As a globally operating electronics manufacturing services company and a growing organisation, sustainable operations are 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 actively promoting sustainable development to ensure that 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 most important stakeholders are our personnel, customers, suppliers, our current owners and potential investors as well as local communities.
Annual and Sustainability Report 2024

OUR SUSTAINABILITY FOCUS

We support sustainable development and strive to increase the positive impact of our operations – our handprint – and reduce our negative footprint through systematic development work focused on the most material themes. Those economic, social and environmental themes are defined through a materiality analysis involving key stakeholders – employees, customers and investors. Based on the selected themes we have defined our sustainability targets and indicators for monitoring them. The development of sustainability will be promoted as defined in our sustainability programme.
SUSTAINABILITY PROGRAMME
ENVIRONMENTAL RESPONSIBILITY
KEY THEMES

→ Transition to sustainable energy
→ Reduction of energy intensity
→ Reduction of GHG emissions from own operations
→ Reduction of GHG in the value chain / related to transportation

→ Recycling of waste and hazardous waste

TOPICS

→ ESRS E1 Climate change

→ ESRS E5 Resource use and circular economy

TARGETS

→ Share of renewable energy in total energy consumption 33-37% (Scope 1,2)
→ Development and implementation of Climate Transition Plan
→ 0 environmental non-compliance cases

→ Total recovery rate of waste over 83%
→ Recovery rate of hazardous waste over 74%

UN SDGs

SOCIAL RESPONSIBILITY
KEY THEMES

→ Working conditions
→ Health and safety
→ Equal treatment and diversity

→ Workers’ rights and treatment in the value chain

TOPICS

→ ESRS S1 Own workforce

→ ESRS S2 Workers in the value chain

TARGETS

→ 100% new employees receive the training on Code of Conduct
→ Employee satisfaction over 7/10 / eNPS at least +10
→ Employee turnover less than 10%
→ 0 major injuries
→ 100% of workers covered by ISO 45001
→ 0 average lost-days rate
→ Equal pay for equal work
→ Training hours per employee at least 5 per year (own + non-employees)​
→ 0 discrimination cases

→ 0 severe human rights violation cases

UN SDGs

GOVERNANCE
KEY THEMES

→ Decentralized structure
→ Legal compliance
→ Protection of whistle-blowers

TOPICS

→ ESRS G1 Business conduct

→ Incap’s Business Strategy

TARGETS

→ NPS at least +73
→ Revenue growth
→ Profitability
→ Net working capital
→ Earnings per share
→ Control over operating expenses, personnel expenses, taxes
→ Supporting the local communities related to our business units
→ 0 breaches of Code of Conduct (incl. zero incidents of anti-competitive behaviour and zero incidents of corruption)

UN SDGs

Contributing to a sustainable future

As a globally operating electronics manufacturing services company and a growing organisation, sustainable operations are 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 actively promoting sustainable development to ensure that 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 have committed to all 17 Sustainable Development Goals of the United Nations Global Compact and have selected 9 goals that promote human rights, labour, the environment and environmental protection as the most important for our operations.

United-Nations-Global-Compact-2

Supporting the world’s largest sustainability initiative

Incap Corporation is part of the United Nations Global Compact initiative, showing our commitment to implement its Ten Principles and taking action in support of the Sustainable Development Goals. Incap is one of more than 25,000 companies worldwide affirming their dedication to respecting human rights, labour rights, environmental quality, and anti-corruption practices.

“Our sustainability principles, key themes and performance indicators have been formalised in our Sustainability Programme. By focusing on the programme and its key themes, we also support the related United Nations Sustainable Development Goals,” said Otto Pukk, President and CEO of Incap Corporation.

Nasdaq-ESG-Transparency-Partner-2

Demonstrating transparency and long-term responsibility

Incap is recognised as a Nasdaq ESG Transparency Partner, reflecting our commitment to transparent and responsible environmental, social, and governance (ESG) practices. As a contributor to the Nasdaq ESG Portal, we provide key sustainability data that supports greater market transparency and informed decision-making.

This partnership highlights our proactive approach to ESG disclosure and our role in promoting higher environmental standards within the global business community.

“Increased transparency is essential in building long-term trust with our stakeholders,” said Otto Pukk, President and CEO of Incap Corporation.

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OUR APPROACH TO SUSTAINABLE DEVELOPMENT

Environmental responsibility

Incap contributes to sustainable development by improving the efficiency of its production and by considering all environmental impacts of its operations and striving to minimise them. The most important thing we can influence is the efficient use of resources and materials. The most significant environmental impacts of our activities are carbon dioxide emissions from energy consumption and waste from production. Incap does not use water in its production. Water consumption is mainly caused by the use of sanitary facilities and cleaning.
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Incap Estonia

Social responsibility

Social responsibility is at the heart of Incap’s corporate culture and strategy. Our employees are our most important asset, and by investing in them, we ensure our competitiveness now and in the future. We invest in skills development, cooperation and well-being and expect fair and ethical behaviour towards all. We believe that providing equal opportunities is a prerequisite for success now and in the future. We also want to actively promote sustainable development in our local communities.
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Incap UK

Governance

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. As a growing and profitable business, we are in a good position to meet the expectations of all our shareholders. As such, economic responsibility forms the basis for us to consider the environmental and social responsibility aspects of our operations.
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