UPM Annual Report 2025

We are UPM

Governance

Accounts and performance

Sustainability Statement

Report of the Board of Directors

Financial Statements

Auditor's Report

Sustainability Assurance Reports

Datapoint

Page number

Regulation

ESRS 2 IRO 1 E4 Biodiversity-related impacts, risks and opportunities (paragraph 16 a-c)

189

SFDR

ESRS E4-2 Sustainable land/agriculture practices or policies (paragraph 24 (b) )

190

SFDR

ESRS E4-2 Sustainable oceans/seas practices or policies (paragraph 24 (c))

Not material

SFDR

ESRS E4-2 Policies to address deforestation (paragraph 24 (d))

190

SFDR

Climate change (ESRS E1) UPM is committed to contributing to limiting global temperature rise and to science-based targets for mitigating climate change.

ESRS E5-5 Non-recycled waste (paragraph 37 (d))

207

SFDR

ESRS E5-5 Hazardous waste and radioactive waste (paragraph 39)

207

SFDR

ESRS 2- SBM3 – S1 Risk of incidents of forced labor (paragraph 14 (f))

209

SFDR

ESRS 2- SBM3 – S1 Risk of incidents of child labor (paragraph 14 (g))

209

Others

ESRS S1-1 Human rights policy commitments (paragraph 20)

210

SFDR, Others

ESRS S1-1 Due diligence policies on issues addressed by the fundamental International Labour Organization Conventions 1 to 8 (paragraph 21)

210

SFDR

ESRS S1-1 Processes and measures for preventing trafficking in human beings (paragraph 22)

210

SFDR

ESRS S1-1 Workplace accident prevention policy or management system (paragraph 23)

210

SFDR

ESRS S1-3 Grievance/complaints handling mechanisms (paragraph 32 (c))

237

SFDR, Others

Reduction in fossil CO 2 emissions from UPM's on-site combustion and purchased energy (Scope 1 and 2) Five-year average annual carbon sink of approximately -58% -22% -1.9 Reduction in CO 2 emissions from materials and logistics (Scope 3)

ESRS S1-14 Number of fatalities and number and rate of work-related accidents (paragraph 88 (b) and (c))

219

SFDR, Others

ESRS S1-14 Number of days lost to injuries, accidents, fatalities or illness (paragraph 88 (e))

219

Others

ESRS S1-16 Unadjusted gender pay gap (paragraph 97 (a))

221

Others

ESRS S1-16 Total remuneration ratio (paragraph 97 (b))

221

Others

ESRS S1-17 Incidents of discrimination (paragraph 103 (a))

221

Others

ESRS S1-17 Non-respect of UNGPs on Business and Human Rights and OECD (paragraph 104 (a))

221

Others

ESRS 2- SBM3 – S2 Significant risk of child labor or forced labor in the value chain (paragraph 11 (b))

223

SFDR, Others

Compared to 2015 (2030 target: -65%)

Compared to 2018 (2030 target -30%)

Mt CO 2 equivalents

ESRS S2-1 Human Rights Policy commitments (paragraph 17)

224

SFDR

ESRS S2-1 Policies related to value chain workers (paragraph 18)

224

SFDR

ESRS S2-1 Non-respect of UNGPs on Business and Human Rights principles and OECD guidelines (paragraph 19)

224

SFDR

ESRS S2-1 Due diligence policies on issues addressed by the fundamental International Labour Organization Conventions 1 to 8 ( paragraph 19)

224

SFDR, Others

ESRS S2-4 Human rights issues and incidents connected to its upstream and downstream value chain (paragraph 36)

226

SFDR, Others

ESRS S3-1 Human Rights Policy commitments (paragraph 16)

231

Others

ESRS S3-1 Non-respect of UNGPs on Business and Human Rights, ILO principles and/or OECD guidelines (paragraph 17)

231

Others

ESRS S3-4 Human rights issues and incidents (paragraph 36)

234

Others

ESRS S4-1 Policies related to consumers and end-users (paragraph 16)

Not material

Others

ESRS S4-1 Non-respect of UNGPs on Business and Human Rights and OECD guidelines (paragraph 17)

Not material

SFDR, Others

ESRS S4-4 Human rights issues and incidents (paragraph 35)

Not material

SFDR

ESRS G1-1 United Nations Convention against Corruption (paragraph 10 (b))

237

SFDR

ESRS G1-1 Protection of whistleblowers (paragraph 10 (d))

238

SFDR

ESRS G1-4 Fines for violation of anti-corruption and anti-bribery laws (paragraph 24 (a))

244

SFDR, Others

ESRS G1-4 Standards of anti-corruption and anti- bribery (paragraph 24 (b))

244

SFDR, Others

UPM Financial Report 2025

154

UPM Financial Report 2025

155

154

155

UPM Annual Report 2025

UPM Annual Report 2025