UK Sustainability Report (Memoria de Sostenibilidad 22-23)

SUSTAINABILITY REPORT 2022-2023
INCATEMA CONSULTING & ENGINEERING, S.L.
The road to sustainable development

SUSTAINABILITY REPORT 2022 - 2023
INDEX
1. LETTER FROM THE CHAIRMAN
2. HIGHLIGHTS OF THE PERIOD 2022-2023
Milestones
Key figures
3. ABOUT INCATEMA
History
Purpose. Mission and vision
Legal nature
Corporate governance and management
4. OUR BUSINESS MODEL
Products and services
Markets in which we operate
Materiality
Stakeholders
Risks and opportunities
5. COMMITMENT TO SUSTAINABLE DEVELOPMENT AND THE SDGs
6. GOOD CORPORATE GOVERNANCE
Ethical and responsible management
Transparency
Human rights
Fighting corruption and bribery
Money Laundering prevention
7. ENVIRONMENTAL PERFORMANCE
Approach
Short-, medium- and long-term policies and action plan
Environmental indicators. Developments
8. EMPLOYMENT AND INDUSTRIAL RELATIONS
Approach
Short-, medium- and long-term policies and action plan
Environmental indicators. Developments
9. SOCIETY
Suppliers
Clients
Alliances
10. ABOUT THIS REPORT
11. TABLE OF CONTENTS
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1 LETTER FROM THE CHAIRMAN
In the current global context, the relevance of

sustainable performance, management of non-
financial elements and transparency when
communicating information related to
environmental, social and governance (ESG)
aspects has become imperative to corporate
strategies and objectives. The urgency of
addressing climate change, promoting the
transition to a circular economy, safeguarding
human rights and fighting corruption reflects a
paradigm shift in business conduct and strategy
and we at Incatema have embraced these
challenges with excitement and enthusiasm.
Within this backdrop, we observe the emergence of new legislation focused

on regulating the disclosure of non-financial information, evidencing an
increase in the demand for reporting on environmental, social and
governance performance. At this point, although Incatema is not subject to
specific legal obligations in this area, , we have decided to prepare this
Sustainability Report, thus recognising the importance of integrating these
principles into our strategy, responding to the market and stakeholder
expectations, particularly for finance providers that prioritise support for
projects aligned with sustainable development.
Incatema's strong commitment to sustainable development and inclusive

growth in developing countries is expressed through our environmental,
social and governance practices, which have defined our purpose and
strategy since our founding almost thirty years ago.
Our work upholds our commitment to sustainability, integrating responsible

environmental practices into each of our international projects. In Africa, for
example, our company has led agricultural development projects that not
only seek to improve food security but also to implement sustainable
farming techniques that minimise environmental impact and promote water
conservation. In Central and South America, we have significantly
contributed to the construction of water infrastructure, using innovative
technologies to ensure efficient water use and support water-intensive

communities and industries in adapting to climate change. These projects

not only reflect our commitment to the preservation of natural resources,
but also demonstrate how investments in sustainability are geared towards
driving local economic development.
Furthermore, in the field of infrastructure engineering and construction,

Incatema emphasises the importance of sustainable construction, using
materials and methods that reduce a projects carbon footprint and promote
energy efficiency. Our water infrastructure projects provide a clear example
of how we address environmental challenges with innovative and
sustainable solutions which aim to provide water treatment and sanitation
facilities to vulnerable communities.
With this Sustainability Report, we seek to share the outcomes of our ESG
performance, guided by recognised international standards such as the
United Nations Global Compact Progress Report and the Global Reporting
Initiative (GRI) Standards.
This voluntary initiative towards transparency and proactive reporting places

us at the forefront of emerging trends in non-financial reporting. In
particular, we are adapting to the requirements set by the European
Parliament and European Council through the Corporate Sustainable
Disclosure Directive (CSRD) adopted in December 2022, and we are
preparing to implement the indicators developed by the European Financial
Reporting Advisory Group (EFRAG) under this directive.
By publishing this Sustainability Report for 2022 and 2023, we are taking a
step forward in our commitment to sustainability, with the aim of
demonstrating to our stakeholders and society as a whole, the integrity of
our ESG performance. This report not only reflects our response to external
expectations, but also reaffirms our internal determination to continue to
operate as a responsible company, aware of the impact of our actions on
the world.
With this introduction I would like to reiterate our commitment, not only to
complying with international standards, but also to adopting a culture of
sustainability that permeates throughout our operations and projects.
Incatema is committed to continuing to lead by example, demonstrating that
business success and sustainability can go hand in hand.

Finally, as a company, we extend an invitation to our stakeholders and

clients to join us on this journey towards a more sustainable future.
Together we can achieve significant improvements, ensuring a legacy of
prosperity, environmental protection and social equity for future
generations.

2 HIGHLIGHTS FROM THE 2022-2023 FINANCIAL YEARS
MILESTONES
Over the 2022 and 2023 financial years, three particularly significant
projects stand out among others reflecting Incatema's commitment to
sustainable development and its positive impact on the communities and
environments we operate in. .
The first of these is the Samba Caju Integrated Development project in

Angola, an initiative that combines improvements in agricultural
infrastructure with a focus on food security. This project substantially
improves the region's agricultural and livestock production capacity by
implementing an automated live management system for livestock
breeding, treatment, and care which has revitalised and integrated the local
communities way of life with this industry whilst implementing the highest
international quality standards and respect for the environment. This effort
underlines the importance of sustainable agriculture and rural development
as pillars of inclusive economic growth.
In Senegal, Incatema has carried out a second flagship project in the

sanitation sector with the development of a Wastewater Treatment Plant
(WWTP) in Cambérène, near Dakar, as well as the construction of a marine
outfall. This project demonstrates our capacity and social commitment to
implement critical infrastructure solutions which benefits over 1.6 million
inhabitants who now enjoy improved standards of sanitation. The extension
and upgrade of the Cambérène WWTP further highlights our commitment to
sustainable water resource management and public health.
Finally, the third project, in the Dominican Republic, is the Potable Water
Treatment Plant (PWTP) in Navarrete, which is an example of Incatema's
dedication to improving access to safe drinking water within Latin America
and the Caribbean. This project has not only rehabilitated the potable water
supply system for seven towns in the province of Santiago, but it also
incorporates sustainable technologies and practices to ensure the long-term
availability of safe and reliable drinking water.
The projects described are just a small selection of Incatema's holistic

approach to sustainability, ranging from food security and rural

development to sustainable water and sanitation management, which

reflects our commitment to the Sustainable Development Goals and the well-
being of the communities where we operate.
MAIN FIGURES
The following sections present the key figures relating to ESG performance
during the 2023 financial year.
 E - Environmental performance: Incatema identifies the fight against

climate change as one of its key material aspects and promotes a just
transition towards an inclusivecircular economy.
2023 2022
Atmospheric emissions 9,00 T CO2 eq 8.81 T CO2 eq
Wastes managed 100% 100%
Electricity consumption 33,100 kWh 32,400 kWh
Water consumption 302 bottles 360 bottles
Paper consumption 0,299 T 0,723 T
Incatema only produces CO2 emissions generated from its electricity

consumption. The increase in both values is due an increased
presence of employees in 2023.
 S - Social performance: Incatema is committed to hiring people

locally within the countries where we operate, as a way of contributing
to a region’s economic growth. Diversity and inclusion are core values
at Incatema, and we actively promote gender diversity within our
workforce; the percentage of women in 2023 grew by 10 percentage
points versus the end of the previous year.
2023 2022
Employees 101 92
% Women 31% 21%
 G - Governance: Incatema's purpose is the sustainable construction

of infrastructures indeveloping nations. All projects carried out are

classified as sustainable according to the criteria of the European

green taxonomy.
2023
Volume of revenue (€) 16.7 million
% of sustainable projects 100%

3 ABOUT INCATEMA
HISTORY
Incatema Consulting & Engineering, hereinafter Incatema, is a Spanish
engineering, consulting and project execution company, with "turnkey"
projects being at the forefront of our work. It was founded in 1994 from the
merger of several companies and includes an expansive team of
professionals with extensive experience. The company specialises in
agriculture, rural development, water supply and sanitation, fisheries and
aquaculture, food markets, logistics marketing infrastructure, architecture,
engineering, consulting, planning and construction. Its main objective is to
contribute to the progress and quality of life in countries where it is present
and is committed to continuing to generate value and continuity for
continuity in the markets in which it operates.
Headquartered in Madrid (Spain), Incatema has subsidiaries in Angola, Haiti,

the Dominican Republic and the United Kingdom, but operates in four
continents.
It relies on a team with more than 25 years of accumulated experience

implementing projects in the Agriculture, Rural Development, Fisheries,
Markets, Water and Infrastructure sectors.
Incatema executes turnkey projects, which also include the necessary

training, adapted to the local reality, to guarantee their proper execution
and future viability.
It is characterised in the market by its commitment to its customers and to

the sustainable development of the countries where it operates.
It currently carries out projects in different countries in Africa and the

