UPM publishes its first Green Bond Report
(UPM, Helsinki, 8 April 2021 at 11:00 EET) – UPM has today published its first Green Bond Report. The report provides details on the use of proceeds as well as the estimated impacts of the UPM´s EUR 750 million Green Bond issued in November 2020. The proceeds of the Green Bond were allocated to the following two categories: 1. Sustainable forest managementThe category includes the acquisition, maintenance and management of certified forests. The total amount used was EUR 672 million, of which EUR 592 million was allocated to carrying value of forest land and EUR 80 million