Annual Report 2023 UPM Forestal Oriental

12

UPM CODE OF CONDUCT

1

6

UPM aspires to be a trusted business partner and believes that responsible and ethical practices create long term value for both the company and stakeholders. UPM has expressed its commitment to integrity in the Code of Conduct. Our guiding principle is that we do not compromise our standards of integrity under any circumstances and we expect the same from our third-party vendors and intermediaries. All UPM suppliers and third party intermediaries must comply with the standards set in the UPM Code for Suppliers and

Third-Parties or demonstrate compliance with similar standards defined in their own codes of conduct or company policies. This code defines a minimum threshold for performance that UPM requires from all its suppliers. There are additional requirements for certain materials and services. The code is based on the United Nations Global Compact Initiative, the United Nations Guiding Principles on Business and Human Rights and the International Labour Organization Declaration on Fundamental Principles and Rights at Work.

Commitment to integrity

Compliance with antitrust legislation

2

7

Respect for people and human rights

Protection of information and assets

3

8

Concern over the environmental impact and the safety of the products

Familiarity with business partners

9

4

Interaction with stakeholders and society

Zero tolerance against corruption and bribery

UPM Code For Suppliers and Third Parties

UPM Code of Conduct

5

10

Compliance is everyone’s business

Business transparency