Our commitment

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

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.

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

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

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.

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

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).

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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 Assess the significance of the impacts

Use the sector standards to understand the sector’s context Consider the topics and impacts described in the sector standards

Determine material topics for reporting

Test the material topics with experts and inform users

Test the material topics against the topics in the sector standards

4

List of material topics

Prioritise the most significant impacts for reporting

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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

Environmental

Social and employment

Human rights

Fight against corruption & bribery

Community

LIST OF MATERIAL TOPICS

Business model Compliance Risk management GHG emissions Air quality Water and wastewater management Circular economy, waste and hazardous materials Energy management Materials sourcing and efficiency Ecological impact Ecosystems biodiversity Employees Labour practices Health and safety Employee engagement, diversity and inclusion Training Gender equality Human rights Complaints Freedom of association Employment discrimination Child labour Business ethics Prevention of corruption and bribery Donations and philanthropy Impacts on local communities Community relations Subcontractors relationship Competitive behaviour Customer welfare Association and sponsorship

SIGNIFICANCE OF IMPACT

LOW MEDIUM MEDIUM MEDIUM VERY HIGH MEDIUM HIGH VERY HIGH LOW LOW LOW HIGH LOW VERY HIGH LOW LOW LOW LOW LOW LOW LOW LOW MEDIUM MEDIUM LOW MEDIUM LOW HIGH LOW HIGH 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

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An overview

Carbon footprint

93.43%

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).

150 football pitches

Water

60kg

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

33.9%

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

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.

6 basketball courts

Energy

162MWh

Total photovoltaic energy generated

per year | 162 MWh, equivalent to the yearly consumption of 42 average homes

42 avg homes

Community

63,000people

Reached during the first 7 months of the Belong to Sea campaign