UPM Annual Report 2021

First page Table of contents Next page Last page
Cover1
Contents2 - 3
Beyond fossils4 - 5
CEO review6 - 7
This is UPM8 - 9
It's a material world10 - 11
Sustainable choices12 - 13
Key figures14 - 15
Events and recognitions16 - 17
Creating shareholder value18 - 19
Strategy20 - 21
Biofore strategy22 - 23
Spearheads for growth24 - 25
Ensuring performance26 - 27
Innovating for the future28 - 29
Value from responsibility30 - 31
2030 responsibility targets32 - 33
Risks and opportunities34 - 35
Our businesses36 - 37
Business areas38 - 39
UPM Fibres38 - 39
UPM Energy44 - 45
UPM Raflatac46 - 47
UPM Specialty Papers48 - 49
UPM Communication Papers50 - 51
UPM Plywood52 - 53
Other businesses54 - 55
UPM Biofuels54 - 55
UPM Biochemicals56 - 57
UPM Biomedicals58 - 59
UPM Biocomposites58 - 59
How we execute our strategy60 - 61
Our responsible way of operating62 - 63
Creating value with people64 - 65
Active stakeholder engagement64 - 65
Enabling the performance of our people68 - 69
Creating a diverse and inclusive environment72 - 73
Strengthening safety culture74 - 75
Responsible foundation of our business76 - 77
Compliance underpins performance76 - 77
Generating tax revenue80 - 81
Responsible sourcing82 - 83
Sustainable forestry84 - 85
Sustainable product lifecycle86 - 87
Actions for environment88 - 89
Circular bioeconomy88 - 89
Reducing energy use and emissions to air92 - 93
Responsible water use96 - 97
Our societal and environmental impacts98 - 99
Governance100 - 101
Enabling growth102 - 103
Remuneration108 - 109
Board of Directors112 - 113
Group Executive Team114 - 115
Independent practitioner’s limited assurance report on UPM’s Corporate Responsibility reporting116 - 117
Accounts for 2021118 - 119
Report of the Board of Directors120 - 121
Financial statements150 - 151
Auditor’s report220 - 221
Other financial information224 - 225
UPM on a world map232 - 233
Contact us234 - 235

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