Corporate Social Responsibility by Venko

www.venko.nl

Inhoudsopgave

CSR Program 8

Improvement plans 18

22

Company Profile 4

Policies 11

Certificates, Product Labels and Assessments 19

24

CSR Declaration 6

CSR Measures

Awards and rankings

13

20

This report is based on the CSR information of Venko Groep B.V. on the FIRA Platform. The information in this report has been verified by FIRA Sustainability. The verification statement is included in this report.

Formal name Venko Groep B.V.

Chamber of Commerce number

04068806

Contact person Mark Boermboer@brandsafway.com06-20547016

Website www.venko.nl

Basic CSR Report published on 28-8-2018

By FIRA Sustainability based on moderate assurance

Publication

Verification

4 - Company Profile 5 - Company Profile

Delivering exceptional service, quality and value, Venko assures the integrity and extends the lifespan of our customers assets.

Venko provides a full range of integrity solutions, including; project management, technical support, coating inspections, surface preparation, coating applications, access solutions, insulation, fire protection, composite repair technology.

Vision

Venko is and remains leading and aims to be the best in the business of metal preservation within the Benelux and the

North Sea.

Mission

We are a reliable, solid, no-nonsense company with a steady profitability that ensures continuity to employees, customers and suppliers. With everything we do safety and integrity transcend all other objectives. We distinguish ourselves through our professional knowledge and the high quality of our processes and activities.

Our aim is to work in close cooperation with our customers to achieve the optimal result.

Core Values

Dedication, we really go for it.Integrity, we do what we say.A focus on clients, you are important.Continuity, by developing we keep improving ourselves.Success, we want to be proud of our joint achievements.

View on Corporate Social Responsibility

CSR is part of our culture within Venko. As a result of being certified for many years, on the CO2 achievement ladder and our high working standards it is fully integrated in all our processes. Brand Industrial Services, known as BrandSafway, has acquired Venko Groep B.V. since 1-1-2018. Moving forward, the company will operate as Venko, a BrandSafway company and has become a part of Brand Energy & Infrastructures in Europe.

Company Profile

CSR 2018

Brand is convinced that Corporate Social Responsibility is the only way of doing business,which will lead to a better future for all involved current and future stakeholders. This future concerns the aspect of People, Planet and Profit.

Sustainable development of the organization starts with good employment practices. Internal as well as external stakeholders are actively involved in this sustainable development.The requirements and wishes of these stakeholders (as a supplement to the legal framework) are seen by Brand as a necessary input with respect to further joint development.Compliance with the applicable legal and the stakeholders requirements are therefore an absolute minimum that must be met.

The core values of Brand are also an integral part of doing business within Brand.And the success of Brand is partly determined by the success of the stakeholders on the three CSR aspects mentioned above. When the ratio between the three P’s is out of balance, this will have an adverse effect on the continuity and profitability of the organization.A good balance is achieved by:

People

The people are central to Brand, not only within Safety but also within the area of Health and Well-being. This concerns all employees who work for Brand.Brand not only wants to focus on current employees but also on future employees.Good employership looks ahead. Here, too, Brand closely involves the stakeholders in developments within Brand. In Brand’s vision these stakeholders also determine thefuture of the organization.

Planet

Where Brand undertakes, the consequences of doing business are taken into accountWithin the direct and indirect surroundings. Brand's activities are organized in such a way

CSR Declaration

7 - CSR Declaration6 - CSR Declaration

that they’ll have a minimal impact on the environment on short term, but also on long term.Reduction of CO2 emissions, energy consumption, and managing waste flows are central to

this. In addition, there is increasing attention for the circularity of product.

Profit

Only by means of Corporate Social Responsibility can Brand show continuity in thebusiness operations, be a reliable partner for all its stakeholders and its growth ambitionsfor the future.

Brand has set goal to get within a year after the initial certification for the CSR performance ladder level 2, certified for level 3.

