We are actively seeking new, more sustainable, fuel solutions that reduce the impact of transport energy to environment and human health. Reducing life-cycle greenhouse gas emissions and particulate emissions is in the core of our operation. These new fuel solutions must also be cost-efficient.
We aim to continuously improve the performance of our supply chain. In practice, this mean more efficient and flexible logistics and cleaner energy sources. Feedstocks used in our products must come from sustainable sources. Therefore, we thrive to do business with suppliers and partners who can demonstrate sustainable operation.
We are committed to doing business with integrity and high ethical standards. We comply with all applicable laws and regulations and expect the same also from our partners.
NEOT’s operations and the behavior of our employees are guided by the principles and requirements set out in our Code of Conduct (Code). The Code is supplemented by NEOT’s ‘Supplier Expectations’ and Human Rights Policy. The purpose of these documents is to guide ethically sound decision-making and encourage responsible action at NEOT.
We take any misconduct or breaches seriously. All our employees are encouraged to react to any action contravening NEOT Code of Conduct or current legislation. Employees can report their observations of misconduct to their supervisor, occupational health care professionals or HR and legal services. We are currently developing our compliance channels to make sure all possible misconducts will be reported. All notifications of non-compliances should be made in good faith.
We control the sustainability of our supply chain through our sustainability scheme. This is developed based on the principles of European Directive on Renewable Energy. NEOT continuously verifies the sustainability scheme and currently it has been approved against Finnish national legislation and it fulfils Swedish and Norwegian requirements. This is mandatory approval for all companies willing to operate in fuel sector and who are mandated supply biofuels. Additionally our sustainability scheme is certified by European Commission approved voluntary scheme, ISCC EU. We apply following principles to ensure sustainable fuel procurement:
We source biofuels only from suppliers who fulfil the required sustainability criteria.
We know the origin of our feedstocks and biofuels we use.
We ensure that our contracts take into consideration relevant sustainability aspects.
We make sure the sustainability criteria is fulfilled and we also perform our own monitoring and audits.