2023 ESG REPORT
BUILDING TOWARD A MORE SUSTAINABLE FUTURE
Forward-Looking Statements
Certain statements in this report may be “forwardlooking statements.” These statements are based on the current beliefs of Lindblad Expeditions, LLC and are subject to numerous risks, uncertainties and changes in circumstances, some of which may be unforeseen or unknown today. These statements are not guarantees of future results, goal achievement or outcomes. Similarly, statements about our goals, objectives and targets to positively impact climate and environmental-related issues, such as emission-reduction roadmaps and targets to drive toward net zero and other emissions, environmental and climate-related reduction goals, are also forward-looking statements. Actual results, achievement of goals and financial condition may differ materially from those anticipated or expected from or represented by these statements due to a variety of factors, including, among others, socio-demographic and economic trends, energy prices, the pace, cost and effectiveness of technological innovations, climaterelated conditions and weather events, legislative and regulatory changes and other unforeseen events or conditions, the potential impacts of climate change on our business and our ability to mitigate them, and reference is made to the precautionary statements and risk factors included in Lindblad Expeditions, LLC’s filings with the Securities and Exchange Commission (SEC), including the Risk Factors disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K, and subsequent quarterly filings with the SEC.
All forward-looking statements are based on management’s knowledge and reasonable expectations at the time of publication. We do not undertake to provide any further updates or changes to any data or forward-looking statements in this report. Neither future distribution of this material nor the continued availability of this material on our website or in archive form should be deemed to constitute an update or re-affirmation of
any estimates, forecasts, calculations or statements as of any future date. Any future update will be provided only through a public disclosure indicating that fact. While this report describes potential future events that may be significant, the significance of those potential events should not be read as equating to materiality as the concept is used in Regency Centers’ filings with the SEC.
This Report is not an SEC Filing
This report and the content of our website, including other reports posted there relating to corporate responsibility, are not filings made with the SEC and are not, and shall not be deemed to be, incorporated by reference into any filings Lindblad Expeditions, LLC has made or will make with the SEC.
Other Disclaimers Relating to This Report
This report has been prepared primarily, but not exclusively, for the use and convenience of Lindblad Expeditions, LLC shareholders and potential investors, and intentionally is focused on unknown future events that we have been asked to consider. Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not intended to communicate any material investment information under the laws of the United States or represent that these are required disclosures. This report is not intended to imply that Lindblad Expeditions, LLC has access to any significant non-public insights on future events that the reader could not independently research. In addition, historical, current, and forward-looking environmental and other sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future, including future laws and rulemaking. Forward-looking and other statements regarding environmental and other sustainability efforts
and aspirations are for informational purposes only and are not intended as an advertisement for Lindblad Expeditions, LLC’s equity, debt, businesses, products, or services and the reader is specifically notified that any investor-requested disclosure or future required disclosure is not and should not be construed as an inducement for the reader to purchase any product or services. The statements and analysis in this report represents a good faith effort by the Company to address these requests for information despite significant unknown variables and, at times, inconsistent market data, government policy signals, and calculation, methodologies, or reporting standards.
Third Parties
Any reference to Lindblad Expeditions, LLC’s use of, support of, work with, reporting “consistent with” or “in accordance with”, or collaboration with, a thirdparty organization does not constitute or necessarily imply an endorsement by Lindblad Expeditions of any or all of the positions or activities of such organization. Lindblad Expeditions, LLC participates, along with other companies, institutes, universities and other organizations, in various initiatives, campaigns, projects, groups, trade organizations, and other collaborations among industry and through organizations like the United Nations that express various ambitions, aspirations and goals related to climate change, emissions, sustainability, and energy transition. Lindblad Expeditions, LLC’s participation or membership in such collaborations is not a promise or guarantee that its individual ambitions, future performance or policies will align with the collective ambitions of the organizations or the individual ambitions of other participants, all of which are subject to a variety of uncertainties and other factors, many of which may be beyond Lindblad Expeditions, LLC’s control, including government regulation, availability and cost-effectiveness of technologies, and
market forces and other risks and uncertainties. Lindblad Expeditions, LLC will continue to make independent decisions regarding the operation of its business, including its climate-related and sustainability-related ambitions, plans, goals, commitments, and investments, and may unilaterally change them for various reasons, including adoption of new reporting standards or practices, market conditions; changes in its portfolio; and financial, operational, regulatory, reputational, legal and other factors.
