Ferretti Group has released its first sustainability report on corporate operations. The document formally testifies to the Group’s introduction of a virtuous pathway to minimise the environmental impact of its production processes and yachts, promoting better and wider ranging corporate social-responsibility measures. 



A materiality analysis has identified the topics with the greatest impact on business activities and the indicators to evaluate them, grouping them in four areas that will be examined each year in ever greater detail and used to measure the environmental and social performance of Ferretti Group: 

– Innovation and luxury: yachts
– Environmental impact of the production process
– Value for the local area
– Human capital

For Ferretti Group, sustainability starts with the quality and excellence that characterise the yachts it builds. Which is why research and development focus on the use of high-performance, sustainable materials and reducing energy consumption. The wood used in interior design is sourced from certified forests managed according to strict environmental, social and economic standards. The use of carbon fibre significantly reduces hull weight, resulting in yachts that are more efficient and consume less fuel.

 
The research into hybrid engines and new technologies that reduce hull weight, as well as into improving the efficiency of shipyard activities is an important part of Group activity. In this sense, the ISO 14001 certification of the environmental management systems in place at the La Spezia site is the starting point for integrated management of the environmental impact of all production processes, as is the IMO Tier III certification obtained by CRN, the first shipyard in Italy to achieve this milestone, for a 62m megayacht. Also worthy of mention is the installation of the Ancona trigeneration plant to produce clean electric power, heating and cooling.

Fundamental aspects are in the social sphere and include the impact on the local area, the entire supply chain and the central importance of human capital. Over 85% of Ferretti Group’s supply chain, which employs a total of more than 2,500 workers, is based in Italy and over 75% of the total economic value generated is distributed in the country. This contributes to job creation and the growth of the ecosystem of small and medium enterprises, including craft businesses, with which the Group has for years had a history of virtuous collaboration. This collaboration allows Group suppliers to develop specific processes and know-how and operate on global markets, generating development and innovation.

As a result of all the measures that have been introduced, including the complete sanitisation of the production process right through to delivery, Ferretti Group has obtained RINA Biosafety Trust Certification, the first voluntary certification to prevent and control COVID infections, protecting over 1,500 workers, as well as customers. Finally, the Group has taken out an insurance policy covering all employees and providing protection in the event they test positive for the virus. This policy, which has been renewed for 2021, will be completed by another initiative to distribute 1,500 pulse oximeters to employees. 

“If we want to continue to grow steadily as a market leader, it is essential to address the economic, environmental and social impacts produced by our activities on the local areas where we operate. Successful sales efforts must go hand in hand with corporate responsibility,” commented Ferretti Group CEO Alberto Galassi. “In recent years, Ferretti Group has reported rapid growth and development, bringing beauty and innovation to the marine industry. We work with many different stakeholders and their sustainability needs and expectations are important in defining the measures we introduce from day to day to manage and mitigate the impact of our growth strategies. For this reason, and to testify to our corporate responsibility, we have decided to embark on a formal process that has led to the preparation of our first Sustainability Report. A first for Ferretti Group and a first for the Italian marine industry.”

The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.

Credits: Ferretti Group

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