The fact that gender diversity in companies is clearly on today’s business agenda is as pleasing as it is encouraging. Over the past three years, countless consultancies have researched the benefits of gender diversity, many opinion leaders have published ‘open letters’ on the topic and various industry groups have launched ‘charter’ to commit to it.
Now that this all-important topic is on the radar, time has come to walk the talk.
We have noticed that extra financial criteria like environmental and social issues can make the difference in your valuation process. Next to climate change we see a huge impact of the social criteria like ‘diversity and gender equality’.
In 1972, the National Bank of Belgium (NBB) began buying works of art from living artists of the Belgian art scene. The NBB has always been assisted in this policy by external advisors – curators, art critics, … - who have helped to translate the original purchasing decision into a collection in the full sense of the word, comprising about 2,000 pieces today. The large majority of the works hang in the NBB’s offices and meeting rooms. In line with this internal objective, the curators have made important internal communication efforts around the collection, through the staff magazine, intranet, artist talks, … They have also commissioned many site-specific works. The art collection of the NBB has never been considered a financial investment (the works may not be sold), but rather an expression of the institution’s corporate social responsibility. This is one of the reasons why the NBB in 2019 organised the first exhibition of part of its art collection (together with works from the collection of the Deutsche Bundesbank), as a first step towards a regular presentation to the public.
In today’s environment, corporate art collections are seen as complementing museums. Both types of institutions manage cultural heritage and contemporary creation. Corporations are increasingly aware of their contribution and responsibility to, as well as
reliance upon society, in terms of sustainability, corporate citizenship, customers and stakeholders engagement. This is driving the opening up of collections to a wider public. Drawing on deep experience at the European Investment Bank and as Board Member of
IACCCA, Delphine Munro provides a broad perspective on the rationale for sharing a corporate collection.
Arts and banking often seem worlds apart. ING, however, has been a passionate supporter of the arts for a long time. Art is an inextricable part of ING and is strongly embedded in ING’s identity: innovative, enterprising and modern, with a focus on progress and sustainability.
The Belfius Art Collection includes some 4,300 objects of Belgian art within three sections: Flemish masters of the 16th and 17th centuries, Modern art from 1860 to 1960, and contemporary art from 1960 through to the present day. Every year, a new selection of some 60 works of the collection are presented in the Belfius Art Gallery in a thematic exhibition. Belfius’ support to Belgian art is also expressed by the loans of works from the art collection to Belgian museums, as well as through the purchase of works by young Belgian talents.
What will our world look like in 10 to 15 years from now, and what will the role of insurance companies be in 2030? While we are all very curious about the answers to those questions, we have to admit it is impossible to predict the future. In a rapidly changing and ever more complex world full of uncertainties, it already is quite a challenge to develop a three-year strategy. Therefore, Ageas and AG Insurance decided to bring together high potentials from around the world to develop scenarios for our business in 2030. In this article, we share some highlights and conclusions from the 2030 team. Some reflections on the future… but without giving you any certainty about the outcome!
How do you remain relevant as a player in the payment market, in a rapidly changing payment world? Bancontact Payconiq Company has known the answer for decades: optimal positioning and constant innovation. Even at its foundation in 1978, the company pioneered electronic payments in our country. Today, the company is still innovating, as Bancontact Payconiq Company.
The new company wants to be the driving force behind the adoption of mobile payments on the Belgian market. In this respect, the company launched its new Payconiq by Bancontact app at the start of 2019. This app enables all Belgians to pay online and offline with one single application, to settle invoices on the go and to directly pay another smartphone user even at distance.
According to the company, cash will not disappear overnight, but the number of cash payments is likely to decrease. After all, the Major Payment Survey 2019 revealed that Belgians prefer to pay with their bank card or their mobile phone. Moreover, cash has a substantial social cost. Mobile payments are on the rise: in 2018, 34 million mobile payments were made with the mobile apps of the Company, twice as many as in 2017.
What does the future hold? Many trends are constantly and rapidly changing the status quo in the payment landscape. Consumer expectations are changing, we have seen many technological innovations in recent years, and new players have entered the market. Bancontact Payconiq Company mainly sees instant payment as a game-changer.
Several traditional local schemes have lost vast, sometimes life-threatening payment volumes. Currently, however, local schemes are emerging again, as alternatives to international card schemes, as are many mobile schemes. At the same time, ‘old’ local schemes such as Bancontact Payconiq Company evolve with their time, because they are still invested in and offer mobile solutions. They all want sovereign, independent systems they can control, to ensure a robust local economy. More importantly, they all enter the real battlefield: mobile.