Neste Corporation – No Longer a TFT Member
Mutual decision reached by TFT and Neste to terminate palm oil membership
Neste is the world’s largest producer of renewable diesel, becoming a TFT member in 2013. We worked with Neste to define its No Deforestation policy. Following the subsequent publication of its No Deforestation and Responsible Sourcing Guidelines for Renewable Feedstock, we supported Neste to implement its Guidelines throughout its crude palm oil supply chain.
Following recent exchanges, we have come to the mutual decision not to renew Neste Corporation’s TFT palm oil membership. TFT and Neste currently have different approaches to transformation of the supply chain. TFT is committed to fostering transformation of the palm oil supply chain through practical and innovative approaches. These approaches aim to drive transformation beyond certification and across the sourcing networks of mills and growers.
We have agreed to keep a door open for potential future collaboration and look forward to discussing progress our two organisations have made in the near future. Above all, TFT wishes Neste Corp. all the best with their ongoing responsible palm oil work and encourage them to inspire change as they navigate forward.