Today is World Oceans Day. This is an important day to celebrate our precious oceans, but it’s also a time for the superyacht industry to unite to help protect them. And for good reason. Our passion for the water is the very reason our industry exists. We are intrinsically connected to the oceans and our future relies on their health. At Water Revolution Foundation, we understand that the challenges facing our oceans are also the challenges of our own industry. Alongside our efforts to reduce the footprint of the superyacht industry, we recognise that for a well-rounded approach, we must also directly invest in conservation efforts.
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.
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.
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.
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