UPM annual report 2015

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UPM Annual Report 2015 153
contents
Contents
UPM Group
1 UPM in brief
3 Review by the President and CEO
Strategy
5 Grow with Biofore – UPM’s strategic focus areas
7 Performance improvement and transformation
continued in 2015
9 Responsibility is good business
11 Key performance indicators and financial targets
13 UPM as an investment
15 Changing operating environment
17 Risks and opportunities, earnings sensitivities
Businesses
19 UPM Biorefining
23 UPM Energy
25 UPM Raflatac
27 UPM Paper Asia
29 UPM Paper ENA
31 UPM Plywood
33 Innovations and R&D
Stakeholders
35 New responsibility targets for 2030
37 Our people – Growing with Biofore
41 Continued development in UPM’s safety culture
and performance
43 Creating added value through stakeholder
engagement
47 UPM pays corporate income taxes where
added value is created
49 Collaboration with customers
51 Prioritising product stewardship
52 Sustainable forestry and fibre sourcing
the cornerstones of UPM’s business
54 Responsible sourcing throughout the entire
value chain
57 Controlled and resource efficient production
61 UPM direct value creation 2015
Governance
63 Governance
71 Board of Directors
73 Group Executive Team
75 GRI content index – short version
77 Independent assurance report
Accounts for 2015
78 Contents
145 Key financial information 2006–2015
147 More responsibility information
149 UPM businesses on a world map
152 Addresses
154 Annual General Meeting
Annual General Meeting
UPM-Kymmene Corporation will hold its Annual General
Meeting on Thursday 7 April 2016 at 14:00, at the Exhibition
and Convention Centre, Messuaukio 1, 00520 Helsinki,
Finland. Instructions for those wishing to attend are given in
the notice to the meeting, which is available on the
company’s website at .
Dividend
The Board of Directors has decided to propose to the Annual General
Meeting that a dividend of EUR 0.75 per share be paid for the 2015 financial
year. The dividend will be paid to the shareholders who are registered in
the company’s shareholder register held by Euroclear Finland Ltd. on
11 April 2016, which is the record date for the dividend payment. The
Board of Directors proposes that the dividend will be paid on 21 April 2016.
Financial information in 2016
UPMwill publish the interim reports in 2016 as follows:
The InterimReport for January–March (Q1) on 26 April 2016
The InterimReport for January–June (Q2) on 26 July 2016
The InterimReport for January–September (Q3) on 25 October 2016
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