The Roadmap 2050: build Sector Targets
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The Roadmap to 2050 is designed to serve as a compass for navigating uncharted waters—together. It outlines a collective, coordinated approach with quantified goals that engage and empower every stakeholder in the yachting industry. By committing to this roadmap, yachting companies can future-proof their operations, not only advancing decarbonisation but also moving towards a regenerative future.
2025
30 largest yacht builders select KPIs to annually submit energy, waste and water use
2030
Emissions from energy: -30%, from waste: -20% and from water: -20%
2035
Emissions from energy: -53%, from waste: -40% and from water: -40%
2040
Emissions from energy: -72%, from waste: -60% and from water: -60%
2045
Emissions from energy: -87%, from waste: -80% and from water: -80%
2050
Emissions from energy: -100%, from waste: -100% and from water: -100%
Sector specific targets: Build
The differences in energy intensity for building the GTs and the energy mix already provides great opportunity to reduce impact, apart from the potential reductions in amount of energy needed.
Waste is generally not hazardous, yet this does not mean that it is not impactful to dispose/recycle.
The amount of waste can add up to one-third of the weight of the vessel, which is probably where a lot is to gain as well, also from an economic cost point of view apart from the environmental cost.
The collective path forward
To effectively track progress, yachting needs a centralised, standardised data monitoring system.
This system should be designed for collective benefit—allowing participants to track their own progress, benchmark it against their peer group and as such contribute to monitor the overall sector trajectory toward net-zero.
Selecting the right KPIs, determining the scope for the data submission to enable comparison, utilising existing sources, and setup a frequent data collection mechanism for monitoring is what needs to happen within 2025 with a critical mass of industry players.