Boskalis_CSR_report__2016

Impact on Local Communities CSR 2016 – Boskalis 18 Each project is unique and requires tailor-made solutions. Environmental and Social Impact Assessments (ESIAs) are a widely used tool to measure the social and environmental impact of a project on the local community and the environment. They are often prepared by or on behalf of our clients to comply with legislation, before applications can be made for the necessary permits. In most countries ESIAs are used by financiers like the World Bank when clients apply for funding for their projects, and by governments as part of permit applications. In turn our clients require us to comply with the ESIA conditions relating to our part of the work. To ensure that environmental and social risks are identified and assessed and appropriate management is secured we develop an Environmental and Social Monitoring Plan. When it comes to defining how we address environmental and social risks, we take into account the international frameworks. In this respect we endorse the OECD Guidelines for Multinational Enterprises. We seek to avoid potential adverse impact arising from our activities and services, and otherwise to mitigate or remedy this impact. We exercise our leverage if we are in a position to influence the entity responsible for the impact to bring about change in the situation. Our ability to do so can be limited, depending, for example, on the nature of the business relationship. The influence we have over clients as opposed to our influence over direct suppliers can vary widely. Environmental and social impact assessments OECD GUIDELINE APPROACH to POTENTIAL ADVERSE IMPACT Potential adverse impact Socio-economic and/or Environmental Caused by Boskalis Remedy actual impact Cease or prevent potential impact Cease or prevent contribution to impact Contributed to by Boskalis

In 2016, we launched the Social Impact program, which has three objectives: ‚ ‚ To increase awareness of our social impact and the international frameworks within the company. ‚ ‚ To develop a standard evaluation mechanism to identify projects in the tender phase that have a (potential) higher risk profile. ‚ ‚ Consistent application of our social impact principles and procedures on projects. Our approach is based on the OECD Guidelines for Multinational Enterprises, the IFC Performance Standards, the OECD Common Approaches, the Boskalis General Code of Business Conduct and the Suppliers Code of Conduct. For more information about our environmental impact and our approach please refer to the chapter on biodiversity and ecosystems on pages 28-30.

Directly related to Boskalis’ operations, products or services, caused by a business relation

Use leverage to mitigate remaining impact as much as possible

Use leverage to influence the entity causing the adverse impact to prevent or mitigate the impact

Source: OECD Guidelines for Multinational Enterprises.