Naples, 4 August, 2025 – Next Geosolutions, a leading international group in the field of marine geosciences and offshore construction support services, mainly in the energy sector, with a focus on renewable energies (‘NextGeo’ or the ‘Company’), announces the publication of its 2024 Sustainability Report, prepared on a voluntary basis. The main objective of the Report is to transparently account for the company’s Sustainability performance and the initiatives implemented to achieve it. The publication of this report underscores the company’s strong belief that maintaining high-quality relationships with all stakeholders and engaging them through transparent and multidirectional communication is fundamental to the company’s sustainability.
Giovanni Ranieri, CEO of NextGeo, stated: “The results achieved in 2024 represent a solid foundation for projecting our Group towards even more ambitious goals. The decision to voluntarily publish the Sustainability Report reflects our concrete commitment to transparency and the adoption of international standards, in a path of progressive alignment with CSRD requirements. This document is a fundamental element of our ESG strategy, which develops through energy transition projects, with a focus on the expansion of renewable energies and the reduction of carbon emissions internationally. We look to the future with confidence, supported by a growth pipeline, strategic investments, and a clear vision: to be a point of reference for sustainability and innovation in the marine and offshore sector. We will continue to invest in cutting-edge technologies, the development of internal skills, and local collaborations, with the aim of creating lasting value for our customers, stakeholders, and the communities in which we operate.”
Giuseppe Maffia, CFO of NextGeo, added: “2024 represented a year of significant economic and financial consolidation for our Group, with a turnover growth that reached 200 million euros. This result is the fruit of careful resource management and targeted investments, made possible also thanks to the success of our IPO. The listing has allowed us to strengthen our financial solidity and expand our access to capital, fundamental elements to support an ambitious development plan, which includes the strengthening of the fleet and the integration of the value chain with new strategic services. In this context, the voluntary publication of our Sustainability Report is a natural and necessary step. The increasing attention of investors towards sustainability requires a transparent and structured approach that integrates financial performance and ESG responsibility. Sustainability is not just an objective, but an essential driver for our competitive positioning and to successfully face the challenges of a constantly evolving market.”
The 2024 Sustainability Report has been prepared in accordance with the GRI Standard 2021, which reflects the organization’s significant economic, environmental, and social impact.
Key Focus Areas of the Report:
Governance
NextGeo places a structured and responsible governance model at the center of its strategy. The Group’s commitment translates into high standards of integrity, transparency, and regulatory compliance, with a corporate culture rooted in the principles of legality and fairness. Through a well-defined system of policies, procedures, and internal controls, including the Code of Ethics and the Organization, Management and Control Model (Model 231), NextGeo aims to prevent the risk of illegal activities and ensure ethical and responsible management of its operations, as evidenced by an in-depth analysis of impacts, risks, and opportunities related to corporate culture and a continuous monitoring system for suppliers.
People at the Center of the Business Strategy
NextGeo believes that the valorization of human resources is crucial for its growth, and to this end, it promotes a safe, inclusive, and stimulating work environment based on respect for fundamental rights and equal opportunities. The Group recognizes the value of diversity and is committed to developing the potential of each employee through professional growth paths and continuous training. With a particular focus on health and safety, NextGeo adopts rigorous operating standards, as evidenced by ISO 9001 and Safety Culture Ladder certifications, ensuring high levels of quality and social responsibility in all its activities, from personnel management to the execution of projects in the renewable energy, infrastructure, and utilities sectors. The constant commitment to training, monitoring, and analysis of the impacts on the workforce, combined with dedicated engagement processes and communication channels, confirms the centrality of human capital for the Group’s sustainable development. Furthermore, NextGeo has issued its Human Rights Policy, adopting the principles contained in the Universal Declaration of Human Rights and the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.
Safety and Health, Fundamental Priorities
Given the delicate and unique nature of the technical activities carried out, NextGeo considers safety a top priority. To ensure the effectiveness of the adopted policies, the Group has implemented monitoring and verification systems to periodically assess compliance with regulations and the application of the planned measures. In the event of violations, resolution mechanisms are activated to guarantee the protection of workers’ rights. The company has adopted an Occupational Health and Safety Policy in compliance with the principles of ISO 45001, applying an approach based on the Deming Cycle (PDCA) for the continuous improvement of safety conditions. Offshore operations, by their nature, present a high level of risk exposure for workers, particularly for maritime personnel. To mitigate these risks, NextGeo has therefore decided to implement rigorous training, surveillance, and prevention protocols, ensuring compliance with best industry practices and international regulations. Specifically, the QHSE department is responsible for monitoring any incidents.
Environmental Sustainability: Actions and Monitoring
NextGeo places environmental protection at the center of its operational strategy, pursuing a balance between economic development and safeguarding the planet, respecting future generations. The Group is committed to the continuous improvement of the environmental sustainability of its activities, adopting preventive measures and sectoral best practices to mitigate risks to the environment and communities. Particular attention is paid to the responsible management of water resources in the maritime environment, the treatment of wastewater, and the reduction of sulfur emissions. NextGeo adopts a proactive approach to biodiversity protection and integrated waste management, promoting circularity and favoring Green Procurement practices. The Group’s commitment is embodied in a Sustainability Policy with ambitious targets for reducing emissions and achieving climate neutrality by 2050, through the optimization of operations, the adoption of advanced technologies, and the in-depth analysis of the impacts, risks, and opportunities related to climate change and pollution. Furthermore, NextGeo constantly monitors the pollutants generated by its operations, with particular reference to greenhouse gas (GHG) emissions, reported in accordance with ESRS E1, as well as nitrogen oxides (NOx) and sulfur oxides (SOx) closely related to fuel consumption. In line with the growth of the fleet and the company structure, the Group collects monthly data on vessel consumption and, since 2024, also monitors emissions from staff travel and energy consumption of offices, calculating CO₂ equivalent emissions based on actual consumption and energy supplier data. During the reporting period, the effectiveness of the environmental management system was confirmed by the absence of incidents with significant negative environmental impacts or adverse financial effects related to pollution.
