UPM Annual Report 2022

First page Table of contents Next page Last page
Cover1
Contents2 - 3
Beyond fossils4 - 5
CEO review6 - 7
This is UPM8 - 9
What the world needs10 - 11
How we make a positive impact12 - 13
Key figures14 - 15
Highlights and recognitions16 - 17
Creating shareholder value18 - 19
Biofore strategy20 - 21
Biofore strategy20 - 21
Accelerating growth22 - 23
Ensuring performance24 - 25
Innovating for the future26 - 27
Value from responsibility28 - 29
Our responsibility targets for 203030 - 31
Risks and opportunities32 - 33
Our businesses34 - 35
Business areas34 - 35
UPM Fibres - Pulp & Timber36 - 37
UPM Energy42 - 43
UPM Raflatac44 - 45
UPM Specialty Papers46 - 47
UPM Communication Papers48 - 49
UPM Plywood50 - 51
Other businesses52 - 53
UPM Biorefining - UPM Biofuels52 - 53
UPM Biorefining - UPM Biochemicals54 - 55
UPM Biorefining - UPM Biomedicals56 - 57
UPM Biorefining - UPM Biocomposites56 - 57
Our responsible way of operating58 - 59
Creating value for people and society60 - 61
Active dialogue with stakeholders60 - 61
Engaging employees64 - 65
Diverse and inclusive working culture68 - 69
Safety first70 - 71
Embedding human rights in everything we do72 - 73
Committed to compliance74 - 75
Ensuring a responsible supply chain78 - 79
Contributing to society through taxes80 - 81
Actions for environment82 - 83
Climate-positive forestry82 - 83
Enhanging biodiversity84 - 85
Taking climate action with energy86 - 87
Responsible water use90 - 91
Advancing a circular bioeconomy92 - 93
Sustainable product lifecycle96 - 97
Our societal and environmental impacts98 - 99
Governance100 - 101
Growth in a changing environment102 - 103
Remuneration108 - 109
Board of Directors112 - 113
Group Executive Team114 - 115
Independent practitioner's limited assurance report on UPM's Corporate Responsibility reporting116 - 117
Accouts for 2022118 - 119
Report of the Board of Directors120 - 121
Financial statements158 - 159
Auditor's report230 - 231
Other financial information234 - 235
UPM on a world map242 - 243
Contact us244 - 245

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