UPM-Kymmene Oyj

UPM-Kymmene Oyj, headquartered in Finland and operating in the Paper and paper products industry, reported its most recent total carbon emissions in 2025 as approximately 10.56 billion kg CO2e. This figure includes Scope 1 emissions of approximately 2.08 billion kg CO2e, Scope 2 emissions of approximately 150 million kg CO2e (market-based: approximately 790 million kg CO2e, location-based: approximately 1.54 billion kg CO2e), and Scope 3 emissions of approximately 7.68 billion kg CO2e.

Looking back, in 2024, the company's total emissions were approximately 11.55 billion kg CO2e, comprising Scope 1 emissions of approximately 2.18 billion kg CO2e, Scope 2 emissions of approximately 170 million kg CO2e (market-based: approximately 1.20 billion kg CO2e, location-based: approximately 1.64 billion kg CO2e), and Scope 3 emissions of approximately 8.17 billion kg CO2e. In 2023, total emissions were approximately 11.40 billion kg CO2e, with Scope 1 emissions at approximately 2.13 billion kg CO2e, Scope 2 market-based emissions at approximately 1.59 billion kg CO2e (location-based: approximately 1.73 billion kg CO2e), and Scope 3 emissions at approximately 7.68 billion kg CO2e.

UPM-Kymmene Oyj has committed to several ambitious climate targets. The company aims to achieve net-zero annual carbon emissions by 2040, which is ten years ahead of the Paris Agreement target. They are committed to reducing their Scope 1 and Scope 2 emissions to near zero by the middle of this decade (by 2025). Furthermore, UPM has a near-term target to reduce fossil CO2 emissions from Scope 1 and Scope 2 by 65% by 2030, using a 2015 baseline. They also aim to reduce their Scope 3 GHG emissions by 30% by 2030, from a 2018 base year. These targets have been validated by the Science Based Targets initiative (SBTi), with the Scope 1 and 2 targets aligned with a 1.5°C trajectory. The company is a signatory of the Climate Pledge, further demonstrating its commitment to climate action.