UPM Annual Report 2016

174-175 / 176

UPM Annual Report 2016 174 UPM Annual Report 2016 175
FI / 028 / 003
Kerää käytetty paperi
kierrätykseen.
ACCOUNTS CONTENTS
Annual General Meeting
UPM-Kymmene Corporation will hold its Annual
General Meeting on Wednesday 29 March 2017
at 14:00 (EET), at Messukeskus, 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 0.95 per share be paid for the 2016 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 31 March
2017, which is the record date for the dividend payment. The Board of
Directors proposes that the dividend will be paid on 12 April 2017.
Financial information in 2017
UPMwill publish the financial reports in 2017 as follows:
The InterimReport for January–March (Q1) on 25 April 2017
The InterimReport for January–June (Q2) on 25 July 2017
The InterimReport for January–September (Q3) on 24 October 2017
Contents
UPM Group
2 UPM in brief
4 Year 2016 in brief
6 Review by the President and CEO
8 UPM in transformation
Strategy
10 Grow with Biofore – UPM’s strategic focus areas
12 Performance improvement and transformation continued in 2016
14 Responsibility is good business
16 UPM as an investment
17 UPM renewed its long-term financial targets
18 Operations are guided by the Biofore strategy
20 Changing operating environment
22 Risks and opportunities
Businesses
24 UPM Biorefining
28 UPM Energy
30 UPM Raflatac
32 UPM Specialty Papers
34 UPM Paper ENA
36 UPM Plywood
38 Innovation and R&D
Stakeholders
40 Our people
44 Driving continuous improvement in safety
46 Our stakeholders
52 Continuous dialogue and collaboration with customers
54 UPM’s value creation also generates tax revenues
56 Product stewardship
58 Sustainable forestry
59 Responsible sourcing throughout the entire supply chain
62 Resource-efficient production
64 Responsible water use
66 Climate actions and energy efficiency
68 Circular economy at UPM
70 Value creation
Governance
72 Our governance
82 Board of Directors
84 Group Executive Team
86 GRI content index – short version
88 Independent Practitioner’s Assurance Report
Accounts for 2016
89 Contents
166 Financial information 2007–2016
168 More on resposibility
170 Competitive businesses, strong market positions
173 Addresses
175 Annual General Meeting