Annual Report 2023 UPM Forestal Oriental

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RESPONSIBLE ENVIRONMENTAL MANAGEMENT

OBJECTIVES

At UPM Forestal Oriental we are committed to respecting people and the environment based on integration, thus creating long term ties that are mutually beneficial. We work to sustain excellent environmental performance in all operations and contribute significantly to the conservation of biodiversity. We continuously manage our operation’s environmental aspects, as they are the starting point for setting annual goals and developing detailed environmental programmes with scopes, timelines and responsibilities. We regularly monitor progress towards the goals set.

Our main strategic environmental objectives are:

Ensure that forestry practices maximise positive impacts and minimise negative environmental impact.

Contribute to the conservation of sensitive environments and biodiversity

Ensure compliance with environmental requirements

Sustain the company’s leadership in environmental management on a national scale.

To meet the previously defined objectives, we implemented a set of specific actions, including:

•Maintaining a network of biodiversity reserve areas

•Strengthening company-wide capabilities on environmental management •Put into action inter-institutional cooperation agreements (UDELAR, CENUR, Vida Silvestre, IPEF – PROMAB, independent experts, among others) •Continue to improve the company’s environmental management standing, as well as the assimilation of environmental indicators into the decision-making process

•Implementing monitoring plans for key environmental values •Ensure the incorporation of technology for the best environmental performance. •Identification, analysis and management of significant environmental aspects