John SimpsonManaging Director

Work for Vulnerable Groups

(Social Return)

Ambition: Our ambition regarding work for vulnerable groups focuses mainly on low educated employees and people with a small physical disability. We try to offer a decent job with the possibility for making a career.Policies: Code of conductCSR Measures: Employment of vulnera-

ble personnel

Contracts and Social Obligations

Ambition: Venko always wants to comply with applicable laws and regulations. There will be no distinction on this subject for our own staff, subcontractors or temporary hired staff.Policies: Code of conductCSR Measures: Control measure temporary employmentStatus: We are convinced that we act according to applicable laws and regulations.

Health and Safety at Work

Ambition: Keeping our employees and

contractors safe and well is our top priority, no

matter where they are working. Our ambition

is to achieve Goal Zero. Everyone working for

Venko strives to achieve this goal each day.

Objectives: Incidents: Our ambition is to

achieve Goal Zero. (IF = 0; zero incidents).

Policies: General safety introduction,

Participation in various memberships on

safety and environment, Code of conduct ,

Smoking policy, Alcohol & drugs, Safety,

Health, Environment and Quality statement

CSR Measures: Safety on the work floor,

Sustainable employability of employees

Certificates: VCA Petrochemistry, FPAL

The CSR Program contains the operational strategy of Venko for the most relevant CSR issues. Detailed descriptions of the Policies, Measures and Certificates mentioned here can be found in the relevant chapters below.

CSR Program Employability and Human Development

Ambition: Within Venko we think it is really

important to develop our employees to reach

a higher level. Through different kinds of

education, employees can reach a higher level

by developing their knowledge and skills within

their job. With more knowledge there will be

less mistakes and the work environment will be

better if employees feel that they have a good

connection with the organization as well as

their tasks.

Policies: Code of conduct, Employee

development

CSR Measures: Sustainable employability of

employees

Pollution

Ambition: The environmental policy

focusses on the prevention of harming and

inconveniencing the environment as a result

of activities taking place. If this is practically

impossible, the company aims to keep it to a

minimum.

Policies: Prevention of pollution, Participation

in various memberships on safety and

environment, Safety, Health, Environment and

Quality statement, Code of conduct

CSR Measures: Prevention of environmental

damage

Certificates:ISO 14001

Improvement plans: Reuse of paint residues

Circular Economy: Sustainable Paint

Ambition: We aim to keep our environmental

footprint as low as possible. We are always

looking for new initiatives such as more

sustainable coating applications.

CSR Measures: Sustainable use of materials,

Social and sustainable initiatives

Energy Efficient Mobility

Ambition: Venko has set a goal to reach

an energy reduction of 20% in the year 2018

relative to the reference year of 2010. Mobility

is a really important factor in our footprint.

Venko aims to reduce CO2 emissions of

transport as much as possible. We want to

reduce in fuel emissions with good planning

of our transport and making a policy in the

maximum kilometers and hotel stays.

Objectives: CO2 reduction scope 1: Our aim is

to achieve in 2018 a 20% reduction.

CO2 reduction scope 2: Our aim is to achieve

in 2018 a 20% reduction.

CO2 reduction scope 3: Our aim is to achieve

in 2018 a 5% reduction.

Policies: Lease policy, Safety, Health,

Environment and Quality statement

CSR Measures: CO2 reduction and mobility

Certificates: CO2 Achievement ladder

Human Rights

Labour

9 - CSR Program8 - CSR Program

Environment

Sustainable Procurement

Ambition: Our ambition is to improve

sustainability throughout the whole chain of our

services that we provide. We want to achieve

that at least 50% of our important suppliers is

certified for either CO2 achievement ladder or

CSR in 2020. In the future we want to check

all of our suppliers on CSR subjects in the

purchase phase.

Policies: Supplier CSR monitoring, Code of

conduct

CSR Measures: Responsible shoes

11 - Policies10 - CSR Program

Fair operations

Overview of relevant policies, translating CSR ambitions into implementation plans and guidelines for employees.

Alcohol & drugs

There is a zero tolerance policy on using

alcohol & drugs during work.

Code of conduct

Our code of conduct is a set of rules outlining the social norms and ethical rules and responsibilities of our employees and organization. This code also applies to our suppliers.

Employee development

All our employees have a chance to develop themselves. They have the possibility to set up a development plan along with our HR department.

General safety introduction

A general introduction for all staff including temporary personnel.

Lease policy

Regulation company cars.

