Fueled by renewables.
Neste was founded in 1948 with the purpose of securing Finland’s oil supply. Today, they’re a leading global producer of sustainable aviation fuel (SAF) and renewable diesel. And a forerunner in developing renewable and circular solutions for polymers and chemicals.
| Client |
Industry |
Our role |
|
Neste |
Renewable fuels + Oil refining |
Green finance framework |
With sustainability embedded in their strategy, Neste supplies SAF to more than 70 airlines across the globe. The use of Neste’s SAF can reduce greenhouse gas emissions of air travel by up to 80%* over the life cycle of the fuel when compared to using fossil jet fuel, including emissions from raw materials, production, logistics and combustion. This reduction supports the aviation industry in reaching its 2050 net-zero target.
With refineries in Finland, the Netherlands, Singapore, and a joint operation in the US, Neste aims to transform the company to produce renewable and circular solutions only. An ambition that requires continuous innovation, dedication and investment in capital.
SEB has created a green finance framework together with Neste to support their commitments, including helping their customers reduce GHG emissions by at least 20 million tons of CO2e annually by 2030 and achieving carbon-neutral production by 2035.** Through advice and new types of financing, we support the acceleration towards a low-carbon economy – and society.
Neste is a world leading producer of sustainable fuels and renewable feedstock solutions for various polymers and chemicals industry uses. Their aim is to be a global leader in renewable and circular solutions, using science and innovative technology to transform waste and other resources into renewable fuels and circular raw materials.
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* When using Neste’s SAF in neat form (i.e. unblended) and calculated with established life cycle assessment methodologies such as CORSIA methodology – a global market-based measure to reduce emissions from international aviation.
** Net amount of CO2 emissions from Neste’s scope 1 and 2 production targeted at zero by 2035.
By offering advisory services, innovative and sustainable financing and investment products, we're helping our clients to reach their sustainability targets.
SEB's sustainability experts have extensive knowledge in areas such as climate and financing solutions, sustainable investments and regulatory development in the European Union.