MB92 Group - Annual Sustainability Report 2023

Page 1


Foreword

In 2023, we embarked on the third year of our original 5-year Sustainability Plan, marking significant progress in many of our initial objectives, such as the reduction of VOCs during paint projects, and the full electrification of our shipyard, with shore power provided by 100% green energy sources.

This milestone prompted us to reevaluate our goals and craft a new plan stretching to 2026, establishing fresh benchmarks for performance and refining our sustainability purpose. This signifies both our positive progress and our capacity to push further.

Water management is a pivotal concern, particularly in the face of changing rainfall patterns across the Mediterranean. As we enter 2024, Barcelona confronts an emergency water situation, necessitating a heightened focus on water management to avert serious consequences.

At MB92 Group sites, we’ve implemented robust systems and policies to maximise water efficiency, recycle resources, and reduce reliance on freshwater supplies. Across the Group, we managed to achieve a reduction freshwater consumption by 26% compared with 2022. This has been thanks to a number of initiatives from introducing strict new usage measures to the installation of a water treatment system in La Ciotat, capable of converting rainwater into water for industrial purposes. Other initiatives will be rolled out in the coming months.

Fuelling Progress

The energy crisis in Europe persisted throughout 2023, prompting us to reinforce a culture of responsibility across our projects to enhance energy efficiency. Investments in innovative solutions such as smart monitoring technologies on heating for paint projects enabled us to optimise performance and minimise waste, ensuring energy usage aligns with demand.

In La Ciotat, shipyard equipment such as forklifts and cranes moved to HVO in 2023, and progress continues to modify project-related equipment such as heaters for its use. The specific case for heaters is a particularly satisfying advance as the company is one of just a few authorised to use HVO for this purpose in France.

Water management is a pivotal concern, particularly in the face of changing rainfall patterns across the Mediterranean.

Foreword (continued)

A collaborative approach

Individual action is commendable, but collaborative effort is transformative. Our ongoing project to measure project carbon footprints, conducted in collaboration with our supplier network, underscores the power of collective action. Additionally, we initiated with the Water Revolution Foundation new crew guidelines in early 2024, a collaborative framework developed by and for crew members, pooling vast knowledge to integrate best practices on board.

Our third industry report on sustainability was published in March 2023. “A joint effort for the oceans”, The report highlights the pivotal role of the supply chain in driving sustainable change at every project stage. While data remains scarce, collaboration and transparency can expedite progress and enhance problem-solving effectiveness.

In September 2023, we strengthened our relationship with Rolls Royce to work more closely together with a view to supporting the integration of next generation propulsion and energy management systems that

reduce the impact of yachts. This agreement followed the launch of our Refit for the Future service earlier in the year. Designed to lower the impact of the existing fleet while enhancing performance, comfort and value, the service aims to support owners apply verified solutions seamlessly ahead of expected regulation.

Across our industry, there’s a shared recognition of the urgent need for action amidst the uncomfortable reality of our environmental challenges.

Now, it’s imperative to translate this awareness into tangible progress. The potential within our industry and the broader maritime sector is vast, and we must seize this momentum to drive meaningful change during this critical period ahead.

At MB92, we view this fundamental challenge as an opportunity rather than a threat.

Individual action is commendable, but collaborative effort is transformative.

Industry reporting

A joint effort for the oceans

Following our first two industry reports that covered the urgency to act and solutions already available to owners, this third report introduced the crucial role that the supply chain has on driving sustainability in superyachting.

Published in March 2023, the results followed an exhaustive research phase involving a survey of our global network of supplier, interviews with clients and a panel debate featuring leading voices from across the sector.

82% of companies surveyed already have a sustainability plan in place. However, without enough data, many feel they are flying blind.

44% of supplier respondents considered the data available to support sustainable development either insufficient or non-existent.

Only 39% had a device in place to measure their emissions and just 14% had a mechanism to evaluate their suppliers’ emissions.

A lack of reliable data to judge the credentials of alternative products and solutions was one of the main obstacles for implementing sustainable upgrades on the superyacht fleet.