Americas and has worked in more than 50 countries worldwide since
incorporation.
Incatema's accumulated experience extends to all its areas of activity:

Agriculture, Fisheries, Rural Development, Wholesale Markets and
Infrastructures. In each project it adopts a multidisciplinary, participatory,
and results-focused approach, which guarantees the use of innovative

methods in each case, supported both by the company's human resources

and by its extensive network of international expert collaborators.
Incatema has had the opportunity to meet and work with a significant
number of NGOs, institutions and associations working in different
countries, and sharing objectives, from different sectors and fields of action.
Its main clients include public institutions of the various countries where it
operates, as well as multilateral organisations working in international
development. These include the European Commission, the World Bank, the
African Development Bank, the Islamic Development Bank, the Inter-
American Development Bank and the Andean Development Corporation,
amongst others.
PURPOSE
Incatema aims to contribute to the improvement of livelihoods in the
countries where it operates through the implementation of its projects. This
approach ensures to provide each project with a growth strategy in their
relevantmarkets.. Through effective proposals, its intention is to contribute
to a country´s development, by designing the most innovative and
sustainable solutions, which has been based on the successful outcomes
and experiences achieved in Spain.
In order to build a better future, Incatema focuses its efforts on the search
for success and customer satisfaction.
MISSION
Consultancy, design and execution of engineering projects for the
development of basic infrastructures in the countries where it operates.
VISION
To be a global benchmark company in the provision of technical assistance
and implementation of projects to promote sustainable development and
improved quality of livelihoods.
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VALUES
Passion, offering the best solutions to fulfil its vocation: to contribute to
progress and sustainable development.
Professionalism, by having the best talent, in continuous training, with a

high technical capacity for execution and the best knowledge and
experience.
Commitment to clients, carrying out the entire project cycle, controlling the
entire process to offer the highest quality and technology, always with the
greatest possible adaptation to the environment and training local
technicians in each country, to hand projects back to the clients for
successful long-term management..
Commitment to the environment, constantly seeking to offer innovative

solutions with the aim of helping the fight against climate change, meeting
the Sustainable Development Goals and applying the principles of a circular
economy.
LEGAL STATUS
Incatema and its five subsidiaries have the legal status of being limited
liability companies, except for CEMAEC, which takes the form of a public
limited company.
Incatema, the parent company, owns almost all the shares in the capital of
the subsidiaries.

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CORPORATE GOVERNANCE AND MANAGEMENT

Incatema is governed by a three-member Board of Directors.
The Compliance, Quality, Environment and Health and Safety departments

report to the Board of Directors.
Executive management is provided by the Chief Executive, to whom 6

operational areas report:
 Agriculture and Rural Development DirectorateDivision. This

Division is responsible for the design, construction and management
of agriculture and rural development infrastructure, implementing
projects that facilitate access to markets for rural producers,
improving the efficiency of the supply chain from source to final
consumer. This includes, among others, the design and construction
of agricultural and livestock production, processing, storage and
distribution infrastructures, such as wholesale and retail markets and
distribution centres, with a focus on the integration of advanced
technologies for efficient management and operation. In addition, the
Division works closely with producers, traders and local authorities to
ensure that projects respond to market needs and contribute to rural
development. Environmental sustainability and social inclusion are
key elements, seeking to promote sustainable agricultural practices
and ensure equitable access to markets.
 Infrastructure Division. The Infrastructure Division focuses on the

planning, design, construction and maintenance of high quality and

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sustainable infrastructures, mainly related to the integral water cycle.

It ensures that projects meet quality, safety and sustainability
standards, applying innovative technologies and efficient
construction practices. It manages multidisciplinary and international
teams in the execution of turnkey projects that include, but are not
limited to, the integral water cycle, as well as other civil constructions.
Coordination with governmental entities and local communities is also
a crucial part of its responsibility, ensuring the alignment of projects
with local policies and needs.
 Consultancy Division. This Division offers specialised consultancy

services in the agriculture, fisheries, rural development, and natural
resource management sectors. It provides expert advice, feasibility
studies, and design of tailor-made solutions to address specific client
challenges in projects that are generally funded by multilateral
organisations and that have a clear vocation to contribute to
environmental sustainability, social development, inclusion and
economic growth. The Consultancy Division collaborates with
international institutions, governments, and other private and public
organisations, providing technical and strategic knowledge for the
development of policies, programmes, and projects that contribute
positively to rural growth.
 Commercial and Business Development Division. This division is

responsible for identifying and pursuing new business opportunities,
expanding the company's presence in new markets and sectors. It
manages relationships with customers and partners, while
formulating and executing actions to promote the company's services
and projects. The Commercial and Business Development Division
analyses market trends and customer needs to adapt service
offerings, ensuring that the company remains competitive and
relevant in the sector in which it operates. It also works in
collaboration with other divisions to ensure that new projects are both
technically and financially viable.
 Financial Management. Responsible for the company’s economic

resources and management. It is responsible for financial planning,
including budgeting, financial forecasting, and investment strategy to
support the company's growth and expansion. It oversees accounting,
cash flow, and investments, ensuring that the company maintains a

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sound financial position. It is also in charge of risk management,

identifying and mitigating financial risks through insurance and
hedging strategies. In addition, the Finance Management division
negotiates with banks and financial institutions to secure financing
for projects and operations, while maintaining direct and immediate
relations with the company's management and decision-making
bodies, providing transparent financial reporting and complying with
financial regulations.
 Logistics Management. The Logistics Division is essential to ensure

the day-to-day running of the company and that its operations
function efficiently and effectively. It manages the company's assets,
work centres,support, and technology areas. It works to optimise
flows and processes, ensuring that resources are available and up to
date. Its functions are essential for international projects, where
coordination and meeting deadlines play a critical role.
Each of these divisions play a vital role in the operation and success of
Incatema, working together to offer comprehensive solutions that promote
sustainable development and the well-being of the communities with which
they interact. Coordination between these divisions is essential to carry out
complex and challenging projects, ensuring that the company's objectives
and the expectations of our clients and beneficiary communities are met.

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4 OUR BUSINESS MODEL
PRODUCTS AND SERVICES
AGRICULTURE, FISHERIES AND RURAL

DEVELOPMENT
Incatema offers integrated solutions in the
field of agricultural production, agro-
industry and productive projects for rural
and fisheries development.
With a methodology based on extensive experience in international

development, Incatema's services include studies, sectoral analysis or
diagnostics, identification, evaluation and implementation and management
of engineering or technical assistance projects. The company provides
technical assistance services to public and private sector institutions, often
with funding from leading multilateral organisations such as the European
Commission, the FAO, the World Bank and the Inter-American Development
Bank, among others.
 Agricultural and food industries. Incatema develops its agricultural

activity with the execution of food storage and processing projects,
from engineering to turnkey stages. Incatema attaches great
importance to the research and implementation of innovative tools
and technologies for the development of the agricultural industry.

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Tomato processing plant in Benguela, Angola
 Agriculture and livestock farming. More than 100 studies and

engineering projects endorse Incatema's experience. The company
tackles the agricultural and livestock production phase through the
preparation and conditioning of terrain for cultivation, the design and
installation of irrigation systems and the optimisation of
infrastructures and available resources to improve productivity. The
services include the development of all types of projects related to the
production, conservation, processing and transformation of products,
ensuring quality control and traceability at all stages, from the field
to the consumer. They also include knowledge, upskilling and
technology transfer as a fundamental components in order to ensure
a projects future sustainability and appropriation by the recipients.
Agro-pastoral project in Cameroon
 Fisheries and aquaculture. Incatema's services cover all phases from

planning and support for aquaculture and fisheries production,

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through consulting, supply of equipment, installation and

construction of land-based infrastructure, to downstream stages such
as preservation, processing and transformation of products. Support
is also provided to the value chain and retail trade through the
creation of auctions and markets, including the cold chain.
Institutional strengthening programme for fishermen's organisations in Turkey for

their alignment with the EU fisheries policy
INFRASTRUCTURE
Incatema is aware of the crucial role played by infrastructure as the
backbone for development. From the experience of its team of engineers, it
offers comprehensive solutions to implement large-scale industrial and
urban infrastructure projects.
In addition, the experience of Incatema's multidisciplinary technical team

allows us to execute projects in the area of construction as well as to provide
specific technical support in engineering projects.
Our activity begins with preliminary studies and continues with projects in
all their phases, project management, construction and final delivery to
client.
Incatema carries out holistic projects, allowing the implementation of the

most varied range of "turnkey" proposals.
 Water. Incatema's commitment and responsibility lies in its utmost

rigour in preserving, managing and valuing water resources in all the

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phases of its integral cycle: collection, transport, treatment, storage,

regulation and distribution within the supply sector, and sewerage
and purification collectors, networks, as well as its subsequent reuse.
The implementation of these projects is always carried out taking into
account the sustainable development of the countries where they are
carried out, as well as the protection of the environment. Incatema
also carries out the transfer of technical and management knowledge
to the institutions responsible for the supply and sanitation networks.
Ozama River wastewater treatment plant in Santo Domingo, Dominican Republic.
 Construction. The experience of Incatema's team of professionals

allows us to provide comprehensive technical assistance, execute key
projects within the construction sector and provide specific technical
support for the different departments of the company. The activity is
developed on the basis of initial preliminary studies, and continues
with all the phases of the project, construction management,
construction and final turnkey commissioning.
Luanda Logistics Distribution Centre. Angola

