UPM-Biofore-Magazine-1-2015-EN

Investing in a future fuelled by Biofore innovations

BIOFORE IS THE UPM ' S GLOBAL STAKEHOLDER MAGAZINE

Did you know that burning of fossil fuels produces over 20 billion tonnes of carbon dioxide per year? And that over eight million tonnes of plastic waste find their way into the world's oceans each year? And that every single piece of oil-based plastic ever made still exists? There can be only one conclusion: the world needs sustainable, responsible alternatives to non-renewable fossil-oil based fuels andmaterials. We at UPMbelieve in a future that is characterised by sustainability and resource efficiency. The cornerstones of our Biofore strategy are the use of recyclable and renewable wood biomass in an innovative and efficient way. Maximising material efficiency and the lifecycle of all our wood-based rawmaterials is an important goal of our businesses – frompulp and paper to plywood, label materials and innovative biomaterials. The overall objective is to achieve more with less. In this issue of Biofore magazine we highlight our investment in the world’s first biorefinery producing wood- based renewable diesel. The biorefinery in Lappeenranta, Finland, is a fine example of utilising resources efficiently. The innovative UPMBioVerno diesel is made from crude tall oil which is a residue of the pulpmaking process. UPM is a frontrunner in the transformation of the modern forest industry, and in integrating bio and forest industries. The stories in this magazine give you examples of the most recent developments fuelled by Biofore innovations. I hope you enjoy reading them!

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UPM combines bio and forest industries. We are building a sustainable future in six business areas. In 2014, UPM ' s sales amounted to EUR 9.9 billion. UPM has production plants in 13 countries and a worldwide sales network. UPM employs around 20,000 people. UPM ' s shares are listed on NASDAQ OMX Helsinki. At the end of 2014, the company had about 90,000 shareholders.

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Elisa Nilsson Vice President, Brand and Communications, UPM

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