BAM N.V. Euronext + CSRD DMA, Heijmans N.V. 2024 7 material themes, Boskalis HAL consolidates post-delist Nov 2022, CSRD NL transposition delayed.
Dutch listed-parent / PE-portfolio compliance workforce against Royal BAM Group N.V. (Euronext Amsterdam; 2024 annual report explicitly CSRD-aligned with double-materiality analysis), Heijmans N.V. (Euronext Amsterdam; 2024 Annual Report 3 March 2025 "fully prepared in accordance with CSRD"; 7 material themes incl. own employees + employees in value chain), Royal Boskalis Westminster N.V. (delisted Euronext Nov 2022; HAL Holding Curaçao-listed consolidates), TBI Holdings B.V. (not listed, steward-owned; CSRD applies via large-undertaking threshold), and VolkerWessels — CSRD transposition delayed; EU Commission opened infringement procedure against NL for failure to transpose by 6 July 2024 deadline; implementation via Implementatiebesluit + Wet implementatie richtlijn duurzaamheidsrapportering amending Wft + Wta + Wab + BW; ESRS S2 applies via direct EU effect for in-scope listed entities pending NL transposition.
Request Technical BriefingRegulator exposure profile
- CSRD + ESRS S2 (NL delayed)28%
- Årsredovisningslag-equivalent BW amendment24%
- WagwEU + WKA cascade26%
- AFM listed-company rules22%
NL listed-parent disclosure exposure axes.
Dutch listed-parent disclosure matrix against BAM, Heijmans, Boskalis (HAL), TBI Holdings, VolkerWessels × CSRD / ESRS S1 / ESRS S2 / WagwEU axes. CSRD NL transposition delayed; EU infringement opened.
| BAM N.V. | Heijmans N.V. | Boskalis (HAL) | TBI Holdings | VolkerWessels | |
|---|---|---|---|---|---|
| CSRD scope | covered | covered | covered | covered | covered |
| ESRS S1 own workforce | covered | covered | covered | partial | partial |
| ESRS S2 value chain | covered | covered | covered | partial | partial |
| NL transposition | upgrading | upgrading | upgrading | upgrading | upgrading |
- Direct EU effect
- Conditional
- NL transposition delayed
- Out of scope
BAM 2024 DMA performed; 7 material themes incl. value-chain workers.
Named projects in this jurisdiction
- Royal BAM Group N.V. (Euronext Amsterdam; 2024 annual report CSRD-aligned with double-materiality analysis; FY2024 €6.5 bn revenue + 13,200 employees + €11.7 bn order book) Royal BAM Group N.V. 2024
- Heijmans N.V. (Rosmalen; Euronext Amsterdam; 2024 Annual Report published 3 March 2025 "fully prepared in accordance with CSRD"; 7 material themes incl. ESRS S1 own employees + ESRS S2 workers in value chain) Heijmans N.V. 2025
- Royal Boskalis Westminster N.V. (delisted Euronext 9 November 2022 after HAL Holding 98.3% takeover $2.3 bn; HAL Curaçao-listed consolidates — CSRD obligations cascade) Royal Boskalis Westminster (HAL Holding) 2022
- TBI Holdings B.V. (Rotterdam; not listed, steward-owned structure; CSRD applies via large-undertaking threshold) TBI Holdings B.V.
Dutch listed-parent / PE-portfolio landscape: BAM (Euronext; CSRD DMA), Heijmans (CSRD 7 themes), Boskalis (HAL consolidates post-Nov-2022 delist), TBI Holdings (steward-owned), VolkerWessels. CSRD NL transposition delayed; EU infringement opened. ESRS S2 direct EU effect.
01. Pre-pricing — CAO Bouw & Infra + ESRS S2 cascade
Construction workforce under CAO Bouw & Infra. ESRS S2 value-chain disclosure for parent consolidation per BAM/Heijmans/Boskalis listed-parent reporting.
02. A1 + Dutch-language contract + WagwEU + CSRD documentation
A1 + Dutch-language contract predate site arrival. WagwEU portal registration + CSRD-aligned ESRS S2 workforce data flow to listed parent.
03. NLA + AFM onboarding
NLA operational supervision. AFM listed-company disclosure compliance per BAM/Heijmans.
04. NLA + AFM-defensible evidence pack
Minimum pack: NL-bank-traceable remuneration, Dutch-language contract, A1 receipt, CAO Bouw & Infra tariff reconciliation, ESRS S2 worker-level data per CSRD parent consolidation.
05. India and Gulf sourcing corridors — the Netherlands listed-parent pathway
Indian and Gulf pools route through CAO Bouw & Infra + ESRS S2 audit-grade chain-of-custody documentation per BAM / Heijmans / Boskalis / TBI / VolkerWessels parent consolidation.