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Double Materiality Assessment

Periodically, we commission an independent third party to update our materiality analysis to ensure that our stewardship continues to focus on the topics which our internal and external stakeholders deem to be materially significant.

Understanding our impact

The double materiality assessment illustrates the relative importance of a shortlist of 17 topics to our business and our stakeholders to ensure that our stewardship continues to focus on the impacts, risks and opportunities which are deemed to be materially significant. The topics and accompanying definitions were selected and defined based on leading industry ESG benchmarks and reporting frameworks, alongside a media and peer analysis, and were approved by the ESG Steering Committee.

During the last update we commissioned an independent third party to formulate a questionnaire and complete an online assessment to assess the materiality of the impacts, risks and opportunities as the basis for the sustainability statement. The process sought the views of almost 600 individuals across eight stakeholder groups, including clients, suppliers, NGOs, partner organizations and experts, and young or prospective employees. Nearly 100 members of Boskalis’ senior management, including all members of our Board of Management and Supervisory Board, were also invited to participate. Internal and external stakeholders ranked the selected topics that they considered to be most and least relevant for Boskalis from both an impact and financial perspective. The relative importance of these themes is presented in the materiality matrix below.

Graphic Materialitymatrix