UPM-Kymmene Oyj is a leading material solutions company rooted in the forest industry, specializing in renewable products derived from wood and other sustainable feedstocks. It provides a broad portfo... UPM-Kymmene Oyj is a leading material solutions company rooted in the forest industry, specializing in renewable products derived from wood and other sustainable feedstocks. It provides a broad portfolio encompassing publication and specialty papers, chemical pulp, self-adhesive labels, plywood, sawn timber, and advanced materials like wood-plastic composites, biofuels, biochemicals, and biomedical products. The company operates through key segments including UPM Fibres for pulp and timber, UPM Energy for zero-carbon electricity generation, UPM Raflatac for label materials, UPM Specialty Papers and Communication Papers for packaging and printing applications, UPM Plywood for construction and industrial uses, and other innovative operations. With 54 production plants across 11 countries and headquarters in Helsinki, Finland, UPM-Kymmene Oyj serves diverse industries such as packaging, consumer goods, construction, media, pharmaceuticals, and energy. Renowned for its sustainability efforts, it holds top ratings from EcoVadis and the Dow Jones Sustainability Indices, contributing to global decarbonization and resource-efficient solutions while maintaining strong market positions worldwide.
In 2025, 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.
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2024
2023
2022 - 2017
Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.27 CCM/CCA - Construction and safe operation of new nuclear power plants, for the generation of electricity and/or heat, including for hydrogen production, using best-available technologies
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4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
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4.5 CCM/CCA - Electricity generation from hydropower
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Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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1.3 CCM/CCA - Forest management
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.27 CCM/CCA - Construction and safe operation of new nuclear power plants, for the generation of electricity and/or heat, including for hydrogen production, using best-available technologies
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a
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4.28 CCM/CCA - Electricity generation from nuclear energy in existing installations
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a
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4.5 CCM/CCA - Electricity generation from hydropower
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9.1 CCM - Close to market research, development and innovation
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Metric
2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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1.3 CCM/CCA - Forest management
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c
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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a
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4.13 CCM/CCA - Manufacture of biogas and biofuels for use in transport and of bioliquids
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4.20 CCM/CCA - Cogeneration of heat/cool and power from bioenergy
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4.5 CCM/CCA - Electricity generation from hydropower
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Limited Data Preview
You are viewing a limited preview of UPM-Kymmene’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind UPM-Kymmene’s EU Taxonomy Data
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a. UPM-Kymmene's Annual Report 2025
b. UPM-Kymmene's Annual Report 2024
c. UPM-Kymmene's Annual Report 2023
d. UPM-Kymmene's Annual Report 2022
Insights into UPM-Kymmene's Revenues from Sustainable Activities
In 2025, UPM-Kymmene reported EU Taxonomy-eligible revenues of EUR 772.48 million, representing 8% of its total turnover. Of this amount, EUR 689.00 million of UPM-Kymmene's revenues was classified as EU Taxonomy-aligned, indicating that 7% 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 Eligible Turnover
Total Taxonomy Aligned Turnover
Have UPM-Kymmene's revenues become more sustainable over time?
Since 2022, UPM-Kymmene's taxonomy-aligned revenues increased by 40%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, d
Compared to the previous year (2024), UPM-Kymmene's taxonomy-aligned revenues increased by 40%,highlighting UPM-Kymmene's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of UPM-Kymmene's revenue is eligible under the EU Taxonomy?
In 2025, UPM-Kymmene reported that EUR 772.48 million of its revenue was eligible under the EU Taxonomy, representing 8% of the company's total turnover. Of this amount, EUR 689.00 million (7% 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 2025, UPM-Kymmene reported that EUR 689.00 million of its revenue was aligned under the EU Taxonomy, representing 7% 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 Turnover
How is UPM-Kymmene's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, UPM-Kymmene reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 7%
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 2025, UPM-Kymmene reported that EUR 675.92 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 7% 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 2025, UPM-Kymmene reported EU Taxonomy-eligible CAPEX of EUR 353.97 million,representing 57% of its total CAPEX. Of this amount, EUR 284.00 million of UPM-Kymmene's CAPEX was classified as EU Taxonomy-aligned, indicating that 46% 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 Eligible Capex
Total Taxonomy Aligned 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 76.92%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), UPM-Kymmene's taxonomy-aligned CAPEX increased by 15%,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 2025, UPM-Kymmene reported that EUR 353.97 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 57% of the company's total CAPEX. Of this amount, EUR 284.00 million (46% of total CAPEX) was classified as Taxonomy-aligned. This means that 11% 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 2025, UPM-Kymmene reported that EUR 284.00 million of its CAPEX was aligned under the EU Taxonomy, representing 46% 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 Capex
How is UPM-Kymmene's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, UPM-Kymmene reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 46%
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 2025, UPM-Kymmene allocated EUR 285.66 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 46% 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 2025, UPM-Kymmene reported EU Taxonomy-eligible OPEX of EUR 113.56 million,representing 17% of its total operating expenses (OPEX). Of this amount, EUR 88.00 million of UPM-Kymmene's OPEX was classified as EU Taxonomy-aligned, indicating that 13% 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 Eligible Opex
Total Taxonomy Aligned Opex
Have UPM-Kymmene's increased its spending in sustainable activities over time?
Since 2022, UPM-Kymmene's taxonomy-aligned operating expenditure (OPEX)increased by 18.18%,pointing to a long-term trend of increased spending on environmentally sustainable operations and services recognized under the EU Taxonomy.a, d
Compared to the previous year (2024), UPM-Kymmene's taxonomy-aligned OPEX increased by 116.67%,highlighting UPM-Kymmene's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of UPM-Kymmene's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, UPM-Kymmene reported that EUR 113.56 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 17% of the company's total OPEX. Of this amount, EUR 88.00 million (13% 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 2025, UPM-Kymmene reported that EUR 88.00 million of its OPEX was aligned under the EU Taxonomy, representing 13% of its total operational expenditure.a
This moderate level of alignment indicates that UPM-Kymmene is beginning to shift operational priorities toward greener practices, with room for deeper integration.
UPM-Kymmene's Eligibility & Alignment Overview
UPM-Kymmene's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is UPM-Kymmene's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, UPM-Kymmene reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 13%
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 2025, UPM-Kymmene allocated EUR 86.84 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 13% of the company's total OPEX,indicating that UPM-Kymmeneis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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