This report has not been externally assured. Some disclosures were omitted due to incomplete data at the time of publication. These will be addressed in future reporting.
For any questions or feedback, please contact: press@expeditions.com
This ESG report presents extra-financial performance for Lindblad Expeditions, LLC, a subsidiary of Lindblad Expeditions Holdings, Inc. (NASDAQ: LIND) for fiscal year 2023 (January 1, 2023 - December 31, 2023). The report references the Global Reporting Initiative (GRI) Standards as a framework to guide the selection of topics and disclosures relevant to our environmental, social, and governance (ESG) performance.
Lindblad Expeditions, LLC is a leader in global expedition travel, offering immersive, educational journeys that span the globe. Driven by a passion for the planet and the belief that there is always more to be discovered, Lindblad leads travelers to the farthest reaches of the world with an expansive portfolio of ship-based expeditions alongside scientists, naturalists, and photographers.
Natalya Leahy Chief Executive Officer
Lindblad Expeditions Holdings, Inc.
A New Chapter in a Legacy of Responsible Exploration
It is a privilege to introduce myself as the CEO of Lindblad Expeditions Holdings, Inc., having stepped into this role in 2025. As we share our inaugural Environmental, Social, and Governance (ESG) Report, I do so with deep respect for the extraordinary legacy built over nearly 60 years—one shaped by a shared belief in the power of responsible exploration, a passion for the planet, and an understanding that how you see it matters.
This report reflects our performance in 2023, a year guided by the thoughtful leadership of our Founder and now Co-Chair of the Board, Sven-Olof Lindblad, and our former CEO Dolf Berle. I want to thank Sven and Dolf, our shoreside and shipboard teams, our incredible community partners, and all those who have contributed to our mission. Their dedication continues to inspire, and their work laid the foundation for the future we’re building together.
At Lindblad Expeditions, we believe exploration must be approached with care, humility, and responsibility. Since 1966, curious travelers have trusted the Lindblad name to guide them safely and responsibly on journeys of deep discovery to some of the most remote and remarkable places on Earth, and we embrace that responsibility with seriousness and heart. We believe that travel can be a force for good in this world, and our purpose as the pioneer of modern expedition cruising is not just to connect guests to the planet, but to help protect it.
In 2023, we made meaningful progress toward our sustainability goals. We strengthened our internal systems to better track our environmental impact, with a particular focus on emissions. We
advanced our waste reduction efforts and continued our commitment to sustainable food sourcing. And through the Lindblad ExpeditionsNational Geographic Fund, we expanded our support of local communities, conservation, and scientific research.
This ESG Report is more than a snapshot in time, it is a reflection of who we are. It brings transparency to our efforts and aligns with global best practices to ensure we remain accountable to our values, to all those who sail with us, and to the planet.
Looking ahead, I’m energized by the opportunity to build on this foundation and enthusiastic about the course we’ve charted. We will continue working to reduce emissions across our operations, support education, science, and community partnerships, and leverage data, innovation, and collaboration to drive environmental and operational performance.
To our global team, our partners, and our guests: thank you for making 2023 a meaningful chapter in our decades-long journey. I’m honored to lead Lindblad Expeditions into the next chapter guided by purpose, grounded in science, and driven by a deep respect and passion for the planet and its people.
With gratitude,
CONNECTING PEOPLE WITH NATURE AND CULTURE FOR 50+ YEARS
For more than 50 years, Lindblad Expeditions has been welcoming travelers aboard its fleet of small expedition ships in pursuit of exploration and discovery. Each voyage reinforces the company’s core belief that travel, when approached responsibly, is a potent force for connecting people to the natural world and supporting initiatives that help protect it.
Our Founder, Sven-Olof Lindblad—inspired by his father, Lars-Eric Lindblad, who defined and pioneered ecotourism beginning in the 1960s—instinctively knew that conserving the natural world and building respect for local communities requires three things: charismatic locations; a business ethos where caring for the places explored is baked into company DNA; and curious, adventurous travelers willing to engage in first-hand experiences that inspire wonder and awe.
And so, together with a team of dedicated shoreside professionals and passionate field naturalists— among them oceanographers, botanists, ornithologists, historians, marine mammal experts, and biologists—he built Lindblad Expeditions. We are a company that seeks out wild and remote locations and provides guests with safe, unparalleled experiences across 450+ annual departures on all seven continents, anchored in the Lindblad family’s legacy of responsible exploration.
