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Summary
- Norwegian Cruise Line has come out with its latest stewardship report which highlights its achievements on environmental, social and governance fronts
- The company has achieved a ‘B’ score for its climate change front from global environmental nonprofit
Leading global cruise company Norwegian Cruise Line has come out with its latest stewardship report highlighting its achievements on environmental, social and governance fronts as part of its global sustainability program -- Sail & Sustain.
The company is a leading global cruise company and operates cruise services -- Regent Seven Seas Cruises, Norwegian Cruise Line and Oceania Cruises.
Some highlights from the report:
- The company has established a Technology, Environmental, Safety and Security Committee of the company’s board of directors to oversee its CSR activities.
- The ESG department will oversee strategy, disclosure, and coordination within different departments of the company.
- The company has focused on reducing the use of plastic water bottles through a partnership with JUST Goods, Inc.
- Strengthening the equality, diversity and inclusive workplace culture in the company while working in partnership with the Florida Diversity Council.
- In this regard, the company also launched an online training programme to sensitise its staff on the importance of diversity, inclusion, and culture.
- The company also made a donation of $3 million for the relief operations of Hurricane Dorian and joined hands with “All hands and Hearts” in their relief campaign efforts.
- The company, as part of its pledge to help small and diverse suppliers, has increased its spend with diverse vendors in the US by 36% in 2019 as compared to 2018.
- The company has also set up a new Healthy Sail Panel in collaboration with Royal Caribbean Group to develop new safety and health protocols to deal with health emergencies.
The company was one of the worst affected companies because of the pandemic. It has recently restarted its cruise ship operations and wants all its passengers to be vaccinated before boarding the ships. The company has a fleet of 28 ships with almost 59,150 berths and has tour plans to more than 490 destinations across the world. The company has plans to acquire nine more ships through 2027.
The share price performance of Norwegian Cruise Line Holdings Ltd on NYSE
(Source: EODHD/Others, Thomson Reuters)
The shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) last traded at US $25.41 per share on 14 December, losing 4.15 per cent from the previous day’s close.
