MAST's Ethics Statement

This statement guides MAST in making decisions regarding, and managing risks concerning, donations, partnerships and collaborations. It aims to ensure that decisions are made consistently and in the best interests of the charity.

MAST is committed to enhancing the understanding of our rich maritime heritage, to protecting our underwater heritage sites through archaeology, research and study, and is active in heritage policy, education and public outreach. It is involved in the discovery, recording and recoveryof maritime heritage, the conservation of retrieved artefacts, and monitoring, surveying and reporting in order to protect underwater cultural heritage. It acknowledges that underwater cultural heritage sites may represent grave sites. It respects the natural environment in which the underwater cultural heritage may be located.

MAST is committed to carrying out its activities within an ethical framework. That includes having an objective standard to ensure potential support offered to MAST accords with its objectives. Donations, partnerships and collaborations will be refused when it would be unlawful to accept such support or accepting them will be detrimental to the achievement of MAST's objectives.

The types of specific behaviours and activities engaged in by a potential donor, partner or collaborator that would be directly contrary to MAST's objectives and would cause concern, include:

Breaching environmental and marine licencing legislation;
Conduct of deep-sea mining;
Commercial exploitation of cultural heritage;
Commission of wildlife offences;
Direct extraction of fossil fuels;
Gambling;
Negatively impacting upon biodiversity;
Pornography;
Persistent pollution;
Predatory lending;
Sale of armaments; and
Sale or promotion of addictive opiates.

Responsible investment

MAST invests in Cazenove’s Charity Responsible Multi Asset Fund. The Fund is designed for charities who want to align their investments with their charitable mission and invest for a better future. The intention is for the Fund to have a positive impact on people and the planet by avoiding harm through environmental, social and governance factors (ESG), encouraging integration, benefiting stakeholders through responsible business activities and contributing to sustainable solutions through influence and investing for impact.

Partnerships and Collaboration

MAST wishes to be aligned with companies who promote environmental, social and governance activities as best practice. We encourage partners who are signatories to UN Global Compact or who apply the same aims and objectives.

The content below enables an assessment of the suitability of a prospective partner and collaborator to be made, from a sustainability and ESG perspective:

Sustainability Reporting Framework and Hierarchy

Corporate and Social Responsibility (CSR)

Strategic Client Organisational Programme and Reporting

Example: Organisation Annual Sustainability Report, Committed and Published Targets, Goals and Objectives aligend to Global Standards and Voluntary Programmes

Environment, Social, Governance (ESG)

Frameworks for consistent structuring, contextualising and framing of CSR objectives and reporting principles.

Example: Reporting Frameworks - Science Based Targets initiative (SBTi), Carbon disclosure Project (CDP), Climate Disclosures Standards Board (CDSB), Sustainability Accounting Standards Board (SASB), World Economic Forum-Stakeholder Capitalism Metrics (WEF-SCM), UN Guiding Principles (UNGP) on Business and Human Rights. ITIL Sustainability Module.

Sustainability Goals and Principles

Criteria for defining, scoping sustainability goals and principles in support of Corporate ESG and CSR prgrammes and for reporting

Example: UN Sustainable Development Goals, UN Global Compact, UN Framework Convention on Climate Change, IIRC Capitals Integrated Reporting Framework, ITIL Guiding Principles, ITIL 4 Triple Bottom Line (TBL)

Methodologies

These enable a standard and consistent means of information gathering, benchmarking and inprovement.

Example: World Resources Institute (WRI) Green House Gas (GHG) Protocol Methodology, Materiality Models, Matrices and Assessments. Levels of context. ITIL Continual Improvement Model (CIM),

Circularity Models

Upstream Supply Chain/Responsible Sourcing/Circular Design Models, In-life Operations/Sustainable Consumption & Production/Optimal Use Models, Downstream End-of-use/Ethical Waste Management/Value Recovery Models

Example: Ellen MacArthur Circular Model, WEF Circular Model, EU Categorisation System For The Circular Economy, Unido model, Unep model, WEF Waste Hierarchy Model. ITIL 4 Circularity Model.

Analysis and Treatment Plans

Criteria for optimal asset lifecycle and outcomes

Example: SWOT, PESTLE and N2S PRETSEL models, EU Categorisation System For The Circular Economy (9 Rs), N2S 5 Rs (Report-Reuse-Recover-Reclaim-Recycle), Risk Assessment and Reporting, Maturity Assessment Models, ITIL Service Management Model and Service Value System (SVS)

Metrics

Meaningful, measurable and tangible measurement of progress over time

Example: SMART and SMARTER Goals, lifetime CO2e measurement for assets from manufacturing through distribution, in-life use and end-of life-treatment. In-house Scope 1 (direct), Scope 2 (indirect) and Scope 3 (upstream/downstream ecosystem)

Reporting

A set of data that tangibly contribute to CSR and ESG objectives. In-house Scope 1 (direct), Scope 2 (indirect) and Scope 3 (upstream/downstream ecosystem) that input to the CSR strategy and ESG Reporting Framework.

Example: Environmental Impact Reporting, Audited workflow tool outputs, WEEE reporting, GDPR compliance reporting, ITAM reporting, IT Licence Management Reporting, Ecovadis, Support the Goals (UNSustainable Development Goals)