A word from the CEO

Year 2021 was a year of strong growth for Incap. Despite the difficult circumstances, our revenue grew almost 60%, supported with the capacity expansions at our Indian factories and high market activity. The growing need for electronics is driven by, for instance, the growth of sustainable energy solutions, electric vehicles and charging infrastructure. I am happy to note that, as a result of the positive development and the increased market value, Incap is now a mid-cap company. I am also very proud of all our over 2,500 employees – we are now about 600 more than a year ago.

In 2021, our corporate responsibility work focused very much on the well-being of our personnel. We put a lot of effort in protecting our employees from the effects of the coronavirus for instance by arranging info sessions about the benefits of the vaccinations as well as enabling and offering vaccinations.

Our aim is to keep and attract the best professionals by providing good training opportunities. In addition to offering training for our employees, we also arranged training for the interns in all our factories. We also supported the youth in our local communities by participating in various ways, such as supporting schools with computer labs and co-operating with local universities and colleges. We also participate actively in policy making for the industry and development of relevant educational programs.

Our Corporate Responsibility Programme with key themes was introduced in 2020. As a part of the programme, we launched a Code of Conduct for all Incap employees and our major suppliers, and in 2021, we rolled out a Code of Conduct training for all our employees.

This report is our second one, and it shares key results of our programme and what Incap stands for. Our approach in social, environmental, and economic responsibility is to continuously improve our performance and share the results with our stakeholders.

Staying true to our values and focusing on our key themes will help us reach our strategic targets. Through our work, we also support the United Nations Sustainable Development Goals, of which we are now a signatory.

I am proud of our achievements in 2021. Together with all Incap’s employees, we stay committed to sustainable development.

Otto Pukk, President and CEO of Incap  Corporation

Otto Pukk Incap
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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 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 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 signatories of the United Nations Global Compact initiative, and we are committed to 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 and to 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 stakeholders’ point of view. As a result of our Stakeholder Survey and further management analysis, we arrived at defining the material Corporate Responsibility themes, related GRI topics, KPIs 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

KPIs

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

KPIs

♦ 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 behaviour and anti-corruption

GRI TOPICS

♦ GRI 201: Economic performance
♦ GRI 205: Anti-corruption
♦ GRI 206: Anti-competitive behaviour

KPIs

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

TARGETS

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OUR CORPORATE RESPONSIBILITY FOCUS

Social Responsibility 2021

Social responsibility

Social responsibility is at the heart of Incap’s corporate culture and strategy. We emphasise well-being of our employees, and fair and ethical behaviour 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.
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Environmental Responsibility 2021

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.
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Economic Responsibility 2021

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.
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