MB92 Group - Annual Sustainability Report 2021

Annual Sustainability Report 2021

Foreword

By Pepe García-Aubert, MB92 Group Chairman

Stepping up to the sustainability challenge

This report is our first full-year sustainability report since we launched our 5-Year Sustainability Plan in 2021.

The industry landscape is continually shifting and much has changed since then. However, the consensus is that inaction is not an option. Recent United Nations forecasting paints an alarming picture, and greater urgency is required to remain below the 1.5ºC temperature increase limit established in the Paris accord.

In September 2021, we published the first of our sustainability reports. “The Future of the Oceans: Navigating towards a sustainable superyacht industry” laid down a gauntlet to address the challenge facing our industry and livelihoods. The report highlighted how the next 10 years will be critical but there are shoots of

positivity with innovative and smart solutions in development, with many easily attainable options that can make an impact today.

Another key area for attention is the availability of data, or lack thereof. As part of our sustainability plan, much effort has been placed into the monitoring and sharing of data. As Anchor Partners of the Water Revolution Foundation and Corporate Members of the SEA Index, we are helping to support the production of tools for owners and the industry as a whole to make informed decisions to future-proof their yacht and improve ocean health.

We are seeing evidence that the appetite is there from owners, and it is therefore our responsibility to provide the means to make this transition as easy and costeffective as possible.

A closer look at 2021

This last year saw a record level of production across both sites, with over 180 projects completed despite the challenges posed by the pandemic. This was achieved while reducing our carbon footprint related to operations and energy consumption by 92%, through the implementation of new technologies and the adoption of best practice procedures.

In La Ciotat, work progressed on our 4,300t shiplift project, the most sustainable project of its type in the world, with inbuilt features helping to improve biodiversity and preserve water quality in the area. In Barcelona, we completed our electrification project supplying 100% green energy to our facilities and clients, representing a significant contribution to our carbon footprint reduction. Offering all yachts the possibility to plug into shore power eliminates

the need to run on generators and dramatically reduces emissions.

We also installed photovoltaic panels with a capacity of 124 kWp in our Barcelona facilities to contribute to our energy demands.

We continue to engage with our contractor network on everything, from shipyard policies to supply chain, to foster a culture of environmental responsibility and encourage projects that seek to provide innovative solutions to sustainability issues. We are also liaising with local and industry institutions to collaborate on policy, regulations, blue economy initiatives, as well as education and awareness campaigns.

Looking forward

We are satisfied with the progress made in 2021 and look forward to seeing how we go further in 2022. The new 4,300t shiplift will be a welcome addition to our facilities in Autumn 2022. Hauling yachts out of the water allows much greater control over all environmental factors. Everything from GHG emissions, run off, to spills and waste management can all be contained and processed correctly.

Our new Fittings Cente in Barcelona, a dedicated paint and storage facility for fittings, will be a game-changer for production and sustainability. Equipped with the latest technology including scrubbers and environmental controls, the centre will improve efficiency and reduce emissions.

Finally, another year forward and we will have more data available, enabling us to assess our progress, make any

necessary amendments, and share our results with our stakeholders.

As a leading voice in our industry, we will use our position to support our clients, contractor network and communities to move towards a sustainable future.

We are committed to moving forward, one sustainable step at a time.

Pepe García-Aubert MB92 Group Chairman

Our commitment

All of us at MB92 share a passion for the sea and are committed to ensuring that future generations have the opportunity to discover the wonders of our oceans.

Introducing our 5-Year Sustainability Plan

We have always maintained a policy of best practice in our operations. In 2020 we decided to go further by making sustainability one of our key strategic pillars and embarked upon a new journey – one that will lead us to ultimately becoming a truly sustainable group of shipyards.

Developed following an extensive situational analysis and in line with the UN’s 2030 Agenda for Sustainable Development, our Sustainability Plan focuses on 6 key areas for 2021-2025:

Reducing the shipyards’ carbon footprint

Reducing combustible gas emissions

Minimising non-recoverable waste

Improving port and sea water quality

Reducing VOC emissions

Improving social responsibility

The plan follows a cyclical method of understanding through monitoring, external audits and consultation; assessment of the best solutions; and implementation including the setting of a measuring method to gauge success.