Participation in various memberships on

safety and environment

We are actively involved in several organizations such as: Onderhoud.nl, branch organization painting; HSE life, safety in oil and gas operators; CASOS, improving safety on contract with NAM; NPAL, improving HSE with companies in the North of the Netherlands.

Prevention of pollution

Work procedure from our Venko environmental quality system to prevent pollution of the environment through our activities.

Safety, Health, Environment and

Quality statement

Venko is an international provider of maintenance and integrity services to clients primarily in the energy, petrochemical, utility and industrial sectors. Venko provides services that include surface preparation for metal preservation, access solutions, fire proofing and insulation services. Venko is committed to ensuring, so far as it is reasonably practicable, no harm to the environment whilst conducting our operations and activities. As such we recognize our obligation as part of commitment to the Environmental Act and other associated legislations.

Policies

Smoking policy

During work breaks it is allowed to smoke in

designated areas.

Supplier CSR monitoring

Each year we asses our important suppliers

on their performance on CSR. We assess the

presence of ISO 9001 certificates, ISO 14001

certificates and CO2 footprint and ask them

about labour and environmental issues. Based

on the assessment, suppliers can be urged to

increase their performance on the mentioned

area’s or even be exchanged for another

supplier.

13 - CSR Measures12 - Policies

Overview of concrete measures and programs, illustrating how the CSR strategy is implemented in the organization, including actual performance (impact).

Employment of vulnerable personnel

Description: Due to physical demand of our work such as working at height or offshore, employment for people with limitation is very difficult. But the opportunities are considered. At the head office we work with a special contractor (Alescon), to maintain the yard, like removing of weeds and small maintenance. Furthermore Alescon takes care of all post-delivery from the head office. This contractor Alescon is an organization that works together with 6 municipalities within the province of Drenthe to execute the law Social Labour Act.Mid 2018 we offered a deaf person an internship for one year. He receives the ‘Wajong‘ for a minimum allowance for young disabled persons.Impact: Due to the collaboration between Venko and Alescon we give people with fewer labor opportunities a perspective

on work.

Control measure temporary employment

Description: We only work with employment agencies that are VCU and NEN 4400-1 certified. An intake induction form checks the ID, the required certificates and if HSE instructions are provided. This induction form has to be signed off. All in accordance with our overall mantle agreement for the agencies.Impact: Assurance to comply with laws and regulations regarding employment relationships.

Safety on the work floor

Description: Safety on the work floor is a really important issue. Since 2018 we started a new safety behavior program in the organization called ‘Samurai’. The program is built on 3 themes. Before work (knowledge), during work (system) and after work (behavior). This kind of system is also applicable for incident investigations. In the general introduction we have the policy to follow our 'EHS introduction course'. All the employees have to sign a form that they received all instructions. Our HR department is responsible for this action. On all our locations our SHEQ-plan is displayed as a poster on the walls. We have also introduced a Last Minute

CSR Measures

Human Rights

Labour

Risk Assessment to create more safety awareness.Impact: If we work with all the measures and initiatives we take to create a high safety culture, this should result in our goal of zero incidents.

Sustainable employability of

employees

Description: Our work is physically demanding. A lot of effort is made to make sure that employees reach their retirement in good health. We offer a voluntarily physical test with advise to improve employees health. We also aim to reduce absence through illness.Furthermore we have a Brand Learning Network. Brand values the commitment to learning and complying with organization wide rules and regulations. As such, we have invested in the opportunity to provide a user friendly interface where you can gather more knowledge as you progress along your career path. We also have a training plan which contains courses focused on health & safety, quality and professional knowledge . The input for the training plans are a result of the performance appraisals and appraisal interviews. Since the takeover by Brand, Venko is included in the department absenteeism and health statistics. Actions will be implemented for the re-integration of our employees to reduce our absenteeism figures.Impact: In 2017, our absenteeism figures increased with 34% relative to the year before. Sadly we had some long-term illness in the organization.

