NTOIF - Neste: Sustainability Accolades Necessitate Going All-In On Renewables
- Neste has sustainability as its vision and strategic focus but fossil business still contributes the bulk of revenue.
- As the company goes through the “second wave of growth and transformation”, more tangible, bold actions are needed to make good on its sustainability vows.
- Oil products are also impairing financial performance, while the renewable segment is the primary profit driver.
- Neste is currently overvalued, pending mid-term production capacity additions.
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Neste: Sustainability Accolades Necessitate Going All-In On Renewables