The numbers don’t lie

One of the key challenges for us to overcome is the lack of available usable data. As such, we have dedicated a large proportion of effort to implement monitoring and data collection methods to give us an accurate situation analysis as well as to gauge the success of initiatives.

We have worked together with external advisors such as Albert Willemsen, a prominent and experienced profile in this sector, as well as organisations such as the Water Revolution Foundation to support us in this area.

Sustainability as a decision maker

Setting the tone

We are accountable for our own actions as a business, but we also form part of a wider community and consider how the different roles we play - such as service provider, customer, employer, advocate, and investor - influence those around us.

We are one of the leading names in our sector. As such, we will use our position to communicate and engage with our stakeholders to continue to raise awareness on sustainable issues and drive progress in the industry.

Transparency

The success of the plan relies upon it becoming embedded into every part of the business and culture of the organisation. By making it a key strategic pillar and part of our brand identity, it informs every decision we make as a company from corporate decisions to individual day to day choices.

An important part of our plan is oversight and reporting of progress. As such, we publish a yearly sustainability report outlining our actions and deliverables. The oversight committee includes external sustainability auditors and will be EMAS Certified (European Union’s (EU) Eco-management and Audit Scheme).

Materiality

As defined by GRI* Standards and using the assessment criteria from our Non-Financial State Report (EINF) as a basis, legally required for the first time in Spain in 2021, we have developed the materiality to prioritise material topics by significance.

* The GRI Standards (Global Reporting Initiative) enable any organisation – large or small, private or public – to understand and report on their impacts on the economy, environment and people in a comparable and credible way, thereby increasing transparency on their contribution to sustainable development.

Identify and assess impacts on an ongoing basis

Engage with relevant stakeholders and experts

1 2 3

Understand the organisation’s context

Identify actual and potential impacts

Use the sector standards to understand the sector’s context

Consider the topics and impacts described in the sector standards

Assess the significance of the impacts

Determine material topics for reporting

Test the material topics with experts and inform users

4

Prioritise the most significant impacts for reporting

List of material topics

Test the material topics against the topics in the sector standards

Material topics list

As a result of the materiality process, we have created a list of topics grouped by assessment area.

AREAS OF ATTENTION

Governance

LIST OF MATERIAL TOPICS

SIGNIFICANCE OF IMPACT

Business model LOW Compliance MEDIUM Risk management MEDIUM GHG emissions MEDIUM Air quality VERY HIGH Water and wastewater management MEDIUM

Environmental

Circular economy, waste and hazardous materials HIGH Energy management VERY HIGH

Materials sourcing and efficiency LOW Ecological impact LOW

Social and employment

Ecosystems biodiversity LOW Employees HIGH Labour practices LOW Health and safety VERY HIGH

Employee engagement, diversity and inclusion LOW Training LOW

Gender equality LOW Human rights LOW Complaints LOW

Human rights

Freedom of association LOW Employment discrimination LOW Child labour LOW

Fight against corruption & bribery

Community

Business ethics MEDIUM

Prevention of corruption and bribery MEDIUM

Donations and philanthropy LOW

Impacts on local communities MEDIUM

Community relations LOW

Subcontractors relationship HIGH

Competitive behaviour LOW

Customer welfare HIGH

Association and sponsorship LOW

Material Matrix

Our materiality matrix considers the importance placed on sustainable issues for our stakeholders in relation to business impact.

Economic and governance

Environmental Social

An overview

93.43%

Carbon footprint Water 60kg

VOCs

33.9%

Seabin performance | An average waste removal of 60kg per month

We reduced the free solvent emissions from 47.5% to 13.6% (33.9%), the equivalent paint needed for 13,000 standard size cars.

150 football pitches

13,000 standard cars

Waste

1,433kg

Plastic protection re-use pilot test|

Between one third and up to 60% of all cardplast installed was recovered depending upon the project. That could translate into reusing an average of 1,433 kg of cardplast per project. The equivalent surface area to cover 6 basketball courts per project.

