PR95994

MIAMI, May 14, 2022 /PRNewswire=KYODO JBN/ --

- Report revamps Environmental, Social and Governance (ESG) Framework,

highlights efforts to reduce emissions on ship and at port

Today Royal Caribbean Group (NYSE: RCL) released its 14th annual sustainability

report, providing a comprehensive update on the company's Environmental, Social

and Governance (ESG) framework and activities across its three wholly owned

brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises.

Logo - https://mma.prnewswire.com/media/1213007/RCG_Logo.jpg

New for 2021, Royal Caribbean Group revamped its ESG framework to better

reflect the company's contributions to a more sustainable cruise industry. The

ESG framework focuses on five distinct ways to deliver great vacation

experiences responsibly: Champion communities and the environment; provide

unforgettable cruise experiences; foster human rights and be an employer of

choice; advance net zero innovation; and govern responsibly.

"All of us at Royal Caribbean Group are focused on delivering the best

vacations possible and doing so responsibly," said Jason Liberty, CEO, Royal

Caribbean Group. "This report reflects our commitment to continuous innovation

and building a sustainable cruise industry while growing our business for good."

The release of the 2021 Seastainability Report follows the recent announcement

that Royal Caribbean Group has committed to another five-year partnership with

World Wildlife Fund (WWF). A flagship partner, WWF will help the company

continue to establish sustainable business practices in areas including

emissions, sustainable tourism and more.

This year's ESG report highlights the company's unrelenting efforts to

decarbonization, especially through the company's Destination Net Zero

strategy, which aims to establish Science-Based Targets (SBT) and achieve net

zero emissions by 2050.

Destination Net Zero, along with other ESG initiatives, will ensure Royal

Caribbean Group develops ambitious and measurable goals for continued carbon

emissions reduction, sustainable business development and growth, sustainable

tourism, and waste management. Destination Net Zero encapsulates Royal

Caribbean Group's focus on serving as a catalyst for innovation in the

industry, with developments that include:

    -- Introducing a fuel-cell hybrid design that allows for zero emission

       in port.

    -- Future-proofing the company's ship-building portfolio through fuel

       flexibility and innovation that ensure each new ship class is 20% more

       energy efficient than its predecessor.

    -- Developing waste management technologies that can convert waste to

       energy. Currently 100% of the fleet is equipped to be landfill-free.

    -- Being ready, through shore power, to connect to local power grids as

       soon as it becomes available.

This year's report was shaped by RCG's 2021 materiality assessment and

references the Global Reporting Initiative's (GRI) 2020 core reporting

standards. The report is also aligned, to the extent possible, with the

Sustainable Accounting Standards Board (SASB) standards.

To view Royal Caribbean Group's 2021 sustainability report and learn more about

the company's efforts, visit: www.royalcaribbeangroup.com/sustainability .

About Royal Caribbean Group

Royal Caribbean Group (NYSE: RCL) is one of the leading cruise companies in the

world with a global fleet of 63 ships traveling to approximately 1,000

destinations around the world. Royal Caribbean Group is the owner and operator

of three award winning cruise brands: Royal Caribbean International, Celebrity

Cruises, and Silversea Cruises and it is also a 50% owner of a joint venture

that operates TUI Cruises and Hapag-Lloyd Cruises. Together, the brands have an

additional 11 ships on order as of March 31, 2022. Learn more at

www.royalcaribbeangroup.com or www.rclinvestor.com .

Forward-Looking Statements

Certain statements in this press release constitute forward-looking statements

under the Private Securities Litigation Reform Act of 1995. These statements

relate to, among other things, the company's expectations, estimates, forecasts

and projections regarding environmental, social and governance (ESG)

initiatives and the company's ability to achieve its ESG goals. Forward-looking

statements reflect management's current expectations and are subject to risks,

uncertainties and other factors that 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. Factors that could affect our results include, among others, those

discussed under the caption "Risk Factors" in our most recent quarterly report

on Form 10-Q, as well as our other filings with the SEC, copies of which may be

obtained by visiting our Investor Relations website at www.rclinvestor.com or

the SEC's website at www.sec.gov . Undue reliance should not be placed on the

forward-looking statements in this release, which are based on information

available to us on the date hereof. We undertake no obligation to publicly

update or revise any forward-looking statements, whether as a result of new

information, future events or otherwise.

SOURCE  Royal Caribbean Group

CONTACT: Janet Diaz, Royal Caribbean Group, corporatecommunications@rccl.com