Norwegian Cruise Line Holdings charts a path towards net zero greenhouse gas emissions with new short- and near term targets

Norwegian Cruise Line Holdings Ltd., a leading global cruise company which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, today launched its revamped climate action strategy along with short- and near-term greenhouse gas ("GHG") targets to support the Company's ambitious pursuit of net zero by 2050. These actions underscore the Company's robust commitment to decarbonization as part of its global sustainability program, Sail & Sustain.

Key components of the Company’s new interim GHG reduction targets include:

• Reduce GHG intensity by 10% by 2026 and 25% by 2030, compared to a 2019 baseline with intensity measured on a per Capacity Day1 basis.
• The targets cover the Company's emissions from its fleet of ships, islands and facilities (Scopes 1 & 2) as well as upstream fuel- and energy-related activities, including well-to-tank emissions (portion of Scope 3). As such, the targets will capture the full well-to-wake emissions impact of the Company's fuel consumption.
• Interim targets provide a roadmap to support the Company's existing net zero by 2050 ambition. The scope of this commitment expands to the Company's entire greenhouse gas footprint, including its vast network of suppliers and partners across its value chain.
• We are proud to further refine and strengthen our climate action strategy and commitments including by setting milestone GHG intensity reduction targets which will guide us on our ambitious pursuit of net zero by 2050," said Harry Sommer, president and chief executive officer-elect of Norwegian Cruise Line Holdings Ltd.

To learn more, watch a video highlighting the Company’s climate action strategy and targets here and visit our website here for more information.