Survey respondents said they often find themselves ill-equipped to convince decision makers. They also underlined the importance of regulation and public scrutiny in convincing owners to invest in sustainable upgrades.

Uptake on solutions to reduce the impact of the existing superyacht fleet remains slow. This is primarily down to a perceived lack of credible options accompanied by insufficient regulatory incentives.

“A successful transition will require long-term commitment and coordination, as every link of the chain strongly depends on its neighbours.

For that, regulators and technology developers will need to provide a path of converging standards. Getting everyone on the same page is clearly the biggest challenge.”

Txema Rubio MB92 Group Commercial Director

Industry players with leverage or resources play an important role in supporting the supply chain become more sustainable.

Whether that be in the sharing of knowledge by those further down the curve or influencing superyacht owners and key decision makers on the benefits of a different approach, to meet demands for greater efficiency.

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 currently includes over 350 full-time employees across the MB92 Group, including a Project Management team of over 120. 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 operate and contributes to shared success.

Our Values

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

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

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.

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

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

II. Organisation information

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 2023 contributions were made totalling €172,855 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 use of what we would call a Sustainable Management System (SMS) would be a useful tool to support MB92’s journey to achieving their sustainability objectives and becoming 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.

III. Materiality assessment

III. Materiality assessment

Context

In this year’s sustainability report, we have approached the double materiality concept, as defined in the European Corporate Sustainability Reporting Directive (CSRD): reporting on both the impact the company has on society (external impact) as well as the environmental and sustainability risks the company experiences (internal impact, e.g., due to climate change and scarcity of resources).

We followed the materiality process recommended by GRI in 4 steps:

Understand the organisation context

Identify current and potential impacts, both internal and external

Assess the significance of each impact, considering the importance to different stakeholders

Prioritise the most significant impacts for reporting

This double materiality requires additional material topics being considered. For instance, the business model and compliance, which are more relevant to the sustainability risk of the company.

The list of topics affecting sustainability is as follows:

Material topics list

Material Matrix

The material ones are those classified as having a higher business impact and importance to stakeholders, as represented on the following chart.

We provide information on the material topics for the 7 development areas inside the sustainability plan.

IV. Indicators

V. Energy transition

GOAL: Improving renewable energy production in the shipyard and reducing fossil fuel consumption.

KPI: Increase renewable energy production capacity by 25% and reduce diesel consumption by 20%.

V. Energy transition

Context

In 2023, we increased the focus on efficient energy management within the business. This approach anticipated future regulations would arise in the upcoming review of the MSFD (Marine Strategy Framework Directive).

In March 2023, MB92 Barcelona led the winning candidacy for the Next Generation grant from the Naval PERTE, which includes projects for energy efficiency and renewable energy generation carried out by the Group.

Among the projects included in obtaining this grant are systems for reducing heat loss in painting operations, the installation of underwater inspection robots, the implementation of hydrogen generators, and the integration of industrial digitalization 5.0 for both shipyards.

Additionally, achievements in 2023 include the collaboration with local company Nauta Systems to introduce an Electric tender for onthe-water tasks in and around our Barcelona facilities. Furthermore, we expanded our commitment to renewable energy by augmenting our photovoltaic panel capacity at

the Barcelona shipyard, adding an additional 129 kWp to support our energy requirements.

While strides have been made in reducing gasoline consumption through equipment upgrades, transitioning from gasoline vehicles to electric ones, and employing aerothermal technology for paint drying operations, challenges persist. Notably, an increase in fuel consumption was observed in La Ciotat during 2023, primarily due to significant increases in revenue and volumes at the shipyard.

Actions completed

Implementation of photovoltaic panels on building F and G in Barcelona, contributing an additional 129 kWp to meet energy needs in the facilities.

Substitution of diesel heating systems for Aero thermic electrical heating on big paint works.

Introduction of HVO to be used instead of diesel for certain shipyard machinery in MB92 La Ciotat.

Improve the monitoring of energy consumption via the implementation of software and hardware enhancements.

Addition of EV charging stations as part of an ongoing green mobility plan across Group facilities.

Acquisition of a custom-built fully electric workboat built in aluminium.

