UPM Annual Report 2023

First page Table of contents Next page Last page
Cover1
Contents2
Beyond fossils4
UPM in 20234
Review by the President and CEO6
This is UPM8
What the world needs10
How we make a positive impact12
Key figures14
Highlights and recognitions16
Creating shareholder value18
Direction for the future20
Biofore strategy20
Accelerating growth22
UPM Paso de los Toros24
Ensuring performance26
Innovating for the future28
Value from responsibility30
Our responsibility targets for 203032
Risks and opportunities34
Our businesses36
Business areas36
UPM Fibres - UPM Pulp38
UPM Fibres - UPM Timber40
UPM Energy42
UPM Raflatac44
UPM Specialty Papers46
UPM Communication Papers48
UPM Plywood50
Other operations52
UPM Biorefining - UPM Biofuels52
UPM Biorefining - UPM Biochemicals54
UPM Biorefining - UPM Biomedicals56
UPM Biorefining - UPM Biocomposites56
Our responsible way of operating58
Creating value for people and society58
Active dialogue with stakeholders60
Engaging employees64
Diverse and inclusive working culture68
Safety first70
Advancing human rights across our businesses72
Committed to compliance74
Ensuring a responsible supply chain78
Contributing to society through taxes80
Actions for environment82
Climate-positive forestry82
Enhanging biodiversity84
Commited to climate actions86
Towards fossil-free energy88
Responsible water management92
Advancing a circular bioeconomy94
Sustainable product lifecycle98
Our societal and environmental impacts100
Governance102
Growth strategy continued104
Remuneration110
Board of Directors114
Group Executive Team116
Independent practitioner's limited assurance report on UPM's Corporate Responsibility reporting118
Accouts for 2023120
Report of the Board of Directors122
Financial statements162
Auditor's report236
Other financial information240
UPM on a world map248
Contact us250

Made with FlippingBook - Online catalogs