A number of sustainability-related risks are associated with Neste Oil’s operations. Risk management aims to identify for example these threats and support defining preventive measures. As Neste Oil does not have any oil exploration or drilling activities, this reduces its exposure to direct environmental risks significantly.
Major sustainability-related risks associated with Neste Oil's operations
Performance in 2013
|Preventive measures||Sustainability focus area|
|Procurement of refinery feedstocks and reputation risk associated with palm oil||
||Sustainable supply chain|
|Occupational and process safety in refining operations||
|Environmental impact of refining operations||
||Climate and resource efficiency|
More information on the financial risks associated with Neste Oil's business operations can be found in the section on risk management.
Sustainability-related opportunities driven by Neste Oil's strategy
Neste Oil offers its customers a wide range of products with a smaller environmental footprint and traffic fuel solutions that comply with environmental requirements, in line with its cleaner traffic strategy. As a result, Neste Oil’s key opportunities in terms of sustainability are very much linked to developing cleaner products and increasing the use of these products.
Neste Oil has developed its sustainability-related expertise in supply chain management into a voluntary sustainability verification scheme within the framework of the EU’s Renewable Energy Directive. The scheme was approved by the European Commission in early 2014. Approval could increase Neste Oil's potential to make flexible use of new renewable raw materials.