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Creating Long-term Value
CSR 2016 – Boskalis
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Boskalis’ principal strategic objective is the creation of long-term
sustainable profitability. Systematic execution of the corporate
strategy is an important cornerstone for Boskalis’ success, and the
strategy is reviewed regularly in light of relevant market developments.
In early 2017 Boskalis presented its Corporate Business Plan for
2017-2019. For further information please refer to the
Strategysection of the Annual Report 2016.
Our corporate strategy and the dialogue with our stakeholders have
resulted in our CSR strategy which is aimed at a healthy balance
between long-term profitability and our social and environmental
responsibility. The reasonable expectations and interests of our
stakeholders are a key reference point in establishing our CSR
strategy and CSR Report.
Stakeholder inclusiveness
We engage with our stakeholders at all levels in our company.
Entering into dialogue with our stakeholders fosters mutual
awareness and understanding, gives us a clear picture of their
expectations and interest and allows us to establish the relevant
material CSR themes. Our most important stakeholders are:
Employees
Our activities are largely project-based, and knowledge and capital
intensive. Talented, enterprising and highly skilled employees are
the key to our success, which is why talent management plays
a crucial role in the way we operate our business. The majority
of our staff are employed on a permanent appointment and of
this group many have a long tenure with the company. For
projects we supplement our core staff with employees drawn
from a flexible shell. Depending on the project requirements
these employees are hired locally where possible or appointed
on a temporary contract, which in many cases is discontinued
at the conclusion of the project.
Clients
Our most important clients are to be found in the following
key market segments:
Ports: port and terminal operators, governments, shipping
companies and insurance companies.
Energy: oil, gas and wind energy companies and related
EPC contractors and subcontractors.
Infrastructure and Climate change-related: national and
strategy
international project developers and local and regional
governments.
Investors and shareholders
We consider our financial stakeholders to include existing and
potential shareholders. The following shareholders are known,
based on the public register of the AFM, to have been holders of
at least 3% in Boskalis share capital as at 31 December 2016:
HAL Investments B.V.: 35.45%, Sprucegrove Investment
Management Limited: 5.16%, Blackrock Inc.: 4.38%, Marathon
Asset Management: 3.57% and Oppenheimer Funds Inc.: 3.07%.
Besides these large shareholders, an estimated 15% of the shares
are held by shareholders in the UK, 13% in the US and Canada
and the remainder in mainly the Netherlands, Norway, Germany,
France, Switzerland and Hong Kong. Ou
r policyon engaging
with investors is specified on our website and for more information
please refer to our
Annual Report 2016.Suppliers
Boskalis maintains relationships with around 1,376 suppliers
for the central procurement of machinery and hydraulics,
electronics and survey equipment, wearing and construction
parts, and facility goods and consumables. 253 of these are
strategic suppliers accounting for 90% of the purchasing
volume. Our suppliers are bound by a Supplier Code of
Conduct and we perform annual implementation
scans to ensure compliance.
NGOs and civil society organizations
Boskalis is involved in a large number of cross-sectoral
partnerships in the chain, the main ones being:
The EcoShape foundation, a partnership with public authorities,
knowledge centers, businesses and Non-Governmental
Organizations (NGOs). Boskalis has invested EUR 4.25 million
in the Building with Nature program over the past seven years.
Partnership with the NGO Shipbreaking Platform for the
sustainable dismantling of our vessels. We have been
recognized repeatedly by the NGO as an industry leader.
Partnership with the NGO The North Sea Foundation, through which
we are the main sponsor of the Boskalis Beach Cleanup Tour.
In addition to the above, we have partnerships with sector
organizations, educational institutions and knowledge centers,
and also engage with NGOs at a local level.