Ferretti Group's Agenda for Sustainability

By Jenna Mehdi

Ferretti Group has become the first marine sector group to introduce a formal corporate responsibility process in regards to sustainability. The release of Ferretti Group’s first sustainability report solidifies the growing importance of planet-friendly development in our industry as well as Ferretti Group’s pioneering approach towards it.

The official report identified the four greatest areas of corporate significance for Ferretti Group, to be used as a guideline for environmental and social performance monitoring each year. These areas are innovation and luxury, environmental impact of the production process, value for the local area and human capital. This is to be applied to the various brands of Ferretti Group, whose superyacht branches include CRN, Pershing, Riva, Custom Line, Ferretti Yachts and Wally. 

In a statement, Ferretti Group laid out the various measures already underway at its Ancona headquarters and beyond to push this sustainable agenda. For example, beginning with the use of high performance and sustainable materials, the wood used in Ferretti Group’s interiors is sourced from certified forests adhering to strict environmental standards. The use of carbon fibre is also designed to produce a much lighter hull weight and lead to significantly reduced fuel consumption. 

There is also significant research underway into hybrid engines and new technologies designed to further reduce hull weight. This is evidenced by the ISO 14001 certification of the environmental management systems in place at the La Spezia site, or the installation of the Ancona trigeneration plant for clean energy production. These efforts have yielded concrete results; last year, CRN became the first Italian shipyard to achieve IMO Tier III certification on its eco-friendly flagship M/Y 137 (now Voice). 

The group is also looking at its impact on the local area and human capital. With over 85% of its supply chain based in Italy and over 75% of the total economic value generated by Ferretti Group distributed within the country, a positive upward trend of job creation and SME growth has been established. This year Ferretti Group will renew its insurance policy to protect over 1,500 workers at risk of contracting COVID as well as distributing over 1,5000 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. 

He went on, “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.” 

It is this responsible approach which continues to underpin Ferretti Group’s philosophy and success, not only for its workers and local economy but the ocean and environment at large. The report marks a key milestone in setting forth a concrete and documented agenda on environmental responsibility, and should serve as a benchmark for other industry leaders to follow suit.

"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."

Alberto Galassi, CEO Ferretti Group

"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."

Alberto Galassi, CEO Ferretti Group
By Jenna Mehdi
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