Norwegian Cruise Line Holdings (NCLH) has committed to achieving net-zero emissions by 2050 across its operations and value chain.
The cruise company, which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, has also committed to develop short- and near-term greenhouse gas reduction targets to support its path to net-zero.
In addition, the company has published its first Task Force on Climate-related Financial Disclosures (TCFD) report which provides "critical transparency" to its stakeholders.
The firm’s new climate commitments broaden its existing climate action strategy which is centred around three key focus areas: reducing carbon intensity; investing in technology and exploring alternative fuels; and implementing a voluntary carbon offset program.
NCLH will continue to monitor and invest in opportunities to reduce emissions including and beyond its fleet, working with its partners to identify best practices and accelerate decarbonisation efforts.
Last year, the company said it would purchase three million metric tonnes of carbon dioxide equivalent offsets to address decarbonisation gaps in the short-term while it explores long-term solutions.
Frank Del Rio, president and chief executive officer of NCLH, said the company’s net-zero ambitions "will be one of the most defining voyages" the firm will take.
"The scope of our net-zero ambition spans our entire value chain as we aim to bring key partners, including our vast network of global suppliers, along with us on this transformational journey," he added.
"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."