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

By-products and waste

NON HAZARDOUS PROCESS WASTE

OTHER NON HAZARDOUS WASTE

TONNES (DRY WEIGHT), EXCEPT HAZARDOUS WASTE

HAZARDOUS WASTE

BY-PRODUCTS

TOTAL

TOTAL

2024

2024

2024

2024 3,500

2024

2023

Own workforce (ESRS S1) UPM is committed to being a responsible and attractive employer, now and in the future. Promoting diversity and inclusion is a prerequisite for UPM's business success and a healthy working environment. UPM's safety work is based on long-term planning, effective communication and leadership.

Recycling

63,000

268,000

16,000

352,000

408,000

Composting

0

8,700

0

0

9,100

9,000

Energy recovery

7,800

226,000

1,400

500

235,000

215,000

Temporary storage

900

22,000

2,500

0

25,000

20,000

Landfilling

0

94,000

1,300

0

95,000

85,000

Incineration without energy recovery

0

3,100

0

2,600

5,800

7,000

Other disposal

0

0

0

400

400

2,000

Total

72,000

622,000

22,000

7,000

723,000

745,000

Total amount of non-recycled waste *

127,000

113,000

Percentage of non-recycled waste

18 %

15 %

Engagement score in the Employee Engagement Survey Total recordable injury frequency (TRIF) 70 85% 6.1 4 points below the global average benchmark for UPM's own workforce Percentage of employees completed individual goal setting or annual discussion to enable continuous professional development

* Includes waste sent to landfilling and incineration without energy recovery as well as waste and by-products sent to a temporary storage

Waste and by-products UPM reports the sum of non - hazardous process waste and by - products divided into recycling, composting, energy recovery, landfilling, incineration without energy recovery and temporary storage. The sum of hazardous waste is divided into recycling, energy recovery, incineration without energy recovery and other disposal. The disposal method is determined by both direct information from the sites and by information provided by waste contractors. Depending on local circumstances, a waste fraction, e.g. ash, can be a by-product or waste. UPM has decided not to exclude these by products from its waste reporting but to report on both. Waste and by-product data are reported in bone dry tonnes, except for hazardous waste. The data are based on weighing results or invoicing data. At site level, data is collected continuously and reported to the authorities as required by law. Consolidation at Group level is done annually in UPM's common database. Internal use of side streams and residues for energy generation is reported as fuels. » Refer to E1-5 Energy consumption and mix. Waste data is reported to the relevant local authorities in accordance with the site permits. For UPM's pulp and paper mills in Europe, China and Uruguay, both waste and by-product data is verified and reported in accordance with the EU’s Eco-Management and Audit Scheme (EMAS) by EMAS-accredited auditors.

Main waste and by-product streams

%

2024

2023

Fibrous residues

50 % 26 %

48 % 31 %

Ash

Green liquor dregs

8 %

7 %

Ash is the residue from UPM's own and co-owned energy generation processes. Fibrous residues are bark, other wood waste or sludges from recovered paper processing and effluent treatment. Green liquor dregs are residues from chemical pulp production. » Refer to E5-2 Making use of residues, side streams and recovered materials In addition to waste and by-product streams, production residues are used internally as fuels: mainly black liquor from pulp production but also bark, other wood waste, or sludges from recovered paper processing and effluent treatment. This quantity is reported as fuel.

Reporting principles for metrics

Products The quantities of paper, pulp and converting materials include packaging and moisture. Plywood, veneer and sawn timber are sold and reported in cubic metres, heat and electricity in GWh. Total paper and chemical pulp production and total electricity sales are reported including internal sales of paper, chemical pulp and electricity.

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UPM FINANCIAL REPORT 2024

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UPM ANNUAL REPORT 2024

UPM ANNUAL REPORT 2024

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