In 2024, UPM-Kymmene completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
UPM-Kymmene has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of UPM-Kymmene amounted to 3,820,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of UPM-Kymmene decreased by 1.04%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2024, the total Scope 1 emissions of UPM-Kymmene were 2,180,000 metric tons of CO₂ equivalent (tCO₂e). a
Since 2018, UPM-Kymmene's Scope 1 emissions have decreased by 32.92%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), UPM-Kymmene's Scope 1 emissions increased by 2.35%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, UPM-Kymmene reported Scope 2 greenhouse gas (GHG) emissions of 1,200,000 tCO₂e using the market-based method and 1,640,000 tCO₂e using the location-based method. a
Since 2018, UPM-Kymmene's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 45.7%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), UPM-Kymmene's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that UPM-Kymmene 's emissions have plateaued with no significant change in its energy consumption footprint. a
In 2024, UPM-Kymmene reported its Scope 2 emissions using the market-based method and using the location-based method. a
In 2024, UPM-Kymmene reported 8,170,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of UPM-Kymmene includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
In 2024, UPM-Kymmene reported total Scope 3 emissions of 8,170,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 60.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 39.13% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2018, UPM-Kymmene's Scope 3 emissions have remained relatively stable, indicating that UPM-Kymmene 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2023), UPM-Kymmene's Scope 3 emissions remained relatively stable, indicating that UPM-Kymmene 's emissions have plateaued with no significant change in its value chain footprint. a
In 2024, UPM-Kymmene reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to UPM-Kymmene's Scope 3 emissions were: a
In 2024, UPM-Kymmene reported Scope 1 greenhouse gas (GHG) emissions of 2,180,000 tCO₂e and total revenues of USD 10,759 millions. This translates into an emissions intensity of 202.62 tCO₂e per millions USD. a
In 2024, UPM-Kymmene reported a Scope 1 emissions intensity of 202.62 tCO₂e per millions USD. Compared to the peer group median of 598.04 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2024, UPM-Kymmene ranked 8 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
UPM-Kymmene is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2024, UPM-Kymmene reported a total carbon footprint of 11,990,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.9% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to UPM-Kymmene's total carbon footprint was Scope 3 emissions, accounting for 68.14% of the company's total carbon footprint, followed by Scope 1 emissions at 18.18%. a