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 Net 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’s is determined is to be at the forefront of green credential Net 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.”
About Capital C Design and Technology Ltd (‘Capital C’)
Capital C is a design and technology company specialising in designing Superyachts and Passenger Expedition Yachts that are at the forefront of sustainability and compliant to IMO 2050 TODAY. We incorporate advanced technology, robotics, safety systems and autonomous systems within our designs and we are at the forefront of future proof, environmentally friendly and greatly reduced emissions capabilities.
Capital C’s vision, goal and determination is to be at the forefront of green credential Net Carbon Positive yacht designs and builds within the Superyacht and Passenger Expedition Yacht industry and to bring sustainability to the forefront within these maritime sectors. Sustainable Yachting, the carbon footprint, environmental and social impact of our operations and the yachts we design, build and subsequently sail within the blue economy is of paramount importance to Capital C as an organisation.
Our commitment to sustainability not only lies within our company’s Net Zero goals but also within our ultimate goal of creating sustainable circular economies within our yacht designs, builds and supply chains.
About Lloyd's Register (LR)
Lloyd’s Register (LR) is a global professional services organisation specialising in engineering and technology solutions. Our experts advise and support clients to improve the safety and performance of complex projects, supply chains and critical infrastructure. LR was created more than 260 years ago as the world’s first marine classification society to improve the safety of ships. Today we operate globally providing compliance, assurance and performance solutions to help keep the world moving safely, efficiently and sustainably.
Our Maritime business is a leading provider of classification, compliance and advisory services to the marine and offshore industries, helping clients design, construct and operate their assets to the highest levels of safety and performance. Our portfolio of risk and advisory, commercial efficiency, vessel performance and voyage optimisation services unlock and drive growth for our clients. Our forward-looking maritime digital solutions include Cloud Fleet Manager and i4 Insight.
Lloyd’s Register is wholly owned by the Lloyd’s Register Foundation, an independent global charity that supports research, innovation, and education to make the world a safer place, by focussing on the most pressing global safety challenges, establishing the best evidence and insight to better understand the complex factors that affect safety, and by building partnerships for change.
Together we stand by our purpose that drives us every single day; working together for a safer world.