Company Directory - Neste Corporation
Company Details - Neste Corporation
Neste Corporation
WebsiteFinland
Neste is a Finnish oil refining and marketing company that is a global leader in renewable diesel and sustainable aviation fuel production.
CCI Score
CCI Score: Neste Corporation
-1.38
0.01%
Latest Event
Neste Oyj Lobbying Activity
LobbyFacts data reveals that Neste Oyj has engaged in multiple meetings with EU officials over the past decade, highlighting its active lobbying efforts. This persistent political engagement raises concerns about undue corporate influence on policymaking and potential complicity in authoritarian practices.
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BYSTANDER
Neste Corporation is currently rated as a Bystander.
Latest Events
- JUL012024Neste Oyj Lobbying Activity
-36.93
LobbyFacts data reveals that Neste Oyj has engaged in multiple meetings with EU officials over the past decade, highlighting its active lobbying efforts. This persistent political engagement raises concerns about undue corporate influence on policymaking and potential complicity in authoritarian practices.
-40
Political Contributions and Lobbying Efforts
March 20
LobbyFacts data indicates that Neste Oyj arranged 72 meetings with EU officials between 2014 and 2025. This active engagement in lobbying suggests that the company is heavily invested in influencing political processes, which can undermine democratic accountability. From a left-leaning perspective, such corporate lobbying aligns with efforts to entrench corporate power over public policy, thereby contributing to authoritarian tendencies.
- APR242024
Neste Corporation released its Modern Slavery Statement detailing robust measures to prevent modern slavery and human trafficking. The statement emphasizes comprehensive labor rights improvements, stringent supplier due diligence, regular sustainability audits, and extensive training for employees to ensure ethical practices in both operations and supply chains.
+85
Labor Relations and Human Rights Practices
March 20
Neste has demonstrated a robust commitment to labor rights and human rights. Their comprehensive employee training on human rights, clear grievance mechanisms, and proactive worker voice surveys underscore their dedication to preventing modern slavery. This initiative positively influences the well-being of workers and fosters ethical labor relations, which is critical in combating authoritarian exploitation.
+80
Supply Chain Ethics
March 20
Neste’s extensive due diligence processes in its supply chains—including rigorous supplier audits, capacity building, and enforcement of a strict Supplier Code of Conduct—highlight its strong commitment to ethical sourcing. These efforts mitigate risks of forced and child labor, aligning with anti-authoritarian values and promoting sustainability and fairness within its supply operations.
- DEC312023
The OpenSecrets article reveals robust lobbying expenditures in the Oil & Gas industry during 2023. As a major player in oil refining, Neste Corporation is implicated through its industry association, raising concerns over political influence and potential support for deregulation that favors authoritarian practices.
-70
Political Contributions and Lobbying Efforts
March 20
Neste Corporation, operating within the Oil & Gas sector, is indirectly linked to extensive lobbying activities highlighted by the OpenSecrets profile. These lobbying efforts can influence regulatory outcomes and favor policies that undermine democratic accountability. Although Neste is also a leader in renewable diesel and sustainable aviation fuels, its association with an industry known for significant political contributions and lobbying raises concerns about its complicity in supporting policies that may feed into authoritarian practices.
- DEC282023
The Industrial Union's decision to halt production at Neste's oil refinery is a protest against government policies that undermine worker rights. While the union targets state labor reforms, the shutdown also highlights a broader concern: companies like Neste may be complicit in benefiting from an environment where labor protections are eroded, thereby indirectly supporting authoritarian policy measures.
-50
Labor Relations and Human Rights Practices
March 20
The union's industrial action, which involves shutting down Neste's oil refinery, underscores significant issues in labor relations. Despite the protest being primarily against government initiatives that weaken worker rights, the incident exposes how Neste, as an employer, permits conditions that fail to robustly protect its workforce. With authoritarian policies on the rise, such lax practices in the labor sphere contribute to a corporate environment that indirectly supports broader repressive systems.
- JUN152023
A benchmark evaluation reveals that Neste has not fully disclosed its political contributions and lobbying approaches, while also showing gaps in its just transition commitments and worker protections. This opacity raises concerns about the company's influence on democratic accountability and ethical business practices.
-15
Public and Political Behavior
March 20
The article highlights that Neste provides limited disclosure regarding its political contributions and lobbying practices. This lack of transparency raises red flags about possible covert influences on policy, which could undermine democratic processes and favor authoritarian interests.
-10
Business Practices and Ethical Responsibility
March 20
Although Neste is making strides towards renewable fuels, its continued reliance on fossil fuel revenues and incomplete commitment to just transition measures, including stakeholder engagement and worker protection, indicate significant ethical shortcomings. This gap suggests a potential neglect of social responsibility which can indirectly support broader authoritarian trends by undermining public trust.
- MAR012023
Neste Corporation released its Modern Slavery Statement for 2022, outlining comprehensive measures to prevent modern slavery and human trafficking in its operations and supply chains. The statement covers robust human rights due diligence, supplier audits, grievance mechanisms, and ongoing training programs for employees and suppliers.
+80
Labor Relations and Human Rights Practices
March 20
Neste’s Modern Slavery Statement demonstrates a strong commitment to labor rights and human rights practices by explicitly prohibiting all forms of forced and child labor, and by instituting comprehensive measures such as regular audits, grievance mechanisms, and training programs. This proactive approach reflects robust labor relations and respect for human rights.
+80
Supply Chain Ethics
March 20
The statement provides extensive details on supply chain due diligence processes, including audits, ethical sourcing measures, and strict supplier compliance requirements. This demonstrates strong supply chain ethics and a commitment to mitigating risks related to forced labor and other human rights abuses.
- MAR222022
Neste publicly condemned the Russian invasion of Ukraine and detailed measures to cease new agreements with Russian oil suppliers by redirecting sourcing to alternative regions, while also providing humanitarian donations to organizations like the Red Cross and UNICEF. This statement underscores its commitment to human rights and ethical supply chain practices.
+75
Public and Political Behavior
March 20
Neste’s public statement condemns the invasion in Ukraine and reiterates its commitment to international human rights principles. By clearly distancing itself from Russian crude operations and shifting its sourcing practices, the company demonstrates responsible public and political behavior in opposition to authoritarian aggression.
+80
Supply Chain Ethics
March 20
By decisively choosing to replace Russian crude oil with alternative sources and halting new supply agreements from Russia, Neste is taking strong ethical steps to ensure its supply chain does not indirectly support regimes responsible for human rights violations. This action reinforces its commitment to sustainable and ethical business practices.
- NOV012020
An in-depth investigation reveals deeply concerning links between Neste’s palm oil/PFAD supply chain and unsustainable practices, including deforestation, environmental degradation, and human as well as labor rights violations among its suppliers.
-80
Labor Relations and Human Rights Practices
March 20
Multiple reports document labor rights abuses and community rights violations among suppliers within Neste's supply chain. The evidence of poor labor conditions and instances of forced labor or community displacement significantly undermine ethical business practices.
-90
Supply Chain Ethics
March 20
The report exposes extensive issues with Neste's supply chain ethics, linking its sourcing of palm oil and PFAD to deforestation, illegal land use, and environmental degradation. These unsustainable practices significantly damage the reputation of the company’s commitment to renewable and sustainable production.
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