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Neste Oyj

Common Name
Neste
Country
Finland
Sector
Energy
Industry
Oil & Gas Refining & Marketing
Employees
4,891
Ticker
NESTE
Exchange
Nasdaq Helsinki
Description
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's GHG Emissions Data Preview

In 2025, 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 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
2,669,000a
2,290,000a
2,291,000b
Total Scope 2
Market-Based
412,000a
393,000a
463,000b
Location-Based
466,000a
470,000a
503,000b
Total Scope 3
51,590,000a
56,490,000a
58,000,000b
Total Scope 1 Revenue Intensity (tCO2e/$M)
119.3844a
106.6451a
90.2819b
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Verified Sources Behind Neste’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform.

a. Neste's Annual Report 2025
b. Neste's Annual Report 2024

Insights into Neste's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Neste amounted to 3,135,000 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).a

Compared to 2024, the total operational greenhouse gas (GHG) emissions of Neste increased by 13.59%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Neste's Scope 1 Emissions Over Time

20192020202120222023202420250700 k1.4 M2.1 M2.8 MtCO2e-17%-15%+14%+10%0%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Neste's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Neste were 2,669,000 metric tons of CO₂ equivalent (tCO₂e).a

Has Neste reduced its Scope 1 emissions over time?

Since 2019, Neste's Scope 1 emissions have increased by 3.45%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2024), Neste's Scope 1 emissions increased by 16.55%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Neste's Scope 2 emissions?

In 2025, Neste reported Scope 2 greenhouse gas (GHG) emissions of 412,000 tCO₂e using the market-based method and 466,000 tCO₂e using the location-based method.a

Has Neste reduced its Scope 2 emissions over time?

Since 2019, Neste's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Neste's emissions have plateaued with no significant change in its energy consumption footprint.a

Compared to the previous year (2024), Neste's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Neste's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Neste use for Scope 2 reporting?

In 2025, Neste reported its Scope 2 emissions using the market-based method and using the location-based method.a

Neste's Scope 2 Emissions Over Time

20192020202120222023202420250250 k500 k750 k1 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Neste's Value Chain Emissions

In 2025, Neste reported 51,590,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2025 disclosure of Neste includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Neste's Scope 3 Emissions Over Time

202020212022202320242025015 M30 M45 M60 MtCO2e-26%+19%+38%-3%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Neste's Scope 3 emissions?

In 2025, Neste reported total Scope 3 emissions of 51,590,000 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 12.5% of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.5% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2024), Neste's Scope 3 emissions remained relatively stable, indicating that Neste's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Neste disclose?

In 2025, Neste reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

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 2025, the largest contributors to Neste's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 42,240,000 tCO₂e (81.88%)
  • Purchased Goods and Services (Cat. 1): 5,070,000 tCO₂e (9.83%)
  • Investments (Cat. 15): 1,790,000 tCO₂e (3.47%)

Neste's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(9.8%)Investments(Cat. 15)(3.5%)Use of Sold Products(Cat. 11)(81.9%)

Insights into Neste’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Neste reported Scope 1 greenhouse gas (GHG) emissions of 2,669,000 tCO₂e and total revenues of USD 22,356 millions. This translates into an emissions intensity of 119.38 tCO₂e per millions USD.a

