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Our corporate social responsibility policy covers four focus areas:
Van Lanschot Kempen’s Statutory Board has established key performance indicators (KPIs) for these four focus areas, embedding our CSR policy and making progress and performance measurable and verifiable. At the end of 2018, these KPIs are integrated in organisation wide KPIs.
A range of committees, departments and officers are involved in corporate social responsibility at Van Lanschot Kempen, ensuring that policies are disseminated and enforced. This document provides a brief summary of these committees, departments and officers.
In the past few years, the issue of value creation has gathered momentum on the back of such international frameworks as GRI and IIRC. In response, Van Lanschot Kempen has designed a figure capturing the mechanics of its value creation process, which you’ll also find in our 2018 Annual Report on pp. 10.
The dialogue with our stakeholders is a key driver of our corporate social responsibility policy, as we can only truly take into account our stakeholders’ interests if we know what those interests are and what our stakeholders expect from us.
Our dialogue with stakeholders is also incorporated in our strategy and the Bankers’ Promise, which all Van Lanschot Kempen employees signed at the beginning of 2015.
On 9 November 2018, we held our eighth annual Van Lanschot Kempen stakeholder event. You can download a brief summary here (in Dutch only).
Our own core values and stakeholder dialogue prompted Van Lanschot Kempen to become a signatory to five international sets of corporate social responsibility principles, committing us to incorporate key environmental, social and governance (ESG) themes – human rights, labour standards, environment, anti-corruption – in our company processes and also to engage our stakeholders on these themes where possible and pertinent.
A brief summary of the principles and guidelines we have committed to:
The United Nations Global Compact charter comprises ten universal principles for companies addressing human rights, labour standards, the environment and anti-corruption. These principles are derived from the Universal Declaration of Human Rights, the guidelines of the International Labour Organisation (ILO), the Rio Declaration on Environment and Development, and the UN Convention against Corruption.
The Principles for Responsible Investment (PRI) provide a framework for incorporating environmental, social and governance criteria in Van Lanschot’s investment policy. By signing these principles, the bank has committed to observe these criteria when executing its investment policy.
We endorse the principles of the International Labour Organisation (ILO), whose conventions and recommendations set down employee rights. We are committed to respect these rights in our own organisation and will engage our stakeholders on these themes where possible and pertinent.
The Guiding Principles on Business and Human Rights (UNGP) are an instrument consisting of 31 principles implementing the United Nations ‘Protect, Respect and Remedy’ framework on this issue of human rights and transnational corporations and other business enterprises. Developed by the Special Representative of the Secretary-General (SRSG) John Ruggie, these Guiding Principles provided the first global standard for preventing and addressing the risk of adverse impacts on human rights linked to business activity, and continue to provide the internationally accepted framework for enhancing standards and practice regarding business and human rights. The United Nations Human Rights Council unanimously endorsed the UNGP on 16 June 2011.
The OECD GL are recommendations addressed by governments to multinational enterprises operating in or from adhering countries. They provide non-binding principles and standards for responsible business conduct in a global context consistent with applicable laws and internationally recognised standards. The Guidelines aim to promote positive contributions by enterprises to economic, environmental and social progress worldwide, and are supported by a unique implementation mechanism of National Contact Points (NCPs), agencies established by adhering governments to promote and implement the Guidelines. The NCPs assist enterprises and their stakeholders to take appropriate measures to implement the Guidelines and also provide a mediation and conciliation platform for resolving practical issues that may arise.
As a responsible wealth manager we are committed to respect international human rights, at any time and in all different roles we fulfil. For more details, see our human rights statement below.
The UK Modern Slavery Act – a British law aiming to prevent human trafficking and modern slavery – requires enterprises operating in the UK, to publish a statement explaining how they comply with this legislation. Van Lanschot Kempen is operating in the UK (via Kempen). See below our statement.
On 28 October 2016 the Dutch Banking Association (NVB), two government ministries and five civil-society organisations (CSO) signed the IMVO covenant on Human Rights (IMVO covenant). Van Lanschot Kempen also signed the covenant, as adhering party, together with thirteen other financial institutions. In the attached report we explain the objective of the covenant and how we – through our various policies - comply with its requirements.
At Van Lanschot Kempen, we see corporate social responsibility primarily in terms of chances and opportunities, and believe CSR threats are very limited indeed, as we explain below.
Working within the appropriate frameworks, Van Lanschot Kempen maintains contacts with regulators, including DNB and AFM, and with rating agencies. It is also a member of trade associations looking after the general interests of financial institutions and asset managers – e.g. DUFAS. We have no lobbying offices or representatives in The Hague or Brussels.
Van Lanschot Kempen does not provide donations to support political parties or campaigns.