Neste Oil Corporation
27 January 2011 at 1.45 pm
Neste Oil again ranked a top performer in terms of its forest footprint
Neste Oil has again received recognition for the highly efficient management and reporting of its forest footprint in the Forest Footprint Disclosure (FFD) 2010 Report published on 27 January 2011. Neste Oil has been ranked as the best performer in the oil & gas sector for its reporting and transparency for the second year in succession.
"This recognition underlines the pioneering work that we have done to develop, monitor, and report on a sustainable supply chain. The unique third party-audited supply chain management system that we have developed provides us with information on the exact origin of the palm oil we use," says Pekka Tuovinen, Neste Oil's Director, Sustainability and Regulatory Affairs.
"The FFD project is an important forum for sharing information and know-how on the destruction of the world's forests. The biofuel industry has a lot to contribute here, we believe, as the biofuel supply chain is regulated by very tough sustainability requirements," continues Tuovinen.
The FFD project is an international initiative designed to measure the forest footprint of companies' supply chains and work done to reduce their size. A total of 285 international companies were requested to disclose information in areas such as risk assessment and sustainable supply chain management for the FFD Report. The results were then assessed by a jury of supply and forest conservation experts.
Neste Oil Corporation
Director, Corporate Communications
Further information: Neste Oil, Pekka Tuovinen, Director, Sustainability and Regulatory Affairs, tel. +358 (0)10 458 4516
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-emission, high-quality traffic fuels. The company is the world's leading supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and Naantali and have a combined crude oil refining capacity of approx. 260,000 barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.
Neste Oil has been selected into the Dow Jones Sustainability World Index and awarded 'Best in Class' recognition for its social accountability by Storebrand. The company is also featured in the Ethibel Pioneer Investment Register and included in Innovest's Global 100 list of the world's most sustainable corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.