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 Planning, urban and civil engineering. The diversity of Incatema's

technical team allows it to carry out projects where it is necessary to
combine different areas of knowledge to address problems and
propose solutions, in the medium and long term, in regions and
communities, through urban planning.
Basic Fisheries Training School (Cefopescas). Angola
PERISHABLE FOOD MARKETS

Incatema carries out all kinds of actions aimed at food storage and
distribution, from the construction of collection centres and logistics
platforms, storage, cold chain and distribution at source, to the design and
construction of markets at destination for the wholesale or retail sale of
food, as well as gastronomic market projects, which combine retail and
leisure.
Ouanaminthe market. Haiti

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Guaranteeing food safety, laboratory control, traceability and respect for the
environment are key aspects in all of Incatema's food product distribution
studies and projects.
Since 2000, Incatema has shared its experience in the African and American
markets, where it has transferred expertise to carry out projects in countries
such as Angola, Senegal, Puerto Rico, Dominican Republic, Haiti, Ecuador
and El Salvador.
 Shopping centres. Incatema seeks to create quality spaces that

contribute to the generation of social, environmental and financial
value in diverse communities. The creation of high quality
environments that create social, environmental and economic value
for clients defines our area of expertise. Incatema combines shopping
centre know-how with local market knowledge and a proven ability to
deliver the expected results.
 Wholesale and retail markets. Incatema specialises in tailoring

activities to the specific needs of each client. The tasks carried out
range from consultancy to operational support. The knowledge of the
local market is vital to adapt projects to the specific needs of each
area. Our experts in retail and wholesale distribution allow us to
respond to the challenges posed by society, thus gaining a
competitive advantage. With experience in carrying out feasibility
studies for each project, Incatema helps its clients to successfully
overcome complex challenges, from advising on the development of
food chains to supporting the operation of implemented projects.
WHERE WE OPERATE
During its early years, Incatema, based in Madrid, focused on the local
domestic market. Towards the end of the1990s, Incatema began a process
of internationalisation that has been consolidated over time and has led the
company to operate in more than 50 countries.

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The company's differentiating feature is its total identification with its clients
and a strong vocation for permanence where it operates, which has led
creating local subsidiaries in Angola, Senegal, Haiti, the Dominican Republic
and the United Kingdom.
MATERIALITY
The analysis of the main aspects that Incatema considers significant and on
which it can have an impact in the through its presence and project work
has been carried out with the participation of all areas of the organisation,
and with the indirect participation of stakeholders, thanks to the experience
and information accumulated by Incatema over the years.
It should be noted that in most of the projects executed by Incatema,

significant resources are invested in the execution of Social and
Environmental Impact Studies and Management Plans, as well as the long-
term monitoring of projects to ensure that all the commitments are met and
respected.

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We work with local government and external expert consultants to carry out
Environmental and Social Impact Assessments (ESIAs) that provide us with a
full understanding of how our projects will influence society, the economy
and the environment within a projects area of influence. These studies in
turn allow us to monitor, control and adapt projects as required to avoid
and mitigate negative impacts to the local environments and communities.
These studies are fundamental components of the project development
process and aim to identify and assess potential impacts to local
communities, ecosystems and wider social factors.
KEY ASPECTS FOR SOCIAL, ECONOMIC AND ENVIRONMENTAL

IMPACT STUDIES
Baseline Assessment: When defining the scope of the ESIA, identifying the key stakeholders
and performing reference assessments, we learn about the current environmental and social
conditions within the area of the project.
Impact assessment: On the grounds of the reference information, we carry out an impact
assessment and assess and value the potential environmental and social effects of the project
including direct, indirect and accumulated impacts throughout time.
Participation of stakeholders: Active participation of local communities is guaranteed,

indigenous groups, governmental bodies, NGOs and other relevant stakeholders throughout
the whole process of the ESIA. Their contribution and concern are highly valued in the
decision-making process and planning of projects.
Development of Mitigation and Management plans: Based on the results of the impact
assessment, we prepare holistic management plans to mitigate and manage the risks and
impacts identified. These plans describe actions, measures and protocols specific to minimize
the negative effects and improve positive results.
Monitoring and follow-up: After the implementation of the project, we carry out periodical
activities to monitor, assess and follow-up the effectiveness of our mitigation measures and to
guarantee compliance of the regulatory requirements and commitments of the interested
parties. Monitoring efforts may include field resarch, sampling, environment, community
surveys and other methods of data reconciliation.
Adaptive Management: Incatema adopts an adaptive management approach which provides

flexibility and response capacity to the changing circumstances and emerging problems
throughout the life cycle of the project. This allows us to continously improve our practices,
face new challenges and maximize the positive social and environmental results.

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By investing resources in these areas, we are ensuring the long-term

sustainability and positive legacy of our operations, which in turn fosters
ongoing collaborations with our stakeholders and contributes to the well-
being of the communities and ecosystems where we operate.

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Incatema classifies material aspects on the basis of the performance area to

which each of them relates:
Material environmental aspects

Material aspects of a social nature
Material aspects of corporate governance
In its analysis, Incatema has identified the following material aspects:
1 Fight against climate change. The implementation and certification

of an environmental management system based on the requirements
of the ISO 14001 standard allows Incatema to identify the
environmental impacts of the its projects, and to establish the
necessary processes and controls in its objective of helping to reverse
climate change in the countries where the projects are implemented.
2 Development and economic growth of communities in developing

countries. Incatema considers that one of the objectives of
implementing safe and reliable infrastructure contributes to the
economic growth of the countries in which the projects are executed.
For this reason, priority is given to the population and suppliers of the
country in which the project is located for the execution of the
projects and the supply of the materials necessary for their
development.
3 Sustainable production (construction). Because of its commitment

to the fight against climate change, Incatema designs projects with a
view to greater energy efficiency and the use of materials that
minimise the consumption of natural resources and come from
sustainable and environmentally friendly sources.
4 Health and safety at work. The health and safety of workers is an

essential aspect for Incatema, which is why, in addition to complying
with local legislation, it transfers to the countries in which the projects
are carried out the same legal requirements that are required in Spain
by current legislation on occupational risk prevention. The control of
this requirement is carried out through the processes and indicators
established in the occupational health and safety management
system, based on the requirements of the ISO 45001 standard.

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5
Ethical and responsible management. Fight against corruption
and bribery. In the development of its activity, Incatema frequently
interacts with public administrations of various countries. For this
reason, it is considered essential to create a corporate culture of
ethical and responsible management that is known and implemented
by all its staff. The control of this requirement is carried out through
the processes and indicators established in the compliance
management system, based on the requirements of ISO 37001 and
UNE 19601 standards.
6 Regulatory compliance. Along these same lines, identifying the

legislation in force in each and every one of the countries in which
Incatema works in is essential for its success. The control of this
requirement and the evaluation of compliance is carried out through
the processes and indicators established in the compliance
management system, based on the requirements of ISO 37001 and
UNE 19601 standards.
7 Human rights. Incatema carries out its projects in a large number of

countries in America and Africa, with less demanding legislation in
relation to several of the human rights recognised by the United
Nations. The importance of defending the human and labour rights of
the people who work in the organisation, and of the final beneficiaries
of the infrastructure carried out, is an inalienable aspect. Incatema is
a signatory to the 10 Principles of the United Nations Global Compact.
8 Cooperation (partnership development). Incatema significantly

values collaboration and alliances with national and international
institutions that provide added value for the development of projects.

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10
2 1
9
3
8
5 6 4 SUSTAINABILITY REPORT 2022 - 2023
7
8 7
6
4
After identifying the material aspects, Incatema assessed each of them to
define the degree of significance. This assessment, which considers their
3
Imp act o para la socied ad
impact on society, especially for the communitieswithin projects aera of
2 influence, and the impact on the company itself in terms of the resources
1 required to achieve them, has enabled the definition of the following
0 materiality matrix:
0 1 2 3 104 5 6 7 8 9 10
2 1
9
Impacto para INCATEMA
3
8
5 6 4
Impacto para la sociedad
7
8 7
6
0
0 1 2 3 4 5 6 7 8 9 10
Impacto para INCATEMA
STAKEHOLDERS
Incatema considers its stakeholders as one of the factors that positively
influence the company's productivity. Since obtaining synergies is a key
aspect in any company, identifying stakeholders, what they oversee and how
they impact the company, is essential to develop an efficient and
coordinated working environment.
The process of identifying stakeholders’ needs and expectations involves all

corporate units, which provide the information gathered from all the years
of accumulated experience.
 Shareholders. Incatema's shareholders.
 Investors. Entities interested in the development of Incatema's

activity and that decide to financially support the projects Incatema
develops. They value Incatema's commitment to the sustainable
development of the regions where the projects are implemented.

