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 87% 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 11,550,000,000 kg CO2e, with emissions distributed across various scopes: 887,589,000 kg CO2e (Scope 1), 1,200,000,000 kg CO2e (Scope 2, market-based), and 8,170,000,000 kg CO2e (Scope 3). The previous year, 2023, saw total emissions of about 11,400,000,000 kg CO2e, with Scope 1 emissions at 856,824,000 kg CO2e and Scope 2 emissions at 1,590,000,000 kg CO2e (market-based). UPM has set ambitious climate commitments, aiming to reduce its Scope 1 and 2 emissions by 65% by 2030 from a 2015 baseline. Additionally, the company targets a 30% reduction in Scope 3 emissions by 2030 from a 2018 baseline. UPM is also committed to achieving net-zero annual carbon emissions by 2040, ten years ahead of the Paris Agreement. The company has made significant strides in its climate initiatives, including a near-zero emissions target for Scope 1 and 2 by 2025. UPM's commitment to the Science Based Targets initiative (SBTi) aligns with its goal to limit global warming to 1.5°C, reflecting its proactive approach to climate change mitigation.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 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 | 0,000,000 | 000,000,000 | 000,000,000 | 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 | 000,000,000 | 0,000,000 | 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 |
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.
