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Risk classes of the superclass S1 - General public

SR 1.1.1 Sector reputation:

Sector reputation refers to the social acceptance of a whole infrastructure sector by the general public and is not related to a specific infrastructure asset or the actions of a particular infrastructure company. For example, the social acceptability of nuclear power varies greatly from country to country mainly due to safety concerns associated with nuclear power. Thus investing in nuclear projects in countries may be risky as protests may delay or even lead to cancellation of these projects (Barkan, 1979).

SR 1.1.2 Private ownership perception:

The social acceptance of privately owned infrastructure by the general public is referred to as private ownership perception. In many countries, privately owned infrastructure, especially infrastructure that provides basic services (healthcare, water, etc.), is controversial.

SR 1.1.3 Company reputation:

Reputation is the overall estimation in which an organization is held by its internal and external stakeholders. Reputational risk comes from negative publicity, negative public perception, or specific events, practices, processes, or actions of an infrastructure company such as ethics violations (human rights violations of the labor force), safety and security issues (poor storage of flammable or toxic substances at ports), a lack of sustainability (emitting significantly more carbon dioxide than the sector average), poor quality (roads full of potholes). A poor reputation can adversely impact a company's revenue, increase operating, capital and regulatory costs, or destroy shareholder value (Heery & Noon, 2008)

SR 1.1.4 Climate change perception:

Public opinion on climate change is the aggregate of attitudes or beliefs held by a population concerning issues relating to anthropogenic climate change, perceptions of climate change risks, concerns about its seriousness, and thoughts on what, if anything, should be done to address it (Shwom et al., 2015).

Barkan, S. E. (1979). Strategic, tactical and organizational dilemmas of the protest movement against nuclear power. Social Problems, 27(1), 19–37.

Heery, E., & Noon, M. (2008). A dictionary of human resource management. OUP Oxford.

Shwom, R., McCright, A., Brechin, S., Dunlap, R., Marquart-Pyatt, S., & Hamilton, L. (2015). Public opinion on climate change. In Climate change and society: Sociological perspectives (p. 269).

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