UPM has joined The Climate Pledge, a cross-sector community of companies working together to crack the climate crisis.
The Climate Pledge was co-founded by Amazon and the Global Optimism, with members committed to reach the targets of the Paris Agreement well in advance of the deadline.
“We are proud to be the first forest industry company that has been invited to join The Climate Pledge and the network of global sustainability leaders,” said Jussi Pesonen, president and CEO at UPM.
As a signatory of Climate Pledge UPM will:
- Measure and report greenhouse gas emissions on a regular basis.
- Implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.
- Neutralise any remaining emissions to achieve net-zero annual carbon emissions by 2040, a decade ahead of the Paris Agreement’s goal of 2050.
Signing this pledge is a natural next step on UPM’s climate roadmap. In January 2020, the company committed to the UN Business Ambition for 1.5°C with a promise to pursue science-based measures to limit global temperature rise to 1.5°C. UPM’s goal is to mitigate climate change and drive value creation through innovating novel products, by practicing sustainable forestry and committing to -65% CO2 emission reduction target by 2030. This target is approved by The Science Based Target initiative.