Neste Oil Annual Report 2011
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  • Homepage

  • Neste Oil

    • Business areas in brief
    • CEO's review
    • Key figures
    • Strategy
    • Strategy implementation during 2011
    • Financial targets
    • Strategic challenges
    • Industry overview
    • Oil Products' operating environment
    • Renewable Fuels' operating environment
    • Oil Retail's operating enviroment
  • Business

    • Oil Products and Renewables
    • Oil Products
    • Renewable Fuels
    • Oil Retail
    • Oil Retail's markets
    • Oil Retail's customers and products
    • Station network
    • Production & Logistics
    • Refineries
    • Other production plants
    • Fleet and terminals
    • Research, technology, and engineering
    • Raw material research
    • Development of products and technologies
    • Product expertise and patents
    • Engineering company Neste Jacobs
  • Sustainability

    • Sustainability at Neste Oil
    • Managing sustainability
    • Sustainability targets
    • Financial responsibility
    • Environmental responsibility
    • Sustainability of supply chain
    • Social responsibility
    • Stakeholder engagement
    • Personnel
    • Safety
    • Product safety
    • Sustainability reporting
  • Governance

    • Corporate Governance Statement
    • Annual General Meeting
    • Nomination Board
    • Supervisory Board
    • Board of Directors
    • President & CEO
    • Neste Executive Board
    • Neste Executive Management Board
    • Company Auditor
    • Internal Audit
    • Insider Guidelines
    • Performance Management Process
    • Internal Control
    • Risk management
    • Objective, framework, and process
    • Risk management governance
    • Risk reporting
    • Risk relating to Neste Oil's business
    • Remuneration and shareholdings
    • Remuneration principles for senior management
    • Remuneration and shareholdings of the Board of Directors
    • Remuneration and shareholdings of the Supervisory Board
    • Remuneration and shareholdings of the President & CEO and the Neste Executive Board
    • Personnel Fund
  • Investor information

    • Shares and shareholders
    • Share performance and trading
    • Shareholders and dividend
    • Information for shareholders
  • Review by the Board of Directors

    • The Group’s results for 2011
    • Cash flow, investments, and financing
    • Main events during the reporting period
    • Strategy implementation
    • Market overview
    • Production and sales
    • Segment reviews
    • Shares, share trading, and ownership
    • Corporate Governance
    • Personnel
    • Health, safety, and the environment
    • Research and development
    • Events after the reporting period
    • Potential short-term and long-term risks
    • Risk management
    • Outlook
    • Dividend distribution proposal
  • Financial statements

    • Key financial indicators
    • Calculations of key financial indicators
    • Consolidated financial statements
    • Consolidated income statement and Consolidated statement of comprehensive income
    • Consolidated balance sheet
    • Consolidated cash flow statement
    • Consolidated statement of changes in equity
    • Notes to the Consolidated financial statements
    • Parent company financial statement
    • Parent company income statement
    • Parent company balance sheet
    • Parent company cash flow statement
    • Notes to the parent company financial statements
    • Proposal by the Board of Directors
    • Auditor’s report
    • Quarterly segment information
  • Pro Motion

    • Motion, transportation, and community
    • We all need to keep things rolling
    • Forest fooprint and protecting forests
    • The root cause of deforestation is poverty
    • Car industry and emission reduction
    • A smaller environmental footprint with biofuels
    • Biofuels in aviation industry
    • The current and future market for aviation biofuels

Pro Motion

The world is in continuous motion, and we need to be too, at any cost. We offer solutions that enable more and more rainforests and peatlands to be cleared and destroyed for plantations. Read more about what independent, international experts have to say about the future of traffic and transport and their impact on the world around us.

› Read more

Customers and solutions

We defined customer focus in 2011 as one of our most important strategic goals. We aim to offer solutions that offer true added value. But since our renewable business is more than 90% based on palm oil industry products, we can’t provide our customers a product made from 100% sustainable feedstocks with no land use impacts. Understandably, for example Finnair cancelled their plans with us because of this, but we count on you.

Read more about our customers and solutions in
› Oil Products, › Renewable Fuels, and › Oil Retail.

Research and technology

Thanks to our Research and Technology function we have developed a product that could reduce CO2 emissions if it was produced from feedstocks that do not cause rainforest and peatland destruction. But instead of extending the range of raw materials used to produce renewable diesel, the production is completely dependent on palm oil supply, though it’s not a sustainable raw material for biodiesel in such a large scale.

› Read more

Safety

We achieved our 2011 safety targets and cut the number of accidents at our sites. Unfortunately at the same time we heavily increased the pressure to establish new palm oil plantations especially in Indonesia. Already now two thirds of new palm oil plantations are established in rainforests. 95 percent of recent increase in palm oil production in Malaysia and Indonesia is because of the growing demand for biodiesel.

› Read more

Sustainability

All of our NExBTL renewable diesel refineries are now ISCC-certified, confirming that their output meets the sustainability requirements of the EU’s Renewable Energy Directive. However, this does not make our indirect forest foorprint any smaller. Loopholes in existing legislation are planned to be straightened during 2012, but we are trying our best to prevent this from happening.

› Read more
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Pro Motion

The world is in continuous motion, and we need to be too.

  • What will be the role of mobility in the future?What will be the role of mobility in the future?
  • Forest footprint and traffic – what’s the connection?Forest footprint and traffic – what’s the connection?
  • What do automotive manufacturers expect of biofuels?What do automotive manufacturers expect of biofuels?
  • How can airlines reduce their emissions?How can airlines reduce their emissions?
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