ROYAL CARIBBEAN CRUISES LTD. STATEMENT PURSUANT TO MODERN SLAVERY ACT 2015
Royal Caribbean Cruises Ltd. (“RCL”) is the world’s second largest cruise company and operates through its subsidiaries in the United Kingdom. We wholly-own and operate three global brands: Royal Caribbean International, Celebrity Cruises, and Azamara. Through these brands, RCL operates a large and diverse fleet of ships on a selection of worldwide itineraries that call on hundreds of destinations across all seven continents.
This statement was prepared pursuant to section 54 of the United Kingdom’s Modern Slavery Act of 2015 for the financial year ending December 31, 2018. The statement is signed by the Chairman and Chief Executive Officer of RCL and approved by the Audit Committee of the Board of Directors. A signed copy of this statement is available upon request.
We endorse the principles contained in the United Nations’ (“UN”) Universal Declaration of Human Rights and in the International Labour Organization’s (“ILO”) core conventions on labour standards. We are committed to respecting human rights and core labour principles in our business operations, and we approach and undertake this commitment seriously. More information is available in our Human Rights Statement.
We place a high priority on conducting our business in compliance with the law and in accordance with the highest standards of business ethics. We promote a culture of diversity and inclusion and a workplace built on integrity, honesty, fairness, and trust, and treating each other, including our employees, business partners, suppliers, and guests, with respect and dignity.
RCL’s Code of Business Conduct and Ethics (“Code”) governs the ethical and legal conduct of our employees across our global operations and includes our commitment to human rights and core labour principles and our condemnation of human trafficking and all forms of forced and child labour. All employees are trained on, and certify compliance with, the Code upon commencement of employment and at regular intervals thereafter. The Code is reviewed and updated on an annual basis and is approved by our Board of Directors.
Our Supply Chain
We are committed to transparent relationships with our suppliers. We act ethically and comply with the laws applicable to where we conduct business, and we expect that our suppliers do the same in their business operations, including their dealings with and for RCL. These expectations and requirements are stated in RCL’s Supplier Guiding Principles and referenced in our Code and on our Internet-based supplier portal.
The Supplier Guiding Principles also state our expectation that suppliers make the same commitment to human rights and core labour principles we do by providing a safe and healthy workplace for their employees, prohibiting all forms of forced and child labour, ensuring compliance with applicable wage and hour laws, promoting a diverse workplace free from harassment, discrimination, and abuse, and respecting legal rights on freedom of association and collective bargaining. Our purchase order terms and conditions with suppliers incorporate these expectations and reserve our right to inspect and audit records related to the supplier relationship to ensure obligations have been/are being met.
We use a risk-based approach to manage our supplier relationships, including due diligence and internal processes, procedures, and controls. Periodic risk assessments of our business operations guide this approach.
We encourage employees and suppliers to report known or suspected illegal and unethical conduct or activities to certain designated contacts, including our Global Compliance and Ethics Group or through RCL’s Compliance and Ethics AWARE (“Address Wrongdoing As Responsible Employees”) Hotline, which is accessible by phone, email, or the Internet, 24 hours/day, 7 days/week. More information about RCL’s Compliance and Ethics AWARE Hotline can be found in Our Code, Supplier Guiding Principles and on our corporate website.
Reports are reviewed, and investigations and actions are taken when appropriate.
The above processes are periodically reviewed and/or updated to ensure they remain appropriate and effective.
Certain statements throughout the site and within documents obtained from the site are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding our future performance including, without limitation, future revenues, earnings, strategies, prospects, consequences and all other statements that are not purely historical Words such as “expect,” “anticipate,” “goal,” “project,” “plan,” “believe,” “seek” and similar expressions are intended to identify these forward-looking statements. 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: general economic and business conditions, vacation industry competition (including cruise industry competition), changes in vacation industry capacity (including over capacity in the cruise vacation industry), the impact of tax laws and regulations affecting our business or our principal shareholders, the impact of changes in other laws and regulations affecting our business, the impact of pending or threatened litigation, the delivery of scheduled new ships, emergency ship repairs, negative incidents involving cruise ships (including those involving the health and safety of passengers), reduced consumer demand for cruises as a result of any number of reasons (including armed conflict, terrorist attacks, geo-political and economic uncertainties, the unavailability of air service and the resulting concerns over safety and security aspects of traveling), our ability to obtain financing on terms that are favorable or consistent with our expectations, changes in our stock price or principal stockholders, the impact of changes in operating and financing costs (including changes in foreign currency and interest rates and fuel, food, payroll, insurance and security costs), weather and other factors described in further detail in Royal Caribbean Cruises Ltd.’s filings with the Securities and Exchange Commission.
The above examples are not exhaustive and new risks emerge from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.