UPM Pulp Matters 2/2023

NEWS

UPM joins the Forward Faster Initiative UPM has joined the UN Global Compact Forward Faster Initiative calling for business leaders all over the world to take measurable action to accelerate the progress of Sustainable Development Goals. A total of 138 companies from around the world are involved, including two from Finland. UPM is committed to promoting gender equality, paying living wages and operating in line with an ambitious net-zero emission target. Compact. Set ting shared, ambitious and transparent targets plays an important role in the Forward Faster initiative. We can make the biggest and fastest impact by working together,” Sami Lundgren , Vice President, Responsibility says. A commitment to Gender Equality means that a company is making a serious effort towards equal gender representation, participation and leadership at all levels of management, and that equal pay for equal work is guaranteed by 2030. Companies

According to the UN, today only 15% of the SDG targets are on track, progress on 48% is weak and insufficient and progress has stalled or gone into reverse on 37% of the goals. “It was very natural for us to join this initiative. While we are already working towards these goals, we recognise that we need to accelerate the pace. We also value the collaboration networks of Global

commit ted to the Living Wage must ensure that their employees earn a living wage by 2030. The commitment to Climate Action, in turn, challenges companies to set a science-based net-zero emissions target in line with the 1.5°C pathway and to achieve it by 2050 at the latest.

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PUL P MAT TERS 02/2023