Difference between revisions of "Boskalis"

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== Paris Agreement to Today ==
== Paris Agreement to Today ==
In their 2020 Sustainability Report they claim that “Our activities play a key role in supporting the socio-economic development of a region or country, contributing to the wellbeing of its occupant”. This however appears to be untrue, during the International Conference on Energy and Environmental Science (ICEES) in 2021 an article was released regarding the Impact of Sustainable Development of Coastal Areas and Small Islands in Makassar. In this document it is stated that “marine and sand mining has an impact and risk of environmental damage”. This article concerns Makassar New Port (MNP) which is a venture that was created by Boskalis and which is located on Sulawesi, Indonesia. These activities were briefly put on hold due to protests coming from the local community. After a while they were able to continue and finish the project. The important thing to notice is that on the contrary to what Boskalis is implying, this development does not pay attention to sustainable aspects. Boskalis’ mining activities were located directly in the fishing area of Kodingareng Island fishermen. As a result this greatly impacts the sustainability of economic, socio-cultural and environmental preservation or ecological aspects. The activities resulted in decreased environmental carrying capacity, reduced natural resources, biodiversity loss, and weakened ecosystem integrity. This not only has sefer effects on the environmental health of the area but it also has a social and economic impact. The fishermen in the area suffered extreme losses which resulted in damaging their livelihood. Contrary to what Boskalis said in their Sustainability Report they are not focused on supporting socio-economic development, they are in fact ignoring the local economy. around 90% of the 4,500 residents of Kodingereng depend on marine activities and products and especially those are affected by the activities from Boskalis. Other than this extremely harsh impact on the local community the environmental damage in question was also severe. Destruction of coral reefs, increasing depth of seawater, cloudiness of seawater and waves getting higher and bigger. 
What has company done or refused to do since the Climate Accord of Paris?
 
Per company, where applicable refer to research on the benefits of fossil companies in the form of subisidies etc.
Boskalis is known to turn a blind eye on environmental impacts and human rights violations. This is further confirmed in a December 2014 social and environmental review of the Suez operations of Boskalis and Van Oord. It was estimated that around 1,000 up to 50,000 persons were at risk of losing residence and/or income. This might not be ordered by Boskalis, but nevertheless this was a result stemming from their activities. It is well known that dredging has adverse environmental impact through e.g. the releasing of toxic compounds into the water, the destruction of aquatic and terrestrial habitats. The Witteveen+Bos review explained that numerous marine plant and animal species will be impacted, that an increase in air emissions is likely etc.. In conclusion Boskalis did not follow international standards for responsible business conduct for identifying and avoiding risks of adverse and social environmental impacts.


=== Financial Results since 2015 ===
=== Financial Results since 2015 ===
This tabel is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.  
This table is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.  


{| class="wikitable"
{| class="wikitable"

Revision as of 09:15, 6 April 2022

Royal Boskalis Westminster N.V.
Bedrijf Logo
Quick Facts
TypePublic
sectorDredging
Headquarters (Benelux Organization)Papendrecht, Netherlands
Year of Origin1910
Emissions (All Scopes)973 Megatons of CO2 (2020)
Total RevenueXXX
Stock ExchangeBijv. Tokio, Amsterdam
Key PeoplePeter Berdowski (CEO), Carlo van Noort (CFO)
Total RevenueXXX
Subsidiaries
  • Boskalis Dragamex
  • Cofra
  • Boskalis Australia
  • Boskalis Nederland
  • Boskalis Environmental
  • SMIT Salvage
  • Boskalis Hirdes
  • Boskalis Russia
  • Boskalis Rockfall
  • Boskalis Terramare
  • Boskalis Westminster
  • Nigerian Westminster Dredging
  • Irish Dredging
  • Llanelli Sand
  • Boskalis Brazil

Company Name, stylized as Company, short description of the company. Founded in what year? Active in which business? Active in how many countries? Where is its headquarter? How many employees? Size and scope of company? Private/public? Net (balance) worth? Revenue and profit? Key player?

Company Structure

Who has influence on what? Private or public company? Why is hq in the Netherlands? Any important subsidiaries or daughter companies?

Board of Directors

Executive Board
Name Function Remuneration x1000 EUR
Insert name E.g. CEO XXX EUR
Insert name E.g. CFO XXX EUR
Insert name E.g. CPO XXX EUR

Supervisory Board

Management Board
Name Function
Name Function
Name Function
Name Function
Name Function

In most cases, no information on remuneration of the management board is made public.

Supervisory Board

Supervisory Board
Name Function Remuneration x1000 EUR
Insert name E.g. chair XXXX EUR
Insert name E.g. vice-chair XXXX EUR
Insert name E.g. vice-chair XXXX EUR
Insert name E.g. vice-chair XXXX EUR
Insert name E.g. vice-chair XXXX EUR

Accountant

What is the company's accountant?

Main Activity

In a few sentences, describe the core activities of the company. In a bit more detail than in the introduction.

Government

To what extent can the government influence company policy? (shareholder, licensing authority, client etc.) Has company received NOW support or royal status?

Paris Agreement to Today

What has company done or refused to do since the Climate Accord of Paris? Per company, where applicable refer to research on the benefits of fossil companies in the form of subisidies etc.

Financial Results since 2015

This table is meant to indicate that the companies have plenty of money to make their company more sustainable. Clearly distinguish between Dutch data and international data.

Financial situation
Year Revenue Profit Dividend
2015 XXX Billion EUR XXX EUR XXX EUR
2016 XXX Billion EUR XXX EUR XXX EUR
2017 XXX Billion EUR XXX EUR XXX EUR
2018 XXX Billion EUR XXX EUR XXX EUR
2019 XXX Billion EUR XXX EUR XXX EUR
2020 XXX Billion EUR XXX EUR XXX EUR
2021 XXX Billion EUR XXX EUR XXX EUR

Scandals and controversies

Any dirt on the companies can be added here.

Current Emissions

Total emissions XXX Megatonnes of CO2 (2020)
Scope 1 Scope 2 Scope 3
XXX Megatonnes of CO2 (2020) XXX Megatonnes of CO2 (2020) XXX Megatonnes of CO2 (2020)

In 2019 they claimed to contribute to greenhouse gas emissions with a 1.11 million MT output (scope 1 and 2). Evidently this output is mostly created by their fleet operations. The SDGs that hold their main focus are Affordable and Clean Energy, Decent Work and Economic Growth, Industry, Innovation and Infrastructure, Climate Action and Life Below Water.

Climate Policy and Plans

To reach the goals that are laid down in the Paris Agreement it is inevitable for companies to make the switch from fossil fuels to renewable energy. Boskalis’ ambition is to be climate neutral by 2050 across all their global operations.

Due Diligence

Keep the broader context in mind. Is the company integer when it comes to deforestation, palm oil, biodiversity, human rights etc etc? Be critical in the sources used here.

Conclusion

If Boskalis is indeed trying to reach the goals they appear to have set for themselves they need to put in more effort. Starting by things such as including a human rights clause into the contracts they conclude with their cliënts. Furthermore, they shall have to make more careful Environmental Impact Assessments (EIAs) in order to control the environmental damage inflicted because of their activities. Even if these damages do not always conclude the direct extra output of greenhouse gas emissions, in the end they will still add to the damage to the environment.

References

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