These deep, founding roots inform and shape our modern-day approach to ESG. The world has changed tremendously since the early days of expedition travel and we, too, continue to evolve to meet the changing realities of environmental and social responsibility. We carry with us the spirit of stewardship and innovation that has always thrived among our shoreside and field-based teams—now with National Geographic by our side.
As we make decisions for today—and the future—we look through a lens that thoughtfully considers our impacts on climate, the environment, the local communities we visit around the world, and our workforce.
Top: Sven-Olof Lindblad, Founder, led Lindblad Expeditions through four decades of small-ship expedition travel rooted in authentic experiences, deep respect for nature and culture, and entrepreneurial evolution. Bottom: Lars-Eric Lindblad, Sven’s father, is widely considered the father of ecotourism, pioneering non-scientific travel to multiple locations, including Antarctica (1966), the Galápagos Islands (1967), Bhutan, the Seychelles, Easter Island, and beyond.
LINDBLAD AT A GLANCE (2023)
15 owned and chartered mission-built vessels ranging in size from 28-148 guests
70+ countries explored
88 unique itineraries offered across all 7 continents
450+ annual departures
1 Mission: to help travelers see and appreciate the world in a new way, building memories that will last a lifetime
OUR GLOBAL OPERATIONS
Lindblad
EMBEDDING ESG IN EXPEDITION TRAVEL
Lindblad Expeditions understands that expedition travel has both environmental and social impacts. However, we believe responsible expedition travel with a deep respect for nature, diverse ecosystems, local cultures, and sustainability can create positive local impact, and environmental stewards from expedition travelers. Since our earliest days, we have worked to minimize our environmental impact, support local communities, and contribute to conservation efforts in the extraordinary destinations we visit. Looking ahead, we are committed to strengthening these efforts by adopting evolving best practices, advancing technologies, and implementing rigorous standards to further lessen our footprint.
The purpose of this report is to provide transparent and consistent information on the company’s environmental, social, and governance impacts, commitments, and performance.
Through this report, we aim to offer our guests, partners in exploration, and other stakeholders greater insight into how we embed responsible practices across our operations. The report covers Lindblad Expeditions, LLC., including owned and leased ships, offices, supply chain, biodiversity, community impacts, governance and more.
At right: National Geographic Resolution sails out of colorful Uummannaq harbor, Greenland.
OUR ESG STRATEGY
At Lindblad Expeditions, our work brings us to some of the most remote and remarkable parts of the planet. That access comes with responsibility. Our ESG efforts are not just about reducing impact. They are about protecting ecosystems, supporting local communities, and making sure the places we explore remain wild and thriving.
We approach ESG in the way we approach exploration, with curiosity, care, and a commitment to learning. We have organized this report around four pillars that reflect what matters most to us.
Climate Action: Reducing Emissions and Impacts
Expedition cruising depends on the health and resilience of the environments we explore—from polar regions to fragile marine ecosystems. Because climate change poses direct risks to these destinations, reducing our greenhouse gas (GHG) emissions is central to our ESG strategy. Since 2019, we have voluntarily measured and offset Scope 1, 2, and 3 GHG emissions resulting from our business on an annual basis. We are tracking marine technological advancements that will permit safe, net-zero emissions operations in remote environments in the future, and we are working to eliminate unnecessary emissions and reduce our GHG footprint.
Environmental Stewardship: Protecting Nature and Resources
Our fleet operates in fragile environments, and we recognize a responsibility to help safeguard these ecosystems. Our superintendents and engineers manage water and waste streams, while our hotel team and responsible exploration program experts oversee efforts to minimize food waste and protect biodiversity in the locations we explore.
Community Partnership: Investing in Local Shared Value
A true expedition experience provides opportunities to experience a place—and its culture—in authentic ways. Travelers aboard our fleet don’t just look with their eyes; they taste locally-sourced cuisine, hear engaging stories from local people, and feel the power of collaboration when they are welcomed by communities whose trust Lindblad Expeditions has earned over decades of respectful interactions.
Our People: Building a Thriving, Inclusive Workplace
Our teams are the lifeblood of our company and the guest experience. We work hard to keep our shoreside and field personnel at the heart of what we do—providing a safe and positive work environment and offering meaningful careers with equitable growth opportunities.
