UPM Annual Report 2020

BEYOND FOSSILS

Global megatrends drive demand Towards a future beyond fossils From forests to sustainable products

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Creating shareholder value Our responsibility targets

By 2030, the global middle class is expected to include 3.5 billion people, two billion more than today. Nearly 90% of the additional middle class population will be Asians. China already has the second largest middle class in the world after the US. By 2030, over 70% of China’s population could be middle class, consuming nearly USD 10 trillion annually in goods and services. CONSUMPTION IS INCREASING

Source: Statista, EU

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UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020