The industry must adopt comprehensive and cohesive strategies that transcend traditional practices to secure its future, says MB92 Group…
The yachting industry must urgently address environmental, social and governance (ESG) issues if it is to survive, according to MB92 Group’s latest report, People and the Ocean – How the Yachting Industry is Addressing the Sustainability Challenge with Top Talent. The superyacht refit management specialists’ report unveils critical insights into the industry’s current approach to social issues and sustainability, revealing a scene of both promise and challenge, using insights from experts on social issues and sustainability in the yachting industry with extensive research.
This includes a quantitative survey of companies within the shipyard’s supplier network and a qualitative survey of yacht management representatives and captains. The panel, comprising various industry stakeholders from different backgrounds, examined the sector’s social challenges, noted recent progress and identified key focus areas, driving factors and obstacles to adopting sustainable social practices.