31 January 2011 at 11.40 am (EET)
Neste Oil ranked the world's 20th most sustainable company
Neste Oil has been selected for inclusion in the Global 100 list of the world's most sustainable companies for the fifth year in succession. The company is now ranked 20th, compared to 85th in 2010. The list is based on an analysis of 3,000 listed companies in different sectors from 22 countries. The Global 100 list is coordinated by Corporate Knights - working together with Inflection Point Capital Management, Legg Mason's Global Currents Investment Management, and Phoenix Global Advisors LLC - and is published annually at the World Economic Forum in Davos.
Companies selected for inclusion in the Global 100 list are considered the most capable in their sectors in managing environmental, social, and governance issues and in their ability to make use of new business opportunities in these areas. In addition to Neste Oil, three other companies from Finland are included in the list: Nokia, Kesko, and Stora Enso.
Neste Oil has been a pioneering producer of cleaner traffic fuels for decades and has led the way in introducing sulfur-free, unleaded, and renewable fuels and been at the forefront of developments in the quality and environmental areas in the oil industry.
"We are very satisfied to receive further international recognition for the long-term work that we have done in promoting sustainability," says Simo Honkanen, Neste Oil's Senior Vice President, Sustainability and HSSE. "Renewable diesel that is sustainable in every aspect of its life cycle is our most important growth area at the moment. The significant improvement in our ranking in the Global 100 list confirms that we are focusing on the right things in our work in the sustainability field. And we intend continuing our efforts here."
Neste Oil Corporation
Director, Corporate Communications
For further information on Neste Oil's sustainability-related work: Simo Honkanen, Senior Vice President, Sustainability and HSSE, tel. +358 10 458 4170
For further information of The Global 100 list:
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 is included in the Dow Jones Sustainability World Index and the Ethibel Pioneer Investment Register. Neste Oil has also been awarded 'Best in Class' recognition for its social accountability by Storebrand and is featured in the Global 100 list of the world's most sustainable companies. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best performer in the oil & gas sector. Further information: www.nesteoil.com.