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 Clients. Entities for which Incatema develops projects. Likewise, they

value the sustainable development of the communities that benefit
from the projects.
 Staff. Professionals who make up Incatema's staff.
 Subcontractors. Entities or professionals to whom Incatema entrusts

the execution of certain works within the projects. Sometimes, these
are entities or professionals established in the country or community
where the projects are carried out. Incatema is clearly committed to
the growth of these communities and local commerce.
 Business partners. Entities with which Incatema forms temporary

joint ventures (UTEs) or other forms of association for the
development of projects.
 Suppliers. They form part of the supply chain and therefore are
closely linked to the company. In the search for suppliers, Incatema
analyses and evaluates their commitment to the environment (carbon
footprint, management of raw materials of sustainable origin, etc.), to
local communities and to ethical employment. Generally, these are
entities or professionals based in the country from which the projects
are financed, although they are also contracted in third countries or
in the countries or communities where the projects are developed.
Incatema is clearly committed to the growth of these communities and
local trade.
 Financial entities. Insurance and banking entities that allow Incatema

to develop its projects globally.
 Competence. Entities that develop projects similar to Incatema.
 Public administrations. Public bodies and entities in the countries in

which Incatema develops its projects, with which a constant
relationship is maintained to ensure the success of the projects.
 Local communities. Regions or areas benefiting from the work

carried out. Incatema is fully aware of the role it plays in the growth
and sustainable development of local communities. Hence, one of the

27
company's main objectives is the fight against poverty in the countries

where it is present.
 Media. In a world where information travels freely through the media,

information management has become a crucial activity for companies.
Therefore, communication with the relevant media players is
important to try to ensure the veracity of all information concerning
the company.
 Partnerships. Incatema seeks to sign bi-national partnerships in

order to acquire more information, experiences and collaboration
around the countries and regions where a project will be developed.
RISKS AND OPPORTUNITIES

The identification of risks and opportunities and the evaluation of their
impacts is carried out in Incatema with the participation of all internal areas.
Incatema classifies risks into:
 Environmental risks. Risks associated with the environmental impact

of its activity in the office and in the execution of the projects it carries
out. The main environmental impacts are associated with the
management of waste generated in the development of projects,
although this is not identified as a significant risk.
The control of environmental impacts is carried out on the basis of

the requirements established by the ISO 14001 standard for the
implementation of an environmental management system, developed
by Incatema and certified by an accredited entity.
 Risks relating to the health and safety of workers. Particularly for

those who carry out works in countries where legislation on the
prevention of occupational risks is more lax or non-existent.
 Compliance risks. Risks associated with ethical and responsible

management, in particular compliance with current legislation. The
main risks arise from the difficulty in identifying legal requirements
in some of the countries where Incatema operates.

28
In order to control compliance risks, Incatema has implemented and

certified a criminal compliance management system based on the UNE
19601 standard.
 Reputational risks. Risks derived from actions carried out by

Incatema or other companies in the sector that directly or indirectly
have an impact on the reputation and credibility of the company. They
are generally associated with news published in the press.
Incatema does not identify any significant reputational risk.
 Financial risks. Risks associated with the economic and financial

capacity to carry out projects. These risks refer to the relationship
with the financial institutions with which Incatema has commercial
relations.
Incatema does not identify any significant financial risk.
Incatema has implemented and certified an occupational health and

safety management system based on the requirements of ISO 45001.

29
COMMITMENT TO SUSTAINABLE DEVELOPMENT

5
AND THE SDGs
Incatema has a clear and firm commitment to the 2030 Agenda and the
Sustainable Development Goals (SDGs) it defines. It believes that
engineering and technology can contribute to improving well-being from a
more sustainable and environmentally friendly perspective.
Therefore, in its ESG performance, Incatema always includes in all its

projects actions aligned with at least three of the sustainable development
goals defined by the United Nations.
In its contribution to sustainable development, Incatema:
 Values and improves water resources

 Improves livelihoods in developing countries through the types of
projects it implements
 Includes green energy into projects
 Advocates fair trade through competent markets and local markets.
In analysing the material aspects, Incatema has identified nine SDGs on

which it can have an impact in its activity:
Incatema is firmly committed to the economic growth and

development of the countries where it operatesand the
people who live there. The staff hired in the offices located
outside Spain and some of the subcontractors and suppliers
of the projects, are from the regions and communities where
the projects are carried out.

30
The agri-food projects that Incatema designs, implements,

maintains and operates contribute significantly to the goal
of eradicating hunger. The focus is on promoting food
security and sustainable development by implementing
innovative agricultural and agro-industrial projects in
developing countries, working closely with local
communities and governments to improve agricultural
production, strengthen food supply chains, reduce post-
harvest losses and promote sustainable agricultural
practices. In addition, the company is committed to
improving access to nutritious food and boosting economic
development in vulnerable regions, thereby making a
significant contribution to the eradication of hunger and
poverty in the world.
Incatema has implemented and certified an occupational

health and safety management system that meets the
requirements of ISO 45001 standard. This is a
demonstration of Incatema's commitment to the health and
safety of its entire workforce, especially those who carry
out their tasks in the execution of projects.
Some of the infrastructures built by Incatema are aimed at

supplying drinking water to the regions and communities
in which they are developed. Incatema has a clear
commitment to people's health.
With the development of its projects in less developed

countries and communities, Incatema seeks to provide
them with the necessary infrastructure to achieve a better
quality of life.
Incatema is firmly committed to the economic growth and

sustainable development where they operate. The fight
against climate change, the promotion of a circular
economy and the protection of the environment mark
Incatema's course of action.

31
Incatema is aligned with the objective of combating climate

change as a means of achieving the goals of reducing the
planet's temperature and moving towards a circular
economy that allows the reuse of materials.
In the development of projects related to fisheries and

aquaculture, Incatema seeks sustainability and the
preservation of biodiversity.
For Incatema, alliances with associations in the sector and

with public and private organisations and bodies generate
synergies that improve the success of projects. For this
reason, it has signed various agreements with entities
equally committed to sustainability, such as the FAO and
Fundación La Caixa (more information in the section on
ALLIANCES, page 44 of this report).

32
6 GOOD CORPORATE GOVERNANCE
True to its commitment to sustainable development and its support for the
sustainability initiatives of the United Nations, Incatema has completed its
adherence to the 10 Principles of the Global Compact during the 2023
financial year.
ETHICAL AND RESPONSIBLE MANAGEMENT

Incatema has a very strict code of conduct in terms of ethical, social and
environmental principles. It affects all stakeholders and are required all of
know, understand and respect this and this includes: staff, managers,
suppliers, subcontractors, customers or any third party that has a legal
relationship with Incatema.
The code of conduct is directly involved with the following points and can
be consulted in this document on the Incatema website:
 Quality and excellence.

 Anti-bribery and corruption.
 Confidentiality and transparency.
 Law Enforcement and Human Rights.
 Protection and promotion of human resources.
 Commitment, efficiency and professional development.
 Respect and commitment to the community and the environment.
In the period 2022 - 2023 Incatema does not record any breach of the
principles and values of its code of conduct.
TRANSPARENCY
Responsible management also extends to a commitment to transparency in
ESG performance and sustainability.
Incatema is not obliged to present the Statement of Non-Financial

Information regulated by Law 11/2018 of 28 December. However, for the
sake of its commitment to transparency, this report was prepared taking the

33
GRI standards as a reference, and incorpotating, the information

requirements of the aforementioned law 11/2018.
In 2024, Incatema will incorporate the UN Global Compact's 10 Principles

Progress Report to its commitment to transparency.
HUMAN RIGHTS
Incatema has a clear commitment to thefdefend the human rights of all, ,
including the labour rights of its workers and those of the companies that
collaborate with Incatema.
In order to ensure respect for the human and labour rights of workers,
Incatema applies European standards in the recruitment processes in all
countries its operates in.. The aim is to ensure that there is no child or
forcedlabour , and to apply the protocols for the prevention of forced labour
and harassment in the workplace, in accordance with the values, principles
and requirements established in the Code of Ethics.
This commitment is underpinned by the recent adherence to the 10

Principles of the United Nations Global Compact.
In the period from 1 January 2022 to 31 December 2023, there are no

complaints of human rights or labour rights violations.
FIGHT AGAINST CORRUPTION AND BRIBERY
Incatema has implemented a compliance management system, with which it

manages and controls compliance for all legal and voluntary requirements.
The compliance management system (certified by AENOR in accordance with

the requirements of the UNE 19601 and ISO 37001 standards) is
complemented by the principles and values of ethical and responsible
management included in the code of conduct. In addition, Incatema has an
approved policy on gifts, donations and other similar benefits, which
establishes the prohibition of receiving or giving gifts.

