Neste Oil achieves its palm oil certification target two years early
Neste Oil Corporation
Press release
17 December 2013 at 3 p.m. (EET)
Neste Oil achieves its palm oil certification target two years early
Neste Oil has achieved its long-term target of using only certified palm oil as
an input for its renewable diesel production process. The original target, set
in 2009, was that 100% of the raw palm oil used would be certified by the end of
2015, but thanks to a major effort this target has been achieved two years
early, in 2013. All the renewable inputs used by Neste Oil have been traced back
to the plantations and production sites from which they come since the company
began producing renewable diesel in 2007.
"We are very satisfied that our systematic work to ensure the sustainability of
palm oil usage is bearing fruit in this way," says Simo Honkanen, Neste OIl's
Senior Vice President, Sustainability and HSSE. "Neste Oil has been an industry
pioneer in this area and the sustainability criteria and traceability practices
that it has developed and implemented have the potential to serve as models for
other industries. This achievement will give us a good foundation for further
developing the sustainability of our supply chain."
Certification verifies that the sustainability criteria set for biofuels are met
throughout the supply chain. Neste Oil requires all its palm oil suppliers to be
members of the RSPO (Roundtable on Sustainable Palm Oil). The palm oil used by
Neste Oil is certified in accordance with the international certification
systems approved under EU legislation, such as ISCC and RSPO-RED. These systems
define what constitutes sustainable operations and the criteria used for
determining sustainability, together with the documentation required for a
sustainable supply chain. An independent third-party body is responsible for
auditing Neste Oil's certified palm oil producers annually.
Sustainable palm oil production helps protect biodiversity and carbon reserves.
It also prevents the destruction of rainforest and plantations being established
in sensitive areas, such as carbon-rich wetlands. Sustainable production
principles also require people's human rights and the rights of indigenous
peoples to be respected.
Palm oil is one of the more than 10 different types of vegetable oil and waste
and residues that Neste Oil uses to produce NExBTL renewable diesel. Waste and
residues currently account for around half of the renewable inputs used by Neste
Oil, while certified palm oil accounts for around the other half.
Neste Oil Corporation
Kaisa Lipponen
Director, Corporate Communications
Further information: Further information: Pekka Tuovinen, Director,
Sustainability and Supplier Compliance, tel. +358 (0)10 458 4516
RSPO, Roundtable on Sustainable Palm Oil, www.rspo.org
ISCC, International Sustainability and Carbon Certification, www.iscc-
system.org/en/
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 17.9 billion in 2012 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. CDP Forest has ranked
Neste Oil as one of the best performers in the oil & gas sector. Further
information: www.nesteoil.com
Photo:
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Source: Neste Oil Oyj via GlobeNewswire
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