of 58,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 15.5% of these emissions originated from upstream activities such as purchased goods and capital goods, while 84.5% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Neste reduced its Scope 3 emissions over time?
Since 2020, Neste's Scope 3 emissions have increased by 21.34%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Neste's Scope 3 emissions increased by 38.1%, suggesting that the company faced challenges in reducing emissions across its value chain.
What categories of Scope 3 emissions does Neste disclose?
In 2023, Neste reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Neste's Scope 3 emissions?
In 2023, the largest contributors to Neste's Scope 3 emissions were:
- Use of Sold Products (Cat. 11): 47,700,000 tCOâ‚‚e (82.6%)
- Purchased Goods and Services (Cat. 1): 5,800,000 tCOâ‚‚e (10.04%)
- Upstream Transportation and Distribution (Cat. 4): 2,000,000 tCOâ‚‚e (3.46%)
Neste's Scope 3 Emissions by Categories
Insights into Neste's Total Carbon Footprint
In 2023, Neste reported a total carbon footprint of 60,794,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 36.61% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.
The largest contributor to Neste's total carbon footprint was Scope 3 emissions, accounting for 95.4% of the company's total carbon footprint, followed by Scope 1 emissions at 3.77%.