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

Targets

S2-5

Targets related to UPM's value chain workers To manage its sustainability activities, UPM has set a number of targets and key performance indicators for its sustainability focus areas covering the supply chain (forestry, responsible sourcing) and suppliers working on site in UPM's premises (health and safety). UPM's sustainability targets are developed internally by UPM by taking the views, wishes, and

Affected communities (ESRS S3) UPM aims to be a good neighbor and trusted partner to all people, economies, and environments that are directly or indirectly affected by its operations. This means active engagement and dialogue with local communities.

perspectives of external stakeholders from UPM's constant multi stakeholder dialogue into account. The targets are approved by the GET. Refer to » ESRS 2 GOV-1 Oversight and management of impacts, risks and opportunities

Base year

Base year value

2030 target

Target follow-up 2025 (2024)

Sustainability focus area and key performance indicator

Forestry Share of certified fibre *

Supported local youth, education, and environmental initiatives in the mill communities, and global humanitarian organizations that provide aid to children suffering from conflicts

Under the Share and Care Program local support and charitable donations amounted to approximately 1.7

2015

84%

100%

90% (88.5%)

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

A new UPM standard for community engagement and the Share and Care Program

>80% (continuous)

86% (91%)

2015

79%

Safe and healthy working environment Fatalities or serious accidents in UPM operations

Since 2015

- 0 (continuous)

0 (0) fatal accidents, 2 (3) serious accidents

€ million

2017

8.5

<2

TRIF 5.0 (5.1), including contractors

Total recordable injury frequency (TRIF), including contractors

*Forest management certification

UPM's sustainability target-setting is based on an annually updated double materiality assessment, which includes the interests and concerns of various stakeholders. Refer to » ESRS 2 IRO-1 Materiality assessment process UPM's sustainability targets are followed up at Group level at least annually. In addition to setting targets, UPM continuously strives to improve its processes and performance, including in relation to workers in the value chain. The improvement areas are identified in various supplier assessments. Supplier audits and reviews form the basis for supplier

development activities and collaboration, which drive improvement in the suppliers' performance. Corrective action plans and follow-up assessments and audits are utilized to confirm that identified improvement areas are addressed. For example, UPM's health and safety management systems are based on the principle of continuous improvement. Refer to » S1-4 Safe and healthy working environment f or information about UPM's key actions in this area. Refer to » S1-14 Health and Safety for information about reporting principles for metrics such as TRIF.

UPM Financial Report 2025

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UPM Financial Report 2025

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UPM Annual Report 2025

UPM Annual Report 2025