sign in sign up
<<
Home , Neste

EUROCHAM SUSTAINABILITY WHITEBOOK PAGE 1

NESTE IN THE BUSINESS OF COMBATING CLIMATE CHANGE AND DRIVING CIRCULAR ECONOMY

Neste helps transport and cities, as well as customers in the aviation, polymers and chemicals sectors make their business more sustainable. Among many international recognitions, in 2020, Neste was ranked among the top three most sustainable companies in the world for the third consecutive time on the Global 100 list by Corporate Knights.

The originally Finnish company is today the world's largest producer of renewable diesel and renewable refined from waste and residues. Neste is also a technologically advanced refiner of high-quality oil products. It is also a forerunner in developing renewable and recycled alternatives to fossil feedstock for the production of polymers and chemicals.

In 2019, Neste’s global reached 15.8 billion , with the majority profit from renewable solutions.

NESTE EUROCHAM SUSTAINABILITY WHITEBOOK PAGE 2

COMPANY PURPOSE: CREATING A HEALTHIER PLANET FOR OUR CHILDREN

Neste’s business is driven by its company purpose: creating a healthier planet for our children. The clarity of this purpose attracts and motivates people who are passionate about what the company is doing: fighting climate change and driving circular economy. At Neste, everyone works towards this joint purpose.

NESTE KEEPS INVESTING IN On top of these two top-quality RENEWABLE AND CIRCULAR products, Neste has built new SOLUTIONS business around renewable polymers Neste generates improvements and breakthroughs and chemicals. Together with that support the company’s target of becoming a polymers producing partners, the global leader in renewable and circular solutions. company has already produced the world’s first industrial scale volumes Neste MY Renewable Diesel™ is a low-emission , produced 100% from renewable raw of bio-based polypropylene and materials. Its usage results in up to 90% less polyethylene for uses in several greenhouse gas (GHG) emissions over the fuel’s applications. With several life cycle when compared to similar emissions plastics value chain partners, Neste is from fossil diesel use (calculation method: EU developing technologies and capacity RED). to chemically recycle waste In recent years, Neste has commercialized Neste into drop-in raw material for high- MY Renewable Jet Fuel™ , which is a sustainable quality new plastics and chemicals. aviation fuel that helps airlines reduce their GHG This will complement conventional emissions by up to 80% compared to fossil jet mechanical recycling of plastic and fuel in neat form over the fuel’s life cycle. enable recycling of those plastic Various aviation companies, such as Finnair, Air waste streams that cannot currently BP, and KLM use or distribute Neste be recycled, such as colored and multi MY Renewable Jet Fuel in their operations. material plastic packaging.

NESTE EUROCHAM SUSTAINABILITY WHITEBOOK PAGE 3

NESTE AIMS TO ACHIEVE ITS VISION IN CLOSE COLLABORATION WITH VARIOUS STAKEHOLDERS

Neste’s vision is leading the way towards a sustainable future together. The company believes in collaboration and wants to be actively engaged in developing a more sustainable future. For example in Asia Pacific, Neste, along with several global brands such as , Pepsico, Danone, , and L'Oréal have started collaboration with companies Golden Agri (GAR) and Musim Mas, as well as non-governmental organisations to make a positive sustainability impact in the Siak and Pelalawan regions in . The project takes on a regional landscape approach and aims at sustainability improvements in the production of multiple commodities, such as palm oil, pineapple, and rubber. The regional project involves the local government and other local key actors with the aim to establish strong local regulations to push for sustainable transformation.

This five-year project will set an implementation schedule for improving the region’s performance related to the environmental (e.g. conservation, protected area) and social issues (e.g. smallholders). Progress will be evaluated on a regular basis to track transformation based on the interventions identified.

NESTE EUROCHAM SUSTAINABILITY WHITEBOOK PAGE 4

SUSTAINABILITY IS AT THE CORE OF NESTE'S BUSINESS

In 2019, Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 9.6 million tons altogether. This amount equals the annual carbon footprint of 1.5 million average EU citizens (source: World Bank) or the removal of 3.5 million passenger cars from the roads for a full year.

The company has set two climate commitments: to help customers to reduce greenhouse gas emissions by 20 million tons annually by 2030, and for the company itself to make its production carbon neutral by 2035.

Neste is currently strengthening its leading position in renewable products globally with a major investment in . The investment worth approximately EUR 1.4 billion, and it will extend Neste’s overall capacity to produce renewable solutions in Singapore by up to 1.3 million tons per annum, bringing the total global renewable products’ production capacity close to 4.5 million tons annually in 2023. The Singapore expansion is targeted to be completed by the first quarter of 2023. Currently, Neste has over 300 employees in Singapore.

City Developments Limited Neste Asia Pacific Pte Ltd 9 Raffles Place 7 Temasek Boulevard #36-00 Republic Plaza #33-01 Suntec Tower 1 Singapore 048619 Singapore 038987 W: www.cdlsustainability.com.sg and W: https://www.neste.sg/ https://www.cdl.com.sg CITT:+65Y DEV 6223ELO P1222MENTS LIMITED (CDL) T: (65) 6877 8228