Our strategy is elaborated in our three-year business plan. Following a thorough review of our markets and business lines, a new Corporate Business Plan was formulated early 2020 for the period 2020-2022. Based on three strategic pillars - Focus, Sustainable Growth and Human Excellence - this plan addresses current and anticipated developments in our global business environment. In monitoring and developing our corporate strategy we keep a clear eye on the long-term megatrends that underpin the Boskalis business model, being population growth, growing world trade, increasing energy demand, climate change and the energy transition. A positive development is expected in these macro-trends. World trade, and demand for infrastructure, raw materials and energy in particular, is driven by the structural growth and increasing prosperity of the world's population, which is increasingly living in coastal areas. To address climate change adequately, huge investments in adaptive measures are needed. The increasing demand for maritime infrastructure is an important driver for the sustainable growth of the activities and it opens up opportunities to expand the company further.