Climate Change Data

Incap Corporation

Climate Impact & Sustainability Data (2024-01 to 2024-06)

Reporting Period: 2024-01 to 2024-06

Environmental Metrics

ESG Focus Areas

  • Energy efficiency
  • Renewable energy
  • Environmental impact of production
  • Employee well-being
  • Sustainable business and growth

Environmental Achievements

  • Completed a roof installation project at Incap’s UK factory in spring 2024 to improve energy efficiency and enable future solar panel installation.
  • Upgraded UK factory's SMT production line with a fully automated high-precision soldering screen printer, increasing capacity and improving environmental impact.
  • Replaced a SMT production line with advanced new machinery at its factory in Slovakia.

Social Achievements

  • Emphasizes employee well-being and fair and ethical behavior towards all stakeholders.
  • Personnel policy based on equality between genders, nationalities and ethnic groups.

Governance Achievements

  • Published its first combined Annual and Sustainability Report.
  • Developing sustainability reporting in accordance with the CSRD regulation.
  • Launched Scope 3 emissions calculations and finalized the Double Materiality Assessment (DMA).

Climate Goals & Targets

Environmental Challenges

  • Geopolitical tensions
  • General inflation and cost of manufacturing
  • Price-conscious customers expecting increased efficiency
  • Largest customer reducing inventory levels
  • Tax audit in India regarding financial period 2015-2016
Mitigation Strategies
  • Closely works with suppliers and customers to keep adequate inventory levels.
  • Continuously increases efficiency and stays competitive.
  • Adapts quickly to changes in developing and implementing new products, production methods and ideas.
  • Investing in factories and IT systems.
  • Total provision of EUR 1.6 million booked in accordance with IFRIC 23 for possible tax risks.

Supply Chain Management

Responsible Procurement
  • Code of Conduct that concerns all its employees and major suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, ESRS

Third-party Assurance: PricewaterhouseCoopers Oy (Sustainability Auditor: Maria Grönroos)