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Home › Companies › UPM-KYMMENE OYJ › 2023-2024

UPM-KYMMENE OYJ 2023-2024 Proxy Voting Records

At UPM-KYMMENE OYJ's shareholder meeting held April 4, 2024, in the 2023-2024 proxy season, 90 asset managers reported how they voted in their SEC Form N-PX filings, covering 3,445 separate fund positions. Their filings are grouped here into 38 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration Report — the reporting funds and managers cast 3% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 38Reported items
  • 90Asset managers
  • 3,445Fund votes
  • April 4, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from UPM-KYMMENE OYJ has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024

Explore UPM-KYMMENE OYJ in the interactive database Compare manager voting policies

How asset managers voted at the UPM-KYMMENE OYJ 2023-2024 meeting

Each item below shows how the 90 asset managers that disclosed a UPM-KYMMENE OYJ vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of UPM-KYMMENE OYJ’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. REELECT PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, PIIA- NOORA KAUPPI, TOPI MANNER, MARJAN OUDEMAN…

No official resultsDIRECTOR ELECTIONS

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 66 asset managers

Description as filed by funds: REELECT PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, PIIA- NOORA KAUPPI, TOPI MANNER, MARJAN OUDEMAN, MARTIN A PORTA AND KIM WAHL AS DIRECTORS; ELECT MELANIE MAAS- BRUNNER AS NEW DIRECTOR

The 66 asset managers below reported 2,278,362,067 for, 109,800 against, 43,988 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,362,067AGAINST: 109,800ABSTAIN: 43,988
Largest asset managers voting on “REELECT PIA AALTONEN-FORSELL, HENRIK EHRNROOTH, JARI GUSTAFSSON, PIIA- NOORA KAUPPI, TOPI MANNER, MARJAN OUDEM” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For
AIG/SunAmerica0106,663 00Against

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

2. Election of Directors

No official resultsDIRECTOR ELECTIONS

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported this as one line covering every nominee; it is not attributed to any one director, and no share total is shown for it.

Largest asset managers voting on “Election of Directors” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

3. Fix Number of Directors at Nine

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,681,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,681,985
Largest asset managers voting on “Fix Number of Directors at Nine” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
RWC Asset Management LLP166,2320 00For
Equitable152,7450 00For
Voya111,5070 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

4. Board Size

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Board Size” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

5. Approve Issuance of up to 25 Million Shares without Preemptive Rights

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,279,038,555 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,279,038,555
Largest asset managers voting on “Approve Issuance of up to 25 Million Shares without Preemptive Rights” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
RWC Asset Management LLP522,8020 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

6. Authorize Share Repurchase Program

No official resultsCAPITAL STRUCTURE

99.9% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,515,753 for, 522,802 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,515,753AGAINST: 522,802
Largest asset managers voting on “Authorize Share Repurchase Program” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
RWC Asset Management LLP0522,802 00Against
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

7. Authority to Issue Shares w/ or w/o Preemptive Rights

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Authority to Issue Shares w/ or w/o Preemptive Rights” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

8. Authority to Repurchase Shares

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Authority to Repurchase Shares” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

9. Accept Financial Statements and Statutory Reports

No official resultsINVESTMENT COMPANY MATTERSCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,722,292 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,722,292
Largest asset managers voting on “Accept Financial Statements and Statutory Reports” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
RWC Asset Management LLP206,5390 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

10. Approve Allocation of Income and Dividends of EUR 1.50 Per Share

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,515,927 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,515,927
Largest asset managers voting on “Approve Allocation of Income and Dividends of EUR 1.50 Per Share” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For
AIG/SunAmerica106,6630 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

11. Approve Discharge of Board and President

No official resultsCORPORATE GOVERNANCE

99.9% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,515,753 for, 2,600 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,515,753AGAINST: 2,600
Largest asset managers voting on “Approve Discharge of Board and President” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For
AIG/SunAmerica106,6630 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

12. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Accounts and Reports” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

13. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Allocation of Profits/Dividends” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

14. Ratification of Board and CEO Acts

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Ratification of Board and CEO Acts” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

15. Receive Financial Statements and Statutory Reports

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Receive Financial Statements and Statutory Reports” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

16. Authorize Charitable Donations

99.9% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,515,753 for, 25,600 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,515,753AGAINST: 25,600
Largest asset managers voting on “Authorize Charitable Donations” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For
AIG/SunAmerica106,6630 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

17. Charitable Donations

No official resultsOTHER SOCIAL ISSUES

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Charitable Donations” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

18. Acknowledge Proper Convening of Meeting

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Acknowledge Proper Convening of Meeting” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

19. Call the Meeting to Order

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Call the Meeting to Order” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

20. Close Meeting

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Close Meeting” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

21. Designate Inspector or Shareholder Representative(s) of Minutes of Meeting

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Designate Inspector or Shareholder Representative(s) of Minutes of Meeting” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

22. Open Meeting

No official resultsCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Open Meeting” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

23. Prepare and Approve List of Shareholders

No official resultsINVESTMENT COMPANY MATTERSCORPORATE GOVERNANCE

— of fund votes cast · no official result

NOT VOTED
Details: votes by 7 asset managers

The 7 asset managers below reported 334 abstained, 91,983 not voted.