Reduction of 93.43% of the carbon footprint on scopes 1 (direct emissions from controlled sources) and 2 (indirect emissions from the generation of purchased electricity) after OPS improvements and green energy certification. The CO2 kg offset equivalent to nearly 150 football pitches of kelp (seaweed). 6 basketball courts

Carbon footprint

Our commitment

We are committed to reducing the impact of our activities on the environment to an absolute minimum.

The final aim is to be carbon neutral by 2050.

Context

We have monitored, measured and modified all activities carried out across both shipyards to ensure a continuous reduction that includes the implementation of electric power alarms, consumption monitoring and automation systems, all seeking to maximise efficiency.

In accordance with the continuous investment policy in our facilities, we have been able to focus efforts on innovative solutions to reduce our carbon footprint effectively. All yachts are provided with shore power connection to the electric grid, supplied by 100% renewable sources, thus eliminating the need to use their own generators. In addition, diesel heaters have been replaced and photovoltaic panels have now been installed in both shipyards.

The installation of photovoltaic panels means energy produced can contribute directly to both shipyards. In addition, energy saving devices have been installed, such as LED lights in the offices and in a repair shed in La Ciotat, as well as light sensors/timers in the toilets and corridors. With the aim to reduce heat loss in paint works, the first few metres of the pipes used to blow hot air during the painting process have been replaced with insulated pipes.

MB92 Group 2021 Consumption in kWh

Total consumption in kWh

These results include consumption in offices, facilities and the yachts connected to the grid.

Diesel consumption in litres

As for the consumption of the Group’s machinery, heaters, generators and vehicle fleet, the fuel consumed during the year 2021 is shown below:

Diesel consumption in litres in the year 2021

MB92 Barcelona 378,924

MB92 La Ciotat 467,098

Actions completed

Installation of 124 kWp solar panels in our Barcelona facilities to complement the existing 680m2 of 100 kWp solar panel coverage in La Ciotat.

Standardisation of aerothermal energy use in paintworks to eradicate the use of diesel heaters.

Actions in progress

Periodical renovation of the offices and buildings to improve insulation and integrate smart technology.

Upgrade of all internal and external lighting to energy-efficient LED.

Design and construction of an auxiliary module that will contain a frequency converter for the current 6.6kV mobile transformer substation.

Availability of a fleet of bicycles for staff personal use in the shipyard or for local journeys.

Completion of electrification project in the Barcelona facilities enabling all yachts across the MB92 Group to be connected to shore power supplied by 100% green energy.

Gradual replacement of company vehicles to electric/hybrid with complete fleet upgraded by 2024.

Expansion of charging points for electric vehicles within the shipyards.

Expansion of the photovoltaic panel installation with additional 300 kWp inside the Barcelona facilities.

Replacement of combustion vehicles and machinery with electric or hydrogen alternatives.

Installation of flexible photovoltaic panels on top of paint tents.

Installation of more energy-efficient office air cooling and heating systems.

Future actions | Energy transition

Use of energy consumption monitoring systems including new features such as alarms and automisation systems to maximise efficiency.

Purchase of an electric generator powered by hydrogen or alternative renewable fuel sources.

Implementation of renewable energy sources in the aerothermal system for paint works.

Purchase of an an electric tender transporter to replace the current one that runs on diesel.

Implementation of the Power BI consumption and electricity generation control software.

Substitution of gasoil for lowcarbon fuels (obtained through circular economy practices: recycling of waste such as animal fat, sewage sludge, used oils, wood splinters, etc.).

Purchase of a mobile battery module for energy storage.

Paint project trial with “Sandwich Panel” technology – A tenting system providing energy savings and eradicating the use of plastic.

Design/construction of a third 6.6kV mobile transformer substation with the addition of an auxiliary module that will contain a frequency converter and a dual-voltage input for use in France.

Future actions | Carbon footprint measurement and offsetting

Selection of appropriate Blue Carbon offset project for MB92 emissions.

Certification of the methodology to calculate carbon footprint.

MB92 Barcelona

Calculation of the carbon footprint of refit, repair and maintenance.

Marina Port Vell

Automatisation of the carbon footprint calculation of both company operations and projects.

Formation of a partnership together with Barcelona Clúster Nàutic and Marina Port Vell in Barcelona to offer a complete analysis of the carbon footprint of a boat in:

Calculation of the carbon footprint of a marina stay.

