Lloyd's Register JDP
27 September 2022
Landmark notation will provide documented evidence that a vessel is certified as Carbon Positive and is compliant for all green financing, green bonds and carbon credits.
Lloyd’s Register (LR) and Capital C Design and Technology Ltd (Capital C) have announced a collaboration to develop a landmark sustainability notation for the yacht sector that will clearly define a vessel’s sustainability throughout its life from ‘cradle to grave’, enhancing LR’s existing ECO notation.
Capital C has created designs and specifications incorporating technology that demonstrates reduced Greenhouse Gas (GHG) emissions, advanced energy recovery systems and the use of certified sustainable materials for Superyachts and Passenger Expedition Yachts. These designs have been independently verified to be Carbon Positive and are compliant for carbon credit trading, green financing and green bonds, a global first.
The new 100% sustainability notation will mean that yachts can be constructed and operated to meet the current IMO 2030 and 2050 requirements and will be built with the most sustainable materials that are currently available. The joint development project will welcome other technology partners in the months to come.
Graeme Hyde, Americas Sr. Business Development Manager, LR said: “Under this joint development partnership with Capital C that builds on Lloyd’s Register’s existing ECO notation, LR will support the creation of a landmark 100% sustainability notation that will evidence whether a vessel is certified as Carbon Positive and is compliant for all green financing. This will enable our clients to build and operate IMO 2030 and 2050 compliant vessels today.”
Cindy Devina, Founder and Managing Director, Capital C said: “Capital C is determined is to be at the forefront of green credential Carbon Positive yacht designs and builds within the Superyacht and Passenger Expedition Yacht industry. Working with Lloyd’s Register, this joint development partnership will set the groundwork for a decarbonised maritime sector.”