Sustainability report 2019

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As a leading dredging and offshore contractor, we are keenly aware of the value of biodiversity and significance of healthy ecosystems. We understand that it is essential to reduce and mitigate our impact to improve and maintain the health of our oceans, rivers and wetlands. We are also conscious of the need to reduce and mitigate our own environmental impact in order to do our part for climate change mitigation. This section describes our approach to our most material environmental issues, climate change mitigation and biodiversity and ecosystems, and how we respond to these.

RISKS & DILEMMAS ‚ ‚ Unknown pace of development and costs for new low carbon technologies ‚ ‚ Some clients focus on price as sole selection criteria ‚ ‚ We have no or very limited influence on infrastructure investment decisions ‚ ‚ In the absence of regulations, voluntary use of costly alternative environmentally friendly fuels creates a competitive disadvantage, unless clients are prepared to pay a premium OPPORTUNITIES & GOALS ‚ ‚ Global knowledge exchange and collaboration opportunities ‚ ‚ Opportunity to build on several years’ experience in biofuels and Building with Nature ‚ ‚ Potential to differentiate through delivery of low-carbon solutions to clients ‚ ‚ Growing global awareness of the value of environmental management ‚ ‚ Increasing demand from clients to reduce and mitigate impact

KPIs ‚ ‚ Energy saving innovations and pilots ‚ ‚ Reporting on CO 2 emissions ‚ ‚ Contribution to Building with Nature research programs RESULTS ‚ ‚ 2 innovative pilot projects: - First 100% biofuel oil dredging vessel - Completion of water emulsion test ‚ ‚ Scope 1 and 2 CO 2 : 1.1 MT (‘000) ‚ ‚ Building with Nature Program investment of EUR 500,000

SUSTAINABILITY REPORT 2019 – BOSKALIS

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