Neste is a Finnish company that operates in the petroleum refining sector. The company was founded in 1948 and has since grown to become a leading provider of renewable fuels and other sustainable solutions. Neste is committed to decarbonisation and reducing its carbon footprint, and has made significant investments in renewable energy and other sustainable technologies.
One of Neste's key areas of focus is decarbonisation. The company is committed to reducing its carbon footprint and helping its customers do the same. To achieve this goal, Neste has invested heavily in renewable energy and other sustainable technologies. The company has developed a range of renewable fuels, including biofuels and renewable diesel, that are made from sustainable sources such as waste and residues.
Neste's commitment to decarbonisation is also reflected in its corporate energy strategy. The company has set ambitious targets for reducing its greenhouse gas emissions, and is working to increase the share of renewable energy in its energy mix. Neste has also implemented a number of energy efficiency measures to reduce its energy consumption and improve its overall energy performance.
Another key area of focus for Neste is corporate power purchase agreements (PPAs). PPAs are contracts between a company and a renewable energy provider that enable the company to purchase renewable energy directly from the provider. Neste has signed a number of corporate PPAs with renewable energy providers, including wind and solar power companies. These agreements help Neste to reduce its carbon footprint and support the development of renewable energy projects.
Renewable energy is also a key part of Neste's business model. The company is a leading producer of renewable diesel, which is made from sustainable sources such as waste and residues. Neste's renewable diesel is a drop-in fuel that can be used in existing diesel engines without any modifications. The fuel has a significantly lower carbon footprint than traditional diesel, and can help companies reduce their greenhouse gas emissions.
In addition to renewable diesel, Neste also produces a range of other renewable fuels, including biofuels and aviation fuels. The company is committed to developing new and innovative renewable solutions that can help to decarbonise the transportation sector and reduce greenhouse gas emissions.
Neste's commitment to sustainability and decarbonisation has earned the company a number of awards and accolades. In 2020, Neste was named the world's third most sustainable company by Corporate Knights, a Canadian media and research company. The company was also included in the Dow Jones Sustainability Index for the fifth consecutive year, and was named one of the world's most ethical companies by the Ethisphere Institute.
Overall, Neste is a leading provider of renewable fuels and other sustainable solutions. The company is committed to decarbonisation and reducing its carbon footprint, and has made significant investments in renewable energy and other sustainable technologies. Neste's corporate energy strategy, corporate PPAs, and renewable energy products all reflect the company's commitment to sustainability and helping its customers reduce their greenhouse gas emissions.