34
Adherence to the 10 Principles of the Global Compact during the 2023

financial year only reinforces this commitment to fight against all forms of
corruption and bribery.
In the period 2022 - 2023 there are no reports of corruption, bribery or non-
compliance with legal or voluntary requirements.
MONEY LAUNDERING PREVENTION
The commitment to money laundering prevention is reflected in the code of

conduct and the policies related to the compliance model implemented by
Incatema.
In the period 2022 - 2023 Incatema has not recorded any money laundering
activity.

35
7 ENVIRONMENTAL PERFORMANCE
Incatema ensures sustainable management for all projects, and seeks to

reconcile society, natural resources and economic well-being, as well as the
essential principles of a circular economy: reducing, reusing and recycling.
In addition, Incatema includes in its production process:
 Protection of the natural environment and ecosystems, and

biodiversity.
 Rationalisation of water use and management.
 Pollution prevention.
 The promotion of energy saving and efficiency.
 Responsible use of natural resources.
APPROACH
Incatema is fully aware of the environmental challenges faced by the planet
and humanity, especially the fight against climate change, which affects the
disadvantaged and vulnerable populations in the countries where the
company operates.
Incatema identifies the environmental aspects inherent to each of the

projects it carries out and identifies and evaluates the environmental impact
generated by their development with the aim of reducing and mitigating
environmental risks.
In relation to internal environmental performance, it transfers the same

principles of reduction and mitigation to the development of the functions
carried out by Incatema's staff, establishing actions and objectives in
relation to the responsible consumption of natural resources, waste
management and the control of greenhouse gas emissions generated.
In order to manage and control the impact of its environmental aspects,

Incatema has an environmental management system that complies with the
requirements of ISO 14001 standard, as certified by AENOR.

36
SHORT, MEDIUM AND LONG-TERM POLICIES AND ACTION

PLANS
Incatema has an approved policy that defines the following environmental
commitments:
 Reducing the environmental impact of all our activities

 Protecting the environment, including the prevention of pollution
and the sustainable use of resources
 Complying with all applicable regulatory and environmental
compliance obligations in the management of our operations
Environmental aspects. Incatema's environmental management system

identifies the following environmental aspects:
 Consumption of natural resources

 Waste generation
 Pollution
 Biodiversity
Resources. Incatema has designated a unit responsible for the

environmental management system, with responsibility and authority in
relation to the control and monitoring of environmental performance.
All projects carried out by Incatema begin with an environmental impact

study. Environmental risks are covered by the general civil liability policy
taken out by the company. As a result, Incatema does not require a specific
item in its budget for environmental performance.
Precautionary Principle. Through its ISO 14001 environmental

management system, Incatema establishes controls to mitigate or reduce
risk and its environmental impact.
Incatema takes out “All-Risks Construction Insurance” for each project,

which covers any eventuality that may occur during the execution of the
project, including environmental damage.

37
ENVIRONMENTAL INDICATORS. EVOLUTION

The information below only includes data from the head office in Spain.
Consumption of natural resources

 Electricity
kWh kWh/employee
2023: 33,100 662

2022: 32,400 675
2021: 31,300 -----------
According to the information on energy sources provided by the utility

company, it can be stated that 33% of Incatema's electricity consumption
in 2023 came from renewable energy sources, compared to 16.1% in
2022.
Consumption has been adjusted between years due to differences in

metering and billing cycles.
 Water
Incatema monitors bottled water consumption.
Number of
Bottles/employee
bottles
2023: 302.40 2023: 6.05

2022: 360.00 2022: 7.50
The bottled water is purchased from Auara, a company that is committed

to caring for its springs and sustainably managing natural resources. All
their bottles contain 10% reused plastic and are fully recyclable. This
company allocates all of its dividends to projects that bring drinking
water to the disadvantaged communities.

38
 Paper
Ton Ton/employee
2023: 0.299 2023: 0.006

2022: 0.723 2022: 0.015
2021: 0.798 2021: --------
All paper consumed by Incatema is white, non-recycled paper.
Circular economy. Waste prevention and management

Through its ISO 14001 environmental management system, Incatema
segregates the waste it generates in the course of its activities, which is
removed and managed according to the nature of the waste itself.
 Paper and cardboard (Kgs)

Managed/
Collected Managed
used
2023 108 100% 2.16
2022 75 100% 1.56
2021 73 100% ----
Paper and cardboard waste is deposited in common containers set up

in facilities where Incatema's offices are located. Prior to disposal, the
waste generated is weighed and recorded for control and monitoring
purposes.

39
 Cells and batteries (units)

Managed/
Collected Managed
used
2023 128 100% 2.56
2022 100 100% 2.08
2021 sd sd sd
The removed batteries are deposited in the corresponding municipally

suppliedcontainers.
 Coffee capsules (units)

Managed/
Collected Managed
used
2023 100% 2.56
2022 100% 2.08
2021 sd sd sd
The waste coffee capsules are handed over to the supplier for
disposal.
 Toner and ink cartridges (units)

Managed/
Collected Managed
used
2023 100% 2.56
2022 38 100% 2.08
2021 116 100% ----
Empty toner and ink cartridges are removed and managed by a

company certified for the collection of this type of waste.
 Other waste:
Plastic: Incatema deposits the consumed water bottles in yellow bins

located in the general facilities of the office building.

40
IT equipment: No IT equipment has been replaced in the period 2022

- 2023.
Furniture: In the period 2022 - 2023 no waste was generated by the

replacement of office furniture.
Fluorescent tubes: Incatema's offices are equipped with a LED lighting

system, so it does not generate waste from the replacement of
fluorescent tubes.
Pollution prevention. Emissions

Incatema does not have its own fleet of cars and therefore does not generate
direct Scope 1 emissions.
Indirect Scope 2 emissions from electricity consumption were as follows:
Emission Ton CO2

kWh consumed
factor (*) equivalent
2023 33,100 0.272 9.00
2022 32,400 0.272 8.81
2021 31,300 0.258 8.08
(*) Emission factors declared by the Ministry of Ecological Transition. For 2023 consumption, the
emission factor for 2022 is applied as the corresponding factor for that year had not been
published as of the date of preparation of this report.
In 2023, Incatema began to study the indirect Scope 3 emissions produced

in the development of its activity. The aim is to have the necessary
information by 2024 to calculate the carbon footprint produced by
employees traveling to their work centres and business trips.
Biodiversity
Certain projects carried out by Incatema may have an impact on biodiversity.
For this reason, the risks to different species that could be affected are
identified, and the necessary measures are established to avoid the risk or
minimise the impact.

41
During the period from 1 January 2022 to 31 December 2023, Incatema did
not record any incidents related to biodiversity..

42
8 EMPLOYMENT AND INDUSTRIAL RELATIONS
APPROACH
In its commitment to the economic growth and sustainable development of
the countries and communities, Incatema hires people locally..
With the exception of specific contracts for short-term projects and in the
delegations and subsidiaries in other geographies, Incatema is committed
to quality work, which is why the entire local workforce has a permanent
contract, as required by Spanish labour legislation since 2022.
SHORT, MEDIUM AND LONG-TERM POLICIES AND ACTION

PLAN
Incatema's management is committed to continuity in the labour relations
model, adapted at all times to the new legal requirements that may be
approved by the authorities in each country.
INDICATORS. EVOLUTION
 Employment
At year-end 2023, Incatema employed 101 people, an increase of ten
percent over the previous year-end.
30.7% of the workforce were women at the end of 2023 (20.7% at the end of
2022).
The breakdown of the workforce by professional group, sex and age bracket
is shown in the table below:
PROFESSIONAL BETWEEN 30 AND

