Sustainability in yacht financing
The topic of sustainability is currently at the forefront of most conversations that are taking place within the shipping industry. This is particularly the case within the commercial shipping industry, where financiers and corporate shipowners are facing increased investor scrutiny regarding their commitment to implementing sustainable initiatives.
In contrast, save for notable exceptions, there does not yet seem to be the same level of investor scrutiny present within the yachting industry. However, the industry as a whole needs to be aware of the implications that may derive from the yachting industry not being considered sustainable and be ready to invest more on this subject to flourish and attract new clients. Quite interestingly, change is being driven primarily by lenders and financiers, with new generations of yacht owners also raising the issue of sustainability as they want to have a better understanding about the environmental footprint of their yacht.