Boskalis Sustainability Report 2020
OUR BUSINESS IN A CHANGING WORLD
Strategy and ambition SUSTAINABILITY REPORT 2020 – BOSKALIS Growing world trade Population growth Climate change More energy demand Energy transition
Despite our fast-changing and unpredictable world, megatrends such as population growth and climate change continue to drive our business. They underpin our corporate strategy and create both opportunities and challenges – for ourselves, the environment and society. Five megatrends drive our sustainable profitability:
Based on current insights and despite the COVID-19 pandemic, the long-term megatrends are still relevant and positive for Boskalis.
Population growth is the overarching trend that propels our business, creating a need for new land as well as marine and inland infrastructure. In December 2020, the global population stood at 7.8 billion, a figure likely to hit 9 billion by 2040. By then, almost 70% of the world’s population – together with associated assets and infrastructure – will occupy just 0.5% of the world’s land area, much of it near water, and some of that land will be reclaimed. By 2040, with emerging markets expected to outgrow the advanced economies, and the average global Gross Domestic Product (GDP) per capita to have risen by 50%, there will be a growing and more affluent population in coastal regions. There is also predicted to be a shift in the center of economic activities from the West to the East. This growing, and changing population, opens up new opportunities for our business activities, as well as associated opportunities and challenges to deliver our services in an environmentally and socially responsible way.
Dredging & Inland Infra
Infrastructure services are the backbone of development – they support essential services required to meet economic and financial,
Figure 1: Boskalis business drivers and related activities
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