Updated Corporate Business Plan
Our strategy is elaborated in our Corporate Business Plan. At the beginning of March 2020, we presented our Corporate Business Plan for 2020-2022. What was expected to be the promising start of an auspicious new business plan period turned into a time during which the COVID-19 pandemic dictated our daily lives. Despite the greatly changed conditions, significant progress was made with the execution of nearly all of the strategic actions detailed in our business plan while a few initiatives and investments were rephased as opposed to cancelled altogether. Nevertheless, we considered a comprehensive review of the current business plan was called for once the mid- to long-term impact of the COVID-19 pandemic became less ambiguous. Consequently, during the second half of 2021, we reviewed the key long-term trends that underpin the Boskalis business model as well as the short- and mid-term development of our relevant end-markets. This has resulted in an update of our Corporate Business Plan.
Strategic framework
The Boskalis strategy is a logical progression from our purpose and mission.
- Purpose - We create and protect welfare and advance the energy transition.
- Mission - We strive to be the leading dredging and marine contracting experts, creating new horizons for all our stakeholders.
Our strategy is structured around three activity clusters and the value they bring to society with the objective of creating sustainable growth:
- Create Innovative Infrastructure: we facilitate world trade, support economic development, and create infrastructure and new land for society;
- Advance the Energy Transition: we help expand access to renewable power and facilitate the energy transition by developing infrastructure to deliver affordable and clean energy; and
- Protect through Climate Adaptation: we help protect populations and the natural environment from the consequences of climate change, such as rising sea levels and extreme weather conditions through our coastal defense and riverbank protection activities.
Our sustainable growth trajectory for the coming period is based on three pillars: Good Stewardship, Human Excellence and Distinguishing Assets.