Employee satisfaction

Description: Venko Group aims to periodically perform an employee satisfaction survey (last time in 2014). As Venko is growing as a company and operates more and more internationally, management believes it is important that employees are committed to the associated core values of the company. In addition to the annual HSE day, where all branches and employees are invited, other initiatives have been launched. A newsletter is being sent periodically and the 'pizza session' started with the topic “Venko in 2030”. This is an informal interactive session to discuss the opportunities and risks for Venko until 2030. Certain themes are worked out in working groups. The input is appreciated by the management and employees experience involvement on Venko's future.Impact: With these measures, Venko aims to keep its employees involved in company development, and to increase employee satisfaction. A new satisfaction survey will be conducted in 2018.

WeCare CSR magazine

Description: Four times a year Brand issues a WeCare CSR magazine for our employees as well our other stakeholders.Impact: We create more awareness

internally as well externally for our CSR measures and initiatives.

Prevention of environmental damage

Description: All blasting grit, coating residue and other chemical waste are disposed correctly by a qualified company. On project locations precautions are made to prevent that residue material could damage the environment. Grit extractors are used to make sure that there will be no grit waste on project sites, and the environment will be protected. The grit will be recycled so it can be used again once dust is removed from the grit. In the end we have less waste and we use less grit for our services. Our grit supplier is responsible for taking care of the waste. They arrange a waste company for the disposal from the projects sites to the final destination Attero.Impact: In 2017, we had 6 more environmental incidents than the year before. All of the incidents happened on one of our biggest projects where environmental damage was a really important thing to monitor. Even the smallest and near-misses incidents where documented to learn from it in the future.

Sustainable use of materials

Description: As an abrasive, we now use the residual remaining from coal plants

(copper-slag). Because of the reduction in the number of coal plants, we are looking for alternatives, like laser cleaning and ice blasting. Wherever possible we reuse blasting grit several times.Impact: Venko strives to work together within the sector and suppliers to improve on sustainability throughout the value chain. At the moment there is no quantitative impact, but this will change in the future.

CO2 reduction and mobility

Description: In order to achieve a reduction on CO2 emission we decided to purchase green energy for all our locations, except for the Den Helder branche. With regard to mobility, we are challenging company car drivers to drive economically. Annually we award the best driver of the contest ”Driving Style Ranking”. We also structurally measure the tire pressure in order to drive economically.Impact: Between 2010 and December 2016, we have reduced our carbon emissions with 12%. Our CO2-footprint reduced 6,24 % in 2017 in reference to

2016.

Social and sustainable initiatives

Description: We want to make an effort to the local Salvation Army, a non-profit organization that supports people in the underclass. We support them financially in their mobility needs (surveillance car). Also we decided that once we are working on projects on amusement parks, we will arrange certain entry tickets for the non-profit organization 'PlekZat'. This organization is supporting children that cannot live at their homes anymore.

Environment

15 - CSR Measures14 - CSR Measures

17 - CSR Measures16 - CSR Measures

Besides these initiatives, we have decided to reuse obsolete stationary as scrap paper (notebooks and notepads; supplier EnvelopeBook). Impact: The impact of the initiatives cannot be measured. We just feel the need to implement these kind of charity initiatives to support the social environment.

Responsible shoes

Description: We decided to purchase safety work shoes, needed for our employees, only if the production is child labor free. We have selected the manufacturer of the Emma - Billy work shoes who meets these requirements.Impact: Less child labor in the supply chain.

EthicsPoint Hotline

Description: The Brand Ethics Point Hotline is a communication tool and is offering a way to report issues in a confidential way 24/7.Impact: Creating a confidential work environment for our employees.

Customer Satisfaction and Complaints

Handling

Description: Customer satisfaction is very important for Venko. This is monitored by our quality management system, which measures customer satisfaction (on a scale of 1 to 5) and complaints.Impact: The number of abnormalities (including complaints) has increased significantly from 32 in 2016 to 122 in 2017. The average customer satisfaction has reduced from 3,9 in 2016 to 3,6 in 2017. A big influence in the drop of the figure is CO2 awareness, which most of the response was a score 3 which means they are neutral on the subject. A significant part of our customer base has no affinity with this topic in the work atmosphere activities and responded in the customer satisfaction survey form with “not applicable” or “neutral”. As of next year the sales department is responsible for monitoring the customer satisfaction. In case there is a low response or a lower degree on the forms they will ask feedback from customers to improve our customer satisfaction.

