UPM has been awarded the title of ‘Most Innovative Company’ at the 2012 Ethical Corporation Awards.
The company was recognised at the awards ceremony in London for its Eco Design and approach to sustainable thinking.
The judges commended UPM for its commitment to creating innovative materials for increased recyclability and robustness.
It has recently introduced several innovative products to market including the world’s first biodiesel that is manufactured from wood raw material.
Hartmut Wurster, UPM Executive Vice President Technology, with responsibility for new businesses and environmental issues, said: “Our focus on producing more with less is a clear example of UPM as a forest industry company is now creating tangible results with bio composites, bio fuels and the use of non-fossil fuel energy.
“The integration of the bio-based and forest industries has created the Biofore vision the foundation of our corporate responsibility.”