UPM Chain of Custody and Responsible Wood Sourcing in Russia projects awarded

Archive 21.2.2006 0:00 EET

UPM has today been honoured with a top award and commendation in a national environmental competition held by The Finnish National Fund for Research and Development (Sitra). The UPM Global Chain of Custody management model won the Environmental Leadership Category. In addition, a commendation was received for the ‘Responsible Wood Sourcing in Russia’ project. The national competition is part of the European Commission organised European Business Awards for the Environment 2006 competition.

"Knowing and providing credible information about the origin of wood throughout the whole supply chain – from forest to the customer – is important for UPM. These award-winning projects provide UPM with daily tools for tracking the origin of wood ", said Päivi Salpakivi-Salomaa, Director of UPM Environmental Forestry Affairs, at the award ceremony in Helsinki. "The management system also allows UPM to increase the proportion of sustainably certified fibre on the market."

UPM's Global Chain of Custody Management system is the first global model incorporating all the main forest certification schemes. It is implemented in the UK, France, Germany, Finland, Estonia, Latvia, Lithuania and Canada. The aim of the system is to harmonize chain of custody models in all UPM’s mills across the world.

The ‘Responsible Wood Sourcing in Russia’ project was awarded with a commendation in the category of International Co-operation. The aim of the project is to increase the transparency in wood sourcing and to enhance co-operation between UPM's stakeholders. Contributions to the project were received from Russian suppliers, authorities, environmental groups and the company's international paper customers. The latest result of this co-operation network is a Russian Wood Supplier's guide titled ‘Taking Responsibility Together’.

For further information, please contact:
Päivi Salpakivi-Salomaa, Director, Environmental Forestry Affairs
tel. +358 20 4162 162, +358 400 7547 48

Corporate Communications
Janurary 10, 2006

Notes for editors:

UPM is one of the world’s leading producers of printing papers and the clear market leader in magazine papers. The Group's sales in 2004 were nearly EUR 10 billion, and it has 33,400 employees. UPM's main products include printing papers, converting materials and wood products. The company has production plants in 15 countries and its main market areas are Europe and North America. UPM's shares are listed on the Helsinki and New York stock exchanges. Further information is available on the company's web site at www.upm-kymmene.com.

The Chain of Custody verifies that the wood used in the product originates from sustainably managed and certified forests. UPM started to build its own Generic Chain of Custody Management Model at the beginning of year 2005.

The national competition, governed by The Finnish National Fund for Research and Development (Sitra) is part of the European Commission's European Business Awards for the Environment 2006 competition. The projects rewarded in the national categories will now go forward to take part to the EU wide competition. The competition is designed to recognise and promote organisations which make an outstanding contribution to sustainable development. Further information is available on the European Comission's website at http://europa.eu.int/comm/environment/awards/index_en.htm