Neste Oil ranked the world’s fourth most sustainable company on The Global 100 list
Neste Oil has been selected for the seventh time for inclusion in The Global 100 list of the world’s most sustainable companies. This year, Neste Oil achieved its best-ever ranking in the list, reaching fourth place, an improvement of 15 places on its performance in 2012.
Top place in The Global 100 for 2013 announced in Davos in Switzerland on 23 January went to the Belgian material technology and recycling company, Umicore, which was followed by Natura Cosmeticos, Statoil, Neste Oil, and Novo Nordisk. This year’s list included companies from six continents and 22 countries. In addition to Neste Oil, two other Finnish companies were featured in this year’s Global 100 list: Outotec and Kesko.
“We are very pleased at being ranked among the very best companies worldwide in terms of sustainability,” says Neste Oil’s President & CEO, Matti Lievonen. “We have steadily worked on developing our sustainability over the years, and in 2012 we significantly increased the amount of waste- and residue-based inputs we use in refining NExBTL renewable diesel and commissioned Europe’s first microbial oil pilot production plant. We also made a number of major investments in areas such as safety.”
The Global 100 list is based on an expert analysis of around 4,000 listed companies across a range of industries worldwide. Of these 4,000 companies, the 350 most sustainable are selected by measuring their performance against 12 indicators. Companies are compared in terms of their energy and water consumption, greenhouse gas emissions, the amount of waste they generate in relation to the financial benefit they produce, their safety performance, remuneration, personnel turnover, equality, commitment to R&D, and the taxes they pay.
According to CEO Toby Heaps of Corporate Knights, which is responsible for drawing up The Global 100 annually, the world’s 100 most sustainable companies “are leading a resource productivity revolution, transforming waste into treasure and doing more with less”.
Neste Oil has long been a pioneer in producing lower-emission traffic fuels and is the world’s leading supplier of renewable diesel. Being an industry pioneer in terms of sustainability is also one of Neste Oil’s goals.
The Global 100 is produced by Corporate Knights and published annually at the World Economic Forum in Davos.
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company produces a comprehensive range of major petroleum products and is the world’s leading supplier of renewable diesel. Neste Oil had net sales of EUR 15.4 billion in 2011 and employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.
Neste Oil is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register, and has featured in The Global 100 list of the world’s most sustainable corporations for many years. Forest Footprint Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil & gas sector. Further information: www.nesteoil.com
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