Boskalis_Annual Report_2017

ANNUAL REPORT 2017 – BOSKALIS 49

from 5 stakeholder groups – employees; clients; suppliers & subcontractors; NGOs and civil society organizations; and investors – were consulted for our materiality analysis, the outcome of which is presented below and reflected in more detail in our CSR report. THE BOSKALIS VALUE CREATION MODEL The Boskalis value creation model gives a schematic overview of the value we create over time, based on our four material themes and fnancial capital. This input is in the execution of our strategy and the fulfllment of our mission to create new horizons for our stakeholders, now and in the future. The Boskalis business comprises three market-facing divisions: Dredging & Inland Infra, Offshore Energy and Towage & Salvage. Within these divisions, the execution of our strategy is guided by our company culture and its core values: professionalism, entrepreneurship and teamwork. Boskalis’ unique offering of specialist knowledge, a multidisciplinary approach and a versatile state-of-the-art fleet, enables us to minimize and mitigate risks. It also allows us to take advantage of the opportunities provided by the macro-economic drivers that underpin our business model. In this way, we transform inputs into valuable outcomes that are aimed at having the most benefcial impact possible. Those topics that are considered to be most relevant by Boskalis and its stakeholders – as also reflected in the outcome of the materiality analysis – correspond with the outcome of our business model. How the material themes are embedded in our operations and the results thereof is described in detail in our 2017 CSR report. SUSTAINABLE DEVELOPMENT GOALS In 2015, the United Nations adopted a plan for achieving a better future for all, based on 17 Sustainable Development Goals (SDGs). We endorse all these SDGs, but due to the nature of our business our impact per goal varies. A number of SDGs is closely related to our material themes, giving us the means to monitor and communicate our progress and achievements on them. These are: Good Health & Well-being (SDG3), Affordable & Clean Energy (SDG7), Decent Work & Economic Growth (SDG8), Industry, Innovation & Infrastructure (SDG9), Climate Action SDG13) and Life Below Water (SDG14). We refer to our CSR report for further information on environmental matters and our policies, outcome of these policies, risks and how these risks are managed and related non-performance indicators.

For a focused strategic approach, aimed at a healthy balance between stakeholder expectations and business aspirations, we identify and assess which material topics are most relevant in relation to our activities. To this end, we use a materiality analysis to gain insight into the relevance and importance of topics for Boskalis on the one hand, and for our various stakeholder groups on the other. In 2017, we once again engaged with our stakeholders to re-assess the most important material CSR themes. By actively engaging with relevant stakeholders at all levels within and outside of our company, we align our strategy to guide both our business and CSR objectives. More than 70 stakeholders

SDGs

IMPACT

Services that contribute to a safer, healthier and more prosperous local community

A positive contribution to economic growth and job creation

Contributing to clean energy through our renewable energy projects Limiting the consequences of climate change through our coastal defense and riverbank protection projects

A safe and inspiring work environment with skilled and engaged employees

Satisfed clients

Long-term sustainable proft

The Boskalis value creation model

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