Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Social Responsibility (CSR)

Climate Goals & Targets

Environmental Challenges

• Difficult economic conditions
• Losses increased for regional construction companies, several specialized companies, and one major project
• Operating loss of 30 million euros

Mitigation Strategies

• Drastic reorganization of regional construction companies in 2014
• Measures taken in two specialized companies in 2013
• Adaptation of the organization to sustained adverse economic conditions
• Accelerated shift in company profile from traditional markets to major integrated projects market

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Circularity
• Biodiversity
• Health & Safety
• Human Resources
• Responsible Business Conduct
• Quality assurance & quality control
• Digital Transformation & Innovation

Environmental Achievements

• Reduced CO2 emissions by more than 40% compared to 2019.
• 100% green electricity supply for Dutch construction sites.
• Approximately 14% of total diesel use replaced with HVO in 2023.
• Started mapping risks and opportunities regarding resource inflows and outflows in 2023.

Social Achievements

• Substantial decrease in accidents and restricted working hours related to accidents due to Take Care program.
• Successfully maintained level 3 on the Safety Culture Ladder, with some business units achieving level 4.
• Rolled out safety awareness trainings for operational line managers in 2023.
• Implemented a new Occupational Healthcare Provider in 2024.

Governance Achievements

• ISO 37001 certification for Anti-Bribery Management Systems (for Ballast Nedam Infra Projects and Ballast Nedam International).
• Implementation of a new HSE dashboard in 2024 for real-time insight into HSE performance.
• Launched the EVP ‘Our challenge, your playing field’ in 2024.

Climate Goals & Targets

Environmental Challenges

• Reaching zero CO2 emissions in all countries where Ballast Nedam operates due to lack of green electricity in some locations.
• Increasing number of severe and fatal incidents across the construction sector.
• Challenges in measuring failure costs due to data quality and traceability issues.
• Attracting and retaining talented and skilled people in a challenging labor market.

Mitigation Strategies

• Setting separated objectives for international activities and incorporating them into project management plans.
• Implementing the Take Care program to improve safety culture.
• Monitoring and increasing registration of rework activities to gain insight into failure costs.
• Implementing an Employee Value Proposition (EVP) to attract and retain employees.

Supply Chain Management

Responsible Procurement

• Code of Conduct for Subcontractors and Suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: ISO 26000, GRI, CSRD, ESRS

Certifications: CO2 Performance Ladder, NEN-ISO 14001, NEN-ISO 45001, NEN-ISO 37001, Safety Culture Ladder

UN Sustainable Development Goals

• SDG 7
• SDG 8
• SDG 9
• SDG 11
• SDG 12
• SDG 13
• SDG 15

See chapter 2.4 for details on how initiatives contribute to these goals.

Environmental Metrics

ESG Focus Areas

• Decarbonisation
• Circularity
• Biodiversity
• Health & Safety
• Human Resources
• Responsible Business Conduct
• Quality assurance & quality control
• Digital Transformation & Innovation

Environmental Achievements

• Reduced CO2 emissions by more than 40% compared to 2019 (up to 2023)
• 11.8% self-generated renewable power in 2023

Social Achievements

• Substantial decrease in the number of accidents and restricted working hours related to them
• 9% of workforce transferred to another position internally in 2023
• 10% of internships led to employment in 2023

Governance Achievements

• Implementation of Take Care program for Health and Safety
• Implementation of the CARE app for safety observations
• Establishment of Incident Review Panel (IRP)

Climate Goals & Targets

Environmental Challenges

• Increasing number of severe and fatal incidents in the construction sector
• Decreasing general acceptance of HSE risks
• Challenges in achieving zero emissions in all countries of operation due to lack of green electricity
• Challenges in establishing accurate baseline for scope 3 CO2 reduction

Mitigation Strategies

• Radical change in approach to Health & Safety with focus on safety culture
• Development of a separate vision and strategy per country/project for international activities
• Establishment of accurate baseline for scope 3 CO2 reduction in 2024
• Collaboration with leading construction companies, clients, and consultancy firms on safety

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Safety in Procurement (ViA)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: CSRD, EU Taxonomy, CO2 Performance Ladder

Certifications: ISO 37001 (target for 2024), CO2 Performance Ladder

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7
• SDG 9
• SDG 11
• SDG 12
• SDG 13
• SDG 15
• SDG 8

Contribution to sustainable infrastructure, energy transition, circular economy, biodiversity protection, and decent work

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed