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IYC Signs The Monaco Capital Of Advanced Yachting Commitment Charter

IYC Signs The Monaco Capital Of Advanced Yachting Commitment Charter

16th February 2024

IYC was proud to sign the Monaco Capital Of Advanced Yachting Commitment Charter, joining a group of signatories committed to strengthening Monaco's appeal faced with growing international competition, encouraging people to enter the industry through training, supporting and promoting Monaco's history of innovation in yachting, exporting its expertise through cutting-edge events, and fostering synergies with Monegasque institutions and yachting professionals to maintain its position as a leader in the industry.

IYC CEO, Raphael Sauleau, sat with Yacht Club de Monaco General Secretary, Bernard D'Alessandri this February to sign the Charter and commit to showcasing to the global community the myriad initiatives and measures Monaco is implementing to pioneer innovative and sustainable practices in the yachting industry.

Monaco without a doubt stands as the epitome of maritime excellence and luxury. Renowned as the capital of yachting, its prime location and reputation as a premier tourist destination offer unparalleled advantages. Over the past century, Monaco has cemented its status as a coveted port of call and a center of maritime expertise. Its bustling harbor is a testament to the myriad services available year-round, boasting a diverse array of professionals from brokers and shipping agents to legal experts, banks, insurance providers, naval architects, and designers. Today, Monaco continues to lead the way in pioneering initiatives and sustainable practices, setting the standard for excellence in the global yachting community.

By endorsing this landmark charter, IYC commits to upholding the tangible goals of sustainable development outlined by the UN, pledging to uphold and enforce:

  • The ten UN principles governing human rights, labor, environmental protection, and anti-corruption measures.
  • Adherence to environmental regulations and laws.
  • Ensuring the preservation of fundamental human rights as outlined in the Universal Declaration of Human Rights.
  • Rejecting all forms of discrimination, including those based on gender, disability, family status, sexual orientation, age, political or philosophical beliefs, religious affiliations, trade union involvement, social or cultural backgrounds, or national origins.

Project Manager, Monaco Capital of Advanced Yachting, Claudia Batthyany explains, "Ten years ago, under the leadership of the Yacht Club of Monaco, and of course, under the observation that Monaco was offering many assets and added value, our destination was named as Monaco, capital of yachting. It is a global collective brand with actors in the industry who want to promote our destination internationally and push more responsible yachting. Today, we count 80 members who have signed an engagement charter and personalize this brand when they are abroad to hope to be of inspiration and to work together for a better yachting of tomorrow."

To find out more about the initiatives in place, click here

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