Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (the “Company”), a
leading global cruise company which operates Norwegian Cruise Line,
Oceania Cruises and Regent Seven Seas Cruises, announced today that
it has expanded its commitment to responsible sourcing practices
including the legal, ethical and humane treatment of animals within
its supply chain. In support of the Company’s global sustainability
program, Sail & Sustain, the Company strengthened its efforts
with new standards and goals to promote animal welfare and
sustainable sourcing across four key areas: chicken, eggs, pork and
seafood.
“We are pleased to strengthen our commitment to
animal welfare and responsible sourcing with concrete goals around
chicken, eggs, pork and seafood. We recognize our responsibility to
be good corporate citizens and our unique position to drive a
positive impact across our supply chain,” said Frank Del Rio,
president and chief executive officer of Norwegian Cruise Line
Holdings Ltd. “We do not plan to stop here, and we will continue to
engage with our diverse suppliers worldwide to promote and
encourage sustainable practices including animal welfare.”
Animal welfare is important to the Company and
its stakeholders, and the Company encourages its suppliers to
implement procedures to prevent the mistreatment of animals.
Current goals are outlined below:
- 100%
target for chicken purchased from suppliers in the U.S. and Canada
who meet GAP standards by 2024: The Company is currently
phasing in updated purchasing policies for chicken using standards
from the Global Animal Partnership (GAP). These standards define
humane treatment for chicken housing and processing. By 2024, we
plan to have all chicken purchased in the U.S. and Canada sourced
from suppliers who meet GAP standards.
- 100%
target for cage-free eggs from U.S. suppliers by end of
2025: For laying hens, cage-free confinement systems are
considered to be more humane as they allow greater freedom of
movement and space to express more natural behaviors than
conventional methods. That’s why the Company continues to identify
and encourage U.S.-based suppliers to use cage-free environments
for their hens.
- 100%
target for gestation crate-free pork by 2025: The Company
is actively engaging with its suppliers to source only pork
products that have been raised without the use of gestation
crates.
- 100%
certified sustainable seafood by 2025: The Company
has made strong progress to purchase all seafood from certified
sustainable sources. More than half of its worldwide seafood
purchases was certified by a recognized certification authority,
such as the Marine Stewardship Council (MSC), the Aquaculture
Stewardship Council (ASC), the Best Aquaculture Practices (BAP), or
the Global Aquaculture Alliance (GAA), in 2019.
“Our strong and diverse supply chain, consisting
of nearly 20,000 global suppliers, form the underpinnings of our
day-to-day operations,” said Carl Robie, executive vice president
of supply chain and logistics of Norwegian Cruise Line Holdings
Ltd. “It’s a natural step for us to align all levels of our
business with our global sustainability program, Sail &
Sustain, and we are pleased to not only formally define our Animal
Welfare Commitment but also outline our overall Responsible
Sourcing Mission Statement. Through these initiatives, we can
ensure responsible sourcing practices will remain deeply rooted
across our entire organization.”
The Company is working with suppliers to
increase availability of cage-free eggs, GAP-certified chicken,
gestation crate-free pork and certified sustainable seafood. In the
event the supply needed to reach these goals is not available, the
Company will continue to work with our supplier partners to
continue expanding product availability to meet demand. The Company
plans to provide progress updates against these goals in its annual
Environmental, Social & Governance report.
Please view more details on the Company’s Animal Welfare goals
and roadmap, Animal Welfare Commitment and Responsible Sourcing
Mission Statement here.
About Norwegian
Cruise Line
Holdings Ltd.
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH)
is a leading global cruise company which operates the Norwegian
Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands.
With a combined fleet of 28 ships with approximately 60,000 berths,
these brands offer itineraries to approximately 500 destinations
worldwide. The Company has nine additional ships scheduled for
delivery through 2027, comprising approximately 24,000 berths.
About Sail
& Sustain
Sail & Sustain is Norwegian Cruise Line
Holdings’ global sustainability program centered around its
commitment to drive a positive impact on society and the
environment while delivering on its vision to be the vacation of
choice for everyone around the world. This program is structured
around five pillars developed through cross-functional
collaboration with key internal and external stakeholders. The
pillars include: Reducing Environmental Impact, Sailing Safely,
Empowering People, Strengthening our Communities and Operating with
Integrity and Accountability.
