Norwegian Cruise Line Holdings has published its 2022 Environmental, Social and Governance (“ESG”) Report and Sustainability Accounting Standards Board (“SASB”) index as part of the company’s global sustainability program, Sail & Sustain.
The report highlights NCLH's progress in terms of ESG strategies and objectives, including its efforts in the five pillars of Sail & Sustain: Reducing Environmental Impact, Sailing Safely, Building Communities, Motivating Staff, and Operating with Integrity and Responsibility.
“We recognize the need for companies to take action to help address global challenges, including climate change and sustainability, and at Norwegian Cruise Line Holdings we are committed to doing our part by operating in a socially responsible and environmentally friendly manner, and driving a positive impact on society,” said Harry Sommer, President and Chief Executive Officer-elect of Norwegian Cruise Line Holdings Ltd
“Over the past year, we continued to make great progress with new goals and initiatives across all our Sail & Sustain areas,” says Jessica John, Vice President of ESG, Investor Relations, and Corporate Communications at Norwegian Cruise Line Holdings Ltd
Among the ESG initiatives included in the report, the following stand out:
1. Reducing environmental impact
● Climate action strategy and targets to reduce greenhouse gas (“GHG”) emissions:
● New methanol-ready cruise ships
● Water management
● Biodiesel fuel trials
● Onshore power investment: NCLH currently has 12 cruise ships equipped with onshore power capability and expects approximately 60% of its fleet to have onshore power by the end of 2023 and approximately 70% by the end of 2025.
2. Sailing Safely
● Public health program to protect guests, crew, and the communities we visit.
● Ongoing public health training and education.
● Safety and security efforts.
3. Personal Motivation
● Improved employee benefits demonstrate commitment to team members.
● Fostering an inclusive workforce where diverse backgrounds are represented and empowered.
● Training and development opportunities for all employees.
4. Strengthening Communities
● Ongoing corporate efforts for philanthropic contributions.
● Celebrating the connection between travel and education.
● Reducing emissions and supporting communities through carbon offsets.
5. Operating with integrity and responsibility
● Linking ESG metrics to compensation.
● Fostering a culture of ethical conduct.
● Committed to maintaining a strong board with diverse experiences and backgrounds.
