Ackermans & Van Haaren NV (ACKB.BR) Bundle
Founded in 1876, Ackermans & Van Haaren NV is a diversified Belgian holding-listed on BEL20-that blends deep-rooted family entrepreneurship with a hands-on portfolio spanning DEME Group (marine engineering), Delen Private Bank (private banking), real estate, energy and resources to pursue long-term value and sustainability; the group has committed to cutting its investment-arm CO2 footprint by 30% by 2030 and to reach 100% renewable energy supply by 2025, invested over €300 million in ESG projects in 2023, and backs subsidiaries whose projects (like DEME's Windpark Fryslân) deliver green power to roughly 500,000 households while already achieving a 28% reduction in emissions for the company's own activities by 2023, all underscoring a mission and vision that prioritize quality, stakeholder engagement and measurable sustainable impact.
Ackermans & Van Haaren NV (ACKB.BR) - Intro
Ackermans & Van Haaren NV (ACKB.BR) is a diversified Belgian holding company founded in 1876. It holds controlling and significant minority stakes across marine engineering, private banking, real estate, energy and resources, and industrial activities. The group emphasizes a long-term investment horizon, building market leaders and steering capital toward sustainable, value-accretive businesses. Listed on Euronext Brussels and a constituent of the BEL20, AvH combines operating subsidiaries with disciplined capital allocation and a conservative balance-sheet culture.- Founded: 1876
- Listing: Euronext Brussels; BEL20 constituent
- Key subsidiaries: DEME Group (dredging & marine engineering), Delen Private Bank (private asset manager)
- Strategic orientation: long-term ownership, active portfolio management, sustainability integration
| Metric | Figure (approx.) |
|---|---|
| Market capitalization (mid‑2024) | €6-7 billion |
| Group revenue (latest reported year) | c. €4-5 billion (driven largely by DEME) |
| Net result attributable to shareholders (latest year) | c. €400-500 million |
| Delen Private Bank assets under management (AUM) | c. €50-70 billion |
| Employee base (group) | c. 11,000-12,000 |
- Mission - Create durable, long-term value through active stewardship of an industrial and financial portfolio, supporting market leaders that can scale sustainably and deliver resilient returns.
- Vision - To be a reference Belgian diversified investor that builds best-in-class businesses while contributing to a low‑carbon, inclusive economy over multidecade horizons.
- Core values:
- Long-termism: multi-generational perspective on capital and governance
- Entrepreneurial partnership: backing strong management teams and fostering operational autonomy
- Prudence: conservative leverage, strong liquidity buffers and disciplined risk management
- Sustainability: integrating ESG into investment decisions and operations
- Transparency & stewardship: clear reporting and active board involvement
- Emissions & energy:
- Target: -30% carbon emissions by 2030 (base year as reported by the company)
- Target: 100% renewable energy for operations by 2025
- Portfolio alignment: prioritise investments in decarbonisation, energy transition and circular economy technologies across the group
- Reporting: periodic sustainability disclosures and quantitative KPIs integrated into annual reporting
- Investment focus: build and sustain market-leading positions (e.g., DEME in offshore wind & underwater infrastructure)
- Balance-sheet approach: maintain conservative net financial debt/EBITDA ratios at the group level to preserve optionality in cyclical markets
- Dividend policy: progressive, sustainable payout with attention to cash generation and capital needs of core subsidiaries
| Business area | Role in group | Representative scale |
|---|---|---|
| Marine engineering (DEME) | Major revenue driver; leader in dredging, offshore wind, subsea services | Largest contributor to group top-line; hundreds of vessels and offshore assets |
| Private banking (Delen) | Stable fee income; wealth management and private banking client base | AUM in the tens of billions EUR |
| Real estate & concessions | Income-generating assets and development projects | Selected portfolio of commercial & residential assets |
| Energy & resources | Investments in energy infrastructure and resource activities | Targeted investments supporting transition themes |
- Ownership structure: family-controlled with institutional shareholders; alignment around long holding periods
- Board composition: experienced directors with industrial and financial expertise; emphasis on independent oversight
- Engagement: regular dialogue with investors, clients and communities to align performance with social and environmental outcomes
Ackermans & Van Haaren NV (ACKB.BR) - Overview
Ackermans & Van Haaren NV (ACKB.BR) positions itself as the long-term partner of choice for family businesses and management teams, focused on building high-performing market leaders while contributing to a more sustainable world. Rooted in family values, the group's mission emphasizes entrepreneurship, respect for people and the environment, and a long-term investment horizon. These principles guide capital allocation, governance engagement and operational support across its diversified holdings.- Long-term partnership model: active minority and majority holdings with multi-decade orientation toward value creation.
- Quality and sustainability: prioritizes high-quality products/services, innovation and environmental responsibility in portfolio companies.
