Financial responsibility
Neste Oil’s financial responsibility is primarily linked to its commitment to provide premium-quality, cleaner traffic fuel solutions to its customers.
Neste Oil is a major local employer and source of salaries, wages, bonuses, and social insurance contributions at many of its major locations, such as in Porvoo, Espoo, Naantali, Singapore, Rotterdam, and Geneva. The company is committed to providing good working conditions and a competitive level of remuneration matching the requirements of people’s jobs for all its employees.
Neste Oil provides a stable source of revenue for numerous suppliers of raw material, products and services, as well as contractors and other partners. The palm oil used as input for renewable fuel production was sourced from Southeast Asia, the animal fat and rapeseed oil from Finland and other EU countries. As a result of Neste Oil’s increased use of renewable inputs and the broader range of inputs used today, the direct and indirect financial impact associated with this type of procurement now extends to a wider geographical area than before.
Neste Oil’s largest investments lately were its growth projects in Singapore, Rotterdam, and Bahrain. These sites have provided employment for thousands of local people and for Neste Oil’s own personnel, both directly and indirectly.
Neste Oil’s operations benefit large areas of the local, regional, and national economy. The taxes and tax-like payments the company pays represent an important source of income to the public sector in Finland and other countries. With Neste Oil’s international expansion, the amount of corporate and income taxes the company pays outside Finland is growing.
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