Climate Change Data

Environmental Metrics

ESG Focus Areas

• Not disclosed

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to COVID-19 pandemic and geopolitical conflicts (Russia-Ukraine war)
• Potential warranty and product liability claims

Mitigation Strategies

• Internalizing a strategic portion of GRP and carbon-fiber hull production
• Developing alternative sourcing strategies
• Maintaining adequate warranty reserves and insurance coverage

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental impacts of production
• Value for the local area
• Employee well-being
• Product sustainability
• Customer relations

Environmental Achievements

• La Spezia site obtained ISO 14001 certification for environmental management systems.
• CRN became the first shipyard in Italy to receive IMO Tier III certification for a 62-meter megayacht, reducing NOx emissions by 70%.
• Reduced natural gas consumption due to efficient plant use and renovations.
• Upgraded lighting systems to LED technology, reducing electricity consumption.
• Installed a trigeneration plant in Ancona, reducing electricity demand by 79% and thermal energy demand by 32%.

Social Achievements

• Reduced work-related injury frequency index by 87% over 10 years.
• Achieved zero serious work-related injuries in 2019.
• Provided specific health coverage for employees during the COVID-19 emergency.
• Increased total number of female employees by 11% (from 198 in 2017 to 220 in 2019).
• Provided over 15,000 hours of training in 2019 (a 60% increase from 2017).

Governance Achievements

• Established an Ethics Code and an Organisational, Management and Control Model to prevent offences under Legislative Decree 231/2001.
• Appointed an external Data Protection Officer (DPO) to ensure compliance with GDPR.

Climate Goals & Targets

Environmental Challenges

• Reducing the environmental impact of yacht production and use (fuel consumption, materials, waste).
• Balancing the need for high-quality materials with sustainability.
• Managing the weight of yachts to improve fuel efficiency.
• Developing alternative propulsion systems (hybrid and electric engines).
• Addressing the challenges of hull recycling at end-of-life.

Mitigation Strategies

• Research into lighter materials (carbon fiber), hybrid engines, and waste reduction techniques.
• Use of certified wood from responsibly managed forests.
• Implementation of energy-saving measures and renewable energy sources.
• Investment in waste management and recycling programs.
• Continuous improvement of occupational health and safety measures.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Selection of suppliers based on technical capacity, financial solidity, and after-sales assistance. Use of certified wood from responsibly managed forests.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and alternative propulsion systems.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 14001:2015 (La Spezia site), RINA Biosafety Trust

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 6 (Clean Water and Sanitation)
• Goal 7 (Affordable and Clean Energy)
• Goal 8 (Decent Work and Economic Growth)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 13 (Climate Action)

Ferretti's initiatives contribute to these goals through water management, energy efficiency, job creation, innovation in sustainable products, and greenhouse gas emission reduction.

Sustainable Products & Innovation

• Yachts with hybrid propulsion, use of lighter materials, and improved waste management.

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate change
• Sustainable supply chain management
• Human capital development
• Value creation for local communities
• Research & Development
• Occupational health and safety
• Human and civil rights
• Diversity, equal opportunity and inclusion
• Product Safety
• Anti-corruption and money laundering

Environmental Achievements

• Investments in R&D for environmentally friendly and sustainable solutions, including hybrid and electric propulsion systems and eco-friendly materials.
• Gradual adjustment of shipyards to ISO 14001:2015 environmental certification.
• Launch of the full electric Riva El-Iseo.
• Upcoming INFYNITO range with eco-friendly solutions (F.S.E.A.).
• Navetta 50 equipped with Selective Catalytic Reduction system.
• Use of eco-friendly materials such as antifouling paints, water-based coatings, and linen fibers.

Social Achievements

• Planning to launch the “Scuola dei Mestieri”, a professional training course for young people in boatbuilding.
• Strengthened dialogue with local communities.
• Continued refinement of the assessment of the impacts of its business.

Governance Achievements

• ESG Committee supports the Board on ESG policies and strategies and reviews sustainability performance.
• Updated Code of Ethics in 2022.
• Updated 231 Model in 2022, with planned employee training for 2023 on anti-corruption and anti-bribery.

