NTOIF - Neste Oyj: NGO Campaigns Against It Could Grow As Company Remains Linked To Deforestation
In May 2020, the Finnish consumer good manufacturer Neste Oyj (NTOIF) (NTOIY) (known as Neste) updated its traceability dashboard, which provides data on both Neste’s palm fatty acid distillate ((PFAD)) suppliers and its Tier 2 suppliers (mills that supply crude palm oil to the PFAD suppliers – see Graphic 1). Despite the company committing to NDPE compliance and ensuring that all suppliers comply with its sustainability policy, Neste’s updated dashboard shows that several deforestation-linked companies are still entering its supply chain.
Given that Neste has been a target of NGOs in the past