Actions in progress

Photovoltaic installation on additional locations in both shipyards.

Incorporate renewable energy sources on the existing aero thermic systems for heating.

Investigate alternative fuels like methanol and hydrogen.

Support the development and subsequent use of new electric heaters.

Increase the use of HVO in MB92 La Ciotat.

VI. Carbon footprint

GOAL: Implement a procedure to calculate the carbon footprint of our organisation and each project.

KPI: Achieve measuring the carbon footprint of an entire year, calculate the carbon footprint of 12.5% of our major providers.

VI. Carbon footprint

Context

Inaugurated in 2022, our ongoing project to develop a comprehensive measurement tool for calculating the carbon footprint of each project has progressed steadily. Anticipated to conclude by mid-2024, this tool aggregates data from our extensive supplier network to offer a meticulous assessment of each projects’ environmental impact. The objective is to gain insight into areas that are performing well or identify points for improvement and optimisation across our refit projects.

Concurrently, our commitment to sustainability has been exemplified through the evolution of our Refit for the Future! service. This service, aimed at enhancing sustainability and value within the existing superyacht fleet numbering over 6,000, has seen continuous enhancement through the integration of innovative solutions.

Notably, our collaboration with Rolls Royce, announced in September 2023, signifies a strategic partnership aimed at developing and integrating ecofriendly solutions onboard. Initial focus areas include exploring fuel alternatives like HVO and Methanol, with a broader aim of driving industry-wide change through collaborative efforts. An integral aspect of our strategy is

an open innovation approach. We actively seek solutions to mitigate the environmental impact of our own operations as well as the existing fleet.

For instance, the implementation of smart monitoring technology in heating systems during paint projects has proven effective in optimising heating usage and minimising waste, thereby reducing emissions and energy costs.

VI. Carbon footprint

Actions completed

Calculate the carbon footprint of 12.5% of our major providers.

Map all the activities

Ongoing development of our “Refit for the Future” service available to clients. Solutions that improve sustainability, increase comfort, reduce OPEX and enhance value of the existing superyacht fleet.

Formalise an enhanced relationship with MTU/Rolls Royce to develop and integrate eco-friendly solutions onboard.

Reduce diesel consumption by 65.75% compared to 2022.

Actions in progress

Run environmental impact comparatives between current services/products and new sustainable solutions.

Continue to digitalise processes to optimise project performance.

Study the implementation of software that could automate the carbon footprint calculation per project.

Start compensating emissions produced through local / in-house projects with reliable carbon offsetting actions.

Support the assessment conforming to ISO 14040 and 14044.

VII. Waste management

GOAL: Integration of the circular economy in MB92’s operations.

KPI: Reduce polypropylene (surface protections) consumption by 10%, and 100% of edge protective foams used as subproducts.

VII. Waste management

Context

Our waste management strategy is rooted in innovation and collaboration to minimise environmental impact. We prioritise the proper disposal of both recyclable and non-recyclable materials, continuously seeking new solutions to reduce waste generation.

In 2023, we embarked on several notable initiatives aimed at transforming our waste management practices. One such initiative involved the innovative transformation of plastic waste into reusable items, including furniture and pallets. Collaborating closely with local artisans in La Ciotat, Carbon Blue, we successfully repurposed plastic waste, giving it a second life in the form of functional household items.

Additionally, we implemented practical measures to reduce waste generation across our facilities. For instance, in La Ciotat we replaced single-use plastic shoe covers with reusable alternatives, effectively reducing waste while maintaining operational efficiency. In Barcelona, we also explored the use of biodegradable additives in plastic materials to lower their environmental impact. Moreover, a new reclassification policy for plastic protections used on projects was

introduced to prolong their useful life and minimize waste.

Through partnerships with authorised waste managers, we ensure responsible waste treatment, minimising our environmental footprint. Customer feedback and employee training also guide our ongoing efforts to refine waste management practices.

VII. Waste management

Actions completed

Actions in progress

Transform plastic chips into pellets for easier reintroduction into processes.

Extension of reusable shoe-cover initiative to Barcelona together with a cleaning process to avoid using singleuse plastic options.