Barcelona Clúster Nàutic

Calculation of the carbon footprint of sailing.

Our commitment

To work with all our stakeholders to improve air quality.

This includes implementing strict working methods that result in the use of best practices, improvements in infrastructure and the prioritisation of innovative sustainable solutions.

Context

One of our key objectives, developed to fight against pollution, focuses on the minimisation of combustible gas emissions and Volatile Organic Compounds (VOCs) produced in the facilities.

In line with the standards on VOC emissions, activities related to surface treatment-filling, priming and painting are the ones that use the largest quantity of solvents.

VOCs are volatile at room temperature and are emitted as soon as a paint or solvent canister is opened. Solvents are used to dilute paint and facilitate the application of paint or coatings. Once the primer or paint has been applied, the solvents evaporate into the air while the paint is drying. By use of a tent with a mechanical exhaust ventilation, the exhaust discharge is then channelled through filters to trap pollutants. In the case of large painting works,

gas washing equipment (also called “scrubbers”) is used complying with MB92 emissions limits. Extraction boxes with a carbon activated filtration stage are used for small painting works.

Our investigation into technical solutions to further reduce VOCs continues, either through methods that improve transfer efficiency (percentage of the product coated on the surface), such as electrostatic automation, or through new technologies for waste treatment.

Consumption (2021) Emissions Tn (2021)

Scope 1 1,854.51

Gasoil - litres (Barcelona)* 378,924 592.78

Gasoil- litres (La Ciotat)** 467,098 1,476.02

Scope 2 613.07

Electricity kWh (Barcelona)*** 22,769,941 0

Electricity kWh (La Ciotat)**** 10,515,725 613.07

Total (Tonnes CO2eq) 2,467.58

1,854.51 613.07 2,467.58

Source for 2021 Emissions

(*) Source of 2021’s emissions, Barcelona: 2.79 (Kg eq.CO2/l). Source: Informe inventarios GEI 1990-2011 (2013) [GHG Inventory Report 1990-2011 (2013)]. Guía práctica de gases de efecto invernadero versión 2014. [Greenhouse gases practical guidelines version 2014]

(**) Source of 2021’s emission, La Ciotat: 3.16 (Kg eq.CO2/l) Source: ADEME (L’Agence de l’environnement et de la maîtrise de l’énergie)

(***) The electric power consumption at MB92 Barcelona’s main office during the year 2021 has been fully supplied by renewable energy.

(****) Source of 2021’s emission, La Ciotat: 0.0583 (t eq.CO2/kWh). Source: ADEME (L’Agence de l’environnement et de la maîtrise de l’énergie). It should be noted that this calculation of the carbon emissions has not considered the negative emissions resulting from the self-consumption of the photovoltaic plates.

Actions completed

Emissions control pursuant to the latest legal requirements.

Use of market-leading air filtration and supervision systems to improve air quality in and around working facilities.

Environmental vigilance to verify the implementation of good practice to avoid VOC (Volatile Organic Compounds), particle and GHG (Green House Gas) emissions.

Application of electrostatic coating to reduce the amount of coating applied per surface unit by 30-40%.

Actions in progress

Real-time supervision of the level of VOCs and other parameters inside paint tents using sensors and monitoring software.

Ionisation system for wastewater from scrubbers.

Use and promotion of sustainable alternatives to conventional antifouling.

Future actions

Ozone injection during gas washing to reach better VOC reduction levels.

Identification of new technology to futher reduce VOC emissions.

Our commitment

We believe in the reduction, re-use and recycling of materials wherever possible, as well as the responsible management of all non-recyclable waste generated at our facilities.

Context

Our waste management policy aims to guarantee the correct disposal of both recyclable and non-recyclable material. We are continually exploring new ways to minimise the waste generated in our facilities, to enhance efficiency and ensure the use of alternative materials that do not become waste material.

The implementation of waste control systems has contributed to the efficient use of materials. We have also managed to identify and adopt reusable and biodegradable materials for yacht protection and shoe covers, and to digitalise all administrative materials.

Recovery is critical to good waste management. Across the MB92 Group, 29.4% of hazardous waste and 70.1% of non-hazardous waste was recovered in 2021.

