Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”), a
leading global cruise company which operates Norwegian Cruise Line,
Oceania Cruises and Regent Seven Seas Cruises, today launched its
revamped climate action strategy along with short- and near-term
greenhouse gas (“GHG”) targets to support the Company’s ambitious
pursuit of net zero by 2050. These actions underscore the Company’s
robust commitment to decarbonization as part of its global
sustainability program, Sail & Sustain.
Key components of the Company’s new interim GHG
reduction targets include:
- Reduce GHG
intensity by 10% by 2026 and 25% by 2030, compared to a 2019
baseline with intensity measured on a per Capacity Day1 basis.
- The targets
cover the Company’s emissions from its fleet of ships, islands and
facilities (Scopes 1 & 2) as well as upstream fuel- and
energy-related activities, including well-to-tank emissions
(portion of Scope 3). As such, the targets will capture the full
well-to-wake emissions impact of the Company’s fuel
consumption.
- Interim targets
provide a roadmap to support the Company’s existing net zero by
2050 ambition. The scope of this commitment expands to the
Company’s entire greenhouse gas footprint, including its vast
network of suppliers and partners across its value chain.
“We are proud to further refine and strengthen
our climate action strategy and commitments including by setting
milestone GHG intensity reduction targets which will guide us on
our ambitious pursuit of net zero by 2050,” said Harry Sommer,
president and chief executive officer-elect of Norwegian Cruise
Line Holdings Ltd. “Every aspect of our business from shoreside to
shipboard is responsible for doing their part to design, deliver
and demonstrate results for decarbonization and our Board of
Directors has reinforced this expectation by establishing shared
accountability and tying incentives for our entire management team
to this critical effort. We also recently took an important step
forward on our pursuit of net zero by announcing the modification
of two of our future Prima Class newbuilds to accommodate the use
of green methanol in the future.”
Sommer continued, “We are also activating and
mobilizing our full network of team members, ports and
destinations, suppliers and partners, and guests to act now and
join us on this transformative journey, further amplifying the
efforts we could achieve on our own.”
The Company’s revamped climate action strategy
is centered around three pillars: Efficiency, Innovation and
Collaboration.
Efficiency
The Company is focused on optimizing efficiency
for its existing fleet which can have an immediate impact to
onboard power consumption and GHG emissions as well as generate
fuel savings. This includes both ongoing investments in systems and
technologies, such as HVAC system upgrades and waste heat recovery
systems, as well as operational enhancements, such as smart
itinerary and voyage planning and optimization of hotel operations.
Operational changes require data, education and accountability,
therefore the Company is also building and investing in internal
systems and processes to enable its team members, and even guests,
to operate its ships with optimal efficiency.
Innovation
The Company is innovating for long-term
solutions and technologies, including those that support the
ability to operate on green fuels. Since 2022, the Company has
successfully completed tests of biofuel blends on multiple ships,
in which a blend of approximately 30% biofuel and 70% marine gas
oil has been used. The Company believes biodiesel is a viable
transition fuel that can support the decarbonization journey as
long-term solutions are tested and scaled. Longer-term, the Company
views green methanol as a promising solution and recently announced
the modification of the final two Prima Class ships, expected to be
delivered in 2027 and 2028, to accommodate the use of green
methanol as an alternative fuel source in the future. While
additional modifications will be needed in the future to fully
enable the use of methanol in addition to traditional marine fuel
on these ships, this reinforces the Company’s commitment to
decarbonization. The use of green methanol would result in a
drastic reduction in emissions, including an up to 95% reduction in
CO2, and its properties enable the continued use of conventional
fuel storage and bunkering with fewer modifications compared to
other emerging fuels in the market at this time. However, the
production of green methanol is still in the early stages and will
require continued investments to sufficiently scale for
distribution and consumption globally.
Collaboration
The pathway to net zero will be complex and will
require significant collaboration across the Company’s network of
stakeholders including suppliers, communities, governments and NGOs
to collectively partner and find solutions to combat climate
change. The Company is continuously exploring partnerships to
champion efforts surrounding the development of green fuels along
with the global infrastructure to produce, store and distribute
these fuels. The Company also views cross-sector collaboration as a
catalyst for effective and accelerated change and is an active
member in industry associations, such as the Methanol Institute,
and regional forums. For example, the Company is a first mover
partner of the Pacific Northwest to Alaska Green Corridor, a
collaborative effort between ports, governments and cruise
operators in the region, to explore a maritime green corridor aimed
at accelerating the deployment of zero GHG emission ships and
operations between Alaska, British Columbia, and Washington. In
addition, the Company continues to actively partner with key ports
to accelerate the use of shore power technology which allows cruise
ships to connect to onshore electrical power grids to supply much
of the power needed while docked. While the land-based
infrastructure expansion is underway, the Company is also equipping
its ships with the technology needed to plug-in, targeting to have
approximately 70% of its fleet equipped by 2025.
“We are encouraged to see the significant
progress and momentum across sectors to decarbonize, but
fundamental challenges continue to exist for the cruise industry to
fully decarbonize by 2050,” said Jessica John, vice president of
ESG, Investor Relations and Corporate Communications of Norwegian
Cruise Line Holdings Ltd. “Rather than waiting for these challenges
to dissolve, our strategy is about acting now to implement
solutions for efficiency today, innovate for future solutions and
collaborate with our stakeholders along the way. Underpinning this
strategy is good governance and effective risk management as we
work to advance our climate action efforts and build our Company’s
resilience.”
To learn more, watch a video highlighting the
Company’s climate action strategy and targets here and visit our
website here for more information.
About Norwegian Cruise Line Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 29 ships with over 60,000 berths, these
brands offer itineraries to approximately 500 destinations
worldwide. The Company has eight additional ships scheduled for
delivery through 2028, comprising over 20,000 berths.
