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Royal Caribbean's 2021 sustainability report reflects revamped ESG framework

'This report reflects our commitment to continuous innovation and building a sustainable cruise industry while growing our business for good,' CEO Jason Liberty said
Royal Caribbean Group's newly released 2021 sustainability report provides an update on the company's revamped environmental, social and governance framework and activities across its three owned brands.

The revamped framework focuses on five ways to deliver great vacations 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,' CEO Jason Liberty said. 'This report reflects our commitment to continuous innovation and building a sustainable cruise industry while growing our business for good.'

The company hired a chief ESG officer in 2021 and the CEO launched a cross-functional ESG steering committee composed of senior management to align the development and execution of its strategy, goals and reporting.

Follows WWF recommitment

The 2021 report's release follows the recent announcement that Royal Caribbean Group committed to another five-year partnership with World Wildlife Fund. WWF will help the company continue to establish sustainable business practices in areas including emissions, sustainable tourism and more.

The report highlights efforts to decarbonize, especially through the company's Destination Net Zero strategy, which aims to establish science-based targets and achieve net zero emissions by 2050.

Aspires to net zero emissions ship by 2035

The company still aspires to have a net zero emissions ship by 2035.

Developments include introducing a fuel-cell hybrid design that allows for zero emissions in port and 'future-proofing' the company's newbuild portfolio through fuel flexibility and innovation that ensure each new ship class is 20% more energy efficient than its predecessor.

Converting waste to energy

Further actions are developing waste management technologies that can convert waste to energy. Currently 100% of the fleet is equipped to be landfill-free.

In addition, Royal Caribbean Group aims for its ships to be shore power ready so they can connect to local power grids when shore power is made available.

The report is available here.

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