Through communication campaigns, the waste management policy is reinforced with all shipyard users and aims to foster a culture of responsibility throughout both facilities.

Waste management in MB92 Barcelona

Actions completed Actions in progress

Improvements in the collection systems to minimise the number of visits from waste collection trucks.

Floating water barriers to collect organic and inorganic waste after storms.

Waste sorting and recycling policy in our offices

Smoking areas. Since November 2019, clients and employees can smoke only in areas specially prepared and designed for this purpose. In this way, all waste is properly managed.

A dedicated waste segregation controller on site.

The importance of waste separation best practice is raised during the safety and environmental briefing given to crew that arrive at the facilities.

Extensive communications campaign highlighting the significance of waste separation through posters, brochures and certain legally binding documents (contracts, PO, prevention plan, etc.).

Collaboration with suppliers and service providers to research more sustainable materials and products with the aim of substituting the ones used now.

Definition and implementation of a new disposal method for plastic protection by relevant suppliers, allowing material to be classified according to its physical state in order to recycle and reuse as much as possible. Use of alternative products to single-use plastics. Some examples would be cardboard sheets, paper tape, easily washable and reusable products, etc.

Storm surge containment measure

Future actions

Installation of covers on the waste management containers at each yacht access point allowing a new segregation mechanism capable of differentiating waste between crews and suppliers in our Barcelona facilities.

Application of shoe cover improvements, including reusable products to eliminate current single use option.

Two organic matter digesters that will facilitate the management of waste, avoiding daily collection and reducing the volume, holistically optimising management.

Waste container upgrades to include intelligent technology to monitor and improve use.

Implementation of new containers in offices, allowing greater segregation and recycling.

Our commitment

Water is one of our most precious resources. We firmly believe that the water in our ports and oceans should be of the highest possible quality and facilitate the success of marine ecosystems.

Context

We have undertaken a series of initiatives aimed at ensuring a more intelligent use of water and improving water quality. To monitor progress, work standards are constantly assessed in order to enhance efficiency and minimise impact on the water that surrounds the facilities.

Through the implementation of internal policy and control, excessive water consumption and local impact are mitigated. MB92 Group was the first to introduce a policy of “no complete paint works afloat”, ensuring greater environmental control and minimising the risk of pollutants entering the water in each port.

Also, more efficient nozzles are used to clean the submerged part of the ship and sea water or short-circuits in the ship refrigeration systems are used to properly maintain and clean yacht facilities. At MB92 La Ciotat, water metre readings are carried out weekly in order to adequately measure each project’s water consumption.

* In both cases, water consumption is provided by the municipal water grid.

MB92 Group 2021 Water consumption in 2021, in M3*

Actions completed

The first shipyard to implement a policy of no complete paint works afloat, ensuring greater environmental control and minimising the risk of contaminants entering the water in the port.

Seabin installation in the Barcelona facilities.

Creation of wasterwater treatment plants servicing the 4,300t shiplift and 300t platform areas to avoid seawater contamination and manual sewage extraction by truck.

Installation of water-surface barriers to enable potential waste to be easily collected.

Installation of an artificial fish nursery to protect and improve marine biodiversity in La Ciotat.

Installation of underwater bubble walls during the new shiplift building phase to prevent noise affecting the endemic fauna.

Partnership with local company Desmet Divers to remove waste resulting from previous industrial activity from the La Ciotat sea floor.

Ecological fire extinguishing system in la Ciotat.

Actions in progress

Water surface cleaning drone to capture material waste and hydrocarbons from the waters surrounding the Barcelona facilities.

Collaboration in the development of a new device/drone with new functionalities.

Drone design development to include an external structure that will allow the absorption of spills.

Future actions

Design and implementation of a natural water filtration system using bivalves (mussels). The mussels naturally capture excess nutrients, heavy metal and similar elements, thus improving water quality.

A roadmap has been designed for the circularity of the remaining waste, given the mortality of bivalves.

Design and launch of a device attached to the dock that will allow the cleaning of the waters within the concession. This innovative device will have similar features to the Seabin and skimmer.

Installation of bio-huts, equipment to protect and improve marine biodiversity in ports.

