Finnish company UPM receives Ethical Corporation Award

Forest industry company UPM named ‘Most Innovative Company’ for creating materials for increased recyclability and robustness.

According to UPM, it has introduced several innovative products recently including UPM ForMi, a composite material made from pulp fibres from sustainably managed forests and clean plastic polymers. It has also launched UPM BioVerno, the first wood-based biofuel. UPM aims to be a major player in the production of advanced transportation biofuels.


“Our focus on producing more with less is a clear example of UPM as a forest industry company which is now creating tangible results with bio composites, bio fuels and the use of non-fossil fuel energy,” said Hartmut Wurster, Executive Vice President Technology and responsible for new businesses and environmental issues.


UPM consists of three business groups: Energy and pulp, Paper, and Engineered materials. In 2011, UPM's sales exceeded EUR 10 billion. The company has production plants in 16 countries and employs about 24,000 people worldwide.

Sources: UPM, Ethical Corporation Awards