Implement an in-house plastic recycling system to compact, shred and clean our plastic waste to create plastic chips.

Development and implementation of a classification and re-use policy for plastic protections used on projects to reduce unnecessary disposal.

Work together on a project with local artisans in the Barceloneta neighbourhood, re-purposing certain protective foam used on yachts and extending the material’s lifecycle.

Upgrade the current containers to a new system, differentiating between crews and providers to improve recycling ratios and make them more accessible.

With support from Carbon Blue, convert recycled plastic from tents into various items. A recent example was to create new benches for the CF Barceloneta football stadium.

VIII. Water management

GOAL: Improve the maritime environment of the shipyard.

KPI:

• Biodiversity enhancement identifying 25 new species.

• Reduce by 15% freshwater consumption.

VIII. Water management

Context

MB92 has initiated actions aimed at more efficiently managing water usage given the current situation being faced in the Mediterranean basin with strict measures being enforced in and around Barcelona. Continuous evaluation of work standards is conducted to optimise processes and minimise any negative impact on the surrounding aquatic environment.

During the 2023 fiscal year, at the Barcelona shipyard, several actions were undertaken to reduce water consumption. These included replacing tap water with seawater in the boat cooling process and limiting washdowns to a minimum. At MB92 La Ciotat, notable actions involved using yacht treatment plants for cleaning purposes, training all staff to reduce water consumption, and installing two water treatment units in the Shiplift area capable of regenerating water.

Regarding wastewater quality, customer and subcontractor involvement was sought to ensure that pollution levels remain below the purification capacity of water treatment plants.

Water treatment plant
MB92 La Ciotat

VIII. Water management

Controlling the flow: A response to water scarcity in Barcelona

In 2023, a lack of rainfall across Southern Europe saw severe disruption to livelihoods and the daily lives of millions. In Spain, the region of Catalunya experienced its most severe drought on record, with rainfall levels plummeting between 30% and 50% below the year-on-year average of the last three decades. This unprecedented water scarcity has elevated effective water management to the forefront of priorities for the MB92 Group, with sites situated within the Mediterranean basin.

Facing stringent water conservation measures imposed by local authorities, MB92 Barcelona swiftly implemented measures to limit consumption and prohibit unnecessary water usage. In order to effectively set measures to reduce consumption, it was important to understand where they could have most impact.

Laura Peréz, MB92 Barcelona’s HSE Manager, outlines the challenge faced. “Our plan mandated successive reductions in consumption, starting with 5% initially, followed by 15% or 25% as circumstances dictated. Recognising the usage patterns within our facilities, we identified targeting production and crew consumption as the most effective means to achieve these goals. While we maintained direct control over water used in production processes, reducing consumption from crew and third parties necessitated a collaborative approach. This collaborative effort was essential to achieving the desired reductions.”

A comprehensive strategy was developed in response to the Municipal Government’s demand, focusing on four main areas requiring monthly monitoring and reporting of water savings.

Laura explains that “As can be seen by the month-on-month consumption figures, the measures in place proved effective in curbing consumption, resulting in overall water savings of 26.8% for 2023, far above the demands for the year. The commitment shown by everyone operating in the yard including crew, working partners and MB92 staff was essential in achieving these goals.”

MB92 Barcelona

VIII. Water management

Effective treatment: Water management solutions at MB92 La Ciotat

Silvia Casaril, MB92 La Ciotat HSE Manager, explains that despite not facing critical implications yet from shortages, upgrades were deemed necessary to continue to minimise the activity impact on the water quality in the surrounding port area.

The MB92 La Ciotat Facilities and Storage Manager oversaw the integration of a number of upgrades during 2023 to optimise processes in the shipyard and minimise pollution. “We are in a slightly different position to Barcelona in that the implications on our activity are not critical yet.” Silvia adds. In terms of infrastructure, we have a number of water treatment solutions, allowing us to process rainwater and other runoff water, ensuring it flows back into the port waters as filtered as possible.”