Automated external defibrillator (AED)

for the community

Description: We recently registered our AED on the heart foundation(HartStichting.nl). Our AED's can now be used for everyone

who receives an emergency call when someone has a heart attack. In the Red Cross smartphones App, the AED's are located for anyone who wants to know where to go when they need an AED.Impact: It could save lives if there are more AEDs within the area, so the arrival time to a victim will be much shorter.

Community

19 - Certificates, Product Labels and Assessments18 - Improvement plans

Reuse of paint residues

Paint residues (also stock that is out of date) is now discarded as chemical waste. We are now looking at options

Overview of plans to improve or expand the CSR program.

Improvement Plans Certificates, Product Labels and Assessments

CO2 Prestatieladder

ISO 9001

ISO 14001

VCA Petrochemistry

FPAL

Registered Learning Company

Level 5. Execution of blasting and preservation activities for metal

preservation mobile on locations in all variety of applications and surfaces.

Applicable for: Venko Groep B.V., Venko Materieel Beheer B.V., Venko

Schilderwerken B.V., Venko Schilderwerken Arnhem B.V., Venko Straal-

en Coatingbedrijf Hoogeveen B.V., Venko Cobi-Neutra B.V., and Venko

Offshore Ltd.

Execution of abrasive blasting and coating activities for metal preservation.

Applicable for: Venko Groep B.V., Venko Materieel Beheer B.V., Venko

Schilderwerken B.V., Venko Schilderwerken Arnhem B.V., Venko Straal-

en Coatingbedrijf Hoogeveen B.V., Venko Cobi-Neutra B.V., and Venko

Offshore B.V.

Execution of abrasive blasting and coating activities for metal preservation.

Applicable for: Venko Groep B.V., Venko Materieel Beheer B.V., Venko

Schilderwerken B.V., Venko Schilderwerken Arnhem B.V., Venko Straal-

en Coatingbedrijf Hoogeveen B.V., Venko Cobi-Neutra B.V., and Venko

Offshore B.V.

Execution of abrasive blasting and coating activities for metal preservation.

Applicable for: Venko Groep B.V., Venko Materieel Beheer B.V., Venko

Schilderwerken B.V., Venko Schilderwerken Arnhem B.V., Venko Straal-

en Coatingbedrijf Hoogeveen B.V., Venko Cobi-Neutra B.V., and Venko

Offshore B.V.

To Venko Offshore B.V.

Venko Groep B.V. is a registered learning company.

Overview of certificates, product labels and other assessments by independent third parties.

for returning it to the paint manufacturers for reuse. Implementation date: 1 October 2018

Overview of awards, rankings and other recognitions issued by third parties.

Customer satisfaction award at National Painting Award

Venko Schilderwerken B.V. won the customer satisfaction award in 2015 at National Painting Award. They received it on October 29th 2015 from Eisma Bouwmedia who is the publisher of the SchilderVakkrant. https://www.venko.co.uk/news/venko-schilderwerken-b-v-wins-the-customer-

satisfaction-award-2015/

Lean and green award

One of the demands within the certification scheme is to participate in an recognized initiative. The initiative that was chosen is, Lean & Green which is focused on CO2 reduction in the logistical process.

ROSPA Safety Award Confirmation

Venko Offshore Limited received the RoSPA Safety Award from The Royal Society for the Prevention of Accidents in August 2016 for her examplary safety preformance. You can find more information on: https://www.rospa.com/awards/winners/2016/gold-awards/

Sector award metal conservation

As the first company ever, Venko received this award from Savantis, in recognition of its excellent training program for employees.

Awards and Rankings

20 - Awards and rankings 21 - Awards and rankings

There is ambition, including policy, certificates or improvement plans on this issue.

No initiatives have been disclosed.

There are specific measures that contribute in a positive way to mitigate risks or realise opportunities.

The ambition has been translated into clear goals, that are monitored periodically.

Tangible CSR-impact has been realised on all relevant aspects of this issue.