Installation of a desalination plant that will greatly reduce the shipyard’s water consumption.

Implementation of sensors in sewage systems to monitor usage.

Implementation of microplastic collection systems in water treatment centres as well as sensors for monitoring and control.

Community

Our commitment

We believe in supporting local and superyacht community initiatives as well as partnering with businesses and organisations that share our philosophy and raise awareness on social and environmental issues.

Context

Our goal is to use our position as a leader within the industry to raise awareness, influence the conversation, and form strategic partnerships with businesses and organisations locally, nationally, and internationally to promote positive change throughout the value chain and in the communities where we operate.

Alliances

ICOMIA

We are a founding member of the ICOMIA Superyacht Refit Group and contributed to the development of the Standard Refit Contract developed by ICOMIA, the Code of Practice for the members of the organisation and the Client’s Guide to Good Refit Governance.

Water Revolution Foundation

Promoting sustainability in the superyacht industry through collaboration and innovation, leading the way to the neutralisation of the environmental footprint and the preservation of the oceans. We are an “Anchor Partner” and collaborate and participate in foundation projects.

SEA Index

Corporate members of the Monaco-based organisation whose aim is to mobilise industry stakeholders to reduce carbon emissions.

Submon

Developing marine biodiversity conservation projects while working on creating a healthy relationship between communities and the sea.

We are partners and participants in the Underwater Forests project, a blue carbon offsetting and biodiversity conservation initiative.quality.

Barcelona Clúster Nàutic Local business network collaborating on sustainability initiatives, innovation and identifying blue economy opportunities.

Barcelona Blue Economy

We collaborate with the Barcelona City Council, Barcelona Activa (Barcelona local development agency), the Polytechnic University of Catalonia, the Barcelona School of Nautical Studies, and the Barcelona Nautical Cluster, to define the blue economy framework in Barcelona.

Cambra de Comerç de Barcelona

A forum connecting innovative companies from outside the maritime industry with MB92.

Port de Barcelona

We work closely and share future plans with the port authority of Barcelona, regularly attending workgroups such as sustainability, professional training, or innovation.

Community projects

Barcelona

Blue-carbon offsetting

Supporting local non-profit organisation

Submon to mitigate activity impact, our participation translated to the recovery of 5 hectares of underwater forest with capacity to retain 22 tonnes of CO2 per year, and the prevention of 2,500 tonnes of CO2 emissions from entering the atmosphere.

Nadal al Port Vell

Annual event which brings Barcelona citizens closer to the city’s maritime heritage.

Belong to Sea

Create a culture of awareness and promote behavioural changes to improve sustainability. Over the past year, we collaborated on a series of projects dedicated to the environment in the neighbourhood of La Barceloneta.

Local climate actions

Strong commitment to the climate change goals of the local council, Compromís Acció Climàtica in Barcelona (Global Change, Green Deal, Local Administration).

Contenidor Solidari

Annual food donation event organised by Port de Barcelona and Banc dels Aliments where MB92 Barcelona participates each Christmas.

Barceloneta Christmas Tree

Gift of two Christmas trees to the residents of La Barceloneta to decorate the main square.

Blue Economy

We participate in a series of activities to help boost the economic sectors of the Blue Economy in Barcelona, to develop the city into a benchmark in the European Mediterranean, based on a sustainable vision. These activities include:

• The Xarxa Marítima de Catalunya project

Consisting of 64 Research Groups which will conduct their activities in all the sectors of the Blue Economy.

• The Blue Economy Innovation Hub

The epicentre of Entrepreneurial and Technological Innovation in the sectors making up the Blue Economy in Barcelona. Founded by MB92 Barcelona, the Hub‘s objective is to increase the competitiveness of the Blue Economy in Barcelona, the transfer of technology and knowledge, and, finally, to enhance the participation between participants.

La Ciotat

UN Global

We are a signatory of the UN Global compact for sustainable development. In addition, we are an active collaborator in several regional marine associations, such as: WeOcean Dynamic La Ciotat association whose goal is to build a network of initiatives that create synergies between the work of all actors involved in the protection of the Mediterranean Sea.

