Boskalis CSR report 2017

CSR 2017 – BOSKALIS 41

EMISSIONS

European Parliament determined that emissions from vessels should be included in the EU Emissions Trading System (ETS) as of 2023, unless the IMO succeeds in implementing measures to cut back CO 2 emissions by 2021 at the latest. If not, shipping will be obliged to participate in the ETS system, whereby emission allowances for CO 2 have to be purchased. With a large global fleet, Boskalis is constantly looking to innovate and cut back CO 2 emissions. For the Dutch market, we are making good progress and have set ourselves an ambitious reduction objective. LNG AND SUSTAINABLE MARINE BIOFUELS We continue to follow technological advancements in the application of LNG for fleet. Where possible and economically viable, we will consider using LNG-fueled vessels. In the Port of Singapore, Boskalis uses two LNG dual-fuel harbor tugs in joint ventures with Keppel Smit Towage and Maju Maritime. Because of numerous drawbacks – including insufficient bunker capacity, major impacts on ship design and higher costs – we do not yet consider LNG as offering a large-scale, economically viable solution to meet sustainability goals for working vessels. Sustainable biofuels, on the other hand, have a number of major advantages for shipping: high energy density, easy storage and transportation, and ease-of-use in conventional diesel motors. Moreover, it is possible to mix them with fossil fuels. Because the existing infrastructure can be used for biofuels, the introduction of

We measure, monitor and aim to reduce the CO 2 emissions of our company, by managing the emissions from fleet, equipment and buildings. Boskalis can create value by operating more efficiently, thereby consuming less fuel and causing less emissions. We are keen to look for alternative forms of fuel. Our energy usage and CO 2 emissions level are also relevant because of the risks resulting from stricter regulations and – especially in Northwestern Europe – the opportunities arising from client demand for low-emission, sustainable solutions. TASKFORCE ENERGY MANAGEMENT Our Taskforce Energy Management keeps a close eye on developments in national and international legislation and regulations on emissions. Chaired by a member of the Board of Management, the Taskforce includes specialists and professionals from the key divisions. The Taskforce has a steering role, pools knowledge and best practices, and promotes awareness within the organization. EMISSIONS LEGISLATION As part of the Paris Climate Accord, most countries have committed to reduce CO 2 emissions drastically by 2050. As yet, it is not clear what the requirements and goals will be for the international shipping industry worldwide. The International Maritime Organization (IMO) has indicated that a proposal and roadmap for CO 2 reduction from shipping will be made available in 2018. At the end of 2016, the Environment Committee of the

Cable-laying vessels Ndeavor, Ndurance and Stemat Spirit.