UPM Annual Report 2023

RESPONSIBILITY

UPM

BEYOND FOSSILS

BUSINESSES

GOVERNANCE

ACCOUNTS FOR 2023

graphic paper. In 2023, we used approxi mately 0.8 (1.4) million tonnes of recov ered paper. Recycled fibres accounted for 17% (24%) of all fibre materials used in UPM’s paper production.

aim of finding breakthrough solutions in bioeconomy, circular economy and energy systems. We are also a member of 4evergreen, a cross-industry alliance to promote low-car bon and circular fibre-based packaging. The alliance aims to achieve a 90% recycling rate

Active engagement with circular economy networks We are a member of INGEDE (International Association of the Deinking Industry) and a shareholder in CLIC Innovation Ltd, a Finnish open innovation cluster with the

CIRCULAR BIOECONOMY AT UPM

FUTURE BEYOND FOSSILS

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S T A

Residues, sidestreams,

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

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recovered materials

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for fibre-based packaging by 2030 through out Europe. UPM Raflatac is an active member of the Ellen MacArthur Foundation, the global thought leader in the transition towards a circular economy. UPM Specialty Papers and UPM Raflatac are members of CELAB, which further promotes the development of a circular business model in the self-adhe sive label industry. In 2023, we continued to participate in the preparation process of the Finn

ish Circular Economy Green Deal and, together with Pohjolan Voima, in the Finnish UUMA4 programme, which aims to enhance the use of secondary raw materials in earth construction. During 2023, our Raflatac business also participated in the Circular Design training program to get new ideas, tools and partnerships to drive circular labelling solutions. We are also participating in the ISO stand ardisation of Circular Economy and are ac tively collaborating with various stakeholders

to enhance circularity. For example, we are collaborating with our paper machine cloth ing suppliers to find ways to recycle these fabrics after their use at the paper machine. In autumn 2023, we carried out a LinkedIn campaign to find potential new recycled nutrient suppliers for our mills. The cam paign identified some partners with whom we are continuing discussions.

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Innovation for the future on page 28 Sustainable product lifecycle on page 98

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Material efficiency

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IN ACTION

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Circulation of materials, water and nutrients

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FROM PULP PRODUCTION WASTE TO RAW MATERIAL

duction, in particular a mix of biological sludge from effluent treatment with phosphorus precipi tation sludge, into valuable resources. Cementos Artigas will efficiently use all the dry mixed sludge as a non-fossil fuel source and turn the inorganic part of the sludge into a raw material for a cement product. In addition to reuse, the process will reduce fossil carbon dioxide emissions by approximately 20,000 tonnes per year.

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UPM Fray Bentos pulp mill and Cementos Arti gas, a Uruguayan company specialising in the production and commercialisation of cements, concretes, and derivatives, are redefining indus trial waste management. The collaboration project, which started in September 2023, transforms waste from pulp pro

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UPM ANNUAL REPORT 2023

UPM ANNUAL REPORT 2023

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