Aquapassion

Based in La Ciotat, Aquapassion fosters awareness of the marine environment, particularly among local school children, and campaigns against pollution.

Le Sauveteurs en mer Regular maintenance provided for their rescue vessel in our facilities to support their essential surveillance and sea rescue operations.

Rugby La Ciotat Ceyreste

Sponsorship of a local rugby team and supply of sporting equipment.

Vélo Sport Ciotaden

Sponsorship support of a local community cycling team.

Atelier Lumière

Support of a local housing and reintegration centre for people facing difficulty in La Ciotat through donations from clients and fundraising events.

Future actions

Participation in the mapping of important bio-conservation areas along the Catalan coast using drones.

Participation with clients on a local blue carbon project that will contribute both to the capture/offset of CO2 emissions and to protect ocean biodiversity.

Development of a CSR strategy.

Creation of a sustainablity handbook that provides best practices for captains and crew.

Promotion of sustainability initiatives among suppliers and collaborators.

Our commitment

We believe that everyone entering our facilities should be part of an inclusive and welcoming culture in a safe and secure environment. We want to provide equal opportunities for professional growth and to share common company values.

Context

Our team is the most important asset and essential to the success of our company. Our goal is to maintain a working environment where the prevailing values are trust, comradeship, teamwork, and respect for individual dignity.

2021 saw us grow to over 300 full time staff, an increase of around 28.5% on the previous year.

We continued under the shadow of the COVID-19 pandemic with all our team either directly or indirectly affected. It remained important to ensure that the workplace was a safe environment, allowing confidence to carry out work. An on-site medical centre was introduced in 2020 as well as a strict set of safety measures which remained in force throughout the year, minimising the possibility of an outbreak inside our facilities. Furthermore, we offered means of support to those in our team who needed it. From flexible working options to a wellbeing program encouraging sharing of experiences as well as activities designed as an outlet channel.

Respect for Human Rights

We maintain corporate behaviour in accordance with the human and employment rights through the application of regulations and good practices to the employment, equal opportunity, and health and safety conditions. The same level of commitment is required from our suppliers.

All our team adhere to our Code of Ethics which sets out the values and principles that guide our actions as well as those of our suppliers, and associates, as follows:

Quality

All our team and related entities bound by the Code will strive to attain and improve the internal and external standards of the enterprise as a whole.

Experience, professionalism, and knowledge

We are committed to providing our team with education and training to ensure they gain maximum knowledge of the industry.

Internal professional conduct

All our team and related entities bound by the Code of Ethics will act in good faith, in a trustworthy and objective manner.

Commitment and trust

All our team and related entities bound by the Code will build longterm relationships with clients and associates to ensure the provision of the best service.

Compliance with the law

All our activity is undertaken in accordance with all applicable legislation.

Responsible actions

All our team and related entities bound by the Code will uphold and promote it to others, with any infringement duly reported via the appropriate channels.

Protection of the environment

We are committed to a policy of best practice and continual improvement.

Respect for human and employment rights

We are committed to respecting human rights and civil liberties recognised in international conventions and in the legislation of all the countries where we conduct business operations, and refrain from cooperating with any individual or entity that infringes said rights and liberties.

Our equal opportunity plan

One of the foundations of our Code of Ethics is the respect for all the persons that make up the Company. In this regard, we have approved our Equal Opportunity Plan for the years 2021-2024.

We always seek to maintain a working environment where the prevailing values are trust, comradeship, teamwork, and respect for individual dignity.

We proclaim support to non-discrimination on grounds of race, colour, nationality, age, gender, social context, marital status, sexual orientation, ideology, political opinion, religion, or any other personal, physical, or social condition affecting the worker and the promotion of equal opportunity for all these professionals.

Any conduct that may be considered violent or amount to abuse of power or any type of intimidation in the workplace is punishable.

We are committed to ensuring equal treatment opportunities in the recruitment process and maintaining objectivity and non-discrimination in promotion and career development systems.

/ Standardised interview and promotion procedure with selection committee composed of different genders and cultural backgrounds

/ Vacancies published internally and externally

/ Career development, internal training and financial support for external training provided

/ Follow-up committee ensures compliance and reviews processes

/ Communication campaigns to encourage more gender equality in predominantly male areas

We are committed to ensuring equal treatment opportunities in the recruitment process.