UNDER 30 OVER 50 TOTAL
GROUP 50 YEARS OLD
SEX 2023 2022 2023 2022 2023 2022 2023 2022
DIRECTORS 0 0 1 2 2 1 3 3

43
PROFESSIONAL BETWEEN 30 AND

UNDER 30 OVER 50 TOTAL
GROUP 50 YEARS OLD
SEX 2023 2022 2023 2022 2023 2022 2023 2022
Women 0 0 0 0 0 0 0 0
Men 0 0 1 2 2 1 3 3
UNIVERSITY
5 3 34 36 14 12 53 51
GRADUATES
Women 1 0 9 7 1 1 11 8
Men 4 3 25 29 13 11 42 43
GRADUATES 5 4 9 10 2 2 16 16
Women 2 2 5 6 1 0 8 8
Men 3 2 4 4 1 2 8 8
SUPERIOR CHIEF 0 0 1 1 2 4 3 5
Women 0 0 0 0 0 0 0 0
Men 0 0 1 1 2 4 3 5
FIRST OFFICER 0 5 5 3 4 0 9 8
Women 0 0 1 1 0 0 1 1
Men 0 5 4 2 4 0 8 7
SECOND OFFICER 1 1 11 1 4 1 16 3
Women 1 0 6 0 3 0 10 0
Men 0 1 5 1 1 1 6 3
ADMINISTRATIVE
1 0 0 6 0 0 1 6
ASSISTANT
Women 1 0 0 2 0 0 1 2
Men 0 0 0 4 0 0 0 4
TOTAL 12 13 61 59 28 20 101 92
Women 5 2 21 16 5 1 31 19
Men 7 11 40 43 23 19 70 73
 Staff with disabilities

Incatema's workforce in Spain includes one employee with a disability.
 Diversity
Incatema is committed to and promotes diversity in its workforce by hiring
people originating or residing in the countries where its work centres and
projects are located.
 Types of contract
Contracts are in line with the labour legislation required in the countries of
operation. This is the reason why in Spain all contracts for staff based in the
Madrid headquarters are indefinite and, in other geographies, contracts are
temporary. Considering this situation, at the end of 2023, 53% of the total
workforce of the group of companies, branches and subsidiaries will have
permanent contracts.
2023 2022

44
TYPE OF CONTRACT WOMEN MEN TOTAL WOMEN MEN TOTAL

INDEFINITE 16 37 53 12 40 52
Board Members and
3 3 3 3
Executives
Graduates 10 24 34 8 21 29
Middle graduates 4 1 5 3 4 7
Senior management 3 3 5 5
First officers 1 6 7 1 6 7
Seconded officers 1 1
Administrative 1 1
TEMPORARY 15 33 48 7 33 40
Board Members and
Executives
Graduates 1 18 19 22 22
Middle graduates 4 7 11 5 4 9
Senior management 0 0
First officers 2 2 1 1
Seconded officers 10 6 16 2 2
Administrative 0 2 4 6
TOTAL 31 70 101 19 73 92
 Working hours
At Incatema, all workers work full-time, with the possibility of taking
reducing hours as per the current Spanish legislation. During the period
2022 - 2023, three women took advantage of reduced working hours for
childcare purposes.
 Health and safety

During the period from 1 January 2022 to 31 December 2023, two
occupational accidents were recorded that did not requireleave of absence;
one in each of the years of the period. Both accidents occurred in itinere, on
the way to work, and had no adverse consequences. Both wereconsidered
minor incidents that did not cause leave of absence or modification to
working conditions.
 Training
During the period 2022 - 2023, Incatema has carried out training actions
related to professional specialisation, occupational health and safety,
compliance and languages. The management and staff spent a total of 1,825
hours on training during this period. 76% of the hours corresponded to
language training actions.

45
9 SOCIETY
SUPPLIERS
Incatema's purchasing policy for goods and services is based on local trade,
by contracting local suppliers, and always respecting the limits imposed by
the export credit insurance agencies that insure the financing of the
projects.
To the best possible extent, Incatema conveys to suppliers its commitment

to sustainability and ethical and responsible management, through its
environmental management system and its compliance management
system.
During the period 2022 - 2023, Incatema does not record any significant
incidents with suppliers.
CUSTOMERS
Economic growth, sustainable development and the safety and health of
communities and end beneficiaries are the requirements of the projects
being implemented.
Due to the nature of its projects, Incatema does not carry out customer or
end-user satisfaction surveys. Their response is measured by the number of
complaints and claims received during the execution of the project and in
the period after its delivery.
The best proof of the satisfaction of Incatema's clients is the contracting of

new projects, something that happens frequently and allows Incatema's
ongoing presence in its main countries of activity.
Incatema did not register any complaints or claims during the period from
1 January 2022 to 31 December 2023.
ALLIANCES

46
In accordance with the policy of collaborations and

alliances, Incatema is always looking for complementary
partners who have experience in different sectors, and
specific subject matter expertise, which allows us to offer
a wide range of technical assistance services.
During the period 2022 - 2023, Incatema has had the following active
alliances:
 Agrónomos sin fronteras: The aim of this alliance is to reduce

poverty through agricultural activity. It is linked to the prestigious
School of Agricultural, Food and Biosystems Engineering in Madrid.
 AUARA: Social enterprise aimed at achieving access to drinking water

for societies in extreme poverty.
 Exporters and Investors Club: An independent, multi-sector

business association. Its objective is to represent and defend the
interests of its members related to their international activity.
 Entrepreneurs' Circle: Aims to increase the value of entrepreneurs

and companies.
 CEOE: Spanish organisation comprising public and private companies

from all activities and sectors.
 CEPYME: Professional organisation of a national confederation and

intersectoral nature. Its objective is to defend, represent and promote
the interests of SMEs.
 FAO: UN organisation that specialises in international activities aimed

at eradicating hunger.
 Fundación La Caixa: Alliance for Childhood Vaccination, an initiative

of 'la Caixa.
 Tecniberia: Spanish association of engineering, consultancy and

technological services companies.

47
10 ABOUT THIS REPORT
EXTENSION
The information included in this report covers the period from 1 January
2022 to 31 December 2023.
PRINCIPLES FOR SUSTAINABILITY REPORTING
 Disclosure of significant information: The information included in

this report is necessary to know the policies approved and actions
carried out by Incatema in relation to its ESG performance, and the
impact derived from these policies and actions and their evolution
with respect to previous years.
 Accurate, balanced and comprehensible information: The

information used by Incatema to prepare this report is obtained from
reliable sources and accurately reflects the ESG risks and
opportunities arising from its activity.
The use of sector-specific terminology has been eliminated wherever

possible in order to make it easily understandable for all stakeholders.
Wherever possible, information on the impact of policies and
strategies is presented in tables and graphs.
Incatema has not submitted this report for independent external

verification.
 Comprehensive and concise information: Significant ESG

performance information is reported in this report. The reporting
requirements of the Global Reporting Initiative (GRI) standards have
been followed.
Where information was not available for one of the issues, an

indicative and explanatory text explaining the reason for the omission
has been included.
To avoid repetition of information, cross-references have been used

within the Report itself, indicating the page on which the same

48
information can be found. In the case of external references, the

document, heading or web address where the information can be
found or expanded is indicated.
 Strategic and forward-looking information: Information has been

included on the objectives defined in relation to ESG aspects and the
results achieved. Whenever the necessary content is available, the
results obtained in previous years have also been reported in order to
provide information on the evolution and progress of ESG
performance. This document is the first Sustainability Report
prepared by Incatema.
 Stakeholder-oriented information: Incatema uses different tools to

collect comments, suggestions and complaints from stakeholders.
 Consistent and systematic reporting: The Sustainability Report is

aligned with the management report for the same year, to which
reference is made when the content so requires.
 Respect for privacy and the right to protection of personal data:

In preparing the report, current legislation on the protection of
personal data has been taken into account so information that violates
the privacy of stakeholders is not presented.

49
CONTACT DETAILS
For any information required in relation to this report, Incatema provides
the following contact details:
Incatema Consulting & Engineering

Eurocentro Building
Poeta Joan Maragall, 1 Floor 10
Madrid, 28020
Telephone: +34 91 353 05 20
E-mail: [email protected]

50
11 TABLE OF CONTENTS
In order to facilitate the search for the information contained in this report,
the following pages include a table indicating where in the document the
information related to each indicator can be found. In cases where the
information required is not significant, a short text is included in the same
table explaining how Incatema addresses performance in that area.

