UPM Annual Report 2024

WE ARE UPM

GOVERNANCE

ACCOUNTS AND PERFORMANCE

Report of the Board of Directors

Sustainability Statement

Financial Statements

Auditor's Report

Sustainability Assurance Reports

Template 5 Taxonomy non-eligible economic activities ROW ECONOMIC ACTIVITIES

AMOUNT AND PROPORTION

AMOUNT

%

CLIMATE CHANGE MITIGATION (CCM)

CLIMATE CHANGE ADAPTATION (CCA)

ROW

ECONOMIC ACTIVITIES

CCM + CCA

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 4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other Taxonomy non-eligible economic activities not referred to in the rows above in the denominator of the Turnover Total amount and proportion of Taxonomy non-eligible economic activities in the denominator of the Turnover 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 4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other Taxonomy non-eligible economic activities not referred to in the rows above in the denominator of the CapEx Total amount and proportion of Taxonomy non-eligible economic activities in the denominator of the CapEx 4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels ECONOMIC ACTIVITIES 4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels

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

2.

2.

3.

4.

3.

5.

4.

4.29. Electricity generation from fossil gaseous fuels

5.

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

6.

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-eligible but not Taxonomy aligned economic activities not referred to in the rows above in the denominator of the CapEx Total amount and proportion of Taxonomy eligible but not Taxonomy-aligned economic activities in the denominator of the CapEx

7.

9,796

95 %

7.

8.

9,796

95 %

70

9 %

70

9 %

—

— %

8.

ROW

AMOUNT

%

70

9 %

70

9 %

—

— %

1.

2.

AMOUNT AND PROPORTION

CLIMATE CHANGE MITIGATION (CCM)

CLIMATE CHANGE ADAPTATION (CCA)

CCM + CCA

ROW

ECONOMIC ACTIVITIES

3.

AMOUNT

%

AMOUNT

%

AMOUNT

%

4.

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 4.31. Production of heat/cool from fossil gaseous fuels in an efficient district heating and cooling system Amount and proportion of other Taxonomy eligible but not Taxonomy-aligned economic activities not referred to in the rows above in the denominator of OpEx Total amount and proportion of Taxonomy eligible but not Taxonomy-aligned economic activities in the denominator of the OpEx 4.30. High-efficiency co-generation of heat/cool and power from fossil gaseous fuels

5.

2.

6.

3.

7.

4.

420

52 %

8.

5.

420

52 %

6.

7.

27

4 %

27

4 %

—

— %

8.

27

4 %

27

4 %

—

— %

UPM FINANCIAL REPORT 2024

172

UPM FINANCIAL REPORT 2024

173

172

173

UPM ANNUAL REPORT 2024

UPM ANNUAL REPORT 2024