Behind Every Journey: A Deeper Commitment
What We Mean by Responsible Exploration:
To us, responsible exploration means designing travel experiences that aim to support local communities, minimize environmental impact, and contribute to longterm sustainability goals.
We are deepening the integration of sustainability into the way we operate—from reducing shipboard waste and emissions to collaborating with local partners. We offer our ships as a platform for research and learning.
Our commitment is to continuously improve how our operations affect the people and ecosystems we visit, recognizing that exploration must evolve in service of a more just and resilient planet.
King penguins and travelers, South Georgia.
ESG TARGETS AND GOALS: SETTING AMBITIOUS AND MEASURABLE COMMITMENTS
EMISSIONS
Achieve net-zero greenhouse gas emissions across Scope 1 and Scope 2 by 2050.
Establish emissions reduction targets aligned with the Science Based Targets initiative (SBTi) by the end of 2027.
HEALTH & SAFETY
Refine definition of a reportable injury and update data capture to facilitate year over year reductions in guest and crew injuries by 2026.
WASTE
Assess the feasibility of using onboard dehydrators, or other technologies, to reduce food and organic waste by 2027.
WATER & EFFLUENTS (BUNKERING)
Increase vessel water production and storage capacity to eliminate routine sourcing of water from shore.
SUPPLY CHAIN
Expand our sustainable seafood procurement framework to ensure 100% of seafood served on board meets Food and Agriculture Organization (FAO) criteria on wellmanaged stocks, is sourced via lowimpact fishing/aquaculture methods, is fully traceable, and is aligned with third party certifications.
Develop a quality control strategy, incorporating sustainability and traceability criteria across key product categories by 2027.
Identify and implement sustainable alternatives for high-impact back-ofhouse supplies by 2030.
BIODIVERSITY & LOCAL COMMUNITIES
Advance biodiversity research and education through shipboard programs for guests, staff, and hosted scientists.
Grow cumulative Lindblad Expeditions-National Geographic (LEX-NG) Fund investments to $35M by 2030.
Strengthen economic outcomes for local businesses and organizations by expanding support for programs focused on conservation, education, science, storytelling, and art.
EQUITABLE OPPORTUNITIES
Create opportunties for individuals to succeed by harnessing their unique talents, thereby strengthening gender representation in leadership and ensuring balanced, inclusive decision-making.
As part of our commitment to transparency and accountability, we’ve outlined key ESG goals aligned with our most material topics. These goals reflect the areas where Lindblad Expeditions can make the greatest impact through continued investment, innovation, and collaboration.
OUR ESG GOVERNANCE
We integrate sustainability into our decision making at every level, ensuring that ESG considerations are part of our longterm strategy and day-to-day operations. Our governance structure is designed to provide clear oversight, accountability, and transparency in managing sustainability-related risks and opportunities.
Executive Leadership Team Oversight: The Executive Leadership Team (ELT) has ultimate responsibility for sustainability performance and risk management. Sustainability matters are regularly included in ELT meetings, and progress is reviewed against defined goals and targets in the company’s Sustainability Plan. Day-to-day management is overseen by relevant team members depending on area of focus.
ESG Implementation: The implementation of the Sustainability Plan is supported by cross-functional teams, ensuring integration across operations, supply chain, human resources, finance, legal, compliance, and communications. An ESG Committee with representatives from key departments advises on ESG priorities, supports cross-departmental efforts to integrate ESG considerations and implement the Sustainability Plan, and supports ESG reporting. The ESG Committee reports regularly to the Executive Leadership Team. Each business unit is responsible for implementing relevant sustainability actions and reporting progress.
Integration with Risk Management: Sustainability-related risks and opportunities — including climate change, regulatory developments, and supply chain resilience — are assessed within our broader company risk framework. Long-term sustainability risks are raised, as appropriate, at the Board Level. The ESG Committee includes representation from the compliance team who plays a key role in identifying and monitoring regulatory requirements that influence ESG priorities and strategic planning.
Stakeholder Engagement in Governance: This year, our sustainability governance work was informed by targeted interviews with internal stakeholders from across departments and operational areas. We complemented these conversations with a review of peer and competitor ESG disclosures to identify relevant trends and practices. In addition, an independent third party conducted an assessment of our company’s ESG risks, providing an external perspective to inform decision making. These inputs have helped shape our current priorities and will guide future strategy, as we look to expand our engagement activities to include a broader range of external stakeholders.
