UPM-Kymmene Oyj Sustainability Profile
UPM-Kymmene Oyj, commonly known as UPM, is a leading Finnish company headquartered in Helsinki, Finland. Founded in 1996, UPM has established itself as a key player in the forest industry, with major operational regions across Europe, North America, and Asia. The company focuses on sustainable solutions in various sectors, including paper, wood products, and biofuels. UPM's core offerings include high-quality graphic papers, renewable wood-based products, and innovative biochemicals, all distinguished by their commitment to sustainability and environmental responsibility. With a strong market position, UPM has received numerous accolades for its efforts in promoting circular economy practices and reducing carbon footprints. As a pioneer in the industry, UPM continues to drive innovation while maintaining a focus on sustainable development.
DitchCarbon Score
How does UPM-Kymmene Oyj's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Paper Products industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
UPM-Kymmene Oyj's score of 78 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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UPM-Kymmene Oyj's reported carbon emissions
In 2024, UPM-Kymmene Oyj reported total carbon emissions of approximately 11,550,000,000 kg CO2e, with emissions distributed across various scopes: 2,180,000,000 kg CO2e from Scope 1, 1,200,000,000 kg CO2e from Scope 2 (market-based), and 8,170,000,000 kg CO2e from Scope 3. The previous year, 2023, saw total emissions of about 11,400,000,000 kg CO2e, with Scope 1 emissions at 2,130,000,000 kg CO2e, Scope 2 at 1,590,000,000 kg CO2e (market-based), and Scope 3 at 7,680,000,000 kg CO2e. UPM has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 65% by 2030 from a 2015 baseline. Additionally, the company targets a 30% reduction in Scope 3 emissions by 2030 from a 2018 baseline. UPM is also committed to achieving net-zero annual carbon emissions by 2040, ten years ahead of the Paris Agreement. The company has made significant strides in its climate strategy, including a near-zero emissions target for Scope 1 and 2 by 2025. UPM's initiatives are aligned with the Science Based Targets initiative (SBTi), reinforcing its commitment to science-based measures for climate change mitigation.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 3,880,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 2,920,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is UPM-Kymmene Oyj's Industry?
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UPM-Kymmene Oyj's Scope 3 Categories Breakdown
UPM-Kymmene Oyj's Scope 3 emissions, which increased by 6% last year and decreased by approximately 10% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 39% of Scope 3 emissions.
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UPM-Kymmene Oyj's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
UPM-Kymmene Oyj has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
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