The publication summarises the events of the year and discusses the company’s profitability programme and the development of wood sourcing in Russia. It also broadly describes the environmental impact of UPM operations.

The company’s EMAS statement for its pulp and paper mills with supplements on individual mills will be published later this spring.

A spokesman said: “Together these publications and other UPM reports give a clear picture of the impact of company operations on the environment and society as well as the way we develop our operations.”