UPM Annual Report 2023

BEYOND FOSSILS

UPM

BUSINESSES

RESPONSIBILITY

GOVERNANCE

ACCOUNTS FOR 2023

FUTURE BEYOND FOSSILS

UPM IN 2023 Review by the President and CEO

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This is UPM

What the world needs

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How we make a positive impact

Key figures ​

Highlights and recognitions Creating shareholder value ​

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

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We source our raw materials from sustainably managed forests and transform them into renewable products that help our customers meet their sustainability goals. WHAT TRANSFORMING MEANS

www.upm.com

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UPM ANNUAL REPORT 2023

UPM ANNUAL REPORT 2023