- Stakeholder engagement: systematic engagement with employees, customers and investors to foster collaboration and growth.
| Metric | Target / 2023 Commitment | Notes |
|---|---|---|
| Carbon emissions reduction | 30% reduction by 2030 | Scope and baseline year depend on portfolio reporting frameworks |
| Renewable energy supply | 100% renewable energy in operations by 2025 | Applies to group operations and certain portfolio companies |
| ESG investments (2023) | €300 million+ | Allocated to renewable energy, energy-efficient construction and other ESG projects in 2023 |
- Strategic initiatives: focused capital deployment to accelerate decarbonization across holdings and improve energy efficiency in buildings and operations.
- Governance: long-term stewardship, board-level engagement and support for management teams to implement sustainable growth plans.
- Human capital and culture: embedding family values into leadership development, talent retention and respectful workplace practices.
Ackermans & Van Haaren NV (ACKB.BR) - Mission Statement
Ackermans & Van Haaren NV (AvH) positions itself as the long-term partner of choice for family businesses and management teams, pursuing sustained value creation through quality investments, active ownership and a strong commitment to sustainability and governance. The mission directs capital, expertise and governance toward building high-performing market leaders while contributing to a more sustainable world.- Long-term partnership: patient capital and board-level support for family-owned and entrepreneur-led companies.
- Value creation: active ownership, operational improvement and strategic reinvestment in portfolio companies.
- Sustainability integration: systematic ESG policies embedded in investment decisions and operational practices.
- Stakeholder engagement: alignment with employees, shareholders, customers and communities to drive durable performance.
- Delivering structurally growing environmental and social results through sound policies, robust processes and governance.
- Maintaining a commitment to quality, sustainability and stakeholder engagement that guides long-term initiatives.
- Fostering a culture of innovation and environmental respect across subsidiaries and investments.
- Allocating capital to sustainable infrastructure and ESG initiatives to accelerate decarbonisation and social impact.
| Area | Commitment / Outcome |
|---|---|
| ESG capital allocation (2023) | Over €300 million committed towards ESG initiatives in 2023 |
| Renewable energy delivery | DEME Group - Windpark Fryslân completed, supplying green energy to ~500,000 households |
| Investment approach | Active minority & majority stakes, long-term holding periods focused on governance and value creation |
| Operational focus | Quality products & services, innovation adoption, environmental respect across portfolio |
- Stewardship: treat capital as a long-term resource for growing businesses and communities.
- Quality: invest in durable business models and prioritize product/service excellence.
- sustainability-first decision making: integrate environmental and social considerations into strategy, budgeting and reporting.
- Governance: ensure strong board practices, transparency and accountability in portfolio companies.
- Partnership: collaborate with founders and management teams to scale businesses responsibly.
- DEME Group - execution of Windpark Fryslân demonstrates AvH's strategy of backing infrastructure projects with measurable environmental outcomes (green electricity for ~500,000 households).
- Capital deployment - the reported allocation of >€300 million to ESG initiatives in 2023 signals a material, quantified commitment to transition and resilience across the portfolio.
- Performance orientation - AvH's mission to deliver structurally growing environmental and social results is pursued alongside financial returns through active ownership and governance improvements.
Ackermans & Van Haaren NV (ACKB.BR) - Vision Statement
Ackermans & Van Haaren NV (ACKB.BR) anchors its corporate vision in long-term value creation across diversified investments, guided by entrepreneurship, respect for people and the environment, and a strong ethic of stewardship that has shaped the group since its founding in 1876.- Entrepreneurial mindset: fostering active ownership and operational involvement in portfolio companies to drive sustainable growth.
- Respect for people and environment: integrating human rights principles and environmental stewardship into strategy and operations.
- Long-term vision: prioritizing resilience and intergenerational value over short-term gains.
| Metric | Target / Commitment | Status (latest reported) |
|---|---|---|
| CO2 reduction target (own activities) | Reduce emissions by 30% by 2030 (base year defined by company) | 28% reduction achieved by 2023 |
| Human rights commitment | Alignment with the Universal Declaration of Human Rights | Embedded in policies and supplier due diligence |
| Founding year | - | 1876 |
- Quality & sustainability: ESG criteria and sustainability roadmaps inform capital allocation and board-level monitoring.
- Stakeholder engagement: systematic dialogue with investors, employees, suppliers and communities to align expectations and manage impacts.
- Integrity & ethics: an integrity code provides clear behavioral and decision-making guidelines for staff and board members.
| Area | Policy / Practice | Examples |
|---|---|---|
| Business ethics | Integrity code | Guidelines for conflicts of interest, anti-corruption, whistleblowing channels |
| Human rights | Commitment to UDHR principles | Supplier due diligence and portfolio-level assessments |
| Environmental targets | CO2 reduction for own activities | 30% by 2030 target; 28% achieved by 2023 |
- Wellness offerings: healthy lunches, sports activities, yoga and meditation sessions.
- Personalized support: access to counseling and tailored work arrangements to support employee resilience.
- Work-life balance: flexible scheduling and programs encouraging sustainable workloads.
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