Biofore-Magazine-2021

12

NEWS IN BR I EF

13

Poland UPM Raflatac is

strengthening its position in the fast-growing linerless labelstock market by scaling up production capacity and building a new production line in Nowa Wies.

Finland Glasshouse Helsinki is a home for sustainable

innovation and ethical art, design, fashion and industry brands. It brings design and corporate innovation together, in order to highlight sustainability.

Germany Construction of the biorefinery at Leuna is proceeding at full speed. The Federal President of Germany, Frank Walter Steinmeier, recently visited the site to show his support for the region’s economic development and the generation of the green chemistry excellence cluster.

E U R O P E

N O R T H A M E R I C A

A S I A

Biofuelling the future

The basic engineering phase of UPM’s next-generation biorefinery is progressing. High quality renewable fuels, including sustainable jet fuel, would significantly reduce the carbon footprint of road transport and aviation, while replacing fossil raw materials with renewable chemical and bioplastic alternatives. During the study, UPM will also review the ideal location for the biorefinery, which will be built in either Kotka, Finland, or the Dutch city of Rotterdam.

A F R I C A

S O U T H A M E R I C A

A U S T R A L I A

Uruguay The work at the Paso de los Toros construction site and Montevideo port terminal are both on budget and on schedule. Approximately 6,000 people are currently working on the project at various construction sites.

UPM around the world NEWS AND INSIGHTS FROM OUR GLOBAL NETWORK OF OPERATIONS

New Zealand WISA Woodsat, made of WISA Birch plywood, will be launched into space from the Mahia Peninsula. It is the world’s first satellite that uses wood as its primary structure.

We are the first forest industry company invited to join The Climate Pledge, co-founded by Amazon and Global Optimism. The companies participating are committed to reaching the targets set by the Paris Agreement by 2040 – a full decade in advance. UPM JOINS CLIMATE PLEDGE

No fossil energy sources are used in the production process at any of UPM’s four sawmills. Fossil-free production enables UPM to produce even more sustainable timber products with the smallest possible carbon footprint, thereby contributing to climate change mitigation. CLEAN, GREEN SAWING MACHINES

EQUAL PAY FOR ALL GUARANTEED

UPM will close the unexplained gender pay gap that cannot be explained by performance, work experience or job grade, i.e., the factors that typically determine a person’s salary. The review applies to all of UPM’s operating countries and is part of UPM’s fair remuneration policy.

MAKING MONEY GREEN

The Green Finance Framework and two Green Bonds totalling EUR 1.25bn are an important part of our financing and Biofore strategy. The proceeds of the first EUR 750m Green Bond were allocated to sustainable forest manage ment and climate positive products and solu tions.