We are committed to UN Global Compact Business Ambition for 1.5°C to mitigate climate change.

Our Biofore strategy guides us in achieving our responsibility targets for 2030 and in contributing to the Sustainable Development Goals (SDG) of the UN 2030 Sustainability Agenda.  The Group Executive Team, headed by the President and CEO, is in charge of the management of corporate responsibility, determining courses of action and guiding development work. In practice, corporate responsibility efforts take place in businesses and functions. The management of climate change related issues was further strengthened in 2019 with specific topics, such as UPM's resilience in different climate scenarios, reported directly to the executive management.

Regarding climate change, UPM committed to the Science Based Targets (SBT) initiative in 2017 and received validation of the targets in 2019.

We have evaluated the impacts of climate change in many ways. For example, we conducted a study with the Finnish meteorological Institute (FMI) about the physical impacts of climate change in different scenarios. Internal analysis was used to evaluate impacts of transition scenarios and TCFD recommendations were used to report findings (disclosure in Annual Report).