ABSTAIN: 334NOT VOTED: 91,983
Largest asset managers voting on “Prepare and Approve List of Shareholders” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Empower00 00Not Voted
Brighthouse00 00Not Voted
Forethought Variable Insurance Trust00 00Not Voted
Advisors' Inner Circle Fund III00 3340Abstain
JPMorgan00 00--
Northern Lights Fund Trust IV00 00--
Symmetry Panoramic Trust00 00--

24. Remuneration of directors in the amount of EUR 231,000 for chairman, EUR 145,000 for deputy chairman and EUR 120,000…

No official resultsSECTION 14A SAY-ON-PAY VOTES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 67 asset managers

Description as filed by funds: REMUNERATION OF DIRECTORS IN THE AMOUNT OF EUR 231,000 FOR CHAIRMAN, EUR 145,000 FOR DEPUTY CHAIRMAN AND EUR 120,000 FOR OTHER DIRECTORS; APPROVE COMPENSATION FOR COMMITTEE WORK

The 67 asset managers below reported 2,296,997,183 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,296,997,183
Largest asset managers voting on “REMUNERATION OF DIRECTORS IN THE AMOUNT OF EUR 231,000 FOR CHAIRMAN, EUR 145,000 FOR DEPUTY CHAIRMAN AND EUR 1” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
RWC Asset Management LLP18,025,5440 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
Trium Capital LLP455,8860 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For

Showing the 25 largest of 67 asset managers. All 67 are in the interactive database (link above).

25. Directors' Fees

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 12 asset managers

The 12 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Directors' Fees” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For
Foresight Group Ltd Liability Partnership00 00--

26. Approve Remuneration Report

3% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST
Details: votes by 76 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 64 asset managers voting on “Approve Remuneration Report” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree02,228,072,866 00Against
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle00 3,969,4700Abstain
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,038,07236,149 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan01,135,535 00Against
Dimensional0775,977 00Against
Jackson National624,57177,919 00Mixed
DWS0523,800 00Against
American Century0381,002 00Against
Pacer Funds Trust372,0000 00For
Nationwide075,903 124,5510Mixed
Victory Capital0173,897 00Against
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock25,069143,743 00Mixed
Equitable115,63337,112 00Mixed
Voya0111,507 00Against
AIG/SunAmerica0106,663 00Against

Fund voting reports, all 64 managers: 42,142,875 for, 2,232,234,869 against, 4,138,009 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 13 asset managers voting on “Approve Remuneration Report” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP18,025,5440 00For
JPMorgan02,993,975 00Against
APG Asset Management US Inc.01,075,778 00Against
Northern Trust713,667275,413 00Mixed
Korea Investment CORP00 155,0310Abstain
Siemens Fonds Invest GmbH133,8770 00For
Desjardins Global Asset Management Inc.094,761 00Against
Cullen Capital Management, LLC34,0160 00For
1832 Asset Management L.P.026,597 00Against
South Dakota Investment Council6,7000 00For
NATIONAL BANK TRUST INC.02,775 00Against
BBR PARTNERS, LLC2440 00For
XPONANCE, INC.390 00For

Institutional-manager reports, all 13 managers: 18,914,087 for, 4,469,299 against, 155,031 abstained.

27. Approve remuneration policy and other terms of employment for executive management

No official resultsSECTION 14A SAY-ON-PAY VOTES

99.8% of fund votes cast · no official result

FOR
Details: description as filed, votes by 67 asset managers

Description as filed by funds: APPROVE REMUNERATION POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT

The 67 asset managers below reported 2,292,402,954 for, 4,549,907 against, 43,988 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,292,402,954AGAINST: 4,549,907ABSTAIN: 43,988
Largest asset managers voting on “APPROVE REMUNERATION POLICY AND OTHER TERMS OF EMPLOYMENT FOR EXECUTIVE MANAGEMENT” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
RWC Asset Management LLP18,025,5440 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle03,969,470 00Against
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
Trium Capital LLP0455,886 00Against
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide75,903124,551 00Mixed
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For

Showing the 25 largest of 67 asset managers. All 67 are in the interactive database (link above).

