UPM-Biofore-Magazine-2-2019

THREE EMISSION SCENARIOS

Emissions increase, significant temperature rise. Weak commitment to climate change mitigation g Global CO 2 emissions increase g Temperature rise of more than 3% Current level of commitment, moderate temperature rise. Countries maintain their current commitment to climate change mitigation. g Combined emissions increase, albeit slowly g Temperature rise of 3% Transition to a low-carbon world, moderate temperature rise. Countries take bold steps transitioning to a low-carbon society. This change is expedited by regulations and consumer demand. Global emissions peak in 2020. Thereafter, emissions decrease significantly and sustainably.

UPM’s three global emission scenarios illustrate three portraits of the future contingent on CO 2 emission levels in 2040. They are based on forecasts issued by the International Energy Agency (IEA).

GtCO

/a

40

2

35

30

25

20

15

10

g Temperature rise remains below two degrees.

5

0

Sources: UPM and IEA

’90 ’92 ’94 ’96 ’98 ’00 ’02 ’04 ’06 ’08 ’10 ’12 ’14 ’16 ’18 ’20 ’22 ’24 ’26 ’28 ’30 ’32 ’34 ’36 ’38 ’40

important rawmaterial sources serve as carbon sinks, storing a significant quantity of carbon dioxide as they grow. Throughout autumn, people from all across UPM have been asked to assess the risks and opportunities created by climate change from the specific viewpoint of their business. Ruska says that their views will be collated by the end of the year in UPM’s climate scenario analysis, which will form a basis for studying future business options. “This scenario analysis will also help investors, customers and other stakeholders to assess the company’s prospects in the era of climate change. This is one of the reasons why this report is so essential,” Ruska emphasises. 

Sharing facts with stakeholders For decades, UPMhas systematically decreased its operational emissions. This has been done by improving the energy efficiency of its production facilities, and replacing fossil fuels with renewable, emission-free energy sources whenever possible. In Finland, the company has invested heavily in replacing old fossil-fuel power plants with biomass. UPMproduces low-emission energy not only at its own plants, but also at a number of jointly owned power facilities. In 2018, almost 100% of the energy produced by UPM derived from hydro, nuclear or biomass, none of which generate any carbon dioxide emissions. Sustainable forestry is the cornerstone of UPM’s climate work, which ensures that the company’s most

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