UPM Full-Year Report 2022

Highlights

• The Paperworkers’ Union begins a strike in severalUPM businesses in Finland
• UPM launches a new global forest responsibility programme, Forest Action, which will run until 2030
• UPM ceases deliveries to Russia and suspends the purchasing of wood from Russia as well as the UPM Chudovo plywood mill operations
• UPM and the Paperworkers’ Union agree on first- ever business-specific collective labour agreements, ending the strike at UPM businesses in Finland
• UPM Biochemicals and KRAHN Chemie sign an exclusive distribution agreement for UPM BioMotion Renewable Functional Fillers (RFF)
• UPM issues a green bond of EUR 500 million
• UPM Plywood starts using the lignin-based WISA® BioBond bonding technology in all of UPM’s WISA spruce plywood products
• UPM announces to sell its Austrian Steyrermühl site to the HEINZEL GROUP, the transaction and end of newsprint production are planned for the end of 2023
• UPM BioMotionTM Renewable Functional Fillers (RFF) are presented at the world’s largest International Rubber Conference DKT in Nuremberg