Neste selected as part of science-based targets pilot to validate nature-based targets

In Finland, Neste was selected to the initial target validation group for science-based targets (SBTs) for nature, by The Science Based Targets Network (SBTN), which is aiming to set the global standard for ambitious and measurable corporate action on nature. Globally, only 17 companies are invited to the target validation group to pilot a global framework for setting targets, and measuring and validating organizations’ nature work.   

As SBTN launches the underlying process for companies to submit their targets for review and approval, the validation process will initially only be available to a small group of pre-selected companies in order to gain learnings and optimize accordingly, prior to a full validation process roll out.

Neste’s biodiversity vision is to achieve a nature positive value chain by 2040. It aims to create net positive impacts (NPI) for biodiversity from new activities from 2025 onwards, and target no net loss of biodiversity from all ongoing activities by 2035.