Transparency and Accountability: We are committed to clear and accurate communication of our ESG performance, targets, and progress. The report has been prepared with reference to the Global Reporting Initiative (GRI) Standards—the world's most widely used sustainability reporting standard—and informed by leading sustainability frameworks. Our ESG Committee plays a central role in coordinating data collection and review to support accuracy, consistency, and alignment with our approach to managing ESG priorities.
ALIGNING WITH THE UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
CORE CONTRIBUTIONS
In these areas our current operations, initiatives and performance demonstrate strong alignment with the SDGs. We continue to build on this foundation and to maintain and enhance our positive impact.
SDG 1 – No Poverty
Supported local economic opportunity through the Artisan Fund, contracting with operators and staff members in the regions we explore, and direct sourcing from local suppliers.
SDG 2 – Zero
Hunger
Contributed to global food security goals by emphasizing sustainable sourcing and reducing food waste, helping to strengthen responsible food systems.
SDG
11 – Sustainable Cities and Communities
Promoted sustainable community development by protecting cultural heritage, supporting conservation projects, and investing in resilient community partnerships.
SDG 13 – Climate Action
Voluntarily tracked and offset 100% of Scope, 1, 2, and 3 emissions in 2023 while piloting low-emission technologies and strengthening emissions measurement systems.
As part of our sustainability strategy, Lindblad Expeditions is committed to the United Nations (UN) Sustainable Development Goals (SDGs)—a set of seventeen goals adopted by the UN as part of the 2030 Agenda for Sustainable Development. In 2023 Lindblad completed an assessment to understand how company activities contribute to the SDGs. They also inform future targets and provide a framework for evaluating progress.
PRIORITY AREAS FOR ADVANCEMENT
Lindblad Expeditions is well-positioned to strengthen our contribution to these SDGs. Our ESG goals and framework prioritize actions and innovation across these goals to achieve greater alignment and impact over time.
SDG 5 – Gender Equality
Strengthening representation across the workforce, increasing gender balance across leadership, and embedding equitable opportunities into governance systems.
SDG 7 – Affordable and Clean Energy
Scaling renewable energy adoption, expanding shore power infrastructure, and accelerating the use of alternative fuels across the fleet.
SDG 9 – Industry, Innovation, and Infrastructure
Developing a fleet-wide decarbonization roadmap, investing in new vessel technologies, and strengthening infrastructure to support long-term emissions reductions.
Note: This SDG review was conducted by the American Bureau of Shipping (ABS) Sustainability Center.
THE LINDBLAD EXPEDITIONSNATIONAL GEOGRAPHIC FUND
The Lindblad Expeditions-National Geographic (LEXNG) Fund was jointly founded by Lindblad Expeditions and the National Geographic Society in 2008 to support critical marine research, conservation and education initiatives and programs. As of December 31, 2023, it had invested more than $22 million in 260 grants and projects on all seven continents. Funding for this work comes from the generosity of shipboard travelers inspired to protect and preserve the places they explore.
Responsibility for the strategy and day-to-day operations of the LEX-NG Fund belongs to a dedicated shoreside team at Lindblad Expeditions and a crossfunctional group at the National Geographic Society. Together, they ensure that 100% of guest donations support impactful, on-the-ground projects, with no amount deducted for overhead.
The Fund is administered by the National Geographic Society. Field personnel across Lindblad’s fleet serve a critical role in engaging guests with Fund-supported work. It is their expertise and passion that ignites travelers, awakening a sense of wonder and inspiring a desire to further the positive impacts of expedition travel—the foundation on which exploration with the Lindblad family has been built for 50+ years.
Click here to read more about the LEX-NG Fund’s 2023 accomplishments in our annual LEX-NG Fund Traveler Impact Report .
LEX-NG FUND MISSION
To support projects that aim to understand and protect our world’s ocean, restore critical marine and coastal habitats, and foster environmental stewardship in regions visited by the National Geographic-Lindblad Expeditions fleet, and beyond.
National Geographic Orion in tropical waters.
2023 HIGHLIGHTS
In 2023, the LEX-NG Fund invested $2.2 million in ocean health, marine coastal habitats, and environmental stewardship in the places we visit. Perhaps most rewarding was the growth and evolution the Fund experienced after 15 years of steady development.
