Amico & Co has published its first Sustainability Report, providing a transparent picture of the company’s performance and future goals from an ESG perspective
Genoa, 27th June 2023 – Amico & Co has published its first Sustainability Report, the result of a process of context analysis and stakeholder engagement. The voluntarily drawn up document follows the guidelines of the Global Reporting Initiative (GRI) and aims to provide a transparent picture of the company’s performance and future objectives. The report, produced with the support of sustainability and energy consultancy company AzzeroCO2, regards data analysed regarding the 2019- 2021 period and is available for immediate download on www.amicoshipyard.com.
Amico & Co’s next challenge has already begun and concerns the application of innovative technologies to refit and the transformation of existing super and mega yachts with the aim of contributing to the ecological transition of the world fleet. “Some projects are already underway: the existing fleet can benefit from projects that reduce energy use on board, in particular from repowering projects with lower emissions and higher energy efficiency, such as hybrid propulsion retrofits,” explains Alberto Amico, President of Amico & Co S.p.a. “The technology and resources for this transformation are in a phase of strong development; for now, however, the decision to move to this sort of technology lies with yacht owners. Our strategy is to work with new build shipyards and on-board ship systems providers to find ways to transfer new technologies to the existing fleet.”
A materiality analysis revealed 10 relevant topics on which the company intends to focus. Among these, particular attention has been and will continue to be given to the development of employees, the growth of the employee sector, to the quality and safety of the services offered, and last but not least to economic responsibility in the sense of economic redistribution throughout the territory. For the future, the company has set itself several sustainability goals, including the introduction of the separate collection of urban waste from boats in a direct form (today managed internally by Amico), while it has just finished commissioning of the new photovoltaic system installed on site which will self-generate 53% of the energy needed for shipyard production activities and Waterfront Marina from renewable sources, generating up to 1 MegaWatt peak thanks to the 1782 solar panels installed on the roofs of the facilities.
For more than 30 years, Amico & Co has been investing in efficiency through its infrastructures, among in particular the permanent hangars that confine works and emissions, making it possible to avoid – in terms of energetic savings and in the three-year period 2019-2021 alone – the production of 405 t of CO2eq, as well as providing logistic efficiency, resulting in time, cost and resource savings for vessels undercover when compared to temporary structures.
Amico & Co has been ISO 14001 certified for almost 20 years, since 2005, and has been in compliance with the Single Environmental Authorisation issued by the Metropolitan City of Genoa since 1997. Today, the company looks at the growing attention to ESG issues as a renewed drive to continue its path of optimising the sustainability of its activities, with the aim of creating shared value for the company and the territory, listening to stakeholders’ needs. The Genoese shipyard, a global leader in the refit and repair of super and mega yachts which realises around 110 projects every year, benefits from the synergy with the professional nautical sector rooted in the surrounding area, confirming the value and strategic potential of the superyacht economy represents in city development. The next challenge has already begun and concerns the application of innovative technologies to refit and the transformation of existing super and mega yachts with the aim of contributing to the ecological transition of the world fleet.
Key figures reported in the report for the year 2021:
- Thermal efficiency of the hangars has been measured in 73% consumption savings
- 405 tonnes of CO2 equivalent saved in the three-year period 2019-2021
- All docks at the shipyard and Waterfront marina are electrified
- Distributed economic value in 2021 Euro 5m representing approximately 90% of the value of production.