UPM-Kymmene CorporationAnnual Financial Report5 March 2025 at 9:30 EET
UPM Annual Report 2024, Corporate Governance Statement and Remuneration Report
published
UPM's Annual Report 2024 has been published online at www.upm.com and
www.upm.fi. The Annual Report including the company's Financial Statements and
the Report of the Board of Directors (including the Sustainability Statement)
for the period 1 January - 31 December 2024 is available in English and Finnish
on the corporate website.
In accordance with the European Single Electronic Format (ESEF) reporting
requirements, the Financial Statements and Report of the Board of Directors for
the year 2024 have also been published in xHTML format. In line with the ESEF
requirements, the primary statements and notes of the consolidated financial
statements have been labelled with XBRL tags. The audit firm Ernst & Young Oy
has provided an independent auditor's report on ESEF financial statements based
on a reasonable assurance engagement it has performed in accordance with
International Standard on Assurance Engagements ISAE 3000.
As part of the Report of the Board of Directors, UPM also publishes its
statutory Sustainability Statement, which is based on the new EU Corporate
Sustainability Reporting Directive (CSRD). The audit firm Ernst & Young Oy has
assured the report at a limited assurance level. UPM has also reported on
sustainability in accordance with the Global Reporting Initiative (GRI)
standards and provides an IFRS S1 and S2 alignment index with UPM's
Sustainability Statement.
UPM has also published its Corporate Governance Statement and the Remuneration
Report for the financial year 2024. The Remuneration Report for governing bodies
introduces the remuneration of the directors and the President and CEO in 2024.
The Remuneration Report 2024 will be presented at the Annual General Meeting
2025 on 27 March 2025. The Corporate Governance Statement and the Remuneration
Report are available on the corporate website at www.upm.com/governance (the
Investors section under Governance).
UPM's performance improved from the previous year, supported by a good
contribution from the new pulp mill in Uruguay and modestly improved volumes in
the advanced materials businesses. The annual report provides comprehensive
information on how UPM seeks profitable, sustainable growth through performance
and capitalizing on major investments. UPM's strong and balanced business
portfolio in renewable fibres, advanced materials and decarbonization solutions
will provide several attractive growth opportunities in the coming years.
The Annual Report, the Corporate Governance Statement and the Remuneration
Report can be downloaded as PDF files in English and Finnish and the Financial
Statements and the Report of the Board of Directors including the Sustainability
Statement as xHTML file, and they are also attached to this release.
Attachments
Annual report 2024
Financial Statements and Report of the Board of Directors for the year 2024 in
xHTML format
Corporate Governance Statement 2024
The Remuneration Report 2024
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
Tel. +358 40 588 3284
media@upm.com
UPM
UPM is a material solutions company, renewing products and entire value chains
with its extensive portfolio of renewable fibres, advanced materials,
decarbonization solutions, and communication papers. Our sustainability
performance has been recognized by third parties, including EcoVadis and the Dow
Jones Sustainability Indices. We operate globally and employ approximately
15,800 people worldwide, with annual sales of approximately EUR 10.3 billion.
Our shares are listed on Nasdaq Helsinki Ltd. UPM - We renew the everyday
www.upm.com
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