Financial Responsibility Economic Impact Our economic impacts extend to many stakeholders. We pay taxes, wages, dividends and financial expenses and we purchase products and services. Ethical Operations We currently operate in eight countries. We operate in full compliance with local, national and international laws and regulations in all of the countries in which we operate and provide our services. We pay taxes on our profits in all of the countries in which we operate in. Etteplan does not have a separate tax strategy or tax policy, but the company’s Code of Conduct includes the principle of legal compliance, which also applies to taxation. Tax-related matters at Etteplan are the responsibility of the Group CFO and the financial directors in each operating country. We engage in open cooperation with the tax authorities. We do not condone any form of bribery or corruption in our operations or the operations of our customers or partners. In Finland, we are a founding member of Technology Industry Employers of Finland and, consequently, we are committed to national collective labor agreements. Economic value creation 1,000 EUR 2021 2020 2019 Direct taxes 4,838 4,003 4,553 Wages and salaries 197,596 177,301 172,520 Purchases 31,685 23,317 26,550 Dividends 10,033* 8,461 8,682 Financial expenses 1,480 1,722 1,590 *) The Board of Directors' proposal to the Annual General Meeting Risk assessment Etteplan assesses business risks annually. Based on this systematic risk assessment, we adjust our operations as necessary. A uniform group-wide risk management assessment that covers all risk categories has been conducted annually in connection with the strategy process since 2011. In the assessment, we focus particularly on monitoring changes in previously identified risks, identifying new business risks and developing proactive risk management. Read more in Financial Review p.18
