Neste Oyj
Neste's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified 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. Explore Neste’s data sources below and access millions more through our Disclosure Search.
Insights into Neste's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Neste amounted to 2,760,000 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 2023, the total operational greenhouse gas (GHG) emissions of Neste decreased by 1.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Neste's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Neste's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Neste were 2,290,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Neste reduced its Scope 1 emissions over time?
Since 2019, Neste's Scope 1 emissions have decreased by 11.24%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Neste's Scope 1 emissions remained relatively stable, indicating that Neste's emissions have plateaued with no significant change in its operational footprint. a
What are Neste's Scope 2 emissions?
In 2024, Neste reported Scope 2 greenhouse gas (GHG) emissions of 393,000 tCO₂e using the market-based method and 470,000 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 (2023), 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 2024, 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
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Neste's Value Chain Emissions
In 2024, Neste reported 56,490,000 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 2024 disclosure of Neste includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Neste's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Neste's Scope 3 emissions?
In 2024, Neste reported total Scope 3 emissions of 56,490,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 16.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 83.47% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), 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 2024, 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 2024, the largest contributors to Neste's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 45,070,000 tCO₂e (79.78%)
- Purchased Goods and Services (Cat. 1): 7,390,000 tCO₂e (13.08%)
- Investments (Cat. 15): 1,180,000 tCO₂e (2.09%)
Neste's Scope 3 Emissions by Categories
Insights into Neste’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Neste reported Scope 1 greenhouse gas (GHG) emissions of 2,290,000 tCO₂e and total revenues of USD 21,473 millions. This translates into an emissions intensity of 106.65 tCO₂e per millions USD. a
Neste's Scope 1 Emissions Intensity Compared to Peers
How does Neste's GHG emissions intensity compare to its peers?
In 2024, Neste reported a Scope 1 emissions intensity of 106.65 tCO₂e per millions USD. Compared to the peer group median of 165.67 , 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 2024, Neste ranked 9 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 2024, Neste reported a total carbon footprint of 59,250,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.54% decrease compared to 2023, 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 95.34% of the company's total carbon footprint, followed by Scope 1 emissions at 3.86%. a