Boskalis CSR report 2017

CSR 2017 – BOSKALIS 15

execution. This is crucial in view of the fact that the Boskalis range of operations is wider than ever before, the complexity of our operating processes has increased and our clients and other stakeholders are becoming ever more demanding. Boskalis has a General Code of Business Conduct (the “Code”), 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. Certification shows our compliance with internationally recognized management, environmental and safety standards. All key Boskalis units are certified ISM, ISO 9001, ISO 14001 and OHSAS 18001, or VCA for Dutch operations. A list of all certifications can be found in the appendix. THE BOSKALIS VALUE CREATION MODEL The Boskalis value creation model gives a schematic overview of the value Boskalis creates over time, based on our four material themes and financial capital. These inputs are used in the execution of our strategy and the fulfillment of our mission to create new horizons for our stakeholders: now and in the future. The four material themes form the backbone of our CSR report and serve as the departure point for our stakeholder engagement. The Boskalis business comprises three market-facing divisions: Dredging & Inland Infra, Offshore Energy and Towage & Salvage. Within these divisions, the execution of our strategy is guided by our company culture and its core values: professionalism, entrepreneurship and teamwork. Boskalis’ unique offering of specialist knowledge, a multi-disciplinary approach and a versatile state-of-the-art fleet, enables us to minimize and mitigate risks. It also allows us to take advantage of the opportunities provided by the macro drivers. For a healthy balance between stakeholder expectations and business aspirations, we have identified and assessed per input theme which material topics are most relevant in relation to our activities through a materiality analysis. Those topics that are considered to be most relevant by Boskalis and its stakeholders – as also reflected in the outcome of the materiality analysis – correspond with the outcome of our business model. Details on how the material themes are embedded in our operations are further described in the subsequent chapters. The Boskalis Annual Report 2017 reports on our financial capital. SUSTAINABLE DEVELOPMENT GOALS In 2015, the United Nations adopted a plan for achieving a better future for all, based on 17 Sustainable Development Goals (SDGs). We endorse all these SDGs, but due to the nature of our business our impact per goal varies. A number of SDGs is closely related to our material themes, giving us the means to monitor and communicate our progress and achievements on them. These are: Good Health & Well-being (SDG3), Affordable & Clean Energy (SDG7), Decent Work & Economic Growth (SDG8), Industry, Innovation & Infrastructure (SDG9), Climate Action (SDG13) and Life Below Water (SDG14).

Our strategy is driven by the structural growth and rising prosperity of the global population, which in turn drives growth in global trade and demand for raw materials and energy. Climate change is a risk, but also continues to create business opportunities for Boskalis with a growing need for flood protection measures, land reclamation and the facilitation of the energy transition. Our strength lies in deploying our own maritime assets, combined with the expertise of our employees, to add value for our clients in creating sustainable solutions. The new, uniform Boskalis Way of Working quality management system was launched company-wide in 2017. The system enables an integrated business process and uniform customer approach, complementing existing processes, tools and certifications. The Way of Working enables us to strengthen the way we work together, focus effectively on client needs and execute our projects professionally and efficiently. CSR is embedded in WoW as this system enables us to, where possible, take project leadership, integrate stakeholder interests and align sustainable design and

SDGs

IMPACT

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

A positive contribution to economic growth and job creation

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

Satisfied clients

Long-term sustainable profit