Norwegian Cruise Line Holdings Ltd. (NCLH) (the ‘Company’ or ‘Norwegian’), a renowned global cruise company, which operates Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, has announced its partnership with Global Maritime Forum, a global non-profit organisation committed to shaping the future of global seaborne trade to increase sustainable long-term economic development and human well-being.
The new partnership closely aligns with the Company’s efforts to drive a positive impact on society and the environment through its global sustainability program, Sail & Sustain, including its commitment to pursue net zero greenhouse gas emissions by 2050.
Norwegian Cruise Line joins Global Maritime Forum
We are pleased to partner with the Global Maritime Forum and join its flagship initiative"
“We are pleased to partner with the Global Maritime Forum and join its flagship initiative, the Getting to Zero Coalition, as we believe cross-sector partnership is a catalyst for innovation and effective change,” said Harry Sommer, President and Chief Executive Officer (CEO) of Norwegian Cruise Line Holdings Ltd.
He adds, “We look forward to collaborating with other like-minded and solution-oriented stakeholders on meaningful initiatives to drive a positive change, strengthen resilience, accelerate decarbonisation efforts and best position the maritime industry for a bright future ahead.”
Focus on key pillars - Efficiency, Innovation and Collaboration
Earlier this year, the Company announced short- and near-term greenhouse gas (‘GHG’) targets to support its net zero by 2050 ambition and its revised climate action strategy, which focuses on three key pillars - Efficiency, Innovation and Collaboration.
The new partnership highlights the Company’s commitment to the collaboration pillar as the Company plans to participate in a variety of initiatives led by Global Maritime Forum, including the Getting to Zero Coalition.
The Getting to Zero Coalition
Initially founded together with the World Economic Forum, Friends of Ocean Action and the Global Maritime Forum, the Getting to Zero Coalition is a powerful alliance of more than 200 organisations within the maritime, energy, infrastructure and finance sectors, committed to getting commercially viable deep sea zero emission vessels powered by zero emission fuels into operation by 2030 to support the industry in its journey towards full decarbonisation by 2050.
The Company is also exploring engagement opportunities focused on human sustainability and inclusion across the industry.
Cruise segment - key part of the global maritime industry
We are pleased to welcome Norwegian Cruise Line Holdings as a Global Maritime Forum partner"
“We are pleased to welcome Norwegian Cruise Line Holdings as a Global Maritime Forum partner,” said Johannah Christensen, Chief Executive Officer of Global Maritime Forum, adding “The cruise segment is a critical part of the global maritime industry, and we are confident that Norwegian will bring a diverse perspective and valuable expertise to our collaborative platform of maritime leaders.”
The Global Maritime Forum
Established in 2017, the Global Maritime Forum has served as a platform for dialogue and collective action, successfully bringing together influential decision-makers through its many working groups and workshops.
One of the most significant initiatives led under the auspices of the Global Maritime Forum was the development of the Poseidon Principles, a framework which guides financial institutions in integrating climate considerations into lending decisions in line with the climate-related goals of the International Maritime Organization.
Norwegian Cruise Line follows the Poseidon Principles
To date, 30 financial institutions have joined the initiative, representing approximately $200 billion in loans to international shipping or over 70% of the global shipping finance portfolio. Since its inception, the Company has participated and provided data to signatory banks in alignment to the Poseidon Principles.