A word from the CEO

As a globally operating electronics manufacturing services company and a growing organisation, sustainable operations is a must in achieving our goals. Acting in a responsible and trustful way is an integral part of our mission, strategy and operations. To ensure we will continue to be the trusted partner in our industry and to meet the increasing expectations of all our stakeholders also in the future, we established Incap’s first Corporate Responsibility programme during 2020. With the programme, we will further mitigate risk on one hand, but we have also identified ways to become a more responsible employer, supplier, business partner and corporate citizen.

During 2020 we also introduced a Code of Conduct for all Incap Group companies. This initiative has enhanced the speed of the integration of our newly acquired factories and provided a platform for creating common processes. I am sure the programme and Code will help us also in the future to foster our unique company culture, encompassing responsibility as an essential part of our entrepreneurial drive.

I am very pleased that we have now taken the first steps to crystalise and formalise our Corporate Responsibility programme with key themes and a reporting framework. By focusing on these themes, we also support the related United Nations Sustainable Development Goals. I am proud of this first report and hope it will show our stakeholders what Incap stands for, and what our values mean in reality.

As Incap’s Corporate Responsibility programme was established in late 2020 and this is our first report, there is obviously plenty of room for improvement. Our approach in this process is to focus on materiality and continuous improvement. To take our sustainability performance to the next level, we will define further targets and develop reporting and communication with all our stakeholders.

Our first big steps have been now taken towards an important global goal – a more sustainable future.

Otto Pukk Incap

Corporate Responsibility report

READ OUR CORPORATE RESPONSIBILITY REPORT HERE
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Our approach to responsibility

As a globally operating electronics manufacturing services company and a growing organisation, sustainable operations is a must in achieving our goals. Acting in a responsible and trustful way is an integral part of our mission, strategy and operations. We are committed to corporate responsibility in order to ensure we will continue to be the trusted partner in our industry and to meet the increasing expectations of all our stakeholders also in the future. Our efforts focus on the most material economic, social and environmental corporate responsibility themes as defined through a materiality analysis involving key stakeholders. By focusing on these themes, we are also committed to support the related United Nations Sustainable Development Goals. We are also committed to support the United Nations Global Compact initiative and its ten principles with respect to human rights, labour, the environment, and anti-corruption.

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Incap’s Material Corporate Responsibility topics
As the basis for our Corporate Responsibility program, we conducted an anonymous online stakeholder survey during October-November 2020. The main stakeholders for the survey were selected based on the level and nature of their expectations towards us and their importance to our business. We received 331 responses to the targeted online questionnaire which was sent to our customers, suppliers, investors as well as Incap’s employees and management.

The aim of the survey was to find out what are the most important Corporate Responsibility themes and essential areas of development from different stakeholder’s point of view. As a result of our Stakeholder Survey and further management analysis, we arrived at defining the material Corporate Responsibility themes, relating GRI topics, KPI’s and the UN Sustainable Development Goals that Incap contributes to.

Incap’s Corporate Responsibility program

SOCIAL
KEY THEMES

Ethical practices, fair treatment and equal opportunities

Health, safety and well-being of employees

Training and development opportunities and family friendliness

Supporting local societies

GRI TOPICS

GRI 401: Employment
GRI 403: Occupational Health and Safety
GRI 405: Diversity and Equal Opportunity
GRI 406: Non-discrimination

KPI’s

Workers covered by certified OHS management system
Number of work-related injuries
Number of discrimination incidents
New employees hires, employee turnover
Ratio of salary of women to men
Training days per employee

TARGETS

Zero injuries

ENVIRONMENTAL
KEY THEMES

Waste and hazardous material management
Energy efficiency and CO2 emissions

GRI TOPICS

GRI 306 : Waste
GRI 302 : Energy
GRI 307: Environmental compliance

KPI’s

Amount of waste
Recycling rate
Number of environmental non-compliance cases
Energy consumption
Energy intensity

TARGETS

ECONOMIC
KEY THEMES

A growing business partner
Anti-competitive behavior and anti-corruption

GRI TOPICS

GRI 201: Economic performance
GRI 205: Anti-corruption
GRI 206: Anti-competitive behavior

KPI’s

Revenue growth, profitability, earnings per share
Operating costs, employee costs, taxes
Number of incidents of corruption of anti-competitive behavior

TARGETS

OUR CORPORATE RESPONSIBILITY FOCUS

Social

Social responsibility

Social responsibility is at the heart of Incap’s corporate culture and strategy. We emphasize well-being of our employees, and fair and ethical behavior towards all our stakeholders. We provide our employees equal opportunities and possibilities for further development. We also want to actively contribute to the sustainable development of our local communities.

Environmental responsibility

We are committed to operating in an environmentally friendly and responsible manner. Our focus is on efficient and sustainable use of resources and materials which is achieved through continuous improvements of recycling rates, waste management and energy intensity.

Economic responsibility

Incap’s economic responsibility is based on solid growth ambitions and good financial performance. Our aim is to be a sustainable growing business partner for our customers and suppliers. With a sustainable financial performance we aim to provide our personnel stable job opportunities and create value for our investors.