Boskalis_CSR_report__2016

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managing our material themes

Our material themes are integrated in our CSR strategy. The material themes and strategy are closely connected to our business model (as shown in the value creation model on page 10) and opportunities and risk, as shown in the overview below. To manage our material themes we have formulated objectives and identified the associated opportunities and risks/dilemmas. We defined key performance indicators to measure our performance and the correspondent results achieved in 2016 are stated below. Detailed information is given in the CSR material theme chapters and the Corporate Governance chapter of this report.

For more information on the management of operational and financial risks please refer to the risk management chapter in our Annual Report 2016.

ENVIRONMENTAL IMPACT Be the distinguished provider of sustainable solutions and mitigate and where possible avoid (potential) adverse impact. Realization of at least one Building with Nature project a year

OPPORTUNITIES

RISKS/DILEMMAS

■■ Protect ecosystems through Building with Nature approach ■■ Innovative application of Environmental Impact Assessments ■■ Facilitate renewable energy through wind farm-related activities ■■ Apply environmentally-friendly fuels and energy saving schemes ■■ Provide flood defense through coastal and riverbank protection activities ■■ Contribute to cleaner environment through salvage and wreck removal operations

■■ We have no influence on infrastructure investment decisions ■■ Certain clients focus on price as the sole selection criteria ■■ Absence of an industry standard prevents the formulation of an industry-wide CO 2 reduction target ■■ In the absence of regulations, voluntary use of costly alternative environmentally-friendly fuels creates a competitive disadvantage, unless clients are prepared to pay a premium

KEY PERFORMANCE INDICATORS

RESULTS IN 2016

■■ Supporting the Building with Nature program ■■ Number of Building with Nature projects

■■ Building with Nature program EUR 500,000 ■■ Building with Nature projects (see page 29) ■■ Various wind farm-related activities: 138 foundations installed and 420 km of cables laid ■■ Biofuel pilot program with GoodFuels and LNG tugs in the port of Singapore (see pages 36-39) ■■ Action plan to reduce the energy consumption at our offices and warehouses in the Netherlands with 2% a year (see page 36)

■■ Wind farm-related activities

■■ Energy-saving measures and pilots

Reporting on CO 2

emissions

■■

■■ Coastal defense-related activities

■■ Assisting vessels in distress

Scope 1 CO 2

1,246 MT(‘000), scope 2 CO 2

■■

3 MT(‘000) (see pages 38-39)

■■ Various salvage activities (see page 30)

CSR 2016 – Boskalis