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24 April, 2023

Royal Caribbean Group tackles climate change in new Seastainability Report

By James Harrison

Royal Caribbean Group released its 15^th annual Seastainability Report, providing an update on the company’s corporate responsibility strategy and performance across its three brands – Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

2022 marked a watershed moment in the company’s advancement of environmental, social and governance (ESG) efforts. Defining events include the 30th anniversary of the company’s first environmental program, Save the Waves, and the publication of the first task force on Climate-Related Financial Disclosures (TCFD) report, published with the 2022 Seastainability Report.

“As we advance on our sustainability journey, our strategic priorities remain rooted in creating business value and uplifting our employees, guests and the communities we visit,” said Jason Liberty, president and CEO, Royal Caribbean Group.

“Through collaboration and innovation, we continue to make great strides on our commitment of delivering great vacation experiences responsibly.”

The targets and strategies laid out in the annual report highlight Royal Caribbean Group’s progress to reduce emissions, promote the safety and wellbeing of its guests and employees, including its commitments to sustainable tourism, protecting the oceans it sails and inspiring and empowering the communities it visits.

Highlights from the report include:

Setting a short-term target to reduce carbon intensity by double digits by 2025, compared to 2019.
Signing a partnership agreement with Mærsk McKinney Møller Center for zero carbon shipping to develop zero carbon technologies and solutions for the maritime industry.
Completing the first renewable diesel pilot in the U.S. on Royal Caribbean Group’s Navigator of the Seas.
Introducing the world’s first net-zero cruise terminal in Galveston, Texas, extending the company’s efforts and strategies from its ships to its shoreside operations
Creating a new executive diversity council to prioritise DEI (Diversity, Equity and Inclusion) initiatives and create accountability, empowering and inspiring employees.
Confirming U.S. shoreside gender pay equity analysis shows that 99.98 per cent of women are equally compensated compared to male employees at Royal Caribbean Group.
Launching the Royal Caribbean Kickstarter Program supporting tourism-related entrepreneurs in The Bahamas with trainings and seed-funding to empower the communities the company visits.
Growing the number of sustainable tours certified by the Global Sustainable Tourism Council (GSTC).
Increasing its sustainable seafood sourcing – 83 per cent Marine Stewardship Council (MSC) and 75 per cent Aquaculture Stewardship Council (ASC) certified.
Renewing its partnership with World Wildlife Fund (WWF) and committing an additional $5 million to preserve ocean health.

The report references the guidelines of the Global Reporting Initiative (GRI) and is aligned with the Sustainability Accounting Standards Board (SASB) standards for Cruise Lines.

To find the full report, click here.

Featured Image: Ovation Of The Seas in Sydney Harbour (Royal Caribbean)

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2022 Seastainability Report Jason Liberty Royal Caribbean Group