It is our pleasure to share with you our second animation, explaining the methodology behind our Yacht Assessment Tool.
This part II animation emphasizes the Life Cycle Assessment approach, where our tool is based on and why this is important when assessing environmental impact.
Read more about the Yacht Assessment Tool.
Water Revolution Foundation reached another milestone when it was granted the status of a Public Benefit Organisation (PBO). This status is only granted to non-profit organisations where their aims and activities go beyond serving the needs and interests of its partners or the industry it operates in.
The requirements are stringent and this PBO status reinforces Water Revolution Foundation’s core mission, laid in the articles of association, to repair and look after the world’s precious oceans and neutralise the environmental impact of the yachting industry. While started from within the superyacht industry and working on tools that help significantly with reducing our industry’s environmental footprint, without healthy oceans there is little reason to go yachting. Both missions go hand-in-hand and showcase a new hybrid model for the foundation, as well as for the superyacht industry in order to be future proof.
Benefits of the PBO status includes recognition and trust among stakeholders, such as governmental institutions, international organisations, but also philanthropic foundations supporting others. Also, donations, both monetary and intellectual property, and inherited capital are not taxed. It also increases potential access to project funding from national or institutional funds. Most important, however, is that Water Revolution’s true commitment to reaching its goals is being recognized and rewarded with this rare PBO status.
It is our pleasure to share with you our new animation, introducing our foundation as well as our Yacht Assessment Tool.
A second animation is currently being worked on, which will further explain the methodology of the tool and how it works.
Stay tuned!
Read more about the Yacht Assessment Tool.
We are pleased to welcome Elisabetta Zerazion to the Water Revolution team as our scientific coordinator. Elisabetta has been instrumental in the development of our Yacht Assessment Tool and was on the panel during its launch at The Superyacht Forum in Amsterdam last November.
Elisabetta is a life cycle assessment (LCA) expert, and brings with her a valuable skillset that is rare to find in the superyacht industry, yet crucial if we are to measure our environmental impact. We look forward to helping the superyacht industry assess and, ultimately, reduce its environmental impact. Elisabetta will starting working on the case studies developed together with the foundation’s partners to further fine-tune our tool and onboard the partners, who invested in this tool, first.
To start the decade of sustainability in yachting, Water Revolution Foundation brought its Code of Conduct to the Superyacht Design Festival organised by Boat International Media in Cortina d’Ampezzo, Italy where it was signed by the leading designers and builders of the superyacht industry.
Code of Conduct
As part of its mission to drive sustainability in the superyacht industry through collaboration and innovation, Water Revolution Foundation has developed a Code of Conduct, made up of 10 commitments for companies to sign up to. It reinforces the collective approach but also emphasises the individual responsibility and major influence that each company has.
Signing the Code of Conduct
There will be further opportunities to sign at other upcoming industry events, including the Dubai International Boat Show, Monaco Ocean Week and Superyacht Design Forum. You can also sign the Code online.
Sign the Code of Conduct online
View who signed the Code of Conduct
Great news: The superyacht industry is finally able to assess its environmental footprint. Besides the industry’s positive economic and social impacts, it also has an environmental impact.
Being able to measure this is the starting point of being able to improve upon it. The goal of Water Revolution Foundation is that the superyacht industry takes a proactive approach towards sustainability in order to future-proof the business.
We have to do this right, the first time. Therefore, the scientifically-developed and superyacht-tailored assessment tool, initiated by Vienna Eleuteri, before being accelerated and finalised by Water Revolution Foundation, uses the ten most important environmental indicators and is based on the Life Cycle Assessment approach. This is a far more holistic view of the environmental impact of a yacht and is much more sophisticated than simply calculating CO2 emissions of sailing from A to B.
Like with yachts, after a successful launch comes time for sea trials. At the launch of the tool at The Superyacht Forum, we called on the industry to share their case studies with us. Together we will assess their product or service, discuss the results and identify steps for improvement or alternative choices. You can find more information about our Yacht Assessment Tool here.