51
GLOBAL
GRI DESCRIPTION SDG CHAPTER PAGE
PACT
1 - FUNDAMENTALS
2 - GENERAL CONTENTS
3. ABOUT INCATEMA 9 to 14
2.1 Organisational details ---- ----
10. ABOUT THIS REPORT. Contact details 48
2.2 Entities included in the report ---- ---- 3. ABOUT INCATEMA 9
2.3 Reporting period, periodicity and point of contact ---- ---- 10. ABOUT THIS REPORT. Extension 48
2.4 Updating of information ---- ---- 10. ABOUT THIS REPORT 48 and 49
Incatema does not submit this report for
2.5 External verification ---- ---- ----
independent expert verification.
4. OUR BUSINESS MODEL 15 to 29
2.6 Activities, value chain and other business relationships ---- ----
5. SOCIETY. Alliances 30
8. EMPLOYMENT AND INDUSTRIAL
2.7 Employees ---- ---- 43 to 44
RELATIONS
2.8 Non-employee workers ---- ---- 43 to 44
RELATIONS
2.9 Governance structure and composition ---- ---- 3. ABOUT INCATEMA 11 to 14
2.10 Appointment and selection of the highest governance body ---- ---- 3. ABOUT INCATEMA 11to 14
2.11 Chairman of the highest governing body ---- ---- 3. ABOUT INCATEMA 11 to 14
Role of the highest governance body in overseeing the
2.12 ---- ---- 3. ABOUT INCATEMA 11 to 14
management of impacts
2.13 Delegation of responsibility for impact management ---- ---- 3. ABOUT INCATEMA 11 to 14
2.14 Role of the highest governance body in sustainability reporting ---- ---- 3. ABOUT INCATEMA 11 to 14
Incatema has implemented and certified a
2.15 Conflicts of interest ---- ---- compliance management system based on ----
international standards.
2.16 Communication of critical concerns ---- ---- compliance management system based on ----
2.17 Collective knowledge of the highest governance body ---- ---- 3. ABOUT INCATEMA 11 to 14
Incatema does not carry out a specific
2.18 Performance evaluation of the highest governance body ---- ---- performance evaluation of governing body ----
members.
Remuneration at Incatema is defined by the
2.19 Remuneration policies ---- ---- collective bargaining agreement applicable ----
in each case.
Remuneration at Incatema is defined by the
2.20 Process for determining remuneration ---- ---- collective bargaining agreement applicable ----
in each case.

52
GLOBAL
PACT
For strategic reasons, Incatema does not

2.21 Total annual compensation ratio ---- ---- ----
disclose its remuneration policy.
5. COMMITMENT TO SUSTAINABLE
2.22 Sustainable Development Strategy Statement ---- ---- 29 to 31
DEVELOPMENT AND THE SDG
2.23 Commitments and policies ---- 16 6. GOOD CORPORATE GOVERNANCE 33 to 35
2.24 Mainstreaming commitments and policies ---- 16 6. GOOD CORPORATE GOVERNANCE 33 to 35
2.25 Processes to remedy negative impacts ---- 16 6. GOOD CORPORATE GOVERNANCE 33 to 35
2.26 Mechanisms for seeking advice and raising concerns ---- 16 compliance management system based on ----
2.27 Compliance with legislation and regulations ---- 16 compliance management system based on ----
Incatema does not promote or restrict
2.28 Membership of associations ---- ---- membership of its management and staff to ----
associations.
2.29 Approach to Stakeholder Engagement ---- ---- 4. OUR BUSINESS MODEL. Stakeholders 26 to 28
Incatema's labour relations are regulated by
2.30 Collective bargaining agreements ---- ---- ----
the office and office workers' agreement.
3 - MATERIAL ISSUES
3.1 Process of determining the material issues ---- ---- 4. OUR BUSINESS MODEL. Materiality 22 to 26
3.2 List of material items ---- ---- 4. OUR BUSINESS MODEL. Materiality 22 to 26
3.3 Management of material issues ---- ---- 4. OUR BUSINESS MODEL. Materiality 22 to 26
201 - ECONOMIC PERFORMANCE
2. HIGHLIGHTS OF THE PERIOD 2022-2023.
9
201-1 Direct economic value generated and distributed ---- ---- Key figures
15 to 21
4. OUR BUSINESS MODEL
Financial implications and other risks and opportunities arising Principles 4. OUR BUSINESS MODEL. Risks and
201-2 13 28 and 29
from climate change 7, 8 and 9 opportunities
Incatema has no obligations for benefits or
201-3 Defined benefit and other pension plan obligations ---- ---- ----
retirement plans.
Incatema does not receive public subsidies
201-4 Financial assistance received from the government ---- ---- ----
or aid
202 - MARKET PRESENCE
Proportion of senior executives recruited from the local 5. COMMITMENT TO SUSTAINABLE
202-2 ---- 10 30
community DEVELOPMENT AND THE SDG
203 - INDIRECT ECONOMIC IMPACTS

53
GLOBAL
PACT
203-1 Investments in infrastructure and services supported ---- ---- 4. OUR BUSINESS MODEL 15 to 21
Incatema does not assess the indirect
203-2 Significant indirect economic impacts ---- ---- ----
impact generated by the investments made.
204 - SOURCING PRACTICES
204-1 Proportion of expenditure on local suppliers 9. SOCIETY. Suppliers 46
205 - ANTI-CORRUPTION
205-1 Operations assessed for corruption-related risks 16 6. GOOD CORPORATE GOVERNANCE 33 to 35
Communication and training on anti-corruption policies and Principle 33 to 35
205-2 16 6. GOOD CORPORATE GOVERNANCE
procedures 10
205-3 Confirmed incidents of corruption and measures taken 16 6. GOOD CORPORATE GOVERNANCE 33 to 35
206 - UNFAIR COMPETITION
Incatema has not initiated any legal action
arising from unfair competition from its
Legal actions relating to unfair competition and monopolistic Principle
206-1 16 competitors. Nor has Incatema been ----
and anti-competitive practices 10
charged for actions considered as unfair
competition.
207 - TAXATION
207-1 Fiscal approach ---- ----
207-2 Fiscal governance, control and risk management ---- ---- compliance management system that ----
Stakeholder engagement and management of stakeholder monitors strict compliance with the law.
207-3 ---- ----
concerns on tax issues
301 - MATERIALS
7. ENVIRONMENTAL PERFORMANCE.
Principles
301-1 Materials used by weight or volume 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
301-2 Recycled inputs used 13 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
301-3 Recovered products and packaging materials 13 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
302 - ENERGY
Principles
302-1 Energy consumption within the organisation 9 and 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources

54
GLOBAL
PACT
Principles
302-2 Energy consumption outside the organisation 9 and 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
302-3 Energy intensity 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
302-4 Reduction of energy consumption 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Reducing the energy requirements of products and Principles
302-5 12 Pollution prevention. Consumption of 37 and 38
services 7, 8 and 9
natural resources
303 - WATER AND EFFLUENTS
Principles
303-1 Interaction with water as a shared resource 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
303-2 Management of impacts related to water discharges 6 and 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
303-3 Water abstraction 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
303-4 Water discharge 6 and 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
Principles
303-5 Water consumption 12 Pollution prevention. Consumption of 37 and 38
7, 8 and 9
natural resources
304 - BIODIVERSITY
Operational sites owned, leased or managed within or adjacent
Principles 7. ENVIRONMENTAL PERFORMANCE.
304-1 to protected areas or areas of high biodiversity value outside 14 and 15 41
7, 8 and 9 Pollution prevention. Biodiversity
protected areas
Significant impacts of activities, products and services on Principles 7. ENVIRONMENTAL PERFORMANCE.
304-2 14 and 15 41
biodiversity 7, 8 and 9 Pollution prevention. Biodiversity
304-3 Protected or restored habitats 14 and 15 41
7, 8 and 9 Pollution prevention. Biodiversity

55
GLOBAL
PACT
Species on the IUCN Red List and on national conservation lists Principles 7. ENVIRONMENTAL PERFORMANCE.
304-4 14 and 15 41
whose habitats occur in areas affected by operations 7, 8 and 9 Pollution prevention. Biodiversity
305 - EMISSIONS
305-1 Direct GHG emissions (Scope 1) 13
7, 8 and 9 Pollution prevention. Emissions 41
305-2 Indirect GHG emissions associated with energy (Scope 2) 13
305-3 Other indirect GHG emissions (scope 3) 13
305-4 GHG emissions intensity 13
305-5 Reduction of GHG emissions 13
305-6 Emissions of Ozone Depleting Substances (ODS) 13
Nitrogen oxides (NOx), sulphur oxides (SOx) and other Principles 7. ENVIRONMENTAL PERFORMANCE.
305-7 13 41
significant emissions to air 7, 8 and 9 Pollution prevention. Emissions
306 - WASTE
Principles
306-1 Waste generation and significant waste-related impacts 13
Pollution prevention. Waste prevention and 39 and 41
7, 8 and 9
management
Principles
306-2 Management of significant waste-related impacts 13 Pollution prevention. Waste prevention and 39 and 41
7, 8 and 9
management
Principles
306-3 Waste generated 13 Pollution prevention. Waste prevention and 39 and 41
7, 8 and 9
management
Principles
306-4 Wastes not destined for disposal 13 Pollution prevention. Waste prevention and 39 and 41
7, 8 and 9
management
Principles
306-5 Waste for disposal 13 Pollution prevention. Waste prevention and 39 and 41
7, 8 and 9
management
308 - ENVIRONMENTAL ASSESSMENT OF SUPPLIERS