Initiatives undertaken

ISO9001 (MB92 Barcelona) and ISO14001 certificate for quality and environment. ISO50001 (MB92 Barcelona) certificate for energy management. The first shipyard globally to have received this certification.

Tecnocampus Mataró (online talk): presentation of the company, the types of works conducted, and the potential role of the students in their professional career in the industry.

Informative sessions offered to all our team to boost equal opportunity and the role of women in the company as well as women’s empowerment.

Metrópolis FPLab: set up by the Metropolitan Area of Barcelona and the Fundación BCN Formación Profesional (BCN Professional Training Foundation), with the aim of enhancing the value of student talent undergoing professional training. Each year, an environmental challenge is submitted, and students develop potential solutions.

Punt de Informació i Orientació Employment de la Barceloneta (PIOL) Employment and Training management organisation located in the neighbourhood of La Barceloneta (Barcelona)

Present i Futur de la Facultat de Nàutica de Barcelona: Talk about the sector’s present and future and the role that the University is expected to play.

Construeix-te: Project carried out with Fundació Comtal, working with people at risk of social exclusion in Ciutat Vella to encourage them to continue studying or to return to the job market.

Meeting with the management of Consorci d’Educació to align professional training programmes with employment reality.

The Nautical Training and Technological Node: A campus for higher and professional training, research, innovation, and technology development, and for the promotion of entrepreneurship and employment in the framework of a blue and sustainable economy.

Visit to MB92 Barcelona by students at the Barcelona School of Nautical Studies

Collaboration with the Institut de Náutica (Professional Training) during the ‘Setmana Blava’ week, aimed at encouraging interest in being part of the sector.

Our contractors

We employ a purchasing policy to ensure compliance with both the applicable legal requirements and our client’s specific requirements.

We have a strict approval process for new suppliers and regularly provide evaluative feedback on performance, adherence to our Code of Ethics and Anti-Corruption Policy working standards, and environmental management.

We work alongside our network towards environmental best practice, and we use an environmental vigilance programme to support progress that covers the following critical points:

Compliance with all basic environmental legislation

Management and storage of raw material

Waste generation and its management

Atmospheric emissions

Leaks and spills

Energy use

Our clients

Our main objective is to offer the best refit experience for our clients.

Our specialised customer service provides expert advice and assistance with anything a yacht crew needs while in the shipyard.

As part of our commitment to offering a comprehensive service, our After Sales team continues to support customers long after the yacht has left the facilities.

On-site health and safety are essential to the successful completion of projects and, as such, our HSE team employ the latest regulations alongside internal measures to ensure the safety and wellbeing of anyone operating in and around our facilities.

Financial & governance Our commitment

Since we started operations in 1992, integrity, legality, and transparency have been fundamental values and we remain committed to maintaining full compliance with national and international legislation.

Responsibility and accountability

Our fight against corruption and bribery

The Anti-Corruption Policy was approved in 2017 to describe standards and procedures related to the prevention of corruption and conflicts of interest which may arise in the marketing activities carried out by our team, or by any individuals related to the Company, either with other private individuals or public servants.

While not an obliged entity in the terms of Act 10/2010 of April 29, the anti-money laundering and terrorism financing act, we have been working on the implementation and description of due diligence measures related to money laundering.

Social contributions

In the fiscal year 2021 contributions were made totalling €120,418 to foundations, non-profit organisations, and charities.

Decision-making framework

Experience, professionalism and knowledge

Measures implemented to fight against money laundering.

As a result, we have produced The Golden Rules of Anti-Money Laundering and Terrorist Financing document. This sets out due diligence measures and procedures, regular, simplified or reinforced, depending on the client and the risk of infringing the anti-money laundering laws. This document was approved in October 2015 and updated in January 2017.

Based on existing environmental, HSE, quality, and energy management systems integrated in other parts of the industry, we will develop and implement a bespoke Sustainable Management System to oversee all work processes across the MB92 Group. All the countries where we conduct business operations, and refrain from cooperating with any individual or entity that infringes said rights and liberties.

Thank you,

Annual Sustainability Report 2021