UPM Annual Report 2022

BEYOND FOSSILS

UPM

BUSINESSES

RESPONSIBILITY

GOVERNANCE

ACCOUNTS FOR 2022

FUTURE BEYOND FOSSILS

UPM IN 2022 CEO review​

6 8

This is UPM

What the world needs

10 12 14 16 18

How we make a positive impact

Key figures ​

Highlights and recognitions Creating shareholder value ​

DIRECTION FOR THE FUTURE Biofore strategy Accelerating growth Ensuring performance Innovating for the future Value from responsibility 2030 responsibility targets​ Risks and opportunities

20 22 24 26 28 30 32

We will continue our long-term biodiversity programme on Uruguay's plantations and work with local environmental organisations . ACTIONS FOR THE FUTURE

4

5

UPM ANNUAL REPORT 2022

UPM ANNUAL REPORT 2022