To ensure sustained success and deliberate growth, we emphasize a balanced approach to risk across our various operating units, all while prioritizing environmental and social responsibilities.
Our operating units function autonomously, yet remain strategically aligned with one another, contributing to the sustainability of a broader economic framework. We actively contribute to local economies by paying taxes, generating employment opportunities, and investing in infrastructure development in Hamburg and numerous other locations around the globe.
Risk Management
One of the most significant obstacles we face in our pursuit of sustainable, long-term growth is the need to mitigate a wide array of financial, operational, and health, safety, security, and environmental (HSSE) risks. To address this challenge, we have implemented a comprehensive and ongoing risk management framework that systematically assesses and categorizes all potential risks. This framework establishes tailored mandates, tasks, and responsibilities for our teams.
To maintain a balanced approach to risk management, we evaluate all categories of risks—including social and environmental factors—within the context of our entire corporate portfolio. We adopt a decentralized strategy that delegating risk management to individual companies, assigning specific responsibilities at the operating unit level.
The key risks that could influence our future business performance include:
- Currency fluctuation
- Another international financial crisis flare-up and/or sustained economic downturn
- Political conflict in oil-producing countries and the resultant tensions on the oil markets
- Rising prices for natural resources and purchased energy
- Environmental and natural disasters as well as effects of the climate change
- Higher risks in countries we are active in
- Global pandemic, such as the global outbreak of COVID-19.
Supplier & Customer Relations
Our company prides itself on a diverse range of suppliers, encompassing everything from technical equipment vendors to providers of office supplies. We are committed to fostering respectful and honest relationships with all our business partners, aiming to build lasting collaborative partnerships. This commitment extends beyond our own operations and encompasses the entire supply chain.
To enhance transparency regarding the quality and capabilities of our suppliers, we maintain detailed internal supplier lists. Our objective is to deliver exceptional services and products to our customers. We also prioritize the safety of workers from subcontractors at our facilities. Since 1996, we have implemented a comprehensive contractor management program at Amber Terminal to ensure safe working practices.