Norwegian Cruise Line Holdings has set its course for net-zero emissions over the next three decades, after committing to investing heavily in carbon offsets and alternative fuels.
The Frank Del Rio-led owner of 28 ships in 2021 pledged to buy offsets for 3m tonnes of CO2 equivalent.
“The pursuit of net zero will be one of the most defining voyages that our company will take,” chief executive Del Rio said in a statement.
“While we recognise that the pathway will be complex, requiring significant collaboration, innovation and technological advancement, we are committed to doing our part to contribute to the transition to a low-carbon economy.”
It has also published its first Task Force on Climate-related Financial Disclosures Report (TCFD) in an effort to provide transparency on investments in decarbonisation.
Norwegian produced the report by conducting a climate-risk screening and identifying climate-related risks before estimating the impact of sea-level rise and carbon.
“The release of our inaugural TCFD report demonstrates our desire to continually improve and expand upon our ESG disclosures to provide additional transparency to our stakeholders,” said Jessica John, vice president of ESG and investor relations.
“Last summer we published our first comprehensive ESG report and the first Sustainability Accounting Standards Board index in the cruise industry and our new TCFD report represents another significant step forward.”
These initiatives will expand an existing climate action plan that is designed to lower carbon intensity through carbon offsets, invest in technology and explore alternative fuels.
Norwegian is also working with engine makers and classification societies to develop a methanol engine retrofit.