Climate Goals & Targets

Environmental Challenges

• Reducing environmental impact of yachts and production processes.
• Managing risks related to polluting atmospheric emissions, waste management, water consumption, energy consumption, and GHG emissions.
• Ensuring sustainable supply chain management.
• Creating value for local communities.
• Maintaining customer safety and data privacy.
• Protecting occupational health and safety.
• Maintaining business ethics and fairness.
• Monitoring technological developments.
• Attracting, retaining, and developing talent.

Mitigation Strategies

• Investments in R&D for alternative propulsion systems and eco-friendly materials.
• ISO 14001:2015 certification at multiple sites.
• Specialized HSE divisions at each plant.
• Community investment plans.
• Compliance with GDPR and internal audits.
• HS training activities and injury reduction targets.
• Code of Ethics and anti-corruption policy.
• Product strategy and operations committees.
• Employer branding activities, employee engagement surveys, and investment in training and development.

Supply Chain Management

Supplier Audits: All new suppliers in 2022 were assessed according to environmental and social criteria.

Responsible Procurement

• Code of Conduct for suppliers covering ethical business, respect for workers’ human rights, and ESG topics.
• Supplier training on the Code of Conduct and safety measures.

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products and alternative propulsion systems.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2015, ISO 14001:2015, Biosafety Trust

UN Sustainable Development Goals

• Goal 7: Affordable and clean energy
• Goal 13: Climate action
• Goal 12: Responsible consumption and production
• Goal 8: Decent work and economic growth
• Goal 9: Industry, innovation and infrastructure

Ferretti Group's initiatives contribute to these goals through sustainable product development, responsible supply chain management, and community investment.

Sustainable Products & Innovation

• Riva El-Iseo (full electric)
• INFYNITO range (F.S.E.A.)
• Navetta 50 (SCR system)
• Wallytender 43x and 48x (solar panels)

Awards & Recognition

• Multiple awards for Riva, Wally, Ferretti Yachts, CRN, and Custom Line models from various publications (details in the report).

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Introduced a pioneering hybrid propulsion solution to the market in 2008 and continues to innovate in this field.
• Launched a collaboration with Rolls-Royce Power Systems to jointly develop hybrid solutions to be installed on future yachts (agreement extended until the end of 2027).
• Entered the E-luxury segment with the first Riva full-electric powerboat, Riva El-Iseo, available for sale in January 2024.
• All shipyards are adjusted to the ISO 14001:2015 environmental certification, introducing innovative solutions (such as trigeneration systems) and increasingly proficient solar panels to reduce both energy consumption and emissions.

Social Achievements

• The Group believes that it is vital to attract, recruit and retain quality employees. Thus, our Group provides competitive remuneration package and regular training to attract and motivate the employees.
• During the Reporting Period, the Group did not experience any significant labor disputes or any difficulty in recruiting staff for its operations.
• Charitable donations made by the Group amounted to €1,176 thousand (2022: €358 thousand).
• Active participant in the fight against violence against women through the promotion and organisation of women’s self-defence courses.

Governance Achievements

• Established the ESG Committee in 2011, responsible for helping the Board to devise ESG policies and strategies and reviewing and assessing its sustainability performance.
• Adopted a Group policy on diversity in the Board of Directors and the Board of Statutory Auditors.
• Adopted a whistleblowing procedure through which employees may report irregularities or breaches of applicable laws or regulations, or of internal procedures.

Climate Goals & Targets

Environmental Challenges

• Risks associated with changes in the general macroeconomic, political, social and regulatory conditions in the markets in which we operate.
• Risks associated with the Group’s supply chain (delays, interruptions, quality issues).
• Potential warranty and product liability claims.
• Substantial interruptions to production activities.

Mitigation Strategies

• The Group continues to adopt a prudent financial management approach towards its treasury policies and thus maintained a healthy liquidity position throughout the Reporting Period.
• The Board closely monitors the liquidity position to ensure that the liquidity structure of the Group’s assets, liabilities and other commitments can meet its funding requirements from time to time.
• The Group could use foreign currency forward contracts to hedge its exposure to foreign currency risks in connection with forecast transactions and firm commitments.
• Internalization of high value-added activities to support future growth and product portfolio expansion.

Supply Chain Management

Climate-Related Risks & Opportunities

Opportunities

• Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI, Hong Kong Stock Exchange’s ESG Reporting Guide

Certifications: ISO 14001:2015

Sustainable Products & Innovation

• Hybrid propulsion solutions
• Riva El-Iseo (full-electric powerboat)
• Eco-friendly and lighter materials