Tangible impact

Policy & Certificates

Targets & KPI's

CSR Measures

CSR Scorecard Venko

CSR performance of this organization is assessed annually by FIRA Sustainability. Scores are based on the maturity of the CSR program, whether it matches the activities and size of the organization, as well as the level of ambition and actual impact.

Work for Vulnerable GroupsISO 26000 Class: Discrimination & vulnerable groups

Contracts and Social ObligationsISO 26000 Class: Employment relationships

Health & Safety at WorkISO 26000 Class: Health and safety at work

Employability & Human DevelopmentISO 26000 Class: Human development

Current performaceHuman Rights Environment

Fair Practices

Labour Practices Current performace

22 - CSR Scorecard Venko

Current performace

Current performace

23 - CSR Scorecard Venko

PollutionISO 26000 Class: Prevention of pollution

Circular Economy: Sustainable paintISO 26000 Class: Sustainable resource use

Energy Efficient MobilityISO 26000 Class: Climate Change

Sustainable ProcurementISO 26000 Class: Promoting social responsibility

Assurance statement

Venko Groep B.V. (further referred to as Venko) has commissioned FIRA Sustainability B.V. to provide

external assurance on the reliability of its Corporate Social Responsibility information as presented in

the FIRA Platform. This statement is issued to Venko based on our assessment of the content, including

underlying systems and available evidence, as disclosed in the Company Basic CSR Report and CSR

Scorecard. This statement is intended for clients and other stakeholders who have a professional interest in

Venko sustainability performance and opportunities.

Scope The scope for this assignment is: Blasting and other preservation activities for the protection of metal

constructions by Venko Groep B.V. (chamber of commerce 04068806) based in the Netherlands, including

activities of all its wholly owned foreign and domestic subsidiaries.

CSR Report: Basic Venko expresses commitment to the principles of corporate social responsibility, and discloses its ambition

on CSR issues as prioritized by FIRA, including management approach, policies, measures and plans.

Methodology & Work Undertaken FIRA facilitates organizations processing the sustainability information in the FIRA Platform. FIRA ensures

that the assessment team possesses the required competencies and adheres to the principles of auditing

regarding ethical conduct, professional integrity, and independence. FIRA verifies all claims and information

in accordance with the standard particular to the Basic CSR Report (see FIRA Platform Protocol for details).

Claims and related information in the FIRA Platform were reviewed based on the evidence made available by

Venko to FIRA to determine the plausibility of information.

Conclusion Venko reports about initiatives and performance related to sustainability. Based on the work undertaken, we

conclude that the claims and information portrayed through its Basic CSR Report in the FIRA Platform are

reliable.

The value of FIRA participation is found in transparency on actual CSR performance

information as disclosed in the FIRA Platform. Please visit www.fira.nl to request access.

24 - Assurance statement

Summary FIRA Comments We compliment Venko on initiatives undertaken. Please find a summary of our comments as published in in

the FIRA Platform below:

- Balance & Completeness: Management approach has been formulated, we encourage Venko to disclose

clear objectives on all relevant CSR issues to monitor progress. We compliment Venko with policies and/or

practices covering all relevant CSR issues, as well as other issues deemed important by Venko.

New practices focus on social dialogue, sustainable resource use, ethical conduct, sustainable procurement,

community, and social investment. Other practices are focused on climate, employment relations, social

return, prevention of pollution, health and safety, use of sustainable materials, customer and employee

satisfaction

- Code of Conduct: A company code of conduct is in place.

- Commitment to CSR: A company specific CSR declaration of corporate Brand Energy & Infrastructures is

in place, including commitment to progress on relevant CSR issues. We encourage Venko/Brand

to include general CSR principles on accountability and transparency, compliance with laws and

international standards, as well as respect for stakeholders and human rights.

Date of issue: August 28, 2018

(Company CSR information is re-assessed on annual basis).

On behalf of FIRA,

Mrs. J. Chatelain

Director Reporting and Assurance

25 - Assurance statement

This report has been assembled from the CSR information of Venko as registered in the FIRA Platform. The information in this report has been verified by FIRA Sustainability. An assurance statement has been included in this report.

Name

Street

Zip code/City

Country

Venko Groep B.V.

Marconistraat 1a

7903 AG, Hoogeveen

The Netherlands

www.venko.nl