Cautionary Statement
Concerning Forward-Looking
Statements
Some of the statements, estimates or projections
contained in this release are “forward-looking statements” within
the meaning of the U.S. federal securities laws intended to qualify
for the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. All statements other than
statements of historical facts contained in this release,
including, without limitation, those regarding our business
strategy, financial position, results of operations, plans,
prospects, actions taken or strategies being considered with
respect to our liquidity position, valuation and appraisals of our
assets and objectives of management for future operations
(including those regarding expected fleet additions, our ability to
weather the impacts of the COVID-19 pandemic, our expectations
regarding the impact of Russia's recent invasion of Ukraine, our
expectations regarding cruise voyage occupancy, the implementation
of and effectiveness of our health and safety protocols,
operational position, demand for voyages, plans or goals for our
sustainability program, ESG and decarbonization efforts, our
expectations for future cash flows and profitability, financing
opportunities and extensions, and future cost mitigation and cash
conservation efforts and efforts to reduce operating expenses and
capital expenditures) are forward-looking statements. Many, but not
all, of these statements can be found by looking for words like
“expect,” “anticipate,” “goal,” “project,” “plan,” “believe,”
“seek,” “will,” “may,” “forecast,” “estimate,” “intend,” “future”
and similar words. Forward-looking statements do not guarantee
future performance and may involve risks, uncertainties and other
factors which could cause our actual results, performance or
achievements to differ materially from the future results,
performance or achievements expressed or implied in those
forward-looking statements. Examples of these risks, uncertainties
and other factors include, but are not limited to the impact of:
the spread of epidemics, pandemics and viral outbreaks and
specifically, the COVID-19 pandemic, including its effect on the
ability or desire of people to travel (including on cruises), which
is expected to continue to adversely impact our results,
operations, outlook, plans, goals, growth, reputation, cash flows,
liquidity, demand for voyages and share price; implementing
precautions in coordination with regulators and global public
health authorities to protect the health, safety and security of
guests, crew and the communities we visit and to comply with
regulatory restrictions related to the pandemic; legislation
prohibiting companies from verifying vaccination status; our
indebtedness and restrictions in the agreements governing our
indebtedness that require us to maintain minimum levels of
liquidity and be in compliance with maintenance covenants and
otherwise limit our flexibility in operating our business,
including the significant portion of assets that are collateral
under these agreements; our ability to work with lenders and others
or otherwise pursue options to defer, renegotiate, refinance or
restructure our existing debt profile, near-term debt amortization,
newbuild related payments and other obligations and to work with
credit card processors to satisfy current or potential future
demands for collateral on cash advanced from customers relating to
future cruises; our need for additional financing or financing to
optimize our balance sheet, which may not be available on favorable
terms, or at all, and our outstanding exchangeable notes and any
future financing which may be dilutive to existing shareholders;
the unavailability of ports of call; future increases in the price
of, or major changes or reduction in, commercial airline services;
changes involving the tax and environmental regulatory regimes in
which we operate, including new regulations aimed at reducing
greenhouse gas emissions; the accuracy of any appraisals of our
assets as a result of the impact of the COVID-19 pandemic or
otherwise; our success in controlling operating expenses and
capital expenditures; trends in, or changes to, future bookings and
our ability to take future reservations and receive deposits
related thereto; adverse events impacting the security of travel,
such as terrorist acts, armed conflict, such as Russia's recent
invasion of Ukraine, and threats thereof, acts of piracy, and other
international events; adverse incidents involving cruise ships;
adverse general economic and related factors, including as a result
of the impact of the COVID-19 pandemic, Russia's recent invasion of
Ukraine or otherwise, such as fluctuating or increasing levels of
interest rates, inflation, unemployment, underemployment and the
volatility of fuel prices, declines in the securities and real
estate markets, and perceptions of these conditions that decrease
the level of disposable income of consumers or consumer confidence;
breaches in data security or other disturbances to our information
technology and other networks or our actual or perceived failure to
comply with requirements regarding data privacy and protection;
changes in fuel prices and the type of fuel we are permitted to use
and/or other cruise operating costs; mechanical malfunctions and
repairs, delays in our shipbuilding program, maintenance and
refurbishments and the consolidation of qualified shipyard
facilities; the risks and increased costs associated with operating
internationally; our inability to recruit or retain qualified
personnel or the loss of key personnel or employee relations
issues; our inability to obtain adequate insurance coverage;
pending or threatened litigation, investigations and enforcement
actions; any further impairment of our trademarks, trade names or
goodwill; volatility and disruptions in the global credit and
financial markets, which may adversely affect our ability to borrow
and could increase our counterparty credit risks, including those
under our credit facilities, derivatives, contingent obligations,
insurance contracts and new ship progress payment guarantees; our
reliance on third parties to provide hotel management services for
certain ships and certain other services; fluctuations in foreign
currency exchange rates; our expansion into new markets and
investments in new markets and land-based destination projects;
overcapacity in key markets or globally; and other factors set
forth under “Risk Factors” in our most recently filed Annual Report
on Form 10-K, Quarterly Report on Form 10-Q and subsequent filings
with the Securities and Exchange Commission. Additionally, many of
these risks and uncertainties are currently amplified by and will
continue to be amplified by, or in the future may be amplified by,
the COVID-19 pandemic and Russia's recent invasion of Ukraine. It
is not possible to predict or identify all such risks. There may be
additional risks that we consider immaterial or which are unknown.
The above examples are not exhaustive and new risks emerge from
time to time. Such forward-looking statements are based on our
current beliefs, assumptions, expectations, estimates and
projections regarding our present and future business strategies
and the environment in which we expect to operate in the future.
These forward-looking statements speak only as of the date made. We
expressly disclaim any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statement
to reflect any change in our expectations with regard thereto or
any change of events, conditions or circumstances on which any such
statement was based, except as required by law.
Investor Relations
& Media
Contact
Jessica John(305) 468-2339InvestorRelations@nclcorp.com
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