Neste's Scope 1 Emissions Intensity Compared to Peers

1,00020,000500,00010,000,000200,000,000Scope 1 Emissions (tCO2e)2,00010,00020,000100,000500,000Revenues (Millions of USD)Hindustan PetroleumYear: 2025Scope 1: 5,510,000 tCO2eRevenue: $M 50,562Scope 1 Intensity: 108.97 tCO2e/$MPhillips 66Year: 2024Scope 1: 32,700,000 tCO2eRevenue: $M 143,153Scope 1 Intensity: 228.43 tCO2e/$MMarathon PetroleumYear: 2024Scope 1: 34,600,000 tCO2eRevenue: $M 138,864Scope 1 Intensity: 249.16 tCO2e/$MValero EnergyYear: 2024Scope 1: 24,300,000 tCO2eRevenue: $M 129,881Scope 1 Intensity: 187.09 tCO2e/$MReliance IndustriesYear: 2025Scope 1: 36,459,294 tCO2eRevenue: $M 112,908Scope 1 Intensity: 322.91 tCO2e/$MIdemitsu KosanYear: 2024Scope 1: 12,445,000 tCO2eRevenue: $M 57,575Scope 1 Intensity: 216.15 tCO2e/$MSK InnovationYear: 2024Scope 1: 9,669,648 tCO2eRevenue: $M 50,918Scope 1 Intensity: 189.91 tCO2e/$MBharat PetroleumYear: 2025Scope 1: 9,935,960 tCO2eRevenue: $M 51,350Scope 1 Intensity: 193.50 tCO2e/$MENEOS HoldingsYear: 2024Scope 1: 22,180,000 tCO2eRevenue: $M 81,515Scope 1 Intensity: 272.10 tCO2e/$MIndian OilYear: 2025Scope 1: 21,240,000 tCO2eRevenue: $M 88,729Scope 1 Intensity: 239.38 tCO2e/$MNorth Atlantic EnergiesYear: 2024Scope 1: 2,254,000 tCO2eRevenue: $M 18,673Scope 1 Intensity: 120.71 tCO2e/$MBangchakYear: 2024Scope 1: 978,014 tCO2eRevenue: $M 16,771Scope 1 Intensity: 58.31 tCO2e/$MSarasYear: 2023Scope 1: 5,603,437 tCO2eRevenue: $M 12,666Scope 1 Intensity: 442.41 tCO2e/$MViva Energy GroupYear: 2024Scope 1: 1,073,592 tCO2eRevenue: $M 18,598Scope 1 Intensity: 57.73 tCO2e/$MParkland CorpYear: 2023Scope 1: 507,392 tCO2eRevenue: $M 24,513Scope 1 Intensity: 20.70 tCO2e/$MPTT Oil and Retail BusinessYear: 2024Scope 1: 5,137 tCO2eRevenue: $M 21,081Scope 1 Intensity: 0.24 tCO2e/$MPBF EnergyYear: 2024Scope 1: 10,460,000 tCO2eRevenue: $M 33,115Scope 1 Intensity: 315.87 tCO2e/$MAmpolYear: 2024Scope 1: 670,509 tCO2eRevenue: $M 21,599Scope 1 Intensity: 31.04 tCO2e/$MUltrapar ParticipacoesYear: 2024Scope 1: 27,322 tCO2eRevenue: $M 21,609Scope 1 Intensity: 1.26 tCO2e/$MDCCYear: 2025Scope 1: 64,000 tCO2eRevenue: $M 20,577Scope 1 Intensity: 3.11 tCO2e/$MKunlun EnergyYear: 2024Scope 1: 489,665 tCO2eRevenue: $M 25,629Scope 1 Intensity: 19.11 tCO2e/$MS-OilYear: 2024Scope 1: 7,954,000 tCO2eRevenue: $M 24,967Scope 1 Intensity: 318.57 tCO2e/$MTurkiye Petrol RafinerileriYear: 2024Scope 1: 6,172,417 tCO2eRevenue: $M 22,914Scope 1 Intensity: 269.38 tCO2e/$MHF SinclairYear: 2024Scope 1: 8,198,000 tCO2eRevenue: $M 28,580Scope 1 Intensity: 286.84 tCO2e/$MFormosa PetrochemicalYear: 2024Scope 1: 23,228,204 tCO2eRevenue: $M 20,263Scope 1 Intensity: 1,146.32 tCO2e/$MNesteYear: 2025Scope 1: 2,669,000 tCO2eRevenue: $M 22,356Scope 1 Intensity: 119.38 tCO2e/$M

How does Neste's GHG emissions intensity compare to its peers?

In 2025, Neste reported a Scope 1 emissions intensity of 119.38 tCO₂e per millions USD. Compared to the peer group median of 193.5, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Neste rank on GHG emissions intensity within its industry?

In 2025, Neste ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Neste is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Neste's Total Carbon Footprint

In 2025, Neste reported a total carbon footprint of 54,725,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.64% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Neste's total carbon footprint was Scope 3 emissions, accounting for 94.27% of the company's total carbon footprint, followed by Scope 1 emissions at 4.88%.a

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