UPM-Kymmene Oyj

Common Name
UPM-Kymmene
Country
Finland
Sector
Basic Materials
Industry
Paper & Paper Products
Employees
17,571
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...

UPM-Kymmene's GHG Emissions Data Preview

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind UPM-Kymmene’s Greenhouse Gas (GHG) Emissions 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
a. UPM-Kymmene's Annual Report 2024
b. UPM-Kymmene's Annual Report 2022
b. UPM-Kymmene's Annual Report 2022

Insights into UPM-Kymmene's Operational Emissions

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

UPM-Kymmene's Scope 1 Emissions Over Time

20182022202320240850 k1.7 M2.55 M3.4 MtCO2e-29%-7%+2%
  • Total Scope 1
  • Year-over-Year Change

What are UPM-Kymmene's Scope 1 emissions?

In 2024, the total Scope 1 emissions of UPM-Kymmene were 2,180,000 metric tons of CO₂ equivalent (tCO₂e). a

Has UPM-Kymmene reduced its Scope 1 emissions over time?

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

What are UPM-Kymmene's Scope 2 emissions?

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

Has UPM-Kymmene reduced its Scope 2 emissions over time?

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

What methodology does UPM-Kymmene use for Scope 2 reporting?

In 2024, UPM-Kymmene reported its Scope 2 emissions using the market-based method and using the location-based method. a

UPM-Kymmene's Scope 2 Emissions Over Time

20182022202320240800 k1.6 M2.4 M3.2 MtCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into UPM-Kymmene's Value Chain Emissions

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

UPM-Kymmene's Scope 3 Emissions Over Time

201820222023202402.5 M5 M7.5 M10 MtCO2e-45%+54%+6%
  • Total Scope 3
  • Year-over-Year Change

What are UPM-Kymmene's Scope 3 emissions?

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

Has UPM-Kymmene reduced its Scope 3 emissions over time?

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

What categories of Scope 3 emissions does UPM-Kymmene disclose?

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.

What are the main sources of UPM-Kymmene's Scope 3 emissions?

In 2024, the largest contributors to UPM-Kymmene's Scope 3 emissions were: a

  • Processing of Sold Products (Cat. 10): 3,200,000 tCO₂e (39.13%)
  • Purchased Goods and Services (Cat. 1): 2,970,000 tCO₂e (36.32%)
  • Upstream Transportation and Distribution (Cat. 4): 1,250,000 tCO₂e (15.28%)

UPM-Kymmene's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(36.3%)Processing of SoldProducts (Cat. 10)(39.1%)UpstreamTransportation andDistribution(Cat. 4)(15.3%)

Insights into UPM-Kymmene’s GHG Emissions Intensity Compared to Industry Peers

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

UPM-Kymmene's Scope 1 Emissions Intensity Compared to Peers

2,00020,000500,00010,000,000100,000,000Scope 1 Emissions (tCO2e)501,00050,0001,000,00050,000,000Revenues (Millions of USD)JIDPJJJames CropperYear: 2024Scope 1: 25,399 tCO2eRevenue: $M 130Scope 1 Intensity: 195.36 tCO2e/$MEmpresas CMPCYear: 2024Scope 1: 1,522,902 tCO2eRevenue: $M 7,468,867Scope 1 Intensity: 0.20 tCO2e/$MSvenska Cellulosa AktiebolagetYear: 2024Scope 1: 279,200 tCO2eRevenue: $M 1,836Scope 1 Intensity: 152.08 tCO2e/$MShandong Sun PaperYear: 2023Scope 1: 6,887,000 tCO2eRevenue: $M 5,564Scope 1 Intensity: 1,237.75 tCO2e/$MMondiYear: 2024Scope 1: 1,540,000 tCO2eRevenue: $M 6,679Scope 1 Intensity: 230.58 tCO2e/$MOji HoldingsYear: 2024Scope 1: 5,791,000 tCO2eRevenue: $M 11,201Scope 1 Intensity: 517.01 tCO2e/$MHolmenYear: 2024Scope 1: 61,000 tCO2eRevenue: $M 2,065Scope 1 Intensity: 29.54 tCO2e/$MChung Hwa PulpYear: 2023Scope 1: 754,800 tCO2eRevenue: $M 683Scope 1 Intensity: 1,104.96 tCO2e/$MYFYYear: 2024Scope 1: 4,720,569 tCO2eRevenue: $M 2,394Scope 1 Intensity: 1,972.18 tCO2e/$MIIIberpapel GestionYear: 2024Scope 1: 150,574 tCO2eRevenue: $M 248Scope 1 Intensity: 607.49 tCO2e/$MNine Dragons Paper (Holdings)Year: 2024Scope 1: 16,228,463 tCO2eRevenue: $M 8,932Scope 1 Intensity: 1,816.89 tCO2e/$MNavigatorYear: 2023Scope 1: 509,494 tCO2eRevenue: $M 2,162Scope 1 Intensity: 235.67 tCO2e/$MDDDaio PaperYear: 2023Scope 1: 3,153,000 tCO2eRevenue: $M 4,851Scope 1 Intensity: 649.91 tCO2e/$MCPH GroupYear: 2024Scope 1: 13,542 tCO2eRevenue: $M 495Scope 1 Intensity: 27.38 tCO2e/$MPPPabrik Kertas Tjiwi KimiaYear: 2023Scope 1: 1,895,015 tCO2eRevenue: $M 1,074Scope 1 Intensity: 1,764.72 tCO2e/$MSappiYear: 2023Scope 1: 3,474,000 tCO2eRevenue: $M 5,809Scope 1 Intensity: 598.04 tCO2e/$MSuzanoYear: 2024Scope 1: 2,533,617 tCO2eRevenue: $M 7,673Scope 1 Intensity: 330.20 tCO2e/$MChenming PaperYear: 2023Scope 1: 21,631,434 tCO2eRevenue: $M 3,744Scope 1 Intensity: 5,777.63 tCO2e/$MBillerudYear: 2023Scope 1: 778,627 tCO2eRevenue: $M 4,086Scope 1 Intensity: 190.55 tCO2e/$MShanying International HoldingsYear: 2024Scope 1: 3,760,981 tCO2eRevenue: $M 4,005Scope 1 Intensity: 939.06 tCO2e/$MLee & Man Paper ManufacturingYear: 2024Scope 1: 5,781,277 tCO2eRevenue: $M 3,347Scope 1 Intensity: 1,727.17 tCO2e/$MStora EnsoYear: 2024Scope 1: 1,170,000 tCO2eRevenue: $M 9,417Scope 1 Intensity: 124.25 tCO2e/$MAditya Birla Real EstateYear: 2025Scope 1: 925,173 tCO2eRevenue: $M 141Scope 1 Intensity: 6,568.85 tCO2e/$MUPM-KymmeneYear: 2024Scope 1: 2,180,000 tCO2eRevenue: $M 10,759Scope 1 Intensity: 202.62 tCO2e/$M

How does UPM-Kymmene's GHG emissions intensity compare to its peers?

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

Where does UPM-Kymmene rank on GHG emissions intensity within its industry?

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

Insights into UPM-Kymmene's Total Carbon Footprint

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

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