Boskalis Sustainability Report 2020

56

CLIMATE CHANGE MITIGATION

Our target of being climate neutral by 2050 across our global operations contributes to the ambitions of the Paris Climate Agreement. With this goal, we aim to maintain our position as an industry leader in emissions reduction and drive competitive advantage through our ability to offer accessible, low-carbon solutions to our clients in our commercial offerings. Climate change and its consequences are increasingly urgent topics for our sector and society. At Boskalis, we contribute to greenhouse gas emissions mainly through our fleet operations, which account for around 99% of our Scope 1 and 2 CO 2 footprint – in 2020 this amounted to 0.97 million MT. OUR CARBON EMISSIONS Across our fleet we saw CO 2 emissions reduce by 12% in 2020 compared to 2019. The total Scope 1 and 2 CO 2 emissions of the Group amounted to 0.97 million MT compared to 1.11 million MT in 2019 and 1.18 million MT in 2018. Part of our total emission reduction can be attributed to the new MARPOL Annex VI amendments on sulphur limits which came into force on 1 January 2020 and the lower CO 2 emissions associated with the elimination of Heavy Fuel Oil (HFO) for all vessels. For our Offshore Energy division, our fleet CO 2 emissions in 2020 were 0.54 million MT, a 23% decrease over 2019 when the figure was 0.7 million. In addition to the elimination of HFO, the reduction is mainly due to the reduced overall occupation of vessels, particularly of long-distance towage tugs and T-class plus the Transshelf in lay-up. In 2020 our dredging fleet CO 2 emissions dropped 2% from 0.44 million MT in 2019 to 0.43 million MT. The change is influenced by fluctuations in the utilization of our hopper and cutter dredgers in 2020. We do not report the emissions from Towage as this business has been incorporated in joint ventures. The emissions from our Salvage operations are not reported in our Scope 1 and 2 CO 2 emissions, we rely on vessels from the other divisions or third party assets for these services. CARBON DISCLOSURE We disclose our climate change impact through CDP, a global non-profit that runs the world’s leading environmental disclosure platform. CDP drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. In 2020 we improved our rating to a B- rating, which is substantially higher than our previous rating and the current industry average (D).

AMBITION To be an industry leader in carbon reduction and drive competitive advantage though our ability to offer low-carbon solutions for our clients

SCOPE Carbon emissions of own operations (Scope 1 & 2)

TARGET ‚ Net zero by 2050 in our own operations

‚ Scope 3 emissions: to instigate initiatives for reduction where feasible on the basis of impact and influence ‚ Incorporate sustainable solutions (low-carbon or nature-based solutions) into commercial offerings 2020 PERFORMANCE ‚ Scope 1 and 2 CO 2 emissions 973 MT ('000) ‚ 80% of tenders in the Netherlands include Sustainability measures

Managing our impact on the environment SUSTAINABILITY REPORT 2020 – BOSKALIS ‚ Update of Supplier Code of Conduct ‚ New Environmental and Social Policy