Company Archives - Global International Relocation

Top Score on FAIM Credit Risk Barometer

We are thrilled to announce that Global International Relocation has achieved the highest score on the FAIM Credit Risk Barometer, following a rigorous financial assessment conducted by Ernst & Young (EY). This achievement is a testament to our company’s financial strength, stability, and commitment to excellence in the international relocation industry.

Ernest & Young Portugal Understanding the FAIM Financial Assessment

The FAIM Financial Assessment was introduced in 2022 as an integral part of the FAIM Quality Standard. This assessment was implemented to ensure that FAIM-certified movers like us are not only operationally sound but also in good financial health. The FAIM standard is a globally recognized benchmark in the moving industry, and incorporating financial criteria further strengthens the trust and credibility of FAIM-certified companies.

Ernst & Young, a globally auditing firm, is responsible for conducting this financial assessment. The assessment focuses on three critical financial ratios:

  • Solvency: This measures our ability to meet long-term financial obligations. It is assessed by the Debt/Equity Ratio, where a higher ratio indicates greater financial risk.
  • Liquidity: This evaluates our capacity to handle short-term financial obligations, using the Operating Cash Flow Ratio as the primary indicator.
  • Profitability: This determines our ability to generate earnings relative to our costs, measured by the Operating Profit Ratio.

These ratios are combined into a single value through the EY Credit Risk Barometer (CRB), which then classifies the credit risk of the company on a scale from 0% to 100%.

What Our Top FAIM Credit Risk Score Means

Global International Relocation’s top score on the FAIM Credit Risk Barometer signifies that we are classified as “Low Credit Risk.” This is the best possible outcome and reflects our strong financial standing. A “Low Credit Risk” classification means that we are fully compliant with the FAIM financial standards, demonstrating our ability to manage both long-term and short-term financial obligations effectively.

This high score is not just an internal achievement; it serves as a reassurance to our clients, partners, and agents that we operate with financial integrity and reliability. In an industry where trust is paramount, our top score underscores our commitment to maintaining the highest standards in all aspects of our operations.

AIMA Strike: Potential Disruptions Ahead

The workers of the Portuguese Agency for Integration, Migration, and Asylum (AIMA) have announced a strike starting on August 22, 2024, primarily targeting overtime work, which will extend until the end of the year.

In a statement, the National Federation of Unions of Public and Social Workers (FNSTFPS) clarified that “this strike will last until the end of the year”, with the expectation that “it may be called off if AIMA takes the necessary steps to create the staff map with a sufficient number of workers to address pending requests and manage contacts with immigrants”.

The strike arises from deep-rooted concerns over inadequate staffing, overwhelming workloads, and frustrations with the ongoing transition from SEF (Serviço de Estrangeiros e Fronteiras) to AIMA.

AIMA workers have long been raising alarms about the unsustainable conditions they face, with more than 400,000 pending cases creating significant delays. The issues have been exacerbated by a recruitment process that many describe as opaque, further stressing an already strained system.

What This Means for Services

This strike introduces significant uncertainty regarding how services will be managed during this period. While strikes often include agreements on minimum service levels to mitigate the impact, no clear plan has been confirmed for this particular strike.

This lack of clarity creates a situation where it is nearly impossible to predict which services will be available and when. In practical terms, this means that scheduled appointments for immigration-related services are at risk of being delayed, rescheduled, or outright canceled.

Greve AIMA

Global’s Commitment to Supporting Clients

At Global International Relocation, we fully understand the challenges that this strike may pose to our clients and partners.

Rossana Veglia, Chief Mobility Officer at Global, shares that “despite the uncertainties, we are committed to maintaining all scheduled appointments and ensuring that our clients continue to receive the support they need throughout this period”.

One of our key advantages “is the consistent presence of our legal team at AIMA. Our lawyers attend AIMA offices on a weekly basis, allowing us to gather first-hand information and stay up-to-date with any developments that could impact our clients. By being on the ground regularly, we are able to anticipate changes, identify potential workarounds, and adjust strategies accordingly. This ongoing interaction with AIMA staff and officials puts us in a strong position to navigate the challenges brought on by the strike and provide our clients with the most accurate and timely guidance available”. 

We recognize that with the strike in effect, scheduled services may be disrupted without prior notice, and the lack of clarity around which appointments will be rescheduled, delayed, or canceled make the process impractical. We strongly recommend that clients and partners prepare for possible delays and remain flexible. We are committed to supporting you every step of the way”.

Jorge Gomes, Chief Executive Officer of Global International Relocation, reiterates that “…we are committed to supporting our clients every step of the way, maintaining the continuous communication that defines us, to ensure regular updates to help manage the situation.”

Global International Relocation Sustainable Strengths: Limiting our Environmental Impact

Unsustainable practices are harming the environment and causing a 69% decline in wildlife populations since 1970, and the Living Planet Index looked at almost 32,000 species to reveal this in 2022.

According to Sinay, the transportation sector, including shipping, is responsible for about 20.2% of the world’s total CO₂ emissions, making it the second-largest contributor to global carbon pollution. This is why we must put a genuine effort to reduce the carbon footprint associated with mobility processes. 

We’re leading a positive change in the mobility industry, not just talking about it but taking action, these are our sustainable strengths:

https://www.reuters.com

 

Recyclable packaging 

At Global, we use recyclable materials in our operations. Did you know that when biodegradable cardboard breaks down, it produces Methane, a greenhouse gas contributing to global warming? That’s why we prioritize recyclable packaging like cardboard boxes, delicate silk paper, sturdy wooden crates, and protective bubble wrap to minimize our surrounding impact. Also, after each move, we collect the used card boxes and bring them back to our warehouse in order to be recycled. By choosing these green materials, we actively contribute to creating a smoother moving experience and a more sustainable world.

https://global.pt

 

Green Transportation Solutions 

We prioritize natural friendly transportation solutions, exploring alternative freight options that promote an economy of travel, such as groupage transport. Moreover, our strategic placement within Portugal, including headquarters in Lisbon and branches in Porto, Algarve, Azores, and Madeira, further contributes to efficient transport and travel logistics. Dispersing our presence across the country, not only enhances accessibility for our clients but also ensures a more streamlined and ecologically sound operation throughout Portugal. 

Porto City
https://turismoportugal.org

 

Sustainable Perks 

Our team enjoys weekly organic fruit baskets sourced locally. These baskets, filled with a variety of nacional fruits selected for their taste, have a special mission… We rescue visually imperfect fruits that would usually be thrown away, reducing food waste. Did you know food waste generates 8% of greenhouse gasses annually? Our initiative not only provides fresh and healthy snacks for our employees but also creates a more responsible and mindful workplace culture.

https://www.teahub.io

 

Digitizing Connections 

We’re making strides in environmental sustainability through our innovative use of digital communication methods such as TV screens inside the office, digital newsletter, online business cards, etc… Going digital, we’re significantly reducing paper usage. Did you know paper production has serious milieu-related effects like deforestation, high energy and water consumption, air pollution, and landfill waste? Paper makes up about 26% of the total waste in landfills, according to theworldcounts.com. It showcases our allegiance to minimizing our ecological footprint and adapting to the evolving landscape of conservation-minded business communication. 

https://www.aoe.com

Refreshing Welcome 

Our employee welcome initiative goes beyond the norm, providing a thoughtful pack that values well-being and environmental consciousness. A standout eco-friendly feature is the inclusion of a metal or reusable and recycled plastic bottle. Did you know about 85% of plastic bottles can take up to 1,000 years to degrade? This initiative not only promotes health by ensuring water is free from potential microplastic contamination but also reflects our dedication to a workplace culture that cares for both individuals and the environment.

https://inocycle.com

 

Global not only redefines the standards of the mobility industry but also shapes a greener tomorrow. Together, let’s make each move a step towards a more planet-friendly future, where the choices we make today positively impact the world we share.

Opt for Global International Relocation, where your mobility is not just a transition but a conscious contribution to a healthier planet.