IADC: Dredging in Figures 2016
- Business & Finance
The International Association of Dredging Companies (IADC) today released their annually review of the global dredging market – Dredging in Figures 2016.
This paper highlights essential information about the dredging industry, which is divided into three sections – Corporate Social Responsibility (CSR) that includes sustainability, emissions and safety, the drivers of the dredging industry, and the turnover in the open markets of the industry.
Through CSR activities, companies aim to assume responsibility for their actions and towards the environment, consumers, employees, communities and other stakeholders.
CSR efforts of major dredging companies include programs for sustainability, community involvement, fuel emissions reductions, in-house safety programs and extended education for employees.
Sustainable development is a major aspect of the CSR strategies within major dredging companies.
Companies view environmental issues as a serious matter and realize projects and dredging activities in compliance with their environmental policies and goals.
Dredging contractors are considering biofuel alternatives, utilizing biodegradable lubricants, reducing carbon emissions and implementing vessel recycling policies for controlled and monitored ship dismantling.
The industry is voluntarily circulating information to the public regarding the positive or negative effects of dredging in areas where projects are being undertaken. These activities are putting the concept of ecosystem services (ES) into practice.