Key work included the enhancement of water collection and treatment systems across various platforms, such as the 4,300-tonne and the 2,000-tonne shiplift, as well as the 300-tonne travelift. Silvia highlights the implementation of stateof-the-art Process Water Treatment Units (PWTUs), which effectively treat

processed water and rainwater while significantly reducing concentrations of pollutants like Copper and Zinc. Silvia adds that “thanks to the quality of the treated water, we are exploring the possibility of re-using it for certain use to reduce consumption of freshwater from the grid, especially during increasingly frequent drought periods.”

Investments totalling €720,000 were dedicated to upgrading the 300t Origins sector, and an investment of €450,000 was dedicated to the modernisation of the 2,000-tonne shiplift sector, following the acquisition of Temporary Occupation Authorization (TOA), resulting in the liberation of a basement buffer for storing treated water before safe discharge into the sea.

Looking ahead, MB92 La Ciotat is poised to extend these advancements to the dry dock area. With more projects in the pipeline for 2024 across the Group, MB92’s commitment to sustainable water management practices continues to adapt amidst evolving environmental challenges.

VIII. Water management

Actions completed

Actions in progress

Integration of a regeneration process into our sewage treatment plants to recycle water for hull cleanings, maximizing the utility of treated water.

Completion of the transition from freshwater cooling systems to seawater systems to reduce demand for freshwater.

Implementation of water-saving measures as defined in the plan for efficient water use, in response to demands from the Municipal Government. Achieved a 26% reduction in freshwater consumption compared to 2022 in Barcelona.

Installation of two water treatment units in the shiplift area in La Ciotat.

Enhancement of aquatic drones with water quality sensors and additional functionalities for improved monitoring and management of water quality.

Improvement of the port seawater quality by lowering parameters such as heavy metals and organic matter, leveraging the filtration capacity of mussels (8 litres/hour).

Installation of a desalination plant to substitute the remaining freshwater flow after the regeneration process.

Implementation of passive devices for surface water cleaning to address floating pollution in port areas.

Testing of a new seawater cooling system to replace current freshwater towers.

IX. Biodiversity

IX. Biodiversity

Context

MB92 Group has undertaken a number of initiatives to support the unique natural areas surrounding each shipyard and is a committed supporter of the local blue economy, working alongside local entities to grow in harmony with our oceans.

In La Ciotat, our ongoing monitoring of the Fish Nursery (“Roselière“), spanning a vast area of 450m2 within the shiplift zone, remains a cornerstone of our biodiversity efforts. Renowned as the largest nursery of its kind globally, it serves as a model for similar civil projects worldwide.

The “Roselière” module mimics the fronds of seagrass beds, such as Posidonia oceanica, which are characteristic of shallow coastal nurseries. By recreating the architectural micro-complexity of these habitats—such as density, leaf length, and shelters—the “Roselière” module effectively targets the nursery function for various fish species typically found in seagrass beds.

In addition to enhancing the landscape integration of maritime structures, the “Roselière” module provides tens of thousands of additional potential shelters compared to existing structures.

Meanwhile, in Barcelona, we welcomed 10 Life Boosting Units crafted by Ocean Ecostructures in early 2023. These pioneering units, composed of calcium carbonate, are designed to enhance biodiversity and promote the proliferation of marine species by up to 60%. The project is being studied by local scientific institutions with a view to potential expansion to other maritime facilities. Early results showed that the units held 51% more species and 37% greater biomass than the control wall areas used as a comparison.

Moreover, our partnership with Belong to Sea in Barcelona has yielded significant strides in local Gorgonia species conservation efforts. Through seabed reforestation initiatives near our facilities, alongside community engagement activities, we aim to raise awareness and actively contribute to ocean species preservation.

Barcelona La Ciotat

51%

more species on bio-boosting covered walls versus the controls .

59%

of the species are indigenous to the Mediterranean.

37%

increased biomass on bio-boosting covered walls versus the controls (88kg of biomass vs. 66kg). 37kg CO2

captured on the bio-boosting covered walls versus the controls (26kg).

1,025

juvenile fish recorded during three monitoring campaigns.

15 different juvenile fish species observed.

