UPM-Kymmene Oyj
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 59 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
UPM-Kymmene Oyj's reported carbon emissions
In 2023, UPM-Kymmene Oyj reported significant carbon emissions, with Scope 1 emissions at approximately 10,300,000,000 kg CO2e, Scope 2 emissions at about 200,000,000 kg CO2e, and Scope 3 emissions reaching around 7,680,000,000 kg CO2e. This reflects their ongoing commitment to transparency in carbon reporting across all scopes. UPM has set ambitious climate targets, committing to reduce absolute Scope 1 and 2 greenhouse gas emissions by 65% by 2030 from a 2015 baseline. Additionally, they aim to cut Scope 3 emissions by 30% by 2030 from a 2018 baseline. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Furthermore, UPM has pledged to achieve net-zero annual carbon emissions by 2040, demonstrating a long-term commitment to sustainability and climate action. This commitment encompasses all scopes of emissions, reinforcing their role as a leader in the forest and paper products sector in Finland and globally.
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| 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | - | 0,000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | 9,040,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
UPM-Kymmene Oyj is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
