Boskalis_Annual Report_2017

report of the board of management ANNUAL REPORT 2017 – BOSKALIS 50 BUSINESS

PRINCIPLES

GENERAL CODE OF BUSINESS CONDUCT Integrity, reliability and responsibility are key elements for building trust between Boskalis and its stakeholders. These intrinsic values are reinforced by establishing guidelines and principles for responsible business conduct, and ensuring these are maintained. Boskalis has a General Code of Business Conduct, which is based on international guidelines, including the Universal Declaration of Human Rights. We endorse the principles of the International Labour Organization, the UN Global Compact and the OECD Guidelines for Multinational Enterprises. Boskalis accepts responsibility for matters which lie within its sphere of influence. In the countries where Boskalis operates, we are subject to national legislation and regulations. Boskalis refrains from cultural judgments and conducts itself as a good citizen or guest. We adhere to relevant international and national sanctions. Boskalis reviews its Code at least once every two years, most recently at the beginning of 2018. SUPPLIER CODE OF CONDUCT Boskalis has a Supplier Code of Conduct, which mirrors our own internal General Code of Business Conduct. Besides considering quality, delivery reliability and price, we also select our suppliers based on sustainability criteria. The Supplier Code of Conduct is an integral part of all Procurement contracts. By entering into a contract, suppliers commit themselves to the Boskalis Supplier Code of Conduct. This commitment is also applicable to their own suppliers. In 2017 81% of our strategic suppliers endorsed the Supplier Code of Conduct, compared to 76% in 2016. The full text of our General Code of Business Conduct is available on our corporate website.

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