UPM Annual Report 2023

ACCOUNTS FOR 2023

UPM

BEYOND FOSSILS

BUSINESSES

RESPONSIBILITY

GOVERNANCE

Nuclear and fossil gas related templates Template 1 Nuclear and fossil gas related activities Row Nuclear energy related activities 1.

Amount and proportion

Climate change mitigation (CCM)

Climate change adaptation (CCA)

CCM + CCA

Row

Economic activities

Amount

%

Amount

%

Amount

%

The undertaking carries out, funds or has exposures to research, development, demonstration and deployment of innovative electricity generation facilities that produce energy from nuclear processes with minimal waste from the fuel cycle. NO

1.

4.26. Pre-commercial stages of advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle 4.27. Construction and safe operation of new nuclear power plants, for the generation of electricity or heat, including for hydrogen production, using best-available technologies 4.28. Electricity generation from nuclear energy in existing installations

2.

The undertaking carries out, funds or has exposures to construction and safe operation of new nuclear installations to produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production, as well as their safety upgrades, using best available technologies. YES The undertaking carries out, funds or has exposures to safe operation of existing nuclear installations that produce electricity or process heat, including for the purposes of district heating or industrial processes such as hydrogen production from nuclear energy, as well as their safety upgrades. YES

2.

3.

3.

Fossil gas related activities

4.

4.29. Electricity generation from fossil gaseous fuels

4.

The undertaking carries out, funds or has exposures to construction or operation of electricity generation facilities that produce electricity using fossil gaseous fuels. NO The undertaking carries out, funds or has exposures to construction, refurbishment, and operation of combined heat/cool and power generation facilities using fossil gaseous fuels. NO The undertaking carries out, funds or has exposures to construction, refurbishment and operation of heat generation facilities that produce heat/cool using fossil gaseous fuels. NO

5.

4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels

5.

6.

4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other taxonomy aligned economic activities not referred to in rows above in the denominator of CapEx

6.

7.

460

35 %

460

35 %

—

— %

Template 2 Taxonomy-aligned economic activities (denominator)

Total CapEx

8.

1,329

100 %

1,329

100 %

—

— %

Amount and proportion

Climate change mitigation (CCM)

Climate change adaptation (CCA)

Row

Economic activities

CCM + CCA

Amount and proportion

Amount

%

Amount

%

Amount

%

Climate change mitigation (CCM)

Climate change adaptation (CCA)

Row

Economic activities

1.

4.26. Pre-commercial stages of advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle

CCM + CCA

Amount

%

Amount

%

Amount

%

1.

4.26. Pre-commercial stages of advanced technologies to produce energy from nuclear processes with minimal waste from the fuel cycle 4.27. Construction and safe operation of new nuclear power plants, for the generation of electricity or heat, including for hydrogen production, using best-available technologies 4.28. Electricity generation from nuclear energy in existing installations 4.29. Electricity generation from fossil gaseous fuels

2.

4.27. Construction and safe operation of new nuclear power plants, for the generation of electricity or heat, including for hydrogen production, using best-available technologies 4.28. Electricity generation from nuclear energy in existing installations 4.29. Electricity generation from fossil gaseous fuels

136

1 %

136

1 %

—

— %

2.

3.

198

2 %

198

2 %

—

— %

16

2 %

16

2 %

—

— %

4.

3.

41

6 %

41

6 %

—

— %

5.

4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels

4.

6.

4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other taxonomy aligned economic activities not referred to in rows above in the denominator of Turnover

5.

4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels

7.

6.

4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other taxonomy aligned economic activities not referred to in rows above in the denominator of OpEx

660

6 %

660

6 %

— —

— % — %

7.

Total Turnover

8.

10,460

100 % 10,460

100 %

84

12 %

84

12 %

—

— %

Total OpEx

8.

712

100 %

712

100 %

—

— %

150

151

UPM ANNUAL REPORT 2023

UPM ANNUAL REPORT 2023

UPM FINANCIAL REPORT 2023

150

UPM FINANCIAL REPORT 2023

151