Koninklijke BAM Groep NV

Lobbying Governance

AI Extracted Evidence Snippet Source

BAM shall facilitate such a dialogue unless, in the opinion of the Executive Board, this is not in the interest of BAM. To assess whether or not a contact/dialogue with stakeholders is appropriate and in the interest of the company, BAM may request to be informed in advance in writing of the objective, the subjects to be discussed and the views of the stakeholder concerning these subjects. If BAM decides to enter into contact/dialogue with stakeholders, BAM shall determine the method(s) of engaging that are best suited to the purpose of the engagement. BAM will primarily be represented by the members of the Executive Board in contacts with its stakeholders, assisted by the manager investor relations or the manager public relations. BAM may involve other employees or advisors of the company in contacts with external stakeholders, taking into account their expertise, background and seniority. [...] BAM recognises the importance of lobbying activities in aligning industry practices with sustainability standards and predominantly engages in lobbying or political advocacy through trade associations. As a key player in shaping the built environment, we aim to drive society and the construction industry towards a more sustainable future, contributing to global efforts to limit global warming and building resilient and energy-efficient communities. BAM is committed to ensure our lobbying activities are in line with the Paris Agreement's goals and our ambition 'Building a sustainable tomorrow'.

https://www.bam.com/en/sustainability/dialogue-with-stakeholders

BAM's engegament activies are through trade associations, mainly through the Dutch organisation Bouwend Nederland. BAM's COO the Netherlands is part of the board of Bouwend Nederland and oversees if their activities are in line with BAM's Sustainable commitments.

https://www.bam.com/sites/bamc/files/2024-10/royal-bam-group-nv-2024-cdp-corporate-questionnaire.pdf

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]BAM updated its Code of Conduct in 2019 and Sustainability is included as integral topic in the Code. A training on the Code of Conduct is mandatory for all new employees and after the 2019 update all existing employees also had to renew their Code of Conduct training. By the end of 2021, more than 93% of BAMs employees successfully finished the Code of Conduct training. BAM has also internally published a Sustainability policy, where BAM's strategy, ambitions and objectives are outlined. This policy is available for all employees and provides guidelines of the position of BAM on different sustainability topics, including climate change strategy. BAM's sustainability policy, strategy and agenda are developed by BAM's Corporate strategy department (the sustainability department is in fact part of the strategy department) and the Executive Board. Climate change is an explicit part of the Group's sustainability strategy. Within the Executive Board an ambassador is appointed for BAM's sustainability (including climate change) strategy, which is communicated throughout the company and to all senior staff members. These senior staff members are involved with policy engagement and match their activities to the overall collective strategy, including the sustainability strategy/policy. BAM's Sustainability Department is involved in developing and communicating the strategy and agenda and aligning stakeholder engagement initiatives to the overall collective strategy. This is done through quarterly meetings with the Executive Board. During these meetings, topics typically discussed are BAM's performance on sustainability targets (CO2 emission and waste reduction) and market/policy developments. As a global organization, BAM sits on various internal and external committees to influence policies. All commitments and involvement are discussed and agreed in cooperation with the Sustainability Department and the broader 'Community' members (across all Operating Companies). Where relevant, senior management also endorse or champion BAM's involvement. All involvement concerning influencing policy is aligned and coordinated with BAM's strategy (including climate change action) and carefully managed through BAM's Communication department where necessary.

CDP Questionnaire Response 2022

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes

CDP Questionnaire Response 2023