Norwegian Cruise Line Holdings – which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands – has created a new department focused on the cruise line’s environmental, social and governance (ESG) strategy, reinforcing the company’s commitment to company-wide sustainability initiatives.
The department will be led by long-time company leader and cruise industry veteran Andrea DeMarco who was recently appointed to the newly created role of senior vice president, ESG, investor relations and corporate communications.
“We are committed to driving a positive impact on society and the environment through the advancement of our global ESG strategy with the creation of a team dedicated to this task,” says Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings. “It is critical for companies to take an active approach to ESG and our expanded leadership and allocation of resources will help to coordinate our company-wide sustainability efforts.”
DeMarco has held a variety of roles during her 18-year career in the cruise industry and will head the Company’s ESG initiatives while continuing to lead the investor relations and corporate communications departments.
DeMarco has been with Norwegian since 2012 and was an integral part of its initial public offering in 2013 and the acquisition of Prestige in 2014. Prior to joining Norwegian, DeMarco held a variety of roles in the cruise industry including corporate financial planning, sales and revenue management. She served on the board of directors as president and treasurer for the Florida chapter of the National Investor Relations Institute. DeMarco received a Masters in Finance from Florida International University and a Bachelors in Science in Finance from Florida State University.
“I am honoured to lead this new function and look forward to collaborating with our internal and external stakeholders to build upon our ESG roadmap,” says Andrea DeMarco (left).
The new ESG function will coordinate closely with departments across the organisation including health, medical, safety and environmental operations, human resources, supply chain and legal.
Reporting to DeMarco, Beau Daane has joined the team as senior director, ESG, focusing on enhancing and delivering on the company’s ESG strategy. This new department will be responsible for all updates to the Board of Directors including the technology, environmental, safety and security (TESS) committee. Formed in 2019, the company’s TESS committee oversees matters related to corporate social responsibility and sustainability.
Daane joined the Company from a mining company where he was a director of sustainable development. In this role, he led the annual production of the corporate responsibility report and guided the company through three materiality processes following the Global Reporting Initiative (GRI) framework. Daane also helped embed sustainability across the organisation using appreciative inquiry, advancing the work of 10 corporate sustainable development teams and six regional sustainability coordinators. Daane holds an MBA from Case Western Reserve University, a Masters in history from Cleveland State University and a dual-degree Bachelors in French and international relations from Duke University.