Our social responsibility 2030 targets focus on diversity and inclusion, safe and healthy working environment, learning and development, fair rewarding as well as responsible leadership and community involvement. UPM’s rewarding and recognition philosophy is to reward high performance. We aim to ensure fair, equitable and competitive rewarding for all employees.
| Fair rewarding KPI | Contribution to the SDGs | 2030 target | 2023 results |
|---|---|---|---|
|
Employees’ pay meeting at least local |
SDG Target 8.5 |
Continuous |
Company-wide review done and pay adjustments implemented to close identified pay gaps related to local living wage |
|
Gender pay equity for all employees: |
SDG Target 8.5 |
Continuous |
Company-wide review done and pay adjustments implemented to close identified, statistically significant and unexplained gaps related to gender |
| Fair rewarding KPI | Contribution to the SDGs | 2030 target | 2022 results |
|---|---|---|---|
|
Employees’ pay meeting at least local |
SDG Target 8.5 |
Continuous |
Company-wide review done and pay adjustments implemented to close identified pay gaps related to local living wage |
|
Gender pay equity for all employees: |
SDG Target 8.5 |
Continuous |
Company-wide review done and pay adjustments implemented to close identified, statistically significant and unexplained gaps related to gender |
| Fair rewarding targets | Contribution to the SDGs | 2021 results |
|---|---|---|
|
New target: Ensure that employees’ pay meets at least local living wage by implementing a yearly review. |
SDG Target 8.5 |
First follow-up on this target will be available for 2022. |
|
New target: Ensure gender pay equity for all employees by implementing a yearly review process to identify and close unexplained pay gaps. |
SDG Target 8.5 |
Company-wide review done and pay adjustments implemented to close identified, statistically significant and unexplained gaps related to gender. |
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