56
GLOBAL
PACT
New suppliers that have passed selection filters according to Principles

308-1 12 9. SOCIETY. Suppliers 45
environmental criteria 7, 8 and 9
Negative environmental impacts in the supply chain and Principles There have been no negative impacts
308-2 12 ----
measures taken 7, 8 and 9 caused by the performance of suppliers.
401 - EMPLOYMENT
Principles
401-1 Recruitment of new employees and staff turnover 3, 4, 5 5 and 8 43 to 45
RELATIONS
and 6
Principles
Benefits for full-time employees that are not provided to part- 8. EMPLOYMENT AND INDUSTRIAL
401-2 3, 4, 5 5 and 8 43 to 45
time or temporary employees. RELATIONS
and 6
Principles
401-3 Parental leave 3, 4, 5 5 and 8 43 to 45
RELATIONS
and 6
402 - EMPLOYEE-MANAGEMENT RELATIONS
Principles
Incatema does not have defined minimum
402-1 Minimum notice periods for operational changes 3, 4, 5 8 ----
notice periods for operational changes.
and 6
403 - HEALTH AND SAFETY AT WORK
Principles
403-1 Occupational health and safety management system 3, 4, 5 3 43 to 45
RELATIONS
and 6
Principles
Hazard identification, risk assessment and incident 8. EMPLOYMENT AND INDUSTRIAL
403-2 3, 4, 5 3 43 to 45
investigation RELATIONS
and 6
Principles
403-3 Occupational health services 3, 4, 5 3 43 to 45
RELATIONS
and 6
Principles
Worker participation, consultation and communication on 8. EMPLOYMENT AND INDUSTRIAL
403-4 3, 4, 5 3 43 to 45
occupational health and safety at work RELATIONS
and 6
Principles
403-5 Training of workers on occupational health and safety at work 3, 4, 5 3 43 to 45
RELATIONS
and 6
Principles
403-6 Promoting workers' health 3, 4, 5 3 43 to 45
RELATIONS
and 6

57
GLOBAL
PACT
Principles
Prevention and mitigation of occupational health and safety 3, 4, 5 8. EMPLOYMENT AND INDUSTRIAL 43 to 45
403-7 3
impacts directly linked through business relationships and 6 RELATIONS
Principles
Coverage of the occupational health and safety management 8. EMPLOYMENT AND INDUSTRIAL
403-8 3, 4, 5 3 43 to 45
system RELATIONS
and 6
Principles
403-9 Injuries due to accidents at work 3, 4, 5 3 43 to 45
RELATIONS
and 6
Principles
403-10 Occupational diseases and illnesses 3, 4, 5 3 43 to 45
RELATIONS
and 6
404- TRAINING AND EDUCATION
Principles
404-1 Average hours of training per employee per year 3, 4, 5 5 and 8 43 to 45
RELATIONS
and 6
Principles
Programmes to develop employee skills and transition 8. EMPLOYMENT AND INDUSTRIAL
404-2 3, 4, 5 5 and 8 43 to 45
assistance programmes RELATIONS
and 6
Principles
Percentage of employees who receive regular performance and 8. EMPLOYMENT AND INDUSTRIAL
404-3 3, 4, 5 5 and 8 43 to 45
career development appraisals RELATIONS
and 6
405 - DIVERSITY AND EQUAL OPPORTUNITIES
Principles
3. ABOUT INCATEMA. Corporate Governance
405-1 Diversity of governing bodies and employees 3, 4, 5 5 11 to 14
and Management
and 6
Principles For strategic reasons, Incatema does not
Ratio between the basic salary and remuneration of women and
405-2 3, 4, 5 5 report on the remuneration of its ----
men
and 6 employees.
406 - NON-DISCRIMINATION
Principles
406-1 Cases of discrimination and remedial action taken 3, 4, 5 5 and 10 43 to 45
RELATIONS
and 6
407 - FREEDOM OF ASSOCIATION AND COLLECTIVE BARGAINING
Principles
Operations and suppliers where the right to freedom of All Incatema staff are subject to a collective
407-1 3, 4, 5 16 43 to 45
association and collective bargaining may be at risk bargaining agreement.
and 6

58
GLOBAL
PACT
408 - CHILD LABOUR

6. GOOD CORPORATE GOVERNANCE.
Operations and suppliers with significant risk of child labour Principles
408-1 16 Ethical and responsible management 33 and 34
cases 1 and 2
Human rights
409 - FORCED OR COMPULSORY LABOUR
Principles 6. GOOD CORPORATE GOVERNANCE.
Operations and suppliers with significant risk of cases of forced
409-1 3, 4, 5 16 Ethical and responsible management 33 and 34
or compulsory labour
and 6 Human rights
410 - SECURITY PRACTICES
Security personnel trained in human rights policies or Principles Incatema has no contracted security
410-1 16 ----
procedures 1 and 2 personnel.
411 - INDIGENOUS PEOPLES' RIGHTS
6. GOOD CORPORATE GOVERNANCE.
Principles
411-1 Cases of violations of indigenous peoples' rights 16 Ethical and responsible management 33 and 34
1 and 2
Human rights
413 - LOCAL COMMUNITIES
5. COMMITMENT TO SUSTAINABLE
Operations with local community engagement programmes, 30 to 32
413-1 ---- 11 DEVELOPMENT AND THE ODS
impact assessments and development 45
9. SOCIETY
Operations with significant negative impacts - actual or
413-2 ---- 11 No negative impacts have been recorded ----
potential - on local communities
414 - SOCIAL ASSESSMENT OF SUPPLIERS
New suppliers that have passed selection filters according to
414-1
social criteria
---- 10 9. SOCIETY. Suppliers 46
Negative social impacts on the supply chain and measures
414-2
taken
415 - PUBLIC POLICY
Principle Incatema does not make contributions to
415-1 Contribution to political parties and/or representatives 16 ----
10 political parties and representatives.
416 - HEALTH AND SAFETY OF CLIENTS
Assessing the health and safety impacts of product and service Principles
416-1 3 9. SOCIETY. Clients 46
categories 1 and 2
Cases of non-compliance relating to the impacts of the Principles
416-2 3 9. SOCIETY. Clients 46
categories of products and services in health and safety 1 and 2
417 - MARKETING AND LABELLING
Requirements for information and labelling of products and Not applicable. Incatema does not label
417-1 ---- 12 ----
services products

59
GLOBAL
PACT
Cases of non-compliance related to product and service

417-2
information and labelling
417-3 Cases of non-compliance related to marketing communications
418 - CUSTOMER PRIVACY
substantiated complaints regarding breaches of customer
418-1 Principle 2 ---- 9. SOCIETY. Clients 46
privacy and loss of customer data

60

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SUSTAINABILITY REPORT 2022-2023

INCATEMA CONSULTING & ENGINEERING, S.L.

The road to sustainable development

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 2

1 LETTER FROM THE CHAIRMAN

In the current global context, the relevance of

Within this backdrop, we observe the emergence of new legislation focused

Incatema's strong commitment to sustainable development and inclusive

Our work upholds our commitment to sustainability, integrating responsible

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 3

communities and industries in adapting to climate change. These projects

Furthermore, in the field of infrastructure engineering and construction,

This voluntary initiative towards transparency and proactive reporting places

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 4

Finally, as a company, we extend an invitation to our stakeholders and

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 5

2 HIGHLIGHTS FROM THE 2022-2023 FINANCIAL YEARS

The first of these is the Samba Caju Integrated Development project in

In Senegal, Incatema has carried out a second flagship project in the

The projects described are just a small selection of Incatema's holistic

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 6

development to sustainable water and sanitation management, which

 E - Environmental performance: Incatema identifies the fight against

Incatema only produces CO2 emissions generated from its electricity

 S - Social performance: Incatema is committed to hiring people

 G - Governance: Incatema's purpose is the sustainable construction

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 7

classified as sustainable according to the criteria of the European

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 8

Headquartered in Madrid (Spain), Incatema has subsidiaries in Angola, Haiti,

It relies on a team with more than 25 years of accumulated experience

Incatema executes turnkey projects, which also include the necessary

It is characterised in the market by its commitment to its customers and to

It currently carries out projects in different countries in Africa and the

Incatema's accumulated experience extends to all its areas of activity:

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx 9

methods in each case, supported both by the company's human resources

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx

Professionalism, by having the best talent, in continuous training, with a

Commitment to the environment, constantly seeking to offer innovative

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx

CORPORATE GOVERNANCE AND MANAGEMENT

The Compliance, Quality, Environment and Health and Safety departments

Executive management is provided by the Chief Executive, to whom 6

 Agriculture and Rural Development DirectorateDivision. This

 Infrastructure Division. The Infrastructure Division focuses on the

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx

sustainable infrastructures, mainly related to the integral water cycle.

 Consultancy Division. This Division offers specialised consultancy

 Commercial and Business Development Division. This division is

 Financial Management. Responsible for the company’s economic

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx

sound financial position. It is also in charge of risk management,

 Logistics Management. The Logistics Division is essential to ensure

Informe de Sostenibilidad 2022-2023_090424 (ENG)_NM.docx

4 OUR BUSINESS MODEL

PRODUCTS AND SERVICES

AGRICULTURE, FISHERIES AND RURAL

With a methodology based on extensive experience in international

 Agricultural and food industries. Incatema develops its agricultural