UPM Annual Report 2020

OUR SOCIETAL AND ENVIRONMENTAL IMPACTS

DIRECT DOWNSTREAM

INDIRECT DOWNSTREAM

PRODUCTS

EMISSIONS TO AIR

Indirect inputs and outputs provide a more comprehensive picture of the value chain. Together with the direct inputs and outputs they form the basis for impact evaluation.

Our activities and products have impacts on society. Understanding these impacts is a prerequisite to develop our operations. The evaluation covers our value creation from economic, social and environmental perspective.

13,400 in 130 countries

Number of customers

7.0m t

7,500 t

Paper

Nitrogen oxides

3.6m t

1,000 t

Chemical pulp

Sulphur dioxide

over 200 million

People using UPM products

0.6m t

710 t

Converting materials

Particulates

EUR 1,8m distributed to about 251 groups

Biofore Share and Care donations and sponsorships

INDIRECT UPSTREAM

DIRECT UPSTREAM

UPM

0.7mm 3

1,000 t

Plywood and veneer

VOC

RAWMATERIALS

Number of b-to-b suppliers

Fossil CO 2 emissions (Scope 1)

21,000

1.6mm 3

2.7m t

Sawn timber

24.9m m 3

Wood

2.7m t

Virgin materials replaced

11,000 GWh

Electricity and heat

Private forest owners supplying wood to UPM

16,000

1.6m t

Market pulp

EMISSIONS TOWATER

EUR 8,580m

Sales

51 production sites in 12 countries

EUR 7.2 billion

Value of products eligible for ecolabelling

1.8m t

Recovered paper

190m m 3

Process wastewater

50 million

Seedlings planted

EUR 948m

Comparable EBIT

1.8m t

Minerals

180m m 3

Cooling water

7.5%

Comparable ROE

Fossil CO 2 emissions (Scope 3 downstream)

Supplier spend covered by UPM Supplier Code

2.4m t

84%

Purchased paper for converting Co-mingled domestic waste Plastic, adhesives, resins, films

Biological oxygen demand (7days) t Chemical oxygen demand Adsorbable organic halogens

0.4m t

6,400 t

EUR 693m

Dividend distribution

83%

Certified wood

Carbon stored in UPM products

Employee wages and benefits

57,000 t

0.2m t

16m t

EUR 1,188m

1,025,000 ha own and leased forests and plantations

Percentage of wood origin known

260 t

Corporate income taxes paid and property taxes Payments to providers of loans Granted patents and patents validations

100%

EUR 178m

0.2m t

EUR 51m

Fossil CO 2 emissions (Scope 2 upstream)

EUR 4.5 billion

Costs, raw materials

2.7m t

WATER UPTAKE

274

Fossil CO 2 emissions (Scope 3 upstream)

3.8m t

376m m 3

Surface water

PEOPLE

PROCESS WASTE AND BY-PRODUCTS

18,000 employees Approx. 113,000 shareholders

670,000 dry t

Material recycling

Water intensive production sites located in water abundant areas

71% favourable

19m m 3

Employee engagement index

Ground water

100%

190,000 dry t

Energy recovery

4m m 3

Communal water

30,000 dry t

Composting

1,700

New hires

Training hours per employee

7

ENERGY

100,000 dry t

Landfilling

Restricted chemical substances in UPM screening

6,000

26,100 GWh

Renewable fuels

Capital employed EUR 11,555m Net debt EUR 56m Market cap EUR 16,250m

7,000 dry t

Temporary storage

Total recordable injury frequency incl. contractors

6.2

Incineration without energy recovery

UPM forests available for recreational use

10,300 GWh

2,000 dry t

Fossil fuels

591,000 ha

Lost-time accident frequency incl.contractors

3.5

Hazardous waste for special treatment

Purchased electricity and heat

6,000 t

12,900 GWh

EUR 350m

Ecosystem services

OUTCOME & IMPACTS Purchase power of workforce and shareholders EUR 1,881 million

Multiplicative effects of value added EUR 2.4 billion

Increasing knowledge and quality of life through our products

Responsible business practices in value chain

Vitality and prosperity for area of influence

Health impact on employees and contractors

Employee skills enhanced

Biodiversity enhanced 1)

Climate change mitigation through UPM’s carbon actions 2)

Impact valuation of carbon sink of UPM own and leased forests EUR 187m 3)

Impact valuation of GHG emissions EUR –357m

Impact valuation of recreational use of UPM forests EUR 80m 4)

Impact valuation of ash used as raw material EUR 15m 4)

Impact valuation of landfilled waste EUR –15m 4)

1) Read more on pages 86-87, 2) Read more on pages 16-17, 3) Based on study by Natural Resources Institute Finland, 4) examples based on pilot study by Gaia

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UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020

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