II. Organisation information

Our approach

Since 1992, we have provided a dedicated superyacht refit, maintenance and repair service to our clients, with a commitment to delivering the best possible refit experience and to pioneering innovative solutions.

Our service consists of a comprehensive pre-project phase designed to develop an accurate and transparent project plan. Once approved, our project management team, supported by our internal departments and global network of suppliers, implement the project work list during the yard period. Following departure, our after sales team remain in close contact with our clients to provide ongoing support.

We have maintained a proactive investment policy to constantly improve our facilities and team, resulting in upgrades to our facilities in Barcelona and La Ciotat such as the 4,800-tonne and 4,300-tonne shiplifts, completed in 2019 and 2022 respectively. This approach supports our long-term strategy to grow sustainably, enhance our service offering and be closer to our clients wherever they may be.

Our team includes over 350 full-time employees across the MB92 Group, including a Project Management team of over 80. Ongoing training in all aspects of work are provided to our team including internationally recognised qualifications.

We believe in promoting a positive work culture that represents the communities in which we are and contributes to shared success.

Our Values

Who we are and how we guide our day-to-day actions.

Team

We cultivate a positive culture and are strongest when we work as a team. We are the MB92 Family.

Commitment

We are only as good as our last project. We employ grit and determination to deliver quality on time and on budget.

Agility

We welcome pressure and change. We strive to take smart decisions that add value.

Passion

We are united by our love for what we do and our deep connection to the sea and its future.

Humility

We understand that actions speak louder than words and the benefits of listening, learning and improving.

Ambition

We continually challenge ourselves to pursue perfection.

Innovation

We question the status quo to be different and develop innovative solutions for our clients and industry.

Responsibility

We are accountable for our actions and believe in doing the right thing.

Governance

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

Responsibility and accountability

We maintain corporate behaviour in accordance with 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 also 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:

Our fight against corruption and bribery

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

Measures implemented to fight against money laundering

While not an obliged entity in the terms of Act 10/2010 of April 29, the anti-money laundering and terrorism financing act, we 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.

Social contributions

In the fiscal year 2022 contributions were made totalling €21,216 to foundations, non-profit organisations, and charities.

Decision-making framework

Based on existing environmental, HSE, quality, and energy management systems integrated in other parts of the industry, we are developing a bespoke Sustainable Management System alongside independent technical advisor, Albert Willemsen, to oversee all work processes across the MB92 Group.

Management teams of MB92 are confronted with a myriad of laws, different processes, standards, guidelines and currently the new Sustainability regulations. This jungle of data and regulation makes it very difficult for MB92 teams to define and implement them on a practical way within their daily business.

While there is a globally acknowledged standard for sustainability reporting, (the Global Reporting Initiative ‘GRI’), there is no corresponding framework available specifically for sustainability management focused on work processes within the Superyacht, Marine and Marine Leisure Industry (including marinas).

The implementation of what we would call a Sustainable Management System (SMS) would allow MB92 to achieve their sustainability objectives and become a recognised sustainably certified Shipyard in the eyes of the world and their customers.

MB92 envisage that such a management system can be developed for the whole Superyacht, Marine and Marine Leisure Industry, or tailor made specifically for companies (like MB92) that are active within the sector.