Boskalis
| Royal Boskalis Westminster N.V. | |
|---|---|
 | |
| Quick Facts | |
| Type | Public |
| sector | Dredging |
| Headquarters (Benelux Organization) | Papendrecht, Netherlands |
| Year of Origin | 1910 |
| Emissions (All Scopes) | XXX Megatons of CO2 (2021) |
| Total Revenue | XXX |
| Stock Exchange | Bijv. Tokio, Amsterdam |
| Key People | XXX |
| Total Revenue | XXX |
| Subsidiaries |
|
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
Boskalis was established in 1910 by a group of families in Sliedrecht, the Netherlands.[1] Back then, the dredging company did not go by the name Boskalis. In 1930, the name was changed into a more similar name to the current one: NV Baggermaatschappij Bos & Kalis.[2] In 1971 the company went to the stock market and lost its family character.
Rijkswaterstaat was and still is an important commissioning party for Boskalis. Rijkswaterstaat is part of the Dutch Ministry of Infrastructure and Water Management and in charge of the design, construction, management and maintenance of the main infrastructure facilities in the Netherlands.[3]
Boskalis has a long history of becoming less dependent from Rijkswaterstaat. In doing so, it entered the foreign market with varying success. Boskalis initially focused on neighboring countries (particularly Great Britain) and subsequently, via the Dutch East Indies, on Thailand, China and Japan. From 1950 onwards the Middle East and the expanding oil industry offered many new opportunities. In recent decades the tourist industry has become more important. This went hand in hand with financial risks.
After 1960 Boskalis also followed a strategy of growth through diversification by providing different services.[4] These strategies did not turn out to be a success. At the beginning of the 80s, the company was almost bankrupt. By focusing again on dredging and selling all the services that did not have anything to do with that, the company could survive.
Since 2000, Boskalis is again looking for ways to grow, although it focuses on maritime services. Present day, Boskalis has over 130 subsidiaries in around 40 countries over the world.[5] Furthermore, Boskalis has over 25 joint operations.
Board of Management
| Name | Function | Remuneration x1000 EUR[7] |
|---|---|---|
| Peter Berdowski | Chairman | 2,486 EUR |
| Theo Baartmans | Member | 1,715 EUR |
| Bart Heijermans | Member | 1,291 EUR |
| Carlo van Noort | Chief Financial Officer | 1,244 EUR |
Supervisory Board
| Name | Function | Remuneration x1000 EUR[9] |
|---|---|---|
| Jeroen van der Veer | Chairman | >60 EUR |
| Jack de Kreij | Deputy Chairman | >45 EUR |
| Daan Sperling | Member | >45 EUR |
| Jacqueline Tammenoms Bakker | Member | >45 EUR |
| Jaap van Wiechen | Member | >45 EUR |
| Renée Jones-Bos | Member | >45 EUR |
Accountant
From the 2022 financial year on, KPMG is Boskalis’ auditor.[10] Before, the external auditor was Ernst & Young Accountants LLP (EY), but the maximum term of appointment has expired.
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 untill 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.
| 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
Description of the emissions per scope. Critical analysis of (missing) information based on GHG protocol (probably most relevant for scope 3). Describe possible reduction trends.
| Scope 1 | Scope 2 | Scope 3 |
|---|---|---|
| XXX Megatonnes of CO2 (2020) | XXX Megatonnes of CO2 (2020) | XXX Megatonnes of CO2 (2020) |
Climate Policy and Plans
Description of the climate plans and policy of the company, with special focus on the goals for 2030 and 2050. Make sure to include the baseyear for their targets. Do the goals take the entire company and all scopes into account?
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
Recap of the position and influence of the company. Are the climate plans of the company enough to be in line with goals of the Paris Agreement? Is the company doing enough? Are the company's targets realistic?
References
- ↑ Boskalis (n.d.). History. Retrieved on 11 April, 2022 from https://boskalis.com/about-us/history.html
- ↑ Goey, F. de. (2011). B. Bouwens, K. Sluyterman, Verdiept verleden. Een eeuw Koninklijke Boskalis Westminster en de Nederlandse baggerindustrie. BMGN - Low Countries Historical Review, 126(3), 132–133. https://doi.org/10.18352/bmgn-lchr.7414
- ↑ Rijkswaterstaat. (n.d.) About us. Retrieved on 11 April, 2022 from https://www.rijkswaterstaat.nl/en/about-us
- ↑ Goey, F. de. (2011). B. Bouwens, K. Sluyterman, Verdiept verleden. Een eeuw Koninklijke Boskalis Westminster en de Nederlandse baggerindustrie. BMGN - Low Countries Historical Review, 126(3), 132–133. https://doi.org/10.18352/bmgn-lchr.7414
- ↑ Boskalis. (2021). Boskalis annual report 2021. Retrieved from https://boskalis.com/
- ↑ Boskalis Annual report 2021, retrieved on april 6, 2022 on https://boskalis.com/ir/financial-publications.html
- ↑ Boskalis Remuneration report 2021, retrieved on april 6, 2022 on https://boskalis.com/ir/financial-publications.html
- ↑ Boskalis Annual report 2021, retrieved on april 6, 2022 on https://boskalis.com/ir/financial-publications.html
- ↑ Boskalis Remuneration report 2021, retrieved on april 6, 2022 on https://boskalis.com/ir/financial-publications.html
- ↑ Boskalis. (2021, March 31). AGM 12 May 2021 agenda. Retrieved from https://boskalis.com/ir/corporate-governance/general-meeting-of-shareholders.html