UPM Annual Report 2022

RESPONSIBILITY

UPM

BEYOND FOSSILS

BUSINESSES

GOVERNANCE

ACCOUNTS FOR 2022

utilisation of 100% in 2022. We have further developed circular bioeconomy aspects, especially the utilisation of future side streams at the Paso de los Toros pulp mill

that will start in Uruguay in early 2023. UPM BioVerno renewable diesel and naphtha are produced from crude tall oil, a residue from chemical pulp production.

Lignin, a side stream of pulp production, is used in WISA BioBond gluing technology, re placing fossil-based phenol used in plywood manufacturing. If lignin is not used as mate

CIRCULAR BIOECONOMY AT UPM

FUTURE BEYOND FOSSILS

S U

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Residues, sidestreams,

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recovered materials

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We minimise waste and maximise the reuse of materials and side streams.

rial, its energy content is recovered. Lime is a side stream of pulp production, which can be used as a liming agent or for pH adjustment. We are also actively enhancing circu larity over the product lifecycle by using recovered materials. UPM Raflatac collects label waste from more than 400 partners globally and recycles it with its RafCycle® service. The service takes the self-adhesive label waste and gives it new life as paper liner, magazine paper or biocomposite ma terial. UPM Specialty Papers has developed UPM LinerLoop™, a unique concept where collected release liners are desiliconised at UPM Plattling and used to produce new high-performance release liner base papers. We also have a long history of using recov ered paper to produce new graphic paper. In 2022, we used approximately 1.4 (1.7) million tonnes of recovered paper. Recycled fibre accounted for 24% (22%) of all fibre materials used in UPM’s paper production.

UPM Raflatac is an active member of the Ellen MacArthur Foundation, the global thought leader of the transition towards a circular economy. UPM Specialty Papers and UPM Raflatac are members of the CEL AB, to further promote the development of a circular business model in the self-adhe sive label industry. In 2022, we participated in the prepa ration process of the Finnish Green Deal of circular economy and continued to participate, together with Pohjolan Voima, in the Finnish UUMA4 programme, which aims to enhance the use of secondary raw materials in earth construction. We are also participating in the ISO standardisa tion of Circular Economy and are active in several local projects related to side stream utilisation.

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Active engagement with circular economy networks We are a member of INGEDE (International Association of the Deinking Industry), and a shareholder of CLIC Innovation Ltd., a Finnish open innovation cluster with the aim of finding breakthrough solutions in bioecono my, circular economy and energy systems. We are also a member of 4evergreen, a cross-in dustry alliance to promote low-carbon and cir cular fibre-based packaging. The alliance aims to achieve a 90% recycling rate of fibre-based packaging by 2030 throughout Europe.

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Innovation for the future on page 26 Sustainable product lifecycle on page 96

N O

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94

95

UPM ANNUAL REPORT 2022

UPM ANNUAL REPORT 2022

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