Boskalis Annual Report 2018

ANNUAL REPORT 2018 – BOSKALIS 51

Sustainability at Boskalis goes beyond managing our business and projects in a responsible manner. We seek to leverage our ability to influence and innovate, to create added social, environmental and economic value where we can. Our approach is framed in our General Code of Business Conduct, which is based on international guidelines and the Universal Declaration of Human Rights. We endorse the principles of the International Labor Organization and the OECD Guidelines for Multinational Enterprises. In our separate CSR report we account in detail for material and relevant non-fnancial aspects of our performance arising from our strategy and core activities. The report is based on the guidance of the Global Reporting Initiative (GRI) and focuses on communicating the key sustainability challenges and opportunities we at Boskalis face and the many ways we are responding to

these. We report on topics based on the 2017 materiality analysis, which defnes the sustainability topics that are most relevant to Boskalis and our stakeholders. Our most material issues are related to health and safety, impact on biodiversity and ecosystems emissions, local development, economic performance, and responsible business conduct. Whilst we have a wide range of stakeholders, we see our key stakeholder groups as being: employees; clients and their respective project communities; suppliers and subcontractors; NGOs and civil society organizations; and investors and shareholders. We refer to pages 14 to 25 of our CSR report for further information on environmental matters and our policies, outcomes of these policies, risks and how these risks are managed and related non-performance indicators.

IMPACT

THE BOSKALIS VALUE CREATION MODEL

Services that contribute to a safer, healthier and more prosperous local community

This model is a schematic overview of the value we create over time.

A positive contribution to economic growth and job creation

Input We use the inputs in the execution of our strategy. The four material themes are the backbone of our CSR report. The ffth (fnancial capital) is presented in our Annual Report. Boskalis business Our market-facing divisions – Dredging & Inland Infra, Offshore Energy and Towage & Salvage – execute our business strategy based on our company culture and its core values: professionalism, entrepreneurship and teamwork. Outcome & impact The outcome and impact of our business model in terms of CSR correspond to the topics most relevant to our business as identifed in our materiality process.

Projects that reduce negative and enhance positive biodiversity impacts

Contributing to clean energy through our renewable energy projects

Limiting the consequences of climate change through our coastal defense and riverbank protection projects

A safe and inspiring work environment with skilled and engaged employees

Satisfed clients

Long-term sustainable proft