We significantly expanded our Visiting Scientist program, funding National Geographic Explorers on shipboard projects in the Arctic, the Southern Ocean, and beyond, studying topics from penguin and whale health to quantities of microplastics
in the ocean. We sent 50 Pre-K—12 educators out to wild places including Patagonia, Indonesia, Iceland, and Antarctica to experience the natural world and develop creative ways to bring it back to their students and learning communities. We continued our long-term support of National Geographic Pristine Seas and their efforts to create marine protected areas (MPAs) around the world. We additionally supported local organizations in Alaska, Baja California, Galápagos, and the Amazon enabling meaningful conservation benefits to local communities and ecosystems.
These investments propelled bold ideas, cultivated environmental and social heroes, and demonstrated leadership that spans generations, all thanks to the generous support of our travelers. Lindblad Expeditions Founder, Sven Lindblad, and company CEO Natalya Leahy, share the belief that travel can and should be a force for good. Collectively, Lindblad Expeditions, the National Geographic Society, and travelers aboard the National Geographic-Lindblad Expeditions fleet are proving that it absolutely can be.
$2.2 Million+ invested in projects and programs 26 conservation, research, and education projects supported 16
National Geographic Explorer-led Visiting Scientist projects 50 Grosvenor Teacher Fellows selected to join expeditions aboard our fleet 6
National Geographic Pristine Seas expeditions 700+
global student leaders inspired by Unplastify, a LEX-NG Fund-supported initiative
WHAT WE PROTECT TODAY SHAPES WHAT REMAINS TOMORROW
CLIMATE ACTION
REDUCING EMISSIONS AND IMPACTS
GREENHOUSE GAS EMISSIONS ACCOUNTING
Reducing greenhouse gas emissions is a central focus of our climate strategy. We are committed to tracking, reporting, and reducing emissions across our operations. This section outlines our greenhouse gas (GHG) emissions accounting, and progress toward more efficient, lower-impact travel.
Lindblad Expeditions has voluntarily tracked Scope 1, Scope 2, and select Scope 3 emissions since 2019. This report formally establishes 2019 as our baseline year for emissions reporting, providing a reference point to evaluate performance and guide future reduction targets.
We track emissions using internationally recognized standards, including the GHG Protocol Corporate Standard, ISO 8217, EPA eGrid (2010), and the IPCC 2006 Guidelines. We recognize that accurately measuring our GHG emissions is an evolving process. As part of our commitment to transparency and environmental responsibility, we are continuously refining and expanding our emissions inventory. This includes improving data quality, broadening Scope coverage, and enhancing our methodologies to ensure more comprehensive and reliable reporting in future years.
Scope 1 includes fuel consumed by owned vessels and Zodiac gasoline.
Scope 2 are GHG emissions from purchased electricity. Note that emissions from our Seattle office are reported as zero due to the city’s net zero utility.
Scope 3 are GHG emissions in the Lindblad Expeditions value chain. This includes emissions from leased vessels, staff and crew travel, supply chain transport, and marketing materials, among other indirect sources. A full breakdown is provided on the following page. A 10% contingency is applied to Scope 3 estimates (excluding flights).
REDUCING OUR GHG EMISSIONS
Emissions Performance (2019–2023)
Between 2019 and 2023, Scope 1 emissions increased from 40,265 to 76,632 MtCO ₂e , reflecting the expansion of our fleet.
Emissions intensity per guest-day also rose from 0.24 MtCO ₂e to 0.44 MtCO ₂e. Emissions intensity increased due to the expansion of the fleet, changes in itinerary length and fleet utilization. We continue to explore opportunities to reduce this intensity through operational planning and technology upgrades.
Fleet Modernization
We continue to modernize our fleet with a focus on efficiency and compliance with international environmental standards. Recent fleet changes reflect our commitment to reducing emissions and meeting the highest international standards for energy efficiency:
• In 2022, we retired the National Geographic Islander and introduced the National Geographic Islander II, a smaller, more efficient vessel designed for low-impact operations in the Galápagos. In 2023, the replacement vessel achieved a lower emissions intensity than any year recorded by the previous ship, demonstrating our commitment to reduce our environmental footprint.
