Neste Oil's response to the Public Eye Award
(Thomson Reuters ONE) -
Neste Oil Corporation
Press release
28 January 2011 at 2.40 pm
Neste Oil's response to the Public Eye Award
Neste Oil is disappointed in the outcome of the Public Eye Award announced today
and believes that it does not reflect the true nature of the situation.
"The result is not a positive one for us, but it is important to put it in
perspective," says Simo Honkanen, Neste Oil's Senior Vice President,
Sustainability and HSSE.
"We believe that we are one of the world's most responsible companies buying
palm oil today. We only buy palm oil produced according to sustainable
principles with a verifiable origin that is available. We have received
extensive positive international recognition for our responsible approach from
independent expert bodies in a number of reviews and indexes. The most recent
example of this was the Forest Footprint Disclosure 2010 Report published
yesterday, in which Neste Oil was ranked as the best oil company in terms of its
forest footprint reporting for the second time. Set against this track record,
it seems surprising that Neste Oil has been singled out for such criticism
through the Public Eye Award."
Neste Oil produces premium-quality renewable diesel from vegetable oil and waste
fat from the food industry that is capable of making a real contribution to
reducing greenhouse gas emissions.
"We take full responsibility for all aspects of our operations and the
sustainability of the renewable raw materials we use, and we work very hard to
ensure our overall sustainability," continues Honkanen.
"We would like to see all the other users of palm oil act in the same way,
regardless of where they are based or which industry they are in. We would also
like to see legislators introduce the same strict sustainability requirements on
other areas of palm oil use as they have on its use in fuel production. As only
a couple of percent of world palm oil output is used in fuel production,
ensuring that everyone using palm oil acts sustainably is of critical importance
in terms of the bigger picture. For our part, we at Neste Oil remain committed
to continuing to promote sustainable palm oil production in cooperation with
others in the industry."
The Public Eye Award is organized by Berne Declaration and Greenpeace, and
dedicated to highlighting the "most evil corporation of the year" from six
candidates chosen by the organizers. Greenpeace has actively campaigned for
people to vote for Neste Oil. In the global vote, which lasted a couple of
weeks, Neste Oil received 17,385 votes.
Neste Oil has commented on the Public Eye Award vote earlier, highlighting the
sustainable nature of its operations. See
http://www.nesteoil.fi/default.asp?path=35;52;88;100;101;16745;16747 for more
details.
Neste Oil Corporation
Hanna Maula
Director, Corporate Communications
Further information: Simo Honkanen, Senior Vice President, Sustainability and
HSSE, tel. +358 50 458 4170
Neste Oil in brief
Neste Oil Corporation is a refining and marketing company concentrating on low-
emission, high-quality traffic fuels. The company is the world's leading
supplier of renewable diesel. Neste Oil's refineries are located in Porvoo and
Naantali and have a combined crude oil refining capacity of approx. 260,000
barrels a day. The company had net sales of EUR 9.6 billion in 2009 and employs
around 5,000 people. Neste Oil's share is listed on the NASDAQ OMX Helsinki.
Neste Oil has been selected into the Dow Jones Sustainability World Index and
awarded 'Best in Class' recognition for its social accountability by Storebrand.
The company is also featured in the Ethibel Pioneer Investment Register and
included in Innovest's Global 100 list of the world's most sustainable
corporations. Forest Footprint Disclosure (FFD) has ranked Neste Oil as the best
performer in the oil & gas sector. Further information: www.nesteoil.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Neste Oil Oyj via Thomson Reuters ONE
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Datum: 28.01.2011 - 13:40 Uhr
Sprache: Deutsch
News-ID 50834
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