We calculate the carbon footprint of our products over their entire life cycle, from the production of the raw materials they are refined from to their end-use. The use of our Neste MY Renewable Diesel™, for example, helps reduce greenhouse gas emissions by 50–90% compared to fossil diesel. Read more about the carbon footprint of our products.
Carbon neutral production by 2035
Neste’s purpose is to create a healthier planet for our children. We do this by offering renewable and circular solutions to our customers. What is more, we also need to commit to reducing the direct climate impact of our own activities. Therefore, we have set a concrete target to reach carbon neutrality in our production by 2035. This is an enormous undertaking, one which will require new ways of thinking, innovation and plenty of cooperation.
All aspects of GHG emissions in Neste’s production will be analyzed. We have already identified more than 80 different measures and actions to decrease GHG emissions in production. For example, we are increasing the use of renewable electricity at our production sites. We aim for 100% renewable electricity use globally by 2023 and have already agreed to start using wind power in Finland.
Read more about the different measures from our Sustainability Report 2020 on page 43.
Carbon neutral value chain by 2040
Since we also need to reduce our Scope 3 emissions, we have also decided to set a concrete target for Scope 3 emissions to reduce the use phase emission intensity of sold products by 50% by 2040 compared to 2020 levels. Our target will be achieved through Neste’s transformation towards increasing the share of renewable and circular solutions as well as working with our suppliers and partners to reduce emissions across our value chain.
In addition, to meet the objectives of the Paris Agreement, Neste will sign the Business Ambition for 1.5°C Commitment Letter by Science Based Targets initiative. Read more from the press release.
Read also about our carbon handprint.