GlobalData offers a comprehensive analysis of Boskalis, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Boskalis’s ESG performance. GlobalData’s company profile on Boskalis offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Boskalis, a global marine contractor, has set net-zero targets by 2050 and is taking steps to reduce its carbon/greenhouse gas (GHG) emissions. The company recognizes the importance of achieving net-zero and is working towards a society that is less dependent on fossil fuels. In 2022, Boskalis’s total Scope 1 and 2 CO2 emissions amounted to 1.20 million MT. Boskalis aims to achieve climate neutrality for its onshore projects in the Netherlands by 2030. Additionally, 75% of tenders in the country include measures to reduce emissions. Furthermore, the increased use of biofuels in the Netherlands' dry earthmoving transport sector has led to a notable 55% reduction in CO2 emissions in 2022, compared to conventional fuels. Boskalis has also established specific targets related to scope 1 & scope 2, which is to advance the near and mid-term strategy for carbon reduction and integrate sustainable solutions into commercial offerings and scope 3 emissions, which is to implement reduction measures where possible, considering both impact and influence.
The company is focused on reducing its emissions and has already taken steps to achieve this. Boskalis has invested in drop-in biofuels, which are produced from biomass and serve as an alternative to existing liquid fuels without requiring significant modifications. The company is also involved in projects that advance clean energy and strengthen transportation systems in Latin America and the Caribbean through its partnership with IDB Invest. Additionally, Boskalis collaborates with the Global Environment Facility (GEF) to address biodiversity loss, climate change, pollution, and land and ocean health strains.
Boskalis has reviewed the eligibility and alignment of its activities under the Climate Delegated Act, which contains technical screening criteria for activities that contribute to climate change mitigation and adaptation objectives. The company's activities primarily related to renewable energy technologies, industry, innovation and infrastructure, climate action, life below water, and decent work and economic growth are presumed to contribute to the Sustainable Development Goals (SDGs).
In terms of emission reduction achievements, Boskalis has recycled its vessels in a safe and sustainable manner, following strict procedures outlined in the EU Ship Recycling Regulation. The company also works with suppliers on sustainability initiatives, including research on cleaner engines, environmentally friendly fuels, energy savings, human rights, responsible business conduct, and cradle-to-cradle and recycling concepts.
Boskalis is exploring the potential of blue carbon projects, which involve the storage of carbon in coastal ecosystems such as seagrasses. These projects aim to optimize emission reductions, sequestration, and biodiversity enhancement within marine ecosystems. Nature-based solutions, including the protection and restoration of coastal ecosystems, have the potential to contribute significantly to CO2 mitigation efforts.
In conclusion, Boskalis is dedicated to reaching net-zero goals and lowering its carbon/GHG emissions. The company has taken steps such as investing in drop-in biofuels, collaborating with international organizations, recycling vessels sustainably, and exploring blue carbon projects. By prioritizing emission reduction and sustainability, Boskalis aims to contribute to a low-carbon future and address climate change in the maritime dredging sector.
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