Responsible Corporate Governance
We depend on a balanced distribution of risk across the operating units to ensure long-term profitability and regulated growth, while also taking social and ecological factors into consideration.
The operational units are strategically linked yet operate autonomously. viability of a more extensive economic structure. In Hamburg and many other areas across the world, we invest in the local infrastructure, pay taxes, and generate jobs.
Risk Assessment
Limiting the numerous financial, operational, and HSSE risks is one of our biggest difficulties as we work toward our goal of controlled, long-term growth. For this reason, we operate under a comprehensive and ongoing risk management framework that assigns a unique rating to each risk and establishes custom duties, assignments, and responsibilities. All risks, including social and environmental ones, are assessed in the context of the complete group of enterprises in order to further guarantee a healthy balance of risk. We adopt a decentralized strategy in which operating unit accountability is delegated and risks are divided among the several companies. The following are the main risks that could impact future business performance:
- Currency fluctuation
- A renewed global financial crisis and/or an extended period of economic contraction.
- Political unrest in nations that produce oil and the ensuing strain on the oil markets.
- Growing costs for purchased energy and natural resources.
- Natural and environmental disasters, together with the consequences of climate change.
- Higher hazards in the nations where we operate
Relations with Suppliers and Customers
The wide range of suppliers we work with, from those that provide office equipment to those who provide technical equipment for our operational sites, reflects the variety of our firm. We aim to build a cooperative long-term collaboration, treat our suppliers with dignity, and keep an open line of communication with everyone involved in the business processes. For us, this is being accountable throughout the whole supply chain in addition to on our own property.
In order to provide our clients with superior services and goods, internal supplier lists raise transparency in the caliber and efficacy of our business partners. We also give careful consideration to safe working practices for subcontractor employees at our sites.