UPM Annual Report 2020

OUR ALTERNATIVES TO FOSSIL-BASED MATERIALS

FIBRE PRODUCTS We provide responsibly produced fibre-based products that are used in packaging, hygiene and tissue products, often replacing non-renewable raw materials. We use renewable wood fibre as the main raw material for our graphic papers, specialty packag ing materials, labelling materials and biocomposite products.

MOLECULAR BIOPRODUCTS Wood-based biofuels and biochemicals offer new growth oppor tunities and expand our product portfolio. Our advanced biofuels are suitable for all engines and naphtha replaces fossil raw mate rials in chemical production. Biochemicals will be used in textiles, PET bottles, packaging, cosmetics, pharmaceuticals, detergents, rubbers and resins.

FROM FORESTS TO SUSTAINABLE PRODUCTS Our business is based on forests: We grow and harvest forests to create renewable and recyclable materials and products. Innovations that offer alternatives to fossil-based materials are at the core of our Biofore strategy.

50 million We plant trees every year

Sustainable forestry and land use respond to resource scarcity and climate change, while at the same time creating the pre requisites for financial growth. Sustainable forestry safeguards biodiversity, the good state of water bodies and the benefits of forests for humans. We ensure that our forests growmore than we harvest, and we will improve our forests’ growth and their ability to absorb carbon even further. Sustainable forest management requires investments and continuous development.

This secures the economic value of forests and wood supply. The benefits are widely distributed across rural areas, balancing out regional disparities. Circular economy solutions and resource efficiency complement sustainable forest management. Many of the challenges we face could be solved entirely or in part if materials were circulated more efficiently. We take concrete actions every day to keep forests growing and materials circulat ing for the future beyond fossils.

LOW-EMISSION ENERGY Our energy portfolio consists mostly of energy sources that do not cause fossil CO 2 emissions. We generate hydropower, nuclear power and biomass-based energy in the mills’ combined heat and power plants. Energy efficiency means that energy consumption and emissions are continuously reduced.

WOOD PRODUCTS Most of our wood products are used in construction. Plywood and sawn timber are also used in furniture and parquet, packaging and vehicle floors, as well as insulation in carriers used for liquefied natural gas. Wood products offer a solution that is healthy, safe and mitigates climate change. Our wood-based products retain the carbon bound in wood throughout their lifetime.

Responsible product lifecycle on page 82 Sustainable forestry on page 86 Reducing energy use and emissions to air on page 88 Resource efficiency and circular economy on page 94

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UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020

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