UPM-Kymmene Oyj

UPM-Kymmene Oyj, headquartered in Finland and operating in the Paper and paper products industry, has reported its carbon emissions and committed to ambitious climate targets.

In 2025, UPM-Kymmene Oyj's total reported emissions are approximately 10.56 billion kg CO2e. This includes Scope 1 emissions of approximately 2.08 billion kg CO2e, Scope 2 market-based emissions of about 790 million kg CO2e, and Scope 3 emissions of approximately 7.68 billion kg CO2e. Key categories within Scope 3 include purchased goods and services (about 2.92 billion kg CO2e), processing of sold products (about 2.78 billion kg CO2e), and upstream transportation and distribution (approximately 1.34 billion kg CO2e).

Looking back, in 2024, the company reported total emissions of approximately 11.55 billion kg CO2e. This comprised Scope 1 emissions of approximately 2.18 billion kg CO2e, Scope 2 market-based emissions of about 1.2 billion kg CO2e, and Scope 3 emissions of approximately 8.17 billion kg CO2e. For 2023, total emissions were about 11.4 billion kg CO2e, with Scope 1 emissions around 2.13 billion kg CO2e, Scope 2 market-based emissions of approximately 1.59 billion kg CO2e, and Scope 3 emissions totalling about 7.68 billion kg CO2e.

UPM-Kymmene Oyj has committed to achieving net-zero annual carbon emissions by 2040, a target that is 10 years ahead of the Paris Agreement. This commitment is supported by Science Based Targets initiative (SBTi) approved targets. Specifically, UPM-Kymmene Oyj commits to reducing absolute Scope 1 and 2 GHG emissions by 65% by 2030, from a 2015 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions by 30% by 2030, from a 2018 base year. The company is also a signatory of The Climate Pledge, having signed in February 2021.