Tag: UPM

UPM signs a EUR 750 million revolving credit facility tied to long-term biodiversity and climate targets

Stuart Mitchell

UPM is one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to both biodiversity and climate targets. The margin of the RCF is tied to two key performance indicators (KPIs): achievement of a net positive impact on biodiversity in the company’s own forests in Finland a 65% reduction of CO2 emissions from fuels and purchased electricity by 2030 from 2015 levels, in line with UPM’s commitment to UN Business Ambition for 1.5°C “Connecting UPM’s sustainability performance to our financing demonstrates the importance…

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UPM develops wood based biocomposite material with up to 100 % renewable resources

Stuart Mitchell

UPM has developed a new world-class biocomposite material which meets the highest sustainability requirements. The new material, called UPM Formi EcoAce, contains certified wood and cellulose fibers, as well as certified renewable PP polymers from SABIC’s TRUCIRCLE™  solutions that are made using wood-based feedstock from UPM Biofuels production. The UPM BioVerno production is certified by both ISCC PLUS and RSB and the sustainability of the material has been verified accordingly. The environmentally sound UPM Formi EcoAce is a drop-in solution: it can smoothly replace fossil-based solutions as it is identical…

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