Annual Report 2023 UPM Forestal Oriental

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AREAS OF RESPONSIBILITY:

More information on upm’s performance in each responsibility objective

At UPM Forestal Oriental, we frame our strategic objectives across three areas of responsibility:

ECONOMIC RESPONSIBILITY •Create value for our shareholders, ensuring the efficient use of resources •Ensure competitiveness in the supply chain by continuously incorporating new technological improvements •Good business practices (decision making, management and operations), as well as responsible commercial practices. •Promote long term relationships and open collaboration with suppliers, especially those that are key to our operations •Ensuring compliance with our Code of Conduct throughout our value chain •Responsible production and consumption

SOCIAL RESPONSIBILITY •Develop a strong organizational culture and a place of work that guarantees a diverse and inclusive environment •Ensure health and safety of our employees, contractors and local communities closest to our operations •Ensure the continuous learning and development of skills and abilities among our teams •Promote responsible leadership based on values and integrity •Ensure the commitment and active involvement of third parties in our operations, as well as in promoting local development •Ensure fair working conditions in compliance with local regulations and applicable international standards

ENVIRONMENTAL RESPONSIBILITY •Guarantee the sustainable and responsible use of natural resources

•Maintain and improve biodiversity

•Promote circular economy initiatives

•Ensure forest ecosystem services and climate-positive forestry

•Design solutions that consider the product’s entire life cycle.