Social

At Cadeler, people are at the core of everything we do. We are committed to ensuring safe, fair, and inclusive working conditions across our fleet, offices, and value chain. Our policies align with international frameworks such as the UN Guiding Principles on Business and Human Rights, the International Labour Organization’s conventions, and the OECD Guidelines for Multinational Enterprises.

Health & Safety

Safety is our top priority. We believe that all incidents are preventable and aim for zero harm across our operations.

• 100% of employees covered by ISO 45001-certified Health & Safety Management System.

• No fatalities recorded in 2024.

• Three recordable incidents in 2024 (TRIF: 2.43; LTIF: 0.81).

• Safety Leadership Principles: Influence, Intervention, Improvement, Insight.

Diversity, Equity & Inclusion

We strive to foster a workplace where everyone can thrive.

• Women represent 30% of the Senior Leadership Team.

• Workforce age split: 12% under 30, 62% between 30–50, 26% above 50.

• DEI policy promoting equal opportunities regardless of gender, nationality, religion, orientation, or background.

• Commitment to a multi-cultural, multi-national, LGBTQ+ inclusive culture.

Employee Engagement & Rights

• Freedom of association is fully respected; employees may join unions and professional associations.

• Confidential “Speak Up!” channel available for concerns and grievances.

• In 2024, 10 complaints were reported; none related to discrimination or severe human rights breaches.

Cadeler’s responsibilities extend beyond our direct employees to those who work across our supply chain.

Supply Chain Standards

All suppliers must comply with the Supply Chain Code of Conduct :

• No forced or child labour.

• Commitment to health and safety.

• Non-discrimination and equal treatment.

• Freedom of association and collective bargaining.

• Access to grievance mechanisms.

Risks & Impacts

• Elevated risks of workplace accidents in offshore and construction industries.

• Risks of labour rights violations in certain geographies.

• Concerns around systemic issues such as low wages, inadequate training, gender inequality, and harassment.

Human Rights Due Diligence

In 2024, Cadeler conducted its first Global Human Rights Impact Assessment:

• Mapped risks across supply chains.

• Benchmarked practices against industry peers.

• Identified gaps and improvement areas.