Annual Report 2023 UPM Forestal Oriental

9

UPM FORESTAL ORIENTAL

OUR OBJECTIVES The main forestry management

objective is the sustainable production of timber for the manufacturing of pulp, primarily meeting the demand of the Fray Bentos and Paso de los Toros mills with timber from the company’s own plots and those of third parties.

STRATEGIC OBJECTIVES Creating value for society – whether through sustainable products or responsible operations – is an integral part or UPM’s strategy. The company’s strategy is based on the use of timber in all forms, bringing together the biological and forestry industry to create a future without fossil fuels that has innovation, efficient use of resources and responsibility as its central axes. This strategy acknowledges some of the biggest

challenges the world is facing today, including resource scarcity, climate change, loss of biodiversity and use of water. To guide the company’s corporate responsibility policies, UPM defined a set of goals and performance indicators for 2030 across three different areas: economic, social and environmental responsibility. The

targets are reviewed annually and the results are published in UPM’s global Annual Report. The company’s strategy, vision and values guide and motivate us to achieve these challenging goals that, at the same time, contribute to several of the United Nations Sustainable Development Goals (SDEGs).