UPM-Kymmene Oyj

Common Name

UPM-Kymmene

Country

Finland

Sector

Basic Materials

Industry

Paper & Paper Products

Employees

15,642

Ticker

UPM

Exchange

NASDAQ HELSINKI LTD

Website

www.upm.fi

Description

UPM-Kymmene Oyj is a Finnish forest industry company engaged in the business of bio and forest-based products. The company's primary purpose is to innovate sustainable solutions across various segment... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

UPM-Kymmene's EU Taxonomy Data Preview

In 2024, UPM-Kymmene was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.

The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.

UPM-Kymmene has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of UPM-Kymmene are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (3 activities)
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy 4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.5 CCM/CCA - Electricity generation from hydropower 4.5 CCM/CCA - Electricity generation from hydropower	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (6 activities)
1.3 CCM/CCA - Forest management 1.3 CCM/CCA - Forest management	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
3.6 CCM/CCA - Manufacture of other low carbon technologies 3.6 CCM/CCA - Manufacture of other low carbon technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy 4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.5 CCM/CCA - Electricity generation from hydropower 4.5 CCM/CCA - Electricity generation from hydropower	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
9.1 CCM - Close to market research, development and innovation 9.1 CCM - Close to market research, development and innovation	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (4 activities)
1.3 CCM/CCA - Forest management 1.3 CCM/CCA - Forest management	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
3.6 CCM/CCA - Manufacture of other low carbon technologies 3.6 CCM/CCA - Manufacture of other low carbon technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids 4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy 4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Verified Sources Behind UPM-Kymmene’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore UPM-Kymmene’s data sources below and access millions more through our Disclosure Search.

a. UPM-Kymmene's Annual Report 2024

b. UPM-Kymmene's Annual Report 2023

c. UPM-Kymmene's Annual Report 2022

Insights into UPM-Kymmene's Revenues from Sustainable Activities

In 2024, UPM-Kymmene reported EU Taxonomy-eligible revenues of EUR 543.00 million, representing 5% of its total turnover. Of this amount, EUR 477.00 million of UPM-Kymmene's revenues was classified as EU Taxonomy-aligned, indicating that 5% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

UPM-Kymmene's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

Have UPM-Kymmene's revenues become more sustainable over time?

Since 2022, UPM-Kymmene's taxonomy-aligned revenues remained relatively stable, suggesting that UPM-Kymmene has neither significantly expanded nor reduced its sustainable revenue generation over the long term.^{a, c}

Compared to the previous year (2023), UPM-Kymmene's taxonomy-aligned revenues decreased by 16.67%, suggesting that UPM-Kymmene may have deprioritized sustainable activities, shifted focus away from green offerings, or reduced transparency in its EU Taxonomy reporting.^{a, b}

How much of UPM-Kymmene's revenue is eligible under the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 543.00 million of its revenue was eligible under the EU Taxonomy, representing 5% of the company's total turnover. Of this amount, EUR 477.00 million (5% of total revenue) was classified as Taxonomy-aligned. This means that 1% of UPM-Kymmene's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.^a

How much of UPM-Kymmene's eligible revenue is aligned with the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 477.00 million of its revenue was aligned under the EU Taxonomy, representing 5% of its total turnover.^a

This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

How is UPM-Kymmene's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2024, UPM-Kymmene reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does UPM-Kymmene earn from selling climate-related solutions ?

In 2024, UPM-Kymmene reported that EUR 516.95 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 5% of the company's total revenue,indicating that UPM-Kymmenehas limited exposureon solutions that support climate action through its commercial activities.^a

Insights into UPM-Kymmene's CAPEX from Sustainable Activities

In 2024, UPM-Kymmene reported EU Taxonomy-eligible CAPEX of EUR 393.00 million,representing 48% of its total CAPEX. Of this amount, EUR 324.00 million of UPM-Kymmene's CAPEX was classified as EU Taxonomy-aligned, indicating that 40% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

UPM-Kymmene's Taxonomy-Eligible Capex Over Time

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

Have UPM-Kymmene's increased its investment in sustainable activities over time?

