Material impacts, risks and opportunities
The topic of “business conduct” is assessed as material within the context of the double materiality assessment. Positive impacts, risks and opportunities were identified.
Topic |
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Subtopic |
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Positive impacts |
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Risk |
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Opportunity |
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Business conduct |
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Corporate culture |
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Breaches of provisions of the German Supply Chain Due Diligence Act (LkSG) along the upstream value chain can have adverse financial effects in the medium and long term in the form of reputational damage and fines. |
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Management of relationships with suppliers, including payment practices |
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Reliance on suppliers in the upstream value chain can have adverse financial effects in the short, medium and long term due to increased purchase prices and supply bottlenecks. |
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Concluding favourable contracts allows the company to generate positive financial effects for its own operations in Hamburg in the short, medium and long term in the form of cost savings with suppliers and secured income from clients. |
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Political engagement |
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The positive impacts of HHLA’s political engagement and lobbying activities strengthen its competitive standing and allow it to tap into new business areas and promote innovation through better access to funding and political dialogue, which ultimately promotes HHLA’s short, medium and long-term development opportunities across the Group and contributes to making the economy more stable. |
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Corruption and bribery |
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Corruption incidents related to the company’s own activities can have adverse financial effects in the short, medium and long term in the form of reputational damage and fines. |
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