UPM-Kymmene Oyj 2019 AR2
The report highlights UPM's strategic transformation in 2019, marked by the major investment decision to build a second world-class pulp mill in Uruguay and a biorefinery in Germany. The company achieved strong financial performance with record operating cash flow of EUR 1,847 million, despite a slight decrease in sales. UPM committed to the UN Business Ambition for 1.5°C, aiming to reduce its Scope 1 and 2 emissions by 65% by 2030. Additionally, the company advanced its circular economy initiatives, utilizing 2.3 million tonnes of recovered paper and achieving an 89% recovery rate for total process waste.
Company: UPM-Kymmene Oyj
Sector: Materials
Country: Finland
Year: 2019
Type: AR2
Pages: 115
UPM-Kymmene Oyj
Annual Report
The report highlights UPM's strategic transformation in 2019, marked by the major investment decision to build a second world-class pulp mill in Uruguay and a biorefinery in Germany. The company achieved strong financial performance with record operating cash flow of EUR 1,847 million, despite a slight decrease in sales. UPM committed to the UN Business Ambition for 1.5°C, aiming to reduce its Scope 1 and 2 emissions by 65% by 2030. Additionally, the company advanced its circular economy initiatives, utilizing 2.3 million tonnes of recovered paper and achieving an 89% recovery rate for total process waste.
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Document Details
Report Year
2019
Reporting Period
Jan 1, 2019 - Dec 31, 2019
Fiscal Year
2019
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Workplace Fatalities
Employees