• In 2021, the National Geographic Endurance and National Geographic Resolution joined our fleet. These vessels are rated “A” under the International Maritime Organization Energy Efficiency Existing Ship Index (EEXI), reflecting advanced fuel efficiency.
Emissions Reductions Strategies Implemented in 2023
• Enhanced voyage efficiency and itinerary planning, including the initial rollout of NAVTOR navigation tools.
• Began supplier collaboration to embed emissions reduction practices into our value chain.
Greenhouse Gas Emissions Offsetting
In 2023, we offset the Scope 1, Scope 2, and Scope 3 GHG emissions associated with our operations, continuing a voluntary practice in place since 2019. While offsetting is not a substitute for direct emissions reductions, we view it as one component of our broader long-term climate strategy. All offsets projects meet internationally recognized standards, undergo third-party verification, and demonstrate measurable climate benefits with additional social and environmental value.
Guests walking on fast ice, National Geographic Resolution, Antarctica. Bottom: Polar bear, Nunavut, Canada.
ENVIRONMENTAL STEWARDSHIP
PROTECTING NATURE AND RESOURCES
WATER & EFFLUENTS: PROTECTING WATER RESOURCES
Lindblad Expeditions is committed to protecting water resources by implementing sustainable water and wastewater practices throughout our fleet. We apply advanced onboard technologies, comply with local and international discharge regulations, and prioritize operations that minimize our impact on sensitive marine ecosystems.
Onboard Water Solutions
All Lindblad vessels are equipped with reverse osmosis systems, enabling seawater to be converted into freshwater on board. This significantly reduces the need to bunker freshwater from shore, especially in regions with limited local water supplies. We are also expanding onboard water production to further reduce reliance on external sources.
Water Resource Management
In support of our long-term water stewardship strategy, we plan to establish vessel-specific baselines for water production, consumption, and bunkering. We also plan to evaluate the use of a water stress mapping tool to identify regions facing freshwater scarcity. This tool will guide future decisions to avoid bunkering in waterstressed areas.
Wastewater Treatment
All vessels in our fleet are equipped with Oily Water Separator (OWS) systems to prevent oily discharges. Bilge water is treated and monitored via Oil Content Meters to ensure compliance with MARPOL discharge standards. All ships are equipped with technologies to manage sewage and, for those ships operating in Alaska, we comply with the requirements of the Alaska Small Vessel General Permit.
Guests are provided with reusable stainless steel bottles to use on their voyage. All ships are free of guest facing single-use plastic.
REDUCING FOOD WASTE AND PLASTICS AT SEA
Lindblad Expeditions is committed to minimizing waste across shipboard operations through culinary innovation, operational planning, and the elimination of avoidable single-use items.
Minimizing Food Waste at Sea
In 2023, we expanded zero-waste culinary practices by training shipboard chefs in our Heads-to-Tails philosophy, emphasizing full utilization of ingredients across meals. Examples include turning banana peels into a plantbased bacon alternative and using potato peels as chips or garnishes. We also pickle, ferment, cure, and smoke ingredients to extend shelf life, reduce spoilage, and support year-round sustainability.
We raised food waste awareness among our guests by hosting dedicated zero-waste dinners and expanding our plant-based options to highlight sustainable cooking techniques and ingredient stewardship. See page 22 for highlights from this initiative.
To further reduce food waste we have implemented the following efforts:
• We prioritize plated dinners (and some lunches) over buffets, which helps reduce overproduction and food waste across guest meals
• Guests select meal preferences in advance to inform portioning and reduce overproduction
• Organic waste is re-purposed, where possible, through collaboration with local farms and livestock operations
Our sustainable food program continues to grow, offering climate-conscious choices that support diverse dietary needs and waste reduction efforts.
Eliminating Single-Use Plastics Fleet-wide
In 2007, Lindblad Expeditions began phasing out singleuse plastics. By 2018, the company had eliminated all guest-facing single-use plastics from its fleet, including plastic water bottles, cups, straws, stirrers, and containers. In 2023, we continued these efforts, and are now focused on eliminating single-use plastics from back-of-house operations. Guests are provided with reusable stainlesssteel bottles and access to filtered water stations on all ships. These efforts are reinforced by onboard education and signage that encourage guests to reflect on their own consumption habits while experiencing a single-use plastic-free environment.
Spotlight: Waste Prevention Through Education
Lindblad Expeditions facilitates the work of Unplastify, a National Geographic grant project supported by the LEX