Our Biofore strategy drives the transition to a low-carbon economy. Forests, wood-based products and low-carbon energy have a unique role, both in mitigating the effects of climate change and in our strategy.
| Climate KPI | Contribution to the SDGs | 2030 targets | 2023 results |
|---|---|---|---|
|
Fossil CO2 emissions from UPM's on-site |
SDG Target 13.1 |
-65% |
-45% compared to 2015 and -17% compared |
|
Coal and peat usage in on-site energy |
SDG Target 13.1 |
0 |
29% of total fossil fuel usage, -13% compared |
|
Annual energy efficiency improvement |
SDG Target 7.3 |
1% (continuous) |
Not achieved |
|
Share of renewable fuels |
SDG Target 7.2 |
70% (continuous) |
76% |
|
Acidifying flue gases (NOX/SOX) for a UPM average product, compared to 2015 |
SDG Target 12.4 |
-20% |
-17% |
| Climate KPI | Contribution to the SDGs | 2030 targets | 2022 results |
|---|---|---|---|
|
Fossil CO2 emissions from UPM's on-site |
SDG Target 13.1 |
-65% |
-34% compared to 2015 and -11% compared |
|
Coal and peat usage in on-site energy |
SDG Target 13.1 |
0 |
3% increase compared to 2021 |
|
Annual energy efficiency improvement |
SDG Target 7.3 |
1% (continuous) |
Not achieved |
|
Share of renewable fuels |
SDG Target 7.2 |
70% (continuous) |
65% |
|
Acidifying flue gases (NOX/SOX) for a UPM average product, compared to 2015 |
SDG Target 12.4 |
-20% |
-28% |
| Climate targets | Contribution to the SDGs | 2021 results |
|---|---|---|
|
65% reduction of fossil CO2 emissions from our own combustion and purchased electricity by 2030¹ (Scope 1 and 2) |
SDG Target 13.1 |
Fossil CO2 emissions reduced by 27% compared to 2015 and 8% compared to |
|
New target: No coal and peat usage in on-site energy generation by 2030 |
SDG Target 13.1 |
9% reduction achieved in 2021 |
|
Old target: Maximise the business benefits of greenhouse gas claims (continuous) |
|
This target has been replaced with the one above. With the new target emphasis is put on the efforts to reduce direct fossil CO2 emissions (Scope 1). |
|
1% annual energy efficiency improvement (continuous) |
SDG Target 7.3 |
Energy efficiency target achieved |
|
70% share of renewable fuels (continuous) |
SDG Target 7.2 |
70% share reached in the use of renewable fuels |
|
20% reduction of acidifying flue gases by 2030¹ (NOX/SO2) |
SDG Target 12.4 |
27% reduction achieved since 2015 for the UPM average product |
¹ From 2015 level
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