UPM-Kymmene Oyj 2008 AR2
The report highlights UPM's performance and strategic transition in 2008, during which the company adopted a new business structure consisting of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. Despite a challenging economic environment and high wood costs, UPM achieved significant progress in its sustainability initiatives, including reducing fossil carbon dioxide emissions per tonne of paper by 12% compared to 2007. The company also expanded its innovative wood plastic composite business, UPM ProFi, which utilizes labelstock production waste, and launched Carbon Profiles to provide customers with product carbon footprint data. Additionally, UPM maintained high energy self-sufficiency, with 62% of its fuel consumption globally sourced from biomass-based, CO2-neutral renewable energy.
Company: UPM-Kymmene Oyj
Sector: Materials
Country: Finland
Year: 2008
Type: AR2
Pages: 141
UPM-Kymmene Oyj
Annual Report
The report highlights UPM's performance and strategic transition in 2008, during which the company adopted a new business structure consisting of three Business Groups: Energy and Pulp, Paper, and Engineered Materials. Despite a challenging economic environment and high wood costs, UPM achieved significant progress in its sustainability initiatives, including reducing fossil carbon dioxide emissions per tonne of paper by 12% compared to 2007. The company also expanded its innovative wood plastic composite business, UPM ProFi, which utilizes labelstock production waste, and launched Carbon Profiles to provide customers with product carbon footprint data. Additionally, UPM maintained high energy self-sufficiency, with 62% of its fuel consumption globally sourced from biomass-based, CO2-neutral renewable energy.
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Document Details
Report Year
2008
Reporting Period
Jan 1, 2008 - Dec 31, 2008
Fiscal Year
2008
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Renewable Energy
Workplace Fatalities
Employees