UPM Annual Report 2022

ACCOUNTS FOR 2022

UPM

BEYOND FOSSILS

BUSINESSES

RESPONSIBILITY

GOVERNANCE

ACCOUNTS FOR 2022

Report of the Board of Directors

120 158 231 235 242 245

Financial statements

Auditor’s report

Other financial information

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ACTIONS FOR THE FUTURE

We will significantly increase our carbon-free electricity generation and use low-emission energy sources in our energy-consuming businesses.

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UPM ANNUAL REPORT 2022

UPM ANNUAL REPORT 2022