UPM-Kymmene Oyj

UPM-Kymmene Oyj, based in Finland and operating in the Paper and paper products industry, has reported significant carbon emissions across Scope 1, 2, and 3.

For the reporting year 2025, UPM-Kymmene's total greenhouse gas emissions are approximately 10.56 billion kg CO2e. This figure breaks down into:

• Scope 1 emissions: Approximately 2.08 billion kg CO2e.
• Scope 2 emissions (market-based): Approximately 790 million kg CO2e.
• Scope 3 emissions: Approximately 7.68 billion kg CO2e, with the largest contributions from purchased goods and services (about 2.92 billion kg CO2e) and processing of sold products (about 2.78 billion kg CO2e).

In 2024, the company's total emissions were approximately 11.55 billion kg CO2e, comprising roughly 2.18 billion kg CO2e for Scope 1 and about 8.17 billion kg CO2e for Scope 3. For Scope 2, the market-based figure was approximately 1.2 billion kg CO2e.

UPM-Kymmene has set ambitious climate commitments. The company aims to achieve net-zero annual carbon emissions by 2040, aligning with the UN's 1.5°C climate target and positioning itself ten years ahead of the Paris Agreement timeline. This long-term goal is supported by near-term targets, including a commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 65% by 2030 from a 2015 baseline. Furthermore, UPM-Kymmene is committed to reducing absolute Scope 3 GHG emissions by 30% by 2030 from a 2018 baseline. Additionally, there is a stated aim to reduce fossil carbon dioxide emissions by 30% by 2030 from a 2020 baseline, and a goal to reduce Scope 1 and 2 emissions to near zero by the middle of this decade.

UPM-Kymmene is a signatory of The Climate Pledge.