About Sail & Sustain
Sail & Sustain is Norwegian Cruise Line Holdings’ global
sustainability program centered around its commitment to drive a
positive impact on society and the environment while delivering on
its vision to be the vacation of choice for everyone around the
world. This program is structured around five pillars developed
through cross-functional collaboration with key internal and
external stakeholders. The pillars include: Reducing Environmental
Impact, Sailing Safely, Empowering People, Strengthening our
Communities and Operating with Integrity and Accountability.
Cautionary Statement Concerning
Forward-Looking Statements
Some of the statements, goals and targets contained in this
release are “forward-looking statements” within the meaning of the
U.S. federal securities laws intended to qualify for the safe
harbor from liability established by the Private Securities
Litigation Reform Act of 1995. All statements other than statements
of historical facts contained, or incorporated by reference, in
this release, including, without limitation, those regarding our
business strategy, financial position, results of operations,
plans, prospects, objectives of management for future operations
(including those regarding expected fleet additions and plans,
goals or targets for our sustainability program and decarbonization
efforts) are forward-looking statements. Many, but not all, of
these statements can be found by looking for words like “expect,”
“anticipate,” “goal,” “project,” “plan,” “believe,” “seek,” “will,”
“may,” “target,” “estimate,” “intend,” “future” and similar words.
Forward-looking statements do not guarantee future performance and
may involve risks, uncertainties and other factors which could
cause our actual results, performance or achievements to differ
materially from the future results, performance or achievements
expressed or implied in those forward-looking statements. Examples
of these risks, uncertainties and other factors include, but are
not limited to the impact of: adverse general economic factors,
such as fluctuating or increasing levels of interest rates,
inflation, unemployment, underemployment and the volatility of fuel
prices, declines in the securities and real estate markets, and
perceptions of these conditions that decrease the level of
disposable income of consumers or consumer confidence; the spread
of epidemics, pandemics and viral outbreaks, including the COVID-19
pandemic, and their effect on the ability or desire of people to
travel (including on cruises), which is expected to continue to
adversely impact our results, operations, outlook, plans, goals,
growth, reputation, cash flows, liquidity, demand for voyages and
share price; implementing precautions in coordination with
regulators and global public health authorities to protect the
health, safety and security of guests, crew and the communities we
visit and to comply with regulatory restrictions related to the
pandemic; our indebtedness and restrictions in the agreements
governing our indebtedness that require us to maintain minimum
levels of liquidity and be in compliance with maintenance covenants
and otherwise limit our flexibility in operating our business,
including the significant portion of assets that are collateral
under these agreements; our ability to work with lenders and others
or otherwise pursue options to defer, renegotiate, refinance or
restructure our existing debt profile, near-term debt amortization,
newbuild related payments and other obligations and to work with
credit card processors to satisfy current or potential future
demands for collateral on cash advanced from customers relating to
future cruises; our need for additional financing or financing to
optimize our balance sheet, which may not be available on favorable
terms, or at all, and our outstanding exchangeable notes and any
future financing which may be dilutive to existing shareholders;
the unavailability of ports of call; future increases in the price
of, or major changes, disruptions or reduction in, commercial
airline services; changes involving the tax and environmental
regulatory regimes in which we operate, including new regulations
aimed at reducing greenhouse gas emissions; the accuracy of any
appraisals of our assets as a result of the impact of the COVID-19
pandemic or otherwise; our success in controlling operating
expenses and capital expenditures; trends in, or changes to, future
bookings and our ability to take future reservations and receive
deposits related thereto; adverse events impacting the security of
travel, or customer perceptions of the security of travel, such as
terrorist acts, armed conflict, such as Russia’s invasion of
Ukraine, and threats thereof, acts of piracy, and other
international events; adverse incidents involving cruise ships;
breaches in data security or other disturbances to our information
technology and other networks or our actual or perceived failure to
comply with requirements regarding data privacy and protection;
changes in fuel prices and the type of fuel we are permitted to use
and/or other cruise operating costs; mechanical malfunctions and
repairs, delays in our shipbuilding program, maintenance and
refurbishments and the consolidation of qualified shipyard
facilities; the risks and increased costs associated with operating
internationally; our inability to recruit or retain qualified
personnel or the loss of key personnel or employee relations
issues; our inability to obtain adequate insurance coverage;
pending or threatened litigation, investigations and enforcement
actions; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees; any
further impairment of our trademarks, trade names or goodwill; our
reliance on third parties to provide hotel management services for
certain ships and certain other services; fluctuations in foreign
currency exchange rates; our expansion into new markets and
investments in new markets and land-based destination projects;
overcapacity in key markets or globally; and other factors set
forth under “Risk Factors” in our most recently filed Annual Report
on Form 10-K and subsequent filings with the Securities and
Exchange Commission. It is not possible to predict or identify all
such risks. There may be additional risks that we consider
immaterial or which are unknown. The above examples are not
exhaustive and new risks emerge from time to time. Such
forward-looking statements are based on our current beliefs,
assumptions, expectations, estimates and projections regarding our
present and future business strategies and the environment in which
we expect to operate in the future. These forward-looking
statements speak only as of the date made. We expressly disclaim
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement to reflect any change in
our expectations with regard thereto or any change of events,
conditions or circumstances on which any such statement was based,
except as required by law.
Investor Relations &
Media Contact |
Jessica John(305)
468-2339InvestorRelations@nclcorp.comNCLHmedia@nclcorp.com |
|
________________________1 Capacity Days is defined as Berths
available for sale multiplied by the number of cruise days for the
period for ships in service.
Norwegian Cruise Line (NYSE:NCLH)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Norwegian Cruise Line (NYSE:NCLH)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024