UPM Annual Report 2021

STRATEGY

UPM

BEYOND FOSSILS

BUSINESSES

RESPONSIBILITY

GOVERNANCE

ACCOUNTS FOR 2021

STRATEGY

Biofore strategy

22 24 26 28 30 32 34

Spearheads for growth Ensuring performance Innovating for the future Value from responsibility 2030 responsibility targets Risks and opportunities

CREATING A POSITIVE IMPACT IN URUGUAY

Our investments in 2021 amounted to nearly EUR 1.5bn or 15% of sales. Customers, investors and an increased network of suppliers benefit from our strategic growth project in Uruguay. The pulp mill also creates significant opportunities for the residents of the surrounding areas and for regional development. Permanent jobs increase wages, tax revenues and benefit the vitality of local communities.

Read more about our positive impact on UPM’s website

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UPM ANNUAL REPORT 2021

UPM ANNUAL REPORT 2021