Climate Change Data

Sanlorenzo S.p.A.

Climate Impact & Sustainability Data (2018-2020, 2023-2025, H1 2024)

Reporting Period: 2018-2020

Environmental Metrics

Scope 1 Emissions:1795.67 tCO2e (Yacht), 270.87 tCO2e (Superyacht) in 2020
Scope 2 Emissions:667.52 tCO2e (location-based), 1334.23 tCO2e (market-based) (Yacht); 675.37 tCO2e (location-based), 1349.93 tCO2e (market-based) (Superyacht) in 2020
Renewable Energy Share:15% in 2020
Total Energy Consumption:45,845 GJ (Yacht Division) and 22,131 GJ (Superyacht Division) in 2020
Water Consumption:45.42 megalitres (Yacht Division) and 20 megalitres (Superyacht Division) in 2020
Waste Generated:1985.34 tonnes (Yacht Division) and 932.38 tonnes (Superyacht Division) in 2020
Carbon Intensity:0.75 tCO2e/hour (Yacht Division), 0.29 tCO2e/hour (Superyacht Division) in 2020

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Installation of a photovoltaic system at the Ameglia shipyard, providing renewable energy.
  • Implementation of closed-system infusion techniques in fibreglass production, reducing styrene emissions by about 98%.
  • Achieved 89% and 81% waste recovery for the Yacht and Superyacht Divisions respectively in 2020.

Social Achievements

  • Promotion of two female employees to boat captains.
  • Establishment of the Sanlorenzo Academy for specialized occupational training.
  • Reduction in employee turnover to 4% in 2020 (down from 8% in 2019).

Governance Achievements

  • Establishment of the Board of Directors Control, Risk and Sustainability Committee.
  • Formalization of a Code of Ethics and an Organizational Management and Control Model (Legislative Decree 231/01).
  • Implementation of an Internal Control and Risk Management System (ICRMS).

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions (target year not specified).
Medium-term Goals:
  • Implement improved hybrid propulsion systems in both divisions within the next two years.
  • Integrate ESG assessment of suppliers into the pre-certification process by 2021.
Short-term Goals:
  • Develop an energy management system for each shipyard by 2023.
  • Complete asbestos removal at Ameglia shipyard by the end of 2021.

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic.
  • Limitations of current hybrid propulsion systems in terms of weight, cost, safety, and space.
  • Challenges in reducing NOx emissions from yacht engines at low loads.
Mitigation Strategies
  • Implementation of a Safety and Prevention Protocol to resume operations during the pandemic.
  • Collaboration with international companies and research institutions to develop improved hybrid and electric propulsion systems.
  • Partnership with the University of Pisa to research alternative NOx neutralization solutions.

Supply Chain Management

Supplier Audits: 85 potential new suppliers assessed between 2018 and 2020; 44 entered into contractual relations.

Responsible Procurement
  • General Conditions of Contract or Purchase
  • Code of Ethics
  • Supplier assessment questionnaire

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards (In accordance - Core Option)

Certifications: ISO 14001:2015 (Ameglia, Massa, La Spezia), ISO 45001:2018 (Massa, Viareggio)

Third-party Assurance: BDO Italia S.p.A. (limited assurance)

UN Sustainable Development Goals

  • Goal 4
  • Goal 8
  • Goal 10
  • Goal 12
  • Goal 13
  • Goal 14
  • Goal 16

Initiatives contribute to these goals through education, economic growth, reduced inequality, responsible consumption and production, climate action, life below water, and peace and justice.

Sustainable Products & Innovation

  • Hybrid propulsion systems (limited application)
  • Sustainable materials (research ongoing)

Awards & Recognition

  • 2020 Golden Compass award for exhibition design

Reporting Period: 2023-2025

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Carbon Neutrality

Environmental Achievements

  • Launch of the first 50Steel equipped with methanol fuel cells in 2024, aiming for a fully methanol-powered 50Steel superyacht by 2028.
  • Launch of BGH tender (hydrogen-powered) in June 2023, achieving zero emissions at 50 knots.

Social Achievements

  • Sanlorenzo Academy for crew training.
  • Strengthening of premium service packages including charter fleet, leasing/financing, and maintenance.

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Launch of the first superyacht 50Steel powered solely by methanol by 2028.
Medium-term Goals:
  • Launch of the first 50Steel equipped with methanol fuel cells by 2024.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Meeting the 100% decarbonisation target for shipping by 2050.
Mitigation Strategies
  • Collaboration agreements with leading energy and E-fuels players to develop carbon-neutral power generation for yachts.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Vertical supply chain integration with partnerships and minority stakes in strategic suppliers.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Methanol fuel cell powered yachts
  • Hydrogen-powered yachts

Awards & Recognition

  • Not disclosed

Reporting Period: H1 2024

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Sustainability
  • Green Transition of Yachting

Environmental Achievements

  • Delivery of the first-ever superyacht equipped with a Siemens Fuel Cells-Reformer system, powered by green methanol, achieving up to 80% emission reduction.
  • World's first superyacht with a methanol reformer-fuel cell system

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

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

  • World's first superyacht with a methanol reformer-fuel cell system
  • First ever superyacht powered by Fuel Cells + Volvo hybrid engine (zero emission for 10 hours at 8 knots)

Awards & Recognition

  • Not disclosed