Can superyachts be a vessel for change?

Despite its fair share of criticism, superyachts are working with various initiatives to create positive impacts.

In recent times, the superyacht industry has found itself under increasing scrutiny. Despite the glamour and opulence associated with these vessels, there is a growing recognition of their potential to make significant positive impacts beyond their economic contributions. From supporting local economies to aiding disaster relief and advancing environmental conservation, superyachts are becoming catalysts for change.

Economic Backbone and Job Creation
The economic footprint of superyachts is substantial throughout their lifecycle. The International Superyacht Society estimates that constructing a superyacht can employ up to 2,400 people, directly and indirectly. This not only includes skilled craftsmen but also boosts local economies where shipyards are located. Similarly, during operational phases, crew salaries inject funds into communities where these yachts dock, providing a vital economic stimulus.

Humanitarian Aid and Disaster Relief
Superyachts have proven invaluable in humanitarian efforts and disaster relief.

Organisations like Yacht Aid Global coordinate efforts to deliver essential supplies to remote areas hit by natural disasters. The initiative extends to providing medical assistance and emergency relief, showcasing the versatility and readiness of these vessels to respond swiftly to crises.

For instance, the superyacht Dragonfly and Mayan Queen IV played pivotal roles in delivering aid and conducting rescue operations in regions struck by cyclones and migrant crises, respectively. These efforts underscore the industry’s capability to mobilize resources effectively in times of urgent need.

Environmental Stewardship and Conservation
Beyond humanitarian aid, superyachts are increasingly engaged in environmental conservation efforts.

The Nekton Group is to protect the ocean. They have undertaken a series of expeditions to explore, protect and restore it’s health for the benefit of the planet, and often undertake these missions using yachts. Each mission combines commitments to ocean protection, research to inform ocean policy, knowledge exchange and inspirational communications to strengthen the public mandate for political action.

Yachts for science is a similar initiative, who’s goal is to bring together yacht owners and crew with marine scientists, researchers and content creators and provide access to the oceans. This is achieved by utilising the thousands of yachts that are travelling the globe as platforms for research.

Similarily, The SeaKeepers DISCOVERY Yacht Programme facilitates scientific research expeditions onboard, contributing valuable data to marine conservation projects. From tagging marine wildlife to mapping the ocean floor using advanced sonar technology, these initiatives leverage the unique capabilities of superyachts to advance our understanding of marine ecosystems and support conservation efforts.

Community Engagement and Social Responsibility
Recognising their social responsibility, many within the yachting community are actively involved in charitable initiatives. Organizations like Yachting Gives Back collaborate with crews and local charities to collect and distribute essential items to disadvantaged communities. This grassroots effort not only provides tangible support but also fosters a deeper connection between the industry and the regions it visits.

Additionally, the Superyacht Charities Foundation raises significant funds for various causes, demonstrating the collective philanthropic potential of shore-based businesses within the industry. Whether supporting local lifeboats or aiding communities devastated by natural disasters, these initiatives underscore the industry’s commitment to giving back.

Challenges and Opportunities Ahead
While individual efforts are commendable, there is a call for more coordinated and formalised support across the industry. Strengthening Environmental, Social, and Governance (ESG) practices can enhance the industry’s credibility and attract broader support. Initiatives like the Water Revolution Foundation’s Ocean Assist fund and partnerships for sustainable development in vulnerable regions illustrate the potential for superyachts to drive positive change on a global scale.

As the superyacht industry navigates evolving expectations and challenges, there is an opportunity to redefine its role beyond luxury and leisure. By embracing sustainability, promoting community engagement, and supporting humanitarian and conservation efforts, superyachts can enhance their social impact while safeguarding the environments they traverse. By uniting efforts and formalizing support for charitable initiatives and sustainable practices, superyachts can not only enhance their ESG credentials but also foster a more positive public perception, securing their place as global ambassadors for change.

To learn more about some of these initiatives, contact enquiries@priavosecurity.com.

Reference:
https://www.superyachtnews.com/operations/the-positive-potential-of-superyachts-