2,132

adult fish recorded during three monitoring campaigns.

34

different adult fish species observed.

Gorgonia Barcelona: Bringing marine conservation and community together

A central part of our sustainability actions is not just to support initiatives but also to actively participate in their development. This approach allows our team to directly contribute to impactful projects within our local community, strengthening bonds and fostering a sense of ownership.

Local wildlife in and around the port area of Barcelona face obvious challenges with the various human activities and their impacts. However, in a testament to nature’s resilience, a gorgonian forest was uncovered in 2020, flourishing 19 metres below the surface near the entrance of the Port of Barcelona. This remarkable find prompted collaborative efforts between researchers from the Institut de Ciències del Mar-Consejo Superior de Investigaciones Científicas (ICM–CSIC), and the Catalan Federation of Subaquatic Activities. Together, they embarked on a comprehensive study of this ecosystem, exploring avenues to safeguard its existence and foster growth.

Partnership in action

This endeavour not only aimed to expand the Barcelona seafloor’s ecological footprint, providing vital shelter and habitat for diverse marine species but also to engage local communities in the journey towards environmental stewardship.

In partnership with Belong to Sea, a local organisation committed to advancing marine biodiversity and advocating for sustainable practices in the business sector, the collective goal was to heighten awareness and inspire community involvement in this conservation effort.

Cristina Arenas, co-founder of Belong to Sea, highlights “the importance for the city that a project of this nature comes out of the laboratory and can become a reality that helps mitigate the negative effects of the climate emergency at a local level.” In addition, Arenas sees a shift in business mentality in Barcelona with the joining of local companies such as MB92 Barcelona to this project: “The involvement of the private sector, which we channel from Belong to Sea, demonstrates to what extent sustainability is an indispensable part of the strategy of local companies.”

Marc Hervás, MB92 Group Sustainability Coordinator adds that “We are pleased

to be part of this project that merges scientific rigour and local action. Soft corals are the foundation of many marine ecosystems around the world, and the resilience displayed by gorgonia opens possibilities to improve ecosystems in high impact areas such as ports and urban beaches”.

The methodology

The project involves four phases, from identification and sample collection through scientific study and eventually to reforestation.

1. Sample collection

During diving surveys, cuttings are collected to study the reproductive cycle and metabolic state of

gorgonians. Genetic research is conducted to identify factors contributing to the resilience of Barcelona’s gorgonians, crucial for the development of effective restoration methods in impacted areas.

2. Aquarium conditions

Cuttings are carefully transferred to experimental aquariums for maintenance, evolution, and growth. These aquariums provide a controlled environment simulating the natural conditions of the gorgonians’ habitat, enabling the study of their behaviour and response to various environmental factors.

3. Scientific study

Studies to understand colony resilience in Barcelona, comparing them with similar areas in Italy. Additionally, a transcriptomics study has been initiated to enhance restoration techniques.

4. Reforestation

As part of the MB92 program, a replantation of 10 gorgonias has taken place close to the MB92 facilities.

IX. Biodiversity

Driving sustainable growth in Barcelona

María Coll, co-founder of Belong to Sea, highlights that “the program acts as a driving force for the blue economy, which already represents 4.3% of the city’s GDP and 1.4% of employment. She also remarks that “the Catalan capital has the optimal conditions to develop a project of the magnitude of Gorgonia Barcelona, since it has companies very committed to sustainability and the environment, with a great scientific capital and with a society increasingly involved in the preservation of the urban environment that demands tangible actions on the ground in the face of biodiversity loss.”

A vision for the future

Looking ahead, the project wants to use this momentum as a platform to go further with the following objectives

• Reforest the coast of Barcelona and convert it into a city known for its marine depths, biodiversity, and water quality.

• Transform the Barceloneta neighbourhood into an international benchmark of excellence in marine conservation

• Through active participation of committed businesses in the project, aspire to create a sustainable and prosperous environment that serves

as a model for other communities globally

Despite the encouraging results so far, there remains a pressing need to effectively communicate the state of alert faced by corals and gorgonians due to rising water temperatures, in the Mediterranean and globally. There is a real concern that even with projects such as this conducting research to identify resilient species and study their reproduction, mass mortality remains a serious threat. This emphasises the importance of collaboration not just in support but in raising awareness that reaches as wide an audience as possible. As we look ahead to 2024, we eagerly anticipate the continued progress and evolution of this and other biodiversity initiatives across the group, and to sharing the results they yield.

