Neste Oil Oyj : Neste Oil to work closer with its stakeholders to protect the world's rainforests

Neste Oil Oyj : Neste Oil to work closer with its stakeholders to protect the
                             world's rainforests

Neste Oil Corporation
Press Release
4 April 2013 at 11 a.m. (EET)

Neste Oil to work closer with its stakeholders to protect the world's

Neste Oil is to strengthen its commitment to procuring sustainable renewable
raw materials by beginning a program of close cooperation with The Forest
Trust (TFT), a non-profit organization focused on preventing deforestation. As
part of this, Neste Oil has committed itself to working proactively to
identify concrete ways of preventing deforestation together with palm oil
producers and other stakeholders.

"As one of the world's largest buyers of vegetable oil, we recognize the
responsibility we bear for the direct and indirect impact of our operations,"
says Simo Honkanen, Neste Oil's Senior Vice President, Sustainability and
HSEQ. "Our cooperation with TFT is a natural continuation of our earlier
efforts aimed at helping prevent deforestation and developing proactive
dialogue with our stakeholders. As a major company in the field, we have a
unique opportunity to support the development of sustainable practices in the
palm oil production area."

Neste Oil's commitment - in the shape of its No Deforestation Guidelines -
extends the reach of the company's existing procurement principles covering
renewable raw materials. Under these principles, Neste Oil does not buy palm
oil from plantations that have felled forest in contravention of legislation
or that have been created in high carbon stock areas. As part of the new
initiative with TFT, Neste Oil will give TFT access to all the non-commercial
data covering its supply chain and TFT will carry out risk-based audits of the
various stages of Neste Oil's supply chain. Based on the results of these
audits, Neste Oil will be able to solve possible problems more effectively and
develop sustainable operating practices together with its raw material

"Neste Oil's No Deforestation Guidelines are clear in their commitment to
ensuring that its palm oil procurement doesn't drive deforestation, avoids
critical peat lands and respects the rights of local communities," says Scott
Poynton, TFT's Executive Director. "If a company is going to use palm oil for
food, for cosmetics, or for biofuels, it is absolutely critical that it cuts
off any link to deforestation. Neste Oil's Guidelines do that and go beyond."

TFT is a Swiss-based, global non-profit organization that helps companies and
communities deliver responsible products. Together with international
environmental organizations, TFT has helped numerous international companies
develop sustainable supply chains.

Neste Oil Corporation

Kaisa Lipponen
Director, Corporate Communications

Further information:
Simo Honkanen, Senior Vice President, Sustainability and HSEQ, tel. +358 (50)
458 4170
For more information, see the 2012 Sustainable Report at

Neste Oil in brief

Neste Oil Corporation is a refining and marketing company concentrating on
low-emission, high-quality traffic fuels. The company produces a comprehensive
range of major petroleum products and is the world's leading supplier of
renewable diesel. Neste Oil had net sales of EUR 17.9 billion in 2012 and
employs around 5,000 people, and is listed on NASDAQ OMX Helsinki.

Neste Oil is included in the Dow Jones Sustainability World Index and the
Ethibel Pioneer Investment Register, and has featured in The Global 100 list
of the world's most sustainable corporations for many years. Forest Footprint
Disclosure (FFD) has ranked Neste Oil as one of the best performers in the oil
& gas sector.

TFT in brief

Established in 1999, TFT is a global non-profit that helps businesses bring
responsible products to market. TFT helps its more than 90 members worldwide
build responsible supply chains by identifying and addressing embedded social
and environmental issues. Having established a strong record of achievement in
timber supply chains, TFT has expanded its work into palm oil, leather and
stone. TFT has offices in 15 countries, and an on-the-ground presence in many

Neste Oil No-Deforestation and Responsible Sourcing Guidelines


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Source: Neste Oil Oyj via Thomson Reuters ONE
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