ALX is keenly aware of the benefits of leveraging technology across its corporate business and portfolio operations, in providing a better customer experience as well as in improving productivity and reducing costs. However, ALX is also aware that with these benefits lies the potential for risks, such as cybersecurity, privacy and data protection risks, which can have reputational, regulatory and economic impacts on our business and our customers.
A combination of technological revolutions and social change is also prompting a profound shift in our attitude to travel. In response, our assets are working towards supporting the development of new means of transport (such as electric and autonomous vehicles) and new practices such as carpooling and the use of social media.
Accordingly, through both the Manager and ALX’s appointed board representatives, ALX is committed to ensuring its portfolio companies adequately understand the technology-related risks and opportunities facing their operations and have in place appropriate protocols and innovation planning to prepare for changes in technology.