Boskalis_CSR_report__2016

Creating Long-term Value CSR 2016 – Boskalis 12 Boskalis’ principal strategic objective is the creation of long-term sustainable profitability. Systematic execution of the corporate strategy is an important cornerstone for Boskalis’ success, and the strategy is reviewed regularly in light of relevant market developments. In early 2017 Boskalis presented its Corporate Business Plan for 2017-2019. For further information please refer to the Strategy section of the Annual Report 2016. Our corporate strategy and the dialogue with our stakeholders have resulted in our CSR strategy which is aimed at a healthy balance between long-term profitability and our social and environmental responsibility. The reasonable expectations and interests of our stakeholders are a key reference point in establishing our CSR strategy and CSR Report. Stakeholder inclusiveness We engage with our stakeholders at all levels in our company. Entering into dialogue with our stakeholders fosters mutual awareness and understanding, gives us a clear picture of their expectations and interest and allows us to establish the relevant material CSR themes. Our most important stakeholders are: Employees Our activities are largely project-based, and knowledge and capital intensive. Talented, enterprising and highly skilled employees are the key to our success, which is why talent management plays a crucial role in the way we operate our business. The majority of our staff are employed on a permanent appointment and of this group many have a long tenure with the company. For projects we supplement our core staff with employees drawn from a flexible shell. Depending on the project requirements these employees are hired locally where possible or appointed on a temporary contract, which in many cases is discontinued at the conclusion of the project. Clients Our most important clients are to be found in the following key market segments: Ports: port and terminal operators, governments, shipping companies and insurance companies. Energy: oil, gas and wind energy companies and related EPC contractors and subcontractors. Infrastructure and Climate change-related: national and strategy

international project developers and local and regional governments.

Investors and shareholders

We consider our financial stakeholders to include existing and potential shareholders. The following shareholders are known, based on the public register of the AFM, to have been holders of at least 3% in Boskalis share capital as at 31 December 2016: HAL Investments B.V.: 35.45%, Sprucegrove Investment Management Limited: 5.16%, Blackrock Inc.: 4.38%, Marathon Asset Management: 3.57% and Oppenheimer Funds Inc.: 3.07%. Besides these large shareholders, an estimated 15% of the shares are held by shareholders in the UK, 13% in the US and Canada and the remainder in mainly the Netherlands, Norway, Germany, France, Switzerland and Hong Kong. Our policy on engaging with investors is specified on our website and for more information please refer to our Annual Report 2016. Boskalis maintains relationships with around 1,376 suppliers for the central procurement of machinery and hydraulics, electronics and survey equipment, wearing and construction parts, and facility goods and consumables. 253 of these are strategic suppliers accounting for 90% of the purchasing volume. Our suppliers are bound by a Supplier Code of Conduct and we perform annual implementation scans to ensure compliance. Suppliers Boskalis is involved in a large number of cross-sectoral partnerships in the chain, the main ones being: ‚ ‚ The EcoShape foundation, a partnership with public authorities, knowledge centers, businesses and Non-Governmental Organizations (NGOs). Boskalis has invested EUR 4.25 million in the Building with Nature program over the past seven years. ‚ ‚ Partnership with the NGO Shipbreaking Platform for the sustainable dismantling of our vessels. We have been recognized repeatedly by the NGO as an industry leader. ‚ ‚ Partnership with the NGO The North Sea Foundation, through which we are the main sponsor of the Boskalis Beach Cleanup Tour. In addition to the above, we have partnerships with sector organizations, educational institutions and knowledge centers, and also engage with NGOs at a local level. NGOs and civil society organizations