On Tuesday 21st January I was delighted to attend the Superyachts.com Top 100 Forecast of the Largest Superyachts in the world event sponsored by Y.Co
This was an important event for the world class yacht builders, renowned designers, yacht owners and selected press as it signifies the health of the industry and the direction in which it is heading. The Forecast listed seven new entrants to the Top 100 to be launched in 2014, the largest being Victory, an impressive 140m motor yacht and my personal favorite the Y710 a 88.50m motor yacht, from Oceanco in the Netherlands.
The event offered an excellent networking opportunity and the chance to discuss the financial and economic benefits that the Superyacht industry brings.
A thought provoking presentation on marine conservation was delivered by Blue Marine Foundation. It emphasised the serious threat that the oceans are under from irresponsible human activity and I was moved to hear 85% of global fish stocks are depleted, fully exploited, over-exploited or in recovery from exploitation. This is a problem because 1 billion people rely on fish and seafood as their main source of protein and 200 million people depend on fishing for their livelihoods. It was very pleasing to hear industry luminaires recognizing the issue and the likes of Y.Co getting behind the Blue Marine Foundation.
So many organizations portray Corporate Social Responsibility (CSR) agendas, but in reality put little emphasis or resources into them. Not so with Y.Co. With this in mind it got me thinking about Boston’s contribution to the communities in which we operate.
Boston, via its Charitable Foundation is a strategic partner of Junior Achievement (JA) in the Isle of Man and sponsors its flagship event “The Company Program”. I’m even more proud, however, of the time that our people give to JA and many other worthy causes both locally and further afield. Whether the cause is the recovery of the oceans, or developing the aspiration and skills of our young people, a new breed of business is demonstrating that CSR policies add so much to the essence of their firms, to the extent that over time real CSR activities will be central to winning clients, engaging staff and creating sustainable success for all their stakeholders over the long term.