Foreword

/ Index / Foreword / Our commitment / Carbon footprint / Air / Waste / Water / Community / People / Financial & governance

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.

/ Index / Foreword / Our commitment / Carbon footprint / Air / Waste / Water / Community / People / Financial & governance

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