(May 13th 2022) Today Royal Caribbean Group released its 14th annual sustainability report, providing an 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.
New for 2021, Royal Caribbean Group revamped its ESG framework to better reflect the company's contributions to a more sustainable cruise industry., according to a press release.
"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:
Jim Hepple is an Assistant Professor at the University of Aruba and is Managing Director of Tourism Analytics.