Boskalis Sustainability Report 2020

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TIER 1. PURPOSE CORNERSTONES The first tier captures the core areas of our business that create economic and societal value and contribute to the SDGs. This contribution is closely linked to our purpose, “Creating and protecting welfare and advancing the energy transition”. Through our activities and business we directly contribute to four SDGs which we have labeled our purpose cornerstones'. These are: Innovation, Industry and Infrastructure; Climate Action; Life Below Water; and Affordable and Clean Energy. Our activities facilitate world trade, create infrastructure and new land for society; our coastal defense and riverbank protection activities help protect society and the natural environment from the consequences of climate change, such as rising sea levels and extreme weather conditions; our marine salvage business helps protect valuable vessels and their crews and cargoes, as well as Life Below Water from environmental disasters; and our energy services contribute to the delivery of affordable and clean energy. With each cornerstone we aim to generate economic value while addressing environmental and societal opportunities, needs and challenges. The specific way we do this from a sustainability perspective is addressed in the second and third tiers. The cornerstones, their explicit link with the SDGs and our progress in 2020 is described from pages 22 onwards and in our Annual Report 2020, which gives details of our economic performance. TIER 2. SUSTAINABILITY FOCUS AREAS The second tier comprises five sustainability focus areas related to how we do business and how we manage our impact.

These are: mitigating our impact on climate change through taking steps towards achieving our climate neutral ambition, biodiversity and ecosystems, local community and development, employee and talent development and safety. Being able to manage the risks and opportunities related to these topics is essential to our business success. It is within these areas that we focus our efforts in order to develop new technologies and more sustainable ways to deliver projects for our clients and to enhance the positive and minimize the negative impacts of our operations. To support delivery of our sustainability strategy, we have identified high-level ambitions and established targets to measure our progress. These are summarized below and are composed of both quantitative and qualitative metrics. Our approach and performance in 2020 for each of the sustainability focus areas is described in the subsequent chapters of this report. TIER 3. RESPONSIBLE BUSINESS PRINCIPLES Our responsible business principles are the foundation of our sustainability strategy. These principles are detailed in the Boskalis Code of Conduct and the Supplier Code of Conduct, and are based on international guidelines including the United Nations Universal Declaration of Human Rights, the UN Guiding Principles on Business and Human Rights, the OECD Guidelines for Multinational Enterprises and the conventions of the International Labour Organization. Both codes were recently updated and the Boskalis code is underpinned by key policies.

Strategy and ambition SUSTAINABILITY REPORT 2020 – BOSKALIS

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