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 67 is higher than 86% 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 21,800,000,000 kg CO2e, comprising 2,180,000,000 kg CO2e from Scope 1, 1,200,000,000 kg CO2e from market-based Scope 2, and 8,170,000,000 kg CO2e from Scope 3 emissions. The combined Scope 1 and 2 emissions totalled about 3,380,000,000 kg CO2e. In 2023, the company recorded similar emissions, with Scope 1 at 2,100,000,000 kg CO2e, market-based Scope 2 at 1,600,000,000 kg CO2e, and Scope 3 at 7,680,000,000 kg CO2e. UPM has set ambitious climate commitments, aiming for net-zero annual carbon emissions by 2040, ten years ahead of the Paris Agreement. The company is also focused on reducing its Scope 1 and 2 emissions to near zero by 2025. Additionally, UPM targets a 30% reduction in fossil carbon dioxide emissions from a 2020 baseline by 2030 for both Scope 1 and 2 emissions. Furthermore, UPM commits to a 65% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2015 baseline, alongside a 30% reduction in absolute Scope 3 emissions from a 2018 baseline. These targets align with UPM's commitment to the Science Based Targets initiative (SBTi), ensuring that their emissions reduction strategies are consistent with the necessary measures to limit global warming to 1.5°C. UPM's proactive approach to climate action reflects its dedication to sustainability within the forest and paper products sector.
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| 2015 | 2018 | 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 |
| Scope 2 | 2,920,000,000 | 0,000,000,000 | 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 |
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 participating in some of the initiatives that 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.