What are Gorgonias?

“Although they resemble plants, like coral, gorgonians are animals, and their job is to create structure. They are essential to improving the conservation of the seabed and play a similar role to trees, acting as a natural habitat or refuge for other species around them”, highlights Josep Maria Gili, a CSIC professor who works at the ICM.

“Although we are in an early stage, we feel optimistic about the possibility that the Leptogorgia sarmentosa gorgonia, present in the waters of Barcelona, can help us improve and repopulate the marine ecosystem of our city. The larval and juvenile phases of a large number of species such as sea bream, sea bass or seahorses survive better with gorgonia.”

IX. Biodiversity

Actions completed

Actions in progress

Expansion of the current fishnursery (La Ciotat) and bio-boosting units (Barcelona) to magnify their effectiveness in the ecosystem.

Installation of bio-boost devices in three different areas of the Barcelona shipyard to start regenerating ecosystems.

Delivery of the first full year of reports on the biodiversity status of the shipyard area, with a clear comparison between the areas with and without biodiversity supporting systems.

Enhance the data collection and reporting of the systems and have an online platform to review it.

Implement a system for species’ identification by genetic testing.

X. Community

GOAL: Develop a meaningful Social Responsibility strategy to promote sustainability among our stakeholders.

KPI: Do one major Social Responsibility action per month.

Context

We exist within a vibrant and passionate community with strong ties to the ocean and its wellbeing. MB92 Group shipyards are an active member in each of their areas, contributing to and participating in a number of initiatives locally, nationally, and internationally.

In 2023, we worked together with local community projects in Barcelona and La Ciotat with work ranging from circular economy initiatives such as La Ciotat’s Carbon Blue project and supporting local biodiversity conservation run by Barcelona-based Belong to Sea.

Within our economic community, we continue to work to develop the local Blue Economy, supporting businesses and organisations to create opportunities through sustainable use of the ocean’s resources. Covering areas from tourism to waste management, we work alongside entities such as the Port de Barcelona to grow the economy, improve livelihoods and ocean ecosystem health.

Further afield, we took part in a project together with the Fundación LH Europa. “Kitchen-in-a-box” acquires and repurposes shipping containers into mobile kitchen units to be used in schools in El Salvador requiring proper kitchen and storage facilities. The units are built to include solar panels as well as rainwater collection methods to reduce impact as much as possible.

Barcelona

Barceloneta neighbourhood

MB92 actively participates in local community initiatives such as donations and collections, as well as participating in projects that connect local people with their maritime heritage.

Belong to Sea

Create a culture of awareness and promote behavioural changes to improve sustainability.

Contenidor Solidari

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

Water Revolution Foundation

MB92 is an “Anchor Partner,” collaborator, and participant in the projects of this foundation that promotes sustainability in the superyacht industry.

Kitchen in a box project

“Fundación Logística Humanitaria Europa” provides the necessary infrastructure for the proper preparation and storage of food by adapting containers in kitchens for use in schools which lack these spaces.

Barcelona Port Innovation

The foundation the Port Authority of Barcelona has created to promote innovation in its business ecosystem. We have already collaborated on multiple projects, particularly on plastic recycling and circular economy.

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. Maintenance work to their vessel is carried out in the MB92 La Ciotat facilities at no cost.

SEA Index

MB92 is collaborating on the development of the SEA Index tool to assess and compare a yacht’s impact, which is supported by the independent certification company Lloyd’s Register.

Donations over €1,000:

€39,454.00 to raise sustainability awareness in the superyacht industry

€33,900.00 to develop the Blue Economy

€27,303.00 to support local social projects

Actions completed

Join the United Nations Global Compact initiative which supports the Sustainable Development Goals.

