UPM-Kymmene Oyj Sustainability Profile
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 78 is higher than 93% 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 Scope 1 emissions at about 2,180,000,000 kg CO2e, Scope 2 emissions (market-based) at approximately 1,200,000,000 kg CO2e, and Scope 3 emissions reaching about 8,170,000,000 kg CO2e. The company has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in fossil CO2 emissions by 2030 from a 2020 baseline for both Scope 1 and Scope 2 emissions. Additionally, UPM is committed to achieving net-zero annual carbon emissions by 2040, aligning with the UN's climate targets. In 2023, UPM's total emissions were approximately 11,400,000,000 kg CO2e, with Scope 1 emissions at about 2,130,000,000 kg CO2e, Scope 2 emissions (market-based) at approximately 1,590,000,000 kg CO2e, and Scope 3 emissions at around 7,680,000,000 kg CO2e. The company has also committed to reducing its Scope 3 emissions by 30% by 2030 from a 2018 baseline. UPM's climate commitments include a significant reduction target of 65% for Scope 1 and 2 emissions by 2030 from a 2015 baseline, with a roadmap for implementation already in progress. The company is actively participating in the Science Based Targets initiative (SBTi), ensuring that its targets are consistent with the reductions required to limit global warming to 1.5°C. UPM's commitment to sustainability is further demonstrated through its participation in the Climate Pledge, reinforcing its dedication to achieving net-zero emissions by 2040.
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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 | 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 | 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 | 0,000,000,000 |
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UPM-Kymmene Oyj's Scope 3 Categories Breakdown
UPM-Kymmene Oyj's Scope 3 emissions, which increased by 6% last year and decreased by approximately 10% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 71% of total emissions under the GHG Protocol, with "Processing of Sold Products" being the largest emissions source at 39% of Scope 3 emissions.
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UPM-Kymmene Oyj's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
UPM-Kymmene Oyj has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
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