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Corporate responsibility

Responsibility is a prominent aspect of Etteplan's business

 

Competent and committed personnel, creating economic value for stakeholders and providing sustainable and environmentally friendly solutions for our customers are at the core of Etteplan’s responsible operations. Our operations are based on strong common principles and operating models while also taking the special characteristics of our operating countries into consideration.

Our operations are based on Etteplan’s values, ethical business principles, Code of Conduct and open stakeholder engagement. We are committed to the continuous development of our responsibility at the Group level and at the country level. We report on our responsibility in accordance with the international GRI reporting framework. The development of Etteplan’s corporate responsibility is led by Senior Vice President, Marketing and Communications, who is also a member of the Management Group.

Read more about our sustainable operations in Annual Review on page 21.

Reporting principles and GRI Index

Etteplan is reporting for the third time on its corporate responsibility using the Global Reporting Initiative (GRI) reporting framework. The report contains basic information on the GRI Standards (Core level). Etteplan reports on corporate responsibility annually. The Company’s reporting is based on a materiality analysis on responsibility (2015).

Read more in Annual Review p.32

Material topics of responsibility

 

Etteplan determined the material topics of its corporate responsibility in 2015 by interviewing key external stakeholders and the Company’s own personnel. The management validated the results of the interviews to create the Company’s materiality matrix for responsibility, with the key topics being financial growth as well as personnel development and commitment. 

Materiality matrix

The Micro:bit project supported by Etteplan

Social projects, such as Micro:bit, a program to teach coding skills in schools, will remain important for Etteplan going forward.

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Financial responsibility

The most relevant aspect of our corporate responsibility, from the perspective of our stakeholders as well as our business, is sustainable financial growth.

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Environmental responsibility

 

The goals of our environmental policy include minimizing the environmental impacts of our own operations, training our personnel to recognize the environmental impacts of their work, and helping our partners observe responsibility in environmental matters.

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Stakeholder engagement

In our operations, Etteplan strives for open dialogue with all stakeholders. Etteplan takes stakeholders’ views and expectations into consideration and aims to respond to them in the best possible manner.

Read more in Annual Review p.30

Etteplan strategy

Etteplan story

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Purpose, vision and values

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Financial targets

Etteplan updated its strategic and financial targets in December 2019. The targets for growth and profitability remained unchanged. Read more

Acquisitions

In acquisitions, which play a key role in our strategy, our focus is on increasing our competence capital and geographical expansion.   Read more

Board of Directors & Management

Operating environment

History

Etteplan has set the standard in engineering design for 30 years. The company has been a pioneer in the development of engineering design and methods as well as new business models. 

Events & webinars

Corporate responsibility

At Etteplan, corporate responsibility is at the core of our day-to-day business as we design hundreds of sustainable solutions for the world’s leading machinery and equipment manufacturers every year. Our highly skilled personnel play a crucial role in fulfilling our customer promise.

Financial responsibility

Etteplan’s operations have significant economic impacts on many different stakeholders. We pay taxes, wages, dividends and financial expenses and we purchase products and services. Etteplan’s financial performance has been strong for several years now, and our revenue and operating profit continued to grow in 2019. Etteplan’s revenue grew by 11.3 per cent and was EUR 263.3 million (236.5). Our operating profit (EBITA) rose to EUR 26.0 million (22.6). We pay taxes on our profits in all of the countries that we operate in. Read more

Personnel and social responsibility

Personnel and leadership development, providing career opportunities and treating employees equally are at the core of Etteplan’s human resource management. Etteplan’s Code of Conduct is the foundation of the company’s human resource management. Read more

Environmental responsibility

The day-to-day work of Etteplan’s environmental management is based on the standards specified in the ISO 14001 environmental system. The goals of our environmental policy include minimizing the environmental impacts of our own operations, training our personnel to recognize the environmental impacts of their work, and helping our partners observe responsibility in environmental matters. Read more

Quality

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Code of Conduct

We want our employees and partners to be proud to work with us, and we want to create well-being for all our stakeholders, based on our values of customer-orientation, proactiveness and attractiveness. This is why we have written this new Code of Conduct. Its purpose is to clearly present and communicate our common set of ethical values and business principles to all employees, stakeholders and partners, as well as to provide guidance in our daily business. Read more
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Outi Torniainen
Outi Torniainen
Senior Vice President, Marketing and Communications