Country for PR: United States
Contributor: PR Newswire New York
Saturday, May 14 2022 - 03:23
AsiaNet
Royal Caribbean Group Unveils 2021 Seastainability Report
MIAMI, May 14, 2022 /PRNewswire-AsiaNet/ --

- Report revamps Environmental, Social and Governance (ESG) Framework, 
highlights efforts to reduce emissions on ship and at port

Today Royal Caribbean Group (NYSE: RCL) released its 14th annual sustainability 
report, providing a comprehensive update on the company's Environmental, Social 
and Governance (ESG) framework and activities across its three wholly owned 
brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

Logo - https://mma.prnewswire.com/media/1213007/RCG_Logo.jpg 

New for 2021, Royal Caribbean Group revamped its ESG framework to better 
reflect the company's contributions to a more sustainable cruise industry. The 
ESG framework focuses on five distinct ways to deliver great vacation 
experiences responsibly: Champion communities and the environment; provide 
unforgettable cruise experiences; foster human rights and be an employer of 
choice; advance net zero innovation; and govern responsibly.

"All of us at Royal Caribbean Group are focused on delivering the best 
vacations possible and doing so responsibly," said Jason Liberty, CEO, Royal 
Caribbean Group. "This report reflects our commitment to continuous innovation 
and building a sustainable cruise industry while growing our business for good."

The release of the 2021 Seastainability Report follows the recent announcement 
that Royal Caribbean Group has committed to another five-year partnership with 
World Wildlife Fund (WWF). A flagship partner, WWF will help the company 
continue to establish sustainable business practices in areas including 
emissions, sustainable tourism and more.

This year's ESG report highlights the company's unrelenting efforts to 
decarbonization, especially through the company's Destination Net Zero 
strategy, which aims to establish Science-Based Targets (SBT) and achieve net 
zero emissions by 2050.

Destination Net Zero, along with other ESG initiatives, will ensure Royal 
Caribbean Group develops ambitious and measurable goals for continued carbon 
emissions reduction, sustainable business development and growth, sustainable 
tourism, and waste management. Destination Net Zero encapsulates Royal 
Caribbean Group's focus on serving as a catalyst for innovation in the 
industry, with developments that include:

    -- Introducing a fuel-cell hybrid design that allows for zero emission
       in port.
    -- Future-proofing the company's ship-building portfolio through fuel
       flexibility and innovation that ensure each new ship class is 20% more
       energy efficient than its predecessor.
    -- Developing waste management technologies that can convert waste to 
       energy. Currently 100% of the fleet is equipped to be landfill-free.
    -- Being ready, through shore power, to connect to local power grids as
       soon as it becomes available.

This year's report was shaped by RCG's 2021 materiality assessment and 
references the Global Reporting Initiative's (GRI) 2020 core reporting 
standards. The report is also aligned, to the extent possible, with the 
Sustainable Accounting Standards Board (SASB) standards.

To view Royal Caribbean Group's 2021 sustainability report and learn more about 
the company's efforts, visit: www.royalcaribbeangroup.com/sustainability.

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the 
world with a global fleet of 63 ships traveling to approximately 1,000 
destinations around the world. Royal Caribbean Group is the owner and operator 
of three award winning cruise brands: Royal Caribbean International, Celebrity 
Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture 
that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an 
additional 11 ships on order as of March 31, 2022. Learn more at 
www.royalcaribbeangroup.com or www.rclinvestor.com.

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements 
under the Private Securities Litigation Reform Act of 1995. These statements 
relate to, among other things, the company's expectations, estimates, forecasts 
and projections regarding environmental, social and governance (ESG) 
initiatives and the company's ability to achieve its ESG goals. Forward-looking 
statements reflect management's current expectations and are subject to risks, 
uncertainties and other factors that 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. Factors that could affect our results include, among others, those 
discussed under the caption "Risk Factors" in our most recent quarterly report 
on Form 10-Q, as well as our other filings with the SEC, copies of which may be 
obtained by visiting our Investor Relations website at www.rclinvestor.com or 
the SEC's website at www.sec.gov. Undue reliance should not be placed on the 
forward-looking statements in this release, which are based on information 
available to us on the date hereof. We undertake no obligation to publicly 
update or revise any forward-looking statements, whether as a result of new 
information, future events or otherwise. 

SOURCE  Royal Caribbean Group

CONTACT: Janet Diaz, Royal Caribbean Group, corporatecommunications@rccl.com