28. Remuneration Policy

100% of fund votes cast · no official result

FOR
Details: votes by 12 asset managers

The 12 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Remuneration Policy” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For
Foresight Group Ltd Liability Partnership00 00--

29. Remuneration Report

99.8% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,268,181 for, 5,651 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,268,181AGAINST: 5,651
Largest asset managers voting on “Remuneration Report” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse04,556 00Against
Hartford01,095 00Against
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

30. Advisory Vote to Ratify Named Executive Officers' Compensation

No official resultsSECTION 14A SAY-ON-PAY VOTES

0% of fund votes cast · no official result

AGAINST
Details: votes by 2 asset managers

The 2 asset managers below reported 141,781 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

AGAINST: 141,781
Largest asset managers voting on “Advisory Vote to Ratify Named Executive Officers' Compensation” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
TD ASSET MANAGEMENT INC0140,881 00Against
Regime de rentes du Mouvement Desjardins0900 00Against

31. Approve Remuneration of Auditors

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 66 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 64 asset managers voting on “Approve Remuneration of Auditors” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
Equitable152,7450 00For
Voya111,5070 00For
AIG/SunAmerica106,6630 00For

Fund voting reports, all 64 managers: 2,278,515,753 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 1 asset manager voting on “Approve Remuneration of Auditors” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
RWC Asset Management LLP63,096,6620 00For

Institutional-manager reports, all 1 managers: 63,096,662 for.

32. Ratify Ernst & Young Oy as Auditor for FY 2025

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 66 asset managers

The 66 asset managers below reported 2,278,681,985 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 2,278,681,985
Largest asset managers voting on “Ratify Ernst & Young Oy as Auditor for FY 2025” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
WisdomTree2,228,072,8660 00For
Vanguard14,588,7350 00For
BlackRock10,103,8330 00For
Columbia Threadneedle3,969,4700 00For
State Street3,704,1450 00For
JANUS INVESTMENT FUND3,343,5280 00For
Capital Group2,674,4870 00For
Northern Trust2,074,2210 00For
Fidelity1,464,5630 00For
Six Circles Trust1,317,5700 00For
TIAA1,175,3490 00For
JPMorgan1,135,5350 00For
Dimensional775,9770 00For
Jackson National702,4900 00For
DWS523,8000 00For
American Century381,0020 00For
Pacer Funds Trust372,0000 00For
Nationwide200,4540 00For
Victory Capital173,8970 00For
Invesco171,0730 00For
CULLEN FUNDS TRUST169,0420 00For
John Hancock168,8120 00For
RWC Asset Management LLP166,2320 00For
Equitable152,7450 00For
Voya111,5070 00For

Showing the 25 largest of 66 asset managers. All 66 are in the interactive database (link above).

33. Appointment of Auditor

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Appointment of Auditor” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

34. Authority to Set Auditor's Fees

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 3,273,832 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 3,273,832
Largest asset managers voting on “Authority to Set Auditor's Fees” at UPM-KYMMENE OYJ, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab1,870,1090 00For
Federated Hermes707,1480 00For
IMPAX FUNDS SERIES TRUST I265,3390 00For
Russell Investments244,5140 00For
Prudential/PGIM153,0670 00For
VanEck ETF Trust26,6630 00For
Brighthouse4,5560 00For
Hartford1,0950 00For
Adviser Managed Trust6550 00For
SEI4080 00For
ETFis Series Trust I2780 00For

Showing the 34 reported items with the widest manager coverage, of 38 in total. Every item is in the interactive database (link above).

Largest UPM-KYMMENE OYJ shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top UPM-KYMMENE OYJ shareholders by shares voted on “Approve Remuneration Report”, 2023-2024
#Asset manager Shares voted
1WisdomTree 2,228,072,866
2Vanguard 14,588,735
3BlackRock 10,103,833
4Columbia Threadneedle 3,969,470
5State Street 3,704,145
6JANUS INVESTMENT FUND 3,343,528
7Capital Group 2,674,487
8Northern Trust 2,074,221
9Fidelity 1,464,563
10Six Circles Trust 1,317,570
Institutional-manager reports: top UPM-KYMMENE OYJ shareholders by shares voted on “Approve Remuneration Report”, 2023-2024
#Asset manager Shares voted
1RWC Asset Management LLP 18,025,544
2JPMorgan 2,993,975
3APG Asset Management US Inc. 1,075,778
4Northern Trust 989,080
5Korea Investment CORP 155,031
6Siemens Fonds Invest GmbH 133,877
7Desjardins Global Asset Management Inc. 94,761
8Cullen Capital Management, LLC 34,016
91832 Asset Management L.P. 26,597
10South Dakota Investment Council 6,700

Shown as share counts, not percentages: no shares-outstanding figure has been matched to UPM-KYMMENE OYJ for the 2023-2024 season, so there is no denominator to divide by.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

UPM-KYMMENE OYJ proxy season coverage: 2023-2024 (this page).

Cite this page

proxyvotesnow.com, “UPM-KYMMENE OYJ 2024 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/upm-kymmene-oyj/2024 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.