Investor Relations
We pride ourselves of an open and transparent communication with our investors and the financial markets.
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Corporate Governance
It is the goal of Erria A/S to be managed in a proper and decent way, which will create long-term value for the shareholders, customers, the employees and other stakeholders. The management sets up clear strategic and financial goals, which Erria follows up on in the external reporting, and it is essential for the Supervisory Board that the shareholders can exercise their rights freely.
The Executive and Supervisory Boards wish to create openness and transparency about the work and attitude of the Group’s management.
Sustainability
In 2023, the Erria Group made considerable progress in embedding Environmental, Social, and Governance (ESG) principles across its operations, with Cathay Seal, leading the charge by issuing its first ESG Repor
Erria Group Sustainability Focus
Erria Group is committed to combating climate change by establishing targets for carbon emission reduction and adopting renewable energy sources.
The company will boost materials efficiency via life cycle
assessments, waste reduction initiatives, and supplier collaboration.
Improvements in labor standards will involve employee training, third-party audits, and feedback mechanisms.
A responsible supply chain will be maintained through audits, supplier training, and increased transparency.
Prioritizing business ethics includes mandatory employee
training, enhanced whistleblower protection, and external ethics reviews.
Stakeholder engagement will persist through regular surveys, partnerships, and transparent communication on ESG advancements.
By integrating these initiatives into its sustainability framework, Erria Group intends to make meaningful contributions to environmental conservation, social responsibility, and ethical governance.
Cathay Seal
Climate Change Mitigation
Cathay Seal is proactively addressing climate change concerns by establishing baselines and targets for reducing carbon emissions, aligning with UN Sustainable Development Goals.
Materials Use Efficiency
In 2023, Cathay Seal has reduced its material footprint, emphasising responsible consumption and efficient resource utilisation.
Labor Standards Enhancement
Cathay Seal is actively working to improve labour standards, ensuring fair and ethical practices within its workforce.
Responsible Supply Chain
Cathay Seal prioritises a responsible supply chain, updating its supplier code of conduct to promote ethical sourcing and sustainable production practices.
Business Ethics Focus
Cathay Seal puts a a strong emphasis on business ethics, aligning its actions with robust ESG reporting standards, considering it crucial for a company’s ‘License to Operate’.
Risk Management
As a conglomerate, Erria is facing a spectrum of risks across its different business areas.
Business Risks
Maritime Services
If Erria loses key customers, it may experience a significant reduction in revenue. Dependence on a few major clients increases vulnerability, especially if the departure of a key customer is not swiftly replaced.
If the prime customers alter their demands or service requirements, Erria needs to rapidly adapt. Failure to do so might result in operational inefficiencies and the potential loss of business. Shifts in the prime customers’ demands may reflect broader market trends. Failure to align with these trends might lead to reduced competitiveness and relevance in the industry.
Erria Container Services
Erria Container Services, being intricately involved in container storage and services, is vulnerable to disruptions in the global supply chain.
Natural disasters, geopolitical events, or trade disputes can impact container volumes and logistics operations, affecting revenue and operations.
Mermaid Maritime Vietnam
Regulatory compliance is a significant concern for this business unit due to the complex nature of international and local maritime regulations. Dependency on a few key agreements exposes the company to risks if these contracts are not renewed, altered, or if there are disruptions in their execution.
The marine and offshore industry can be influenced by economic uncertainties, geopolitical events, and shifts in demand. Mermaid is susceptible to market volatility, impacting its revenue and growth.
Cathay Seal
The container seal business faces the risk of counterfeit products, which could lead to revenue loss and damage the company’s reputation.
Changes in trade policies and tariffs also pose a potential threat to the cost of goods and supply chain stability. The company’s success is tied to the health of the container shipping and leasing industries. Economic downturns or a decline in global trade could lead to reduced demand.
Tax Governance
Erria’s tax policy reflects the Group’s general ethics and determines that as a listed company, we have a legal obligation to contribute to the society we are a part of.
Whistleblower Scheme
Erria Group and all its subsidiaries strive for a business environment that promotes and upholds a high degree of integrity and responsibility.
Erria Group and all its subsidiaries strive for a business environment that promotes and upholds a high degree of integrity and responsibility.
Accordingly, the Company has established a whistle-blower scheme that allows anyone with affiliations to Erria Group to safely report suspected non-compliance with Erria Group’s policies and guidelines, laws and regulations as well as other serious irregularities.
Contact:
Matters can be reported to the whistle-blower scheme by:
Phone: +45 20 61 86 81
Email: ssto@dslaw.dk
The phone and email is directly to Søren Storgaard, who is chairman of Erria Group and independent member of Erria Group’s Board of Directors elected by the general meeting.
Executives and employees in Erria Group do not have access to information provided via above email or phone.
