UPM Annual Report 2024

WE ARE UPM

GOVERNANCE

ACCOUNTS AND PERFORMANCE

Our strategy

Our businesses

Sustainability

Our strategy

Our strategic direction

18

Executing our growth strategy

20

Ensuring performance

22

Creating value for customers

24

Innovating for the future

26

Value from sustainability

28

2030 sustainability targets and progress

30

Risks and opportunities

33

Generating shareholder value

36

16

17

UPM ANNUAL REPORT 2024

UPM ANNUAL REPORT 2024