Neste Launches Groundbreaking Neste Impact Solution for Businesses to Slash Aviation Emissions

A New Era in Sustainable Aviation: Neste Impact Unveiled

In a groundbreaking move, Neste Corporation has just introduced Neste Impact, a cutting-edge solution designed to empower businesses in their quest to drastically reduce aviation-related emissions. This innovative initiative, aligned with the Science Based Targets initiative (SBTi), offers a seamless path for businesses to take measurable actions and make significant strides toward sustainability.

The Power of Neste Impact: Turning Climate Targets into Action

Neste Impact revolves around the utilization of Neste MY Sustainable Aviation Fuel™, a potent tool that can reduce greenhouse gas emissions (GHG) by an impressive 80% over the life cycle of the fuel compared to conventional fossil jet fuel. This allows businesses to transform their climate targets into tangible, measurable actions to curtail emissions associated with air travel and transport.

Neste collaborates closely with businesses to define specific, measurable targets for reducing emissions related to their air travel and transport activities. The strategy involves replacing fossil jet fuel with an equivalent amount of Sustainable Aviation Fuel (SAF) purchased from Neste. The purchased SAF is then supplied to a partner airline, with verifiable proof ensuring it is used to replace fossil fuel. After utilization, businesses receive a third-party verified report, providing a credible account of the achieved emissions savings contributing to their sustainability targets.

Addressing Urgency: A Solution for the Climate Crisis

Kristina Öström, Vice President of Marketing, Brand, and Partnerships at Neste, emphasized the urgency for climate action and the increasing demand for transparent solutions. Neste Impact emerges as a beacon in this landscape, offering businesses an easy-to-use solution for verified emission reductions from the world’s leading producer of SAF.

A Gold Standard in Climate Reporting: Aligned with SBTi Aviation Guidance

Neste Impact doesn’t just stop at reducing emissions; it aligns with the Aviation Guidance of the Science Based Targets initiative, recognized as the gold standard in climate reporting. Employing a book-and-claim approach, Neste ensures the SAF is delivered and utilized specifically in the aviation sector to replace fossil jet fuel, adhering to the SBTi Aviation Guidance criteria. The related emission reduction achieved is third-party verified and further validated through the ISCC SAFc registry, bolstering businesses’ credibility when reporting reductions toward Science Targets or similar sustainability goals.

The Fuel of the Future: Sustainable Aviation Fuel

Unlocking Sustainability: The Role of SAF

Sustainable Aviation Fuel (SAF) emerges as the key lever in achieving aviation’s emission reduction goals. Neste MY Sustainable Aviation Fuel, the star of the Neste Impact solution, is crafted from sustainably sourced, 100% renewable waste and residue raw materials, including used cooking oil and animal fat waste. This revolutionary fuel offers a more sustainable alternative to conventional, fossil-based jet fuel.

The Numbers Speak: Up to 80% GHG Emission Reduction

When used in neat form (unblended) over the fuel’s life cycle and calculated with established life cycle assessment (LCA) methodologies, such as the CORSIA methodology, Neste MY Sustainable Aviation Fuel showcases its prowess by reducing GHG emissions by up to 80%. This represents a significant stride towards achieving aviation’s emission reduction goals.

Neste’s Commitment to a Sustainable Future

A Force for Good: Neste’s Ongoing Initiatives

Neste, a pioneer in combating climate change and fostering a circular economy, continues to refine waste, residues, and innovative raw materials into renewable fuels and sustainable feedstock for various applications. As the world’s leading producer of sustainable aviation fuel and renewable diesel, Neste aims to reduce greenhouse gas emissions by at least 20 million tons annually by 2030.

Paving the Way: Ambitious Goals for a Sustainable Tomorrow

Neste’s ambition doesn’t end with Neste Impact. The company strives to make its Porvoo oil refinery in Finland the most sustainable in Europe by 2030. Committed to achieving carbon-neutral production by 2035, Neste also aims to reduce the carbon emission intensity of sold products by 50% by 2040. Upholding high standards for biodiversity, human rights, and the supply chain, Neste has consistently earned a place in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies.

A Transformative Solution for a Greener Tomorrow

Neste Impact stands as a testament to Neste Corporation’s commitment to a sustainable future. With the launch of this innovative solution, businesses now have a credible and effective means to reduce their aviation emissions and contribute significantly to global sustainability targets.

Sources:
Neste Corporation
Neste