Participate in the development of the gorgonia project run by the Marine Science Institute in Barcelona, researching how species can grow in urban coastal areas and help improve biodiversity and CO2 capture capacity.

Actions in progress

Be active in the Occupation and Training, Environment, Sustainability and Innovation work groups of the Port community.

Collaborate with Metròpolis FPLab presenting sustainability-related challenges to local colleges to aid students in gaining experience and finding a first job opportunity.

Participate in CSR projects around nautical sports. Promote volunteering projects through workers and crews linked to marine science or neighbourhood actions in Barceloneta.

Yearly donation to Banc dels Aliments (food for people in need) and promotional support to the Port Authority to raise awareness of the initiative.

Be part of Barcelona Clúster Nàutic’s board to work on topics such as occupation and sustainability in the local nautical sector.

Support the Port Authority and the City Council to develop the Blue Economy strategy for the city of Barcelona, as well as participate and advance projects with them.

Support the development of new projects alongside marine science institutions

Strengthen our relationship with our neighbouring communities and support them whenever possible.

XI. People

Context

In 2023, our MB92 Group team was strengthened, expanding by 9% compared to the previous year, totalling 355 individuals across both sites. A notable portion of this growth was dedicated to reinforcing the Project Management team, which now comprises over 120 individuals, demostrating a strong commitment to develop this capacity.

Gender balance in the company remains weighted towards men, with a total of 94 women and 261 men, and the increase in each were similar compared with 2022, 10% growth for women and 9% for men. Our ongoing efforts in this regard are set out in the objectives of our Equal Opportunities Plan. As a result of this commitment, MB92 La Ciotat renewed its “Empl’itude label” award for 3 years within the framework of the AFNOR AC X50782 agreement (French Association for Standardization) in 2023 due to actions in favour of employment and professional integration. In Barcelona the percentage of woman is more than triple the one in our industry the “shipbuilding and repair”.

Ensuring the safety and wellbeing of our workforce and visitors is paramount. During peak seasons, over 900 individuals, including contractors, crew, and visitors, access our shipyards daily.

We prioritise their safety and security while also safeguarding client assets. Our robust safety protocols have resulted in an accident index1 of 44.24 and a severity index2 of 0.45, based on a total of 632,897 working hours in 2023.

Moreover, we uphold stringent compliance with Spanish and French labour regulations, extending this commitment to our contractors. This ensures that all individuals working within our organisation benefit from a supportive and legally compliant work environment.

After the period of leave for the birth of a child, mothers may perform a 7-hour working day (intensive work hours) and receive 100% of their salary, for the duration of one year.

Paid leave, without limit on the number of hours, to attend medical consultations for children, tutoring, school festivals (if proof is provided).

Paid leave, without limit of hours, when there is admission to the ICU of family members (if proof is provided).

Permit for the death of pets or veterinary emergencies (if proof is provided).

XII. Looking ahead

Looking ahead

In 2023, we laid the groundwork for significant advancements in areas such as alternative fuels and marine conservation. Notable initiatives include the introduction of HVO in La Ciotat and the launch of bio-boosting units alongside the Gorgonia Project in Barcelona. These efforts exemplify our commitment to integrating innovation with our sustainability strategy. Looking ahead to 2024, we aim to continue this trajectory by setting ambitious goals in circular economy, digitalisation, and energy efficiency.

The successful “PERTE Naval” project, ECONAVAL, will enable us to recycle in-house a significant portion of our plastics in Barcelona with the support from Carbon Blue in La Ciotat. These initiatives will be open to the port communities, fostering an unprecedented local upcycling effort. Furthermore, under the “PERTE Naval” framework, we will incorporate innovative concepts like AI and photogrammetry into our shipyard operations.

2024 will also present opportunities to forge new partnerships and strategies with our stakeholders. “Refit for the Future” will offer exciting new options for our clients, and we will unveil the first results of our carbon footprint

measurements for our main providers’ work processes. Additionally, our fourth sustainability paper, “People and the Ocean,” will be published.

Amidst these developments, we remain committed to our core areas of waste management, energy transition, and water management. We will continue to enhance these through the implementation of best practices and new investments.

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.