Capital C’s vision, goal and determination is to be at the forefront of green credential Net Zero vessel design and builds within the yachting industry and to bring sustainability to the forefront within the yachting and maritime sectors. Sustainable Yachting, the carbon footprint, environmental and social impact of our operations and the vessels we design and build and subsequently sail within the blue economy is of paramount to Capital C as an organisation.
Our commitment to sustainability not only lies within our own Net Zero goals but also within our ultimate goal of creating sustainable circular economies within our vessel designs, builds and supply chains.
Capital C subscribes to and supports the Sustainable Development Goals (SDGs) that were adopted by all United Nations Member States in 2015 as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030. Capital C, in-line with the 2015 Paris Agreement for climate change, is committed to being a Net Zero company by 2030 for all of our operations.
Capital C believes that to achieve the SDG and Net Zero targets, partnerships within numerous diverse market segments are needed to push the envelope of technology and science to achieve these targets sooner rather than later. To achieve these Net Zero and sustainability goals, we are collaborating and connecting with like-minded partners within the yachting, maritime, technology, aerospace, engineering, security and scientific research communities.
Capital C during the course of its daily business operations contribute directly and adhere to 11 of the 17 SDGs.
Sustainability in Yachting
In-line with our core value; Sustainability in Yachting, and to be Net Zero by 2030 or sooner whilst providing practical, cost-effective, future proofed, sustainable solutions without compromise to the highest standards of safety and integrity that our clientele and stakeholders demand.
Capital C commits to manage all its activities and operations in a responsible and sustainable manner that protects the health and safety of its employees, contractors, local communities, the environment, and its assets. Our QHSE policy not only encompasses our day to day operations but is also inclusive of the vessels we design so that during the course of the vessels life; leaves the smallest possible carbon footprint, but to also ensure that its design is safe for both the people operating her and the environment that she operates in.
To accomplish this, we shall:
Ensure all personnel are aware of their designated responsibilities and are properly trained and competent to undertake these tasks.
Ensure that our vessel designs are inherently safe and incorporate all of the latest safety features to protect life at sea and the environment
Design and manage our activities to prevent pollution, have zero environmental and health impacts and provide a safe working environment.
Risk assess our operations and activities, develop appropriate action plans, implement those action plans, verify actions performed and perform final close out review.
Ensure that our QHSE Management processes and programs are proactive, transparent, verified and communicated in a manner that there is no uncertainty.
YACHT is our commitment to no harm to people, the environment or assets.
Yield to experience.
Aware of your environmental situation.
Compliant to current and future IMO and environmental rules and regulations.
Home safely is your goal.
Think before you act.
IMO Decarbonization Measures: EEXI and CII
The International Maritime Organization (IMO) working group has agreed a set of draft guidelines to support mandatory measures to cut the carbon intensity of all ships. These proposed mandatory measures have been approved by IMO’s Marine Environment Committee (MEPC) and are currently being adopted by MEPC.
The proposed amendments to the MARPOL Convention would require ships to combine a technical and an operational approach to reduce their carbon intensity. This is in line with the ambition of the IMO GHG Strategy, which aims to reduce carbon intensity of international shipping by 40% by 2030 and to be net-zero GHG emission goal by or around 2050, compared to 2008 levels.
These are two new measures; the technical requirement to reduce carbon intensity, based on a new EEXI - Efficiency Existing Ship Index (EEXI); and the operational carbon intensity reduction requirements, based on a new operational Carbon Intensity Indicator (CII). The EEXI is a framework for determining the energy efficiency and CO2 emissions of in-service vessels over 400 GT. The CII provides ship operators with the factor by which they must reduce carbon emissions annually to comply with regulations and ensure continuous improvement.
Carbon Intensity Rating
The draft 2021 Guidelines on the operational Carbon Intensity Rating of ships (CII rating guidelines, G4) sets the method to determine the rating boundaries.
The rating would be given on a scale – operational carbon intensity rating. With the following rating system based on the performance level:
A: Major Superior
B: Minor Superior
D: Minor Inferior
The Ship Energy Efficiency Management Plan (SEEMP) will monitor performance levels. The SEEMP is a mandatory, ship-specific document that lays out the plan to improve a vessel’s energy efficiency in a cost-effective manner.
Under draft MARPOL amendments, a ship rated D for three consecutive years, or E, would have to submit a corrective action plan, to show how the required index; C or above; would be achieved.
Administrations, port authorities and other stakeholders as appropriate will be encouraged to provide incentives to ships rated as A or B.
Although the EEXI is primarily for existing vessels operating in commercial circumstances, the CII is more focused on new generation vessels and will at some stage certainly become a factor within the superyacht sector.
As part of Capital C’s commitment to sustainability, reduced carbon emissions and to be at the forefront of designing and building Net Zero vessels by 2030 or sooner all of our vessel designs that we are working on incorporate the same advanced technology.
Based on the preliminary calculations that have been independently conducted for our Project 32 and Project Centum Superyachts, an IMO CII B rating will initially be attained. An IMO CII A rating would be achievable within 5 years given our future proof design and the pace of technological advancements in Net Zero equipment and systems.