- Business - MB92 publishes sustainability report

By SuperyachtNews

MB92 publishes sustainability report

'The Superyacht industry is flying a little blind with insufficient data on sustainability', according to the latest report from MB92 group…

The MB92 report highlights the need for increased regulation and environmental assessment within the superyacht supply chain. Publishing its third sustainability report, MB92 Group highlights the need for greater regulation and concertation across the superyacht industry and its vast supply chain.

For this new report, MB92 Group surveyed its supply network and consulted key stakeholders from the industry and environmental NGOs for a broad discussion on the path ahead for the luxury yacht sector and its suppliers. Among the topics discussed were the challenges for refit shipyards and suppliers to propose sustainable solutions to clients, considerations when looking at the whole of the superyacht lifecycle such as material sourcing and sustainable manufacturing processes, research and development and innovation from the supply chain.

“For all the spectacular growth seen in recent decades, the yachting industry is today faced with a daunting challenge,” says Jean-Marc Bolinger, MB92 Group CEO. “Either it becomes truly sustainable, or it risks disappearing”

The survey of MB92 suppliers showed that 44% of respondents consider the data available to support sustainable development in their field of expertise either insufficient or non-existent. In addition, only 39% of the companies surveyed had a mechanism in place to measure their impact and just 14% had a mechanism to evaluate that of their own suppliers.

A lack of reliable data to judge the credentials of alternative products and solutions was one of the main obstacles emphasised by panel members for implementing sustainable upgrades on the superyacht fleet. Industry representatives often find themselves ill-equipped to convince decision-makers with several captains and yacht managers highlighting the uphill battle they face to enhance the sustainability profile of their ships. In addition to the scarcity of data, they also underlined the importance of regulation and public scrutiny in convincing owners to invest in sustainable upgrades.

Philippe Bernard, MB92 Group Procurement Director explains: “We need to be able to offer a catalogue of solutions and to be able to recommend the right solution for the right boat. This is really where, as a refit shipyard, we can bring something to the table together with our network of suppliers.”

The main conclusions of the report:

Research conducted by MB92 for this report, within its network of suppliers, shows that 82% of companies surveyed already have a sustainability plan in place. Survey results also highlighted that 50% of suppliers had no mechanism in place to assess the impact of their own activity and 75% had no means to measure that of their own suppliers.

Efforts undertaken by these companies appear to be broad-based, encompassing many aspects of their business operations. Despite these efforts, progress regarding the sustainability profile of the yachts themselves has been relatively slow. The industry needs to intensify its efforts to raise awareness regarding the sustainability challenge among all stakeholders.

The lack of reliable data to assess the sustainability credentials of alternative products and solutions offered is a major challenge. The limited progress made by the supply chains of some equipment makers is also another important challenge. Industry players show strong interest in a broader assessment of their impact, with regard to Environmental, Social and Governance (ESG) criteria.

This report and previous iterations can be read in full via the MB92 Group website. 

Profile links

MB92 Barcelona

MB92 La Ciotat

Join the discussion

MB92 publishes sustainability report


To post comments please Sign in or Register

When commenting please follow our house rules

Click here to become part of The Superyacht Group community, and join us in our mission to make this industry accessible to all, and prosperous for the long-term. We are offering access to the superyacht industry‚Äôs most comprehensive and longstanding archive of business-critical information, as well as a comprehensive, real-time superyacht fleet database, for just £10 per month, because we are One Industry with One Mission. Sign up here.

Related news

Image for Dubai deal and shiplift enhance MB92's portfolio

Dubai deal and shiplift enhance MB92's portfolio

Jean-Marc Bolinger, CEO of MB92 Group, explains how the Dubai facility complements a period of unprecedented growth for the refit specialists


Image for MB92 announces significant structural changes

MB92 announces significant structural changes

MB92 adapts its management structure at its Spanish and French shipyards


Image for Squircle Capital increases controlling stake in MB92 group

Squircle Capital increases controlling stake in MB92 group

Squircle Capital is now a 93% shareholder of the group


Image for MB92 La Ciotat inaugurates 4300-tonne shiplift

MB92 La Ciotat inaugurates 4300-tonne shiplift

MB92 are now expecting a massive increase in activity and a positive knock-on effect on local employment


Image for MB92 Group appoints new CEO

MB92 Group appoints new CEO

Jean-Marc Bolinger joins MB92 as CEO, Pepe García-Aubert will continue as Chairman of the group


Sign up to the SuperyachtNews Bulletin

Receive unrivalled market intelligence, weekly headlines and the most relevant and insightful journalism directly to your inbox.

The SuperyachtNews App

Follow us on