Since 2022, UPM-Kymmene's taxonomy-aligned capital expenditure (CAPEX)increased by 53.85%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.^{a, c}

Compared to the previous year (2023), UPM-Kymmene's taxonomy-aligned CAPEX increased by 14.29%,highlighting UPM-Kymmene's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.^{a, b}

How much of UPM-Kymmene's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 393.00 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 48% of the company's total CAPEX. Of this amount, EUR 324.00 million (40% of total CAPEX) was classified as Taxonomy-aligned. This means that 9% of UPM-Kymmene's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of UPM-Kymmene's eligible CAPEX is aligned with the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 324.00 million of its CAPEX was aligned under the EU Taxonomy, representing 40% of its total capital investment.^a

This moderate level of alignment indicates that UPM-Kymmene is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

How is UPM-Kymmene's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2024, UPM-Kymmene reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 40%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much UPM-Kymmene is investing in climate-related solutions?

In 2024, UPM-Kymmene allocated EUR 325.20 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 40% of the company's total capital expenditure,indicating that UPM-Kymmeneis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.^a

Insights into UPM-Kymmene's OPEX from Sustainable Activities

In 2024, UPM-Kymmene reported EU Taxonomy-eligible OPEX of EUR 64.00 million,representing 10% of its total operating expenses (OPEX). Of this amount, EUR 37.00 million of UPM-Kymmene's OPEX was classified as EU Taxonomy-aligned, indicating that 6% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

UPM-Kymmene's Taxonomy-Eligible Opex Over Time

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

Have UPM-Kymmene's increased its spending in sustainable activities over time?

Since 2022, UPM-Kymmene's taxonomy-aligned operating expenditure (OPEX)decreased by 45.45%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, c}

Compared to the previous year (2023), UPM-Kymmene's taxonomy-aligned OPEX decreased by 50%, suggesting that UPM-Kymmene may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.^{a, b}

How much of UPM-Kymmene's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 64.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 10% of the company's total OPEX. Of this amount, EUR 37.00 million (6% of total OPEX) was classified as Taxonomy-aligned. This means that 4% of UPM-Kymmene's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of UPM-Kymmene's eligible OPEX is aligned with the EU Taxonomy?

In 2024, UPM-Kymmene reported that EUR 37.00 million of its OPEX was aligned under the EU Taxonomy, representing 6% of its total operational expenditure.^a

This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

How is UPM-Kymmene's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2024, UPM-Kymmene reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much of UPM-Kymmene's operational budget supports climate-related solutions?

In 2024, UPM-Kymmene allocated EUR 39.90 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 6% of the company's total OPEX,indicating that UPM-Kymmenehas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.^a

Want Full Access to UPM-Kymmene's EU Taxonomy Dataset?

Explore Peer Companies

Welcome Back to Tracenable

Sign in to your account

UPM-Kymmene Oyj

UPM-Kymmene's EU Taxonomy Data Preview

Verified Sources Behind UPM-Kymmene’s EU Taxonomy Data

Insights into UPM-Kymmene's Revenues from Sustainable Activities

UPM-Kymmene's Taxonomy-Eligible Turnover Over Time

Have UPM-Kymmene's revenues become more sustainable over time?

How much of UPM-Kymmene's revenue is eligible under the EU Taxonomy?

How much of UPM-Kymmene's eligible revenue is aligned with the EU Taxonomy?

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

How is UPM-Kymmene's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does UPM-Kymmene earn from selling climate-related solutions ?

Insights into UPM-Kymmene's CAPEX from Sustainable Activities

UPM-Kymmene's Taxonomy-Eligible Capex Over Time

Have UPM-Kymmene's increased its investment in sustainable activities over time?

How much of UPM-Kymmene's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of UPM-Kymmene's eligible CAPEX is aligned with the EU Taxonomy?

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

How is UPM-Kymmene's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much UPM-Kymmene is investing in climate-related solutions?

Insights into UPM-Kymmene's OPEX from Sustainable Activities

UPM-Kymmene's Taxonomy-Eligible Opex Over Time

Have UPM-Kymmene's increased its spending in sustainable activities over time?

How much of UPM-Kymmene's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of UPM-Kymmene's eligible OPEX is aligned with the EU Taxonomy?

UPM-Kymmene's Eligibility & Alignment Overview

UPM-Kymmene's Contribution to Environmental Objectives

How is UPM-Kymmene's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of UPM-Kymmene's operational budget supports climate-related solutions?

Explore Peer Companies

Stora Enso Oyj

Afarak Group SE

Koskisen Oyj

Kemira Oyj

Outokumpu Oyj

Exel Composites Oyj