UPM Annual Report 2025

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Sustainability Statement

Report of the Board of Directors

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E2-3

E2-4

Emissions to air, water and soil The tables below include the amount of pollutants listed in the European Pollutant and Transfer Register (E-PRTR; Annex II of Regulation (EC) No 166/2006) from production sites for which the applicable threshold value is exceeded. This means that the amounts only cover these production sites and their respective emissions. For the most relevant parameters, UPM also reports total amounts of the emissions considered most material for UPM, as well as common effluent quality parameters for the pulp and paper industry that are not listed in the E-PRTR.

Targets related to emissions To manage its sustainability activities, UPM has set several targets and key performance indicators for its sustainability focus areas covering emissions from production sites (covered under Climate, Water, and Waste) and the supply chain. These targets support UPM's policy objective of mitigating,

Emissions to water (E-PRTR scope*)

preventing and controlling negative impacts related to pollution (UPM Code of Conduct). UPM's sustainability targets are developed taking the views, wishes, and perspectives of external stakeholders from UPM's constant multi-stakeholder dialogue into account.

t, kg or g

2025

Chlorides (as total Cl), t

14,600

Zinc and compounds (as Zn), kg

5,600

Copper and compounds (as Cu), kg

1,600

Base year

Base year

Target follow-up 2025 (2024)

Nickel and compounds (as Ni), kg

570

Sustainability focus area and key performance indicator

value 2030 target

Arsenic and compounds (as As), kg

280

Climate, including air emissions Acidifying flue gases (NO X /SO 2 ) for an average UPM product Water Chemical oxygen demand (COD) for an average UPM product * Waste Process waste sent to landfills or to incineration without energy recovery

Lead and compounds (as Pb), kg

130

2015

100% **

-20%

-20% (-19%)

Chromium and compounds (as Cr), kg

110

Emissions to air (E-PRTR scope*)

Cadmium and compounds (as Cd), kg

50

2008

100% ***

-40%

-43% (-44%)

t, kg or g

2025

Mercury and compounds (as Hg), kg

2

Carbon monoxide (CO), t

5,500

PCDD + PCDF (dioxins + furans) (as Teq), g

20

2015 122,000 dry tonnes

0 tonnes

101,000 (97,000) tonnes, 82% (83%) of UPM's process waste recovered or recycled

Chlorine and inorganic compounds (as HCl), t

20

Total nitrogen

—

PCDD + PCDF (dioxins + furans) (as Teq), g

10

Total phosphorous

—

Responsible sourcing UPM total spend covered by UPM Supplier and Third-Party Code

Nonylphenol and Nonylphenol ethoxylates (NP/NPEs)

—

Chromium and compounds (as Cr)

—

2015

79%

>80% (continuous)

86% (91%)

Naphthalene

—

Polycyclic aromatic hydrocarbons (PAHs)

—

Particulate matter (PM10)

—

Polycyclic aromatic hydrocarbons (PAHs)

—

* Relevant for pulp and paper production ** Calculation: minus 20% target for weighted average of reductions to be achieved for specific emissions of Pulp, Paper, Plywood, Biofuels, and Timber, with base year as 100% *** Calculation: minus 40% target for weighted average of reductions to be achieved for specific emissions of Pulp and Paper, with base year as 100%

Arsenic and compounds (as As)

—

Fluorides (as total F)

—

Cadmium and compounds (as Cd)

—

—

Octylphenols and Octylphenol ethoxylates

Copper and compounds (as Cu)

—

—

Benzo(g,h,i)perylene

UPM's sustainability targets for 2030 are followed up and reported at Group level at least annually. The target parameters chosen for emissions to air, water, and soil are the most relevant to be followed up for UPM's main production areas. They are evaluated and set based on historical development, known investment projects and technology developments, and potential local impacts. They aim to go beyond actual permit values which are set by the authorities considering the local circumstances. If available, EU Ecolabel criteria or the reference values of BAT (best available techniques) are also taken into account when setting targets. Group-level targets are broken down into business areas and sites based on detailed allocation in the case of COD, used as an indicative target for all business areas in case of acidifying flue gases, or are a generic target for all sites in the case of UPM's "zero waste to landfill" target. UPM has chosen COD (chemical oxygen demand) as the most appropriate indicator for the effluent load from pulp and paper production. Other units do not have significant emissions to water. The effluent, or wastewater, of pulp and paper mills includes organic substances which consume oxygen during biodegradation. The low oxygen content in water can have an adverse effect on plant and animal life. COD refers to the amount of oxygen consumed in the complete chemical oxidation of organic compounds.

UPM's target for acidifying flue gases aims to reduce emissions of NO X and SO 2 from its energy generation and production processes. Progress toward the Group-level targets for effluent load (COD) and acidifying flue gases (NO X and SO 2 ) is ahead of schedule. The 2030 target for COD was achieved in 2024 and the 2030 target for acidifying flue gases was achieved in 2025.

Mercury and compounds (as Hg)

—

* Scope includes only UPM sites' emissions above the threshold which is specified in the EU's E-PRTR

Nickel and compounds (as Ni)

—

Lead and compounds (as Pb)

—

Emissions to water (total amount)

Zinc and compounds (as Zn)

—

Polychlorinated biphenyls (PCBs)

—

t

2025

2024

Refer to » E5-3 Targets for the waste target and Refer to » G1-2 Targets for the sourcing target.

—

Fluorine and inorganic compounds (as HF)

Biological oxygen demand (BOD7)

5,300

5,200

Chemical oxygen demand (COD)

57,600

56,600

* Scope includes only UPM sites' emissions above the threshold which is specified in the EU's E-PRTR

A potential risk for soil pollution may come from landfill areas. UPM's target is to have zero process waste going to landfill by 2030. This is an absolute target for all UPM's business areas. Refer to » E5 Resource Use and Circular Economy for details on waste amounts and handling. UPM follows the legal requirements of the EU (REACH) and other local legislation in countries where it has production sites regarding the use of chemicals and especially of substances of concern and high concern. The set targets are voluntary and in addition to legal requirements.

Total organic carbon (TOC) (as COD/3)

19,200

18,900

Halogenated organic compounds (as AOX)

300

280

Emissions to air (total amount)

Emissions to soil Refer to » E5-5 table By-products and waste for information about hazardous waste. No other pollutants to the soil are to be reported.

t

2025

2024

Nitrogen oxides (NO X )

8,800

8,700

Sulphur dioxide (SO 2 )

760

780

Particulates (total)

780

680

Non-methane volatile organic compounds (NMVOC)

1,000

400

UPM Financial Report 2025

180

UPM Financial Report 2025

181

180

181

UPM Annual Report 2025

UPM Annual Report 2025