Assets in the Open: The Social Framework for Infrastructure
Infrastructure assets serve the communities they connect (as power, transport, or communication needs are met). But throughout our multiyear experience, we have noticed the recurrence of damages and misusage of infrastructure assets caused primarily as a consequence of disadvantaged economic and social conditions of the communities surrounding the infrastructure.
Examples from the last decade, where this has been material for the infrastructure companies, include pipelines being delayed for lack of community engagement, theft of cargoes or electricity being tapped, as well as poor working conditions at subcontractors or competitors level. And this gave us an idea: we as investors see similar problems across different sectors and geographies, and we can help the companies to come up with solutions to avoid disruptions to assets in the open by fostering development of the local communities.
Operators of infrastructure assets are in a unique position to engage directly with the specific communities: the companies both service these communities and at the same time need support from them to operate safely and efficiently We believe that local acceptance of infrastructure assets secures the companies’ ability to operate without interruption. To contribute to this and to address social issues, companies can improve community engagement and foster local development. In practice, they can initiate social programs, create jobs or provide training to local residents, thereby improving the community's socioeconomic situation.
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Disclaimer
Van Lanschot Kempen Investment Management NV (VLK Investment Management) is licensed as a manager of various UCITS and AIFs and authorised to provide investment services and as such is subject to supervision by the Netherlands Authority for the Financial Markets. This document is for information purposes only and provides insufficient information for an investment decision. This document does not contain investment advice, no investment recommendation, no research, or an invitation to buy or sell any financial instruments, and should not be interpreted as such. The opinions expressed in this document are our opinions and views as of such date only. These may be subject to change at any given time, without prior notice.
Es gibt einen Spruch auf Niederländisch, Kom verder, das viele Dinge bedeutet und unsere Geschäftsphilosophie darstellt. Er erfasst die Art und Weise, wie wir mit unseren Kunden arbeiten, aber auch wie wir unsere Beteiligungsunternehmen lenken, um Aktionärswert durch aktive Beteiligung zu schaffen.
Risikokapital. Der Wert von Anlagen und die daraus erzielten Erträge können sowohl steigen als auch fallen. Die Anleger erhalten möglicherweise nicht den ursprünglich investierten Betrag zurück. Die in der Vergangenheit erzielte Performance ist keine Garantie für die Zukunft.