ANNUAL REPORT 2021
We Aim to Create a Durable and Successful Future.
Over the years, we have built a strong reputation in the key markets we serve, but the world of business is rapidly evolving. ‘The Times They Are A-Changin’…and MCFI too.
Our Brand
It is said that the ability to evolve is the most important key to the sustained growth and development of any business. And this relies on our ingenuity.
By challenging ourselves to keep improving our company, our teams, our solutions and products, we aim to create a durable and successful future. We are at an exciting new stage of our development, which depends on our working closer together with a real team spirit – and we have taken the bold step to update our brand to better reflect our new ambitions. Our ability to answer any challenges with ingenuity.
We are now united under the name Ingenia.
To learn more about what drives us, we invite you to watch the video below.
INGENIA at a Glance
Our Purpose
Place innovative thinking at the core of our development, and offer relevant and world-class industrial solutions which will sustainably address current and future challenges
Our Values
Visionary
Expert
Genuine
Attentive
Full time presence in Mauritius, Tanzania, and Zambia serving 17 countries in the Indian Ocean and Africa.
Board Of Directors’ Report
2021 was another challenging year with the world still grappling with the Covid-19 pandemic and its variants. Businesses globally had to adapt to the new normal, fraught with significant volatility, a situation with significant risks – and opportunities.
The MCFI Group was resilient and able to adapt to the new economic paradigm, which led to improved results in 2021. The Group recorded a 39% increase in revenue over the previous year on the back of a rebound from lower activities in 2020 due to the lockdown and a full-year contribution in 2021 from the recently acquired entity, Suchem Limited, compared with only a five-month one in 2020.
Sustainability
Our commitment to the Planet for 2025
Trade Ethically
By 2025, we will integrate Environment / Social / Governance (ESG) criteria in our selection of suppliers.
In 2025, we will eliminate products that are proven destructive to biodiversity.
By 2025, we will raise the weightage of environmentally-sound products by 10% in each BU’s portfolio.
By 2025, we will guide our consumers on the responsible and sustainable use of our products.
By 2025, we will optimise our packagings, while maintaining compliance with international standards.
Rethink Energy
By 2025, we will reduce our energy consumption (excl. production) by 25%.
In 2025, 30% of our energy will come from renewable sources.
By 2025, we will optimise our vehicle fleet both in numbers and fuel efficiency.
Manage Waste
By 2025, we will stop purchasing single-use plastics and non-recyclable materials.
By 2025, we will reduce our paper consumption by 30%.
By 2025, all our waste will be recycled or disposed of responsibly.
Save Water
By 2025, we will reduce our usage of water for operations (excluding manufacturing facilities) by 25%.
Advance Diversity
By 2025, we will achieve gender equity in our staff.
Our Sustainability pledges
Our Sustainability pledges
In 2021, MCFI joined the local sustainability network of Business Mauritius: SigneNatir. We fully endorse the network’s commitment to making Mauritius a model of low-carbon, circular economy, which promotes human rights and diversity.
Since 2022, MCFI has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labor, the environment, and anti-corruption.
