UPM-Kymmene Oyj

UPM-Kymmene Oyj, a leading paper and paper products company headquartered in Finland, is committed to significant carbon emission reductions across its operations. For the year 2025, the company reported total emissions of approximately 10.6 billion kg CO2e. This includes Scope 1 emissions of about 2.08 billion kg CO2e, and Scope 2 emissions of approximately 790 million kg CO2e (market-based). Scope 3 emissions were substantial, totalling around 7.68 billion kg CO2e, with purchased goods and services (approximately 2.92 billion kg CO2e) and processing of sold products (around 2.78 billion kg CO2e) being the largest contributors.

In 2024, UPM-Kymmene Oyj's total emissions were approximately 11.55 billion kg CO2e. Scope 1 emissions accounted for about 2.18 billion kg CO2e, and Scope 2 emissions were approximately 1.2 billion kg CO2e (market-based). Scope 3 emissions for this period were around 8.17 billion kg CO2e.

Looking back, in 2023, total emissions were approximately 11.4 billion kg CO2e, with Scope 1 emissions at about 2.13 billion kg CO2e and Scope 2 emissions at approximately 1.59 billion kg CO2e (market-based). Scope 3 emissions were reported at around 7.68 billion kg CO2e.

UPM-Kymmene Oyj has set ambitious climate targets. The company is committed to achieving carbon neutrality by 2040, ten years ahead of the Paris Agreement. Furthermore, UPM aims to reduce its fossil carbon dioxide emissions (Scope 1 and 2) by 65% from a 2015 baseline by 2030. A specific target also exists to reduce Scope 3 emissions by 30% by 2030 from a 2018 baseline. The company is actively working towards these goals, with a roadmap in place and implementation in progress. UPM has also stated an aim to reduce its Scope 1 and 2 emissions to near zero by the middle of this decade, though this appears to be an aspirational goal rather than a formal target with defined reduction percentages.