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Damen Shipyard Issues 2022 Corporate Social Responsibility and Sustainability Report

Posted on August 22, 2022

The past few years have certainly not been the calmest we have ever had. And even now, they still aren’t. That applies not only to us, the Damen Shipyards Group, but also to society throughout the world. Corona and the war in Ukraine have had, and continue to have, a huge impact.

With two offices in Mykolayiv and Cherson, and more than 200 colleagues in Ukraine, much of our care and attention has gone to them and their families in recent months. But the measures against Russia are also demanding for us, and they have far-reaching implications.

In the past three years, after a period of substantial losses, we have also been concentrating on getting our company back on track economically. We have been successful. We have re-oriented our strategy and cleared the decks. Although the process has been painful at times, non-core assets have been sold, underperforming parts of the company have been reorganised or closed, and real estate has been divested. Management has been replaced, vexed issues addressed, and lingering difficulties resolved. We have given top priority to accelerating professionalisation and the ongoing development of the administrative reporting function in order to enhance control and enable the comprehensive de-risking of operating activities.


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