Neste Oil is ranked fourth in Global 100 list of the world’s most sustainable corporations.
Finnish companies Neste Oil, Outotec and Kesko are featured in this year's Global 100 list of the world’s most sustainable corporations published by Corporate Knights, the Toronto-based media and investment research company. Neste Oil is ranked in fourth place, while Outotec is placed at number 12 and Kesko at number 50.
According to Matti Lievonen, Neste Oil’s President & CEO, the company has worked steadily on developing its sustainability over the years and has now reached its highest ever ranking on the Global 100 list. “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,” says Lievonen.
Neste Oil has 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.
Doing more with less
The rankings were announced at the World Economic Forum in Davos, Switzerland. According to Corporate Knights CEO Toby Heaps of, the world’s 100 most sustainable companies “are leading a resource productivity revolution, transforming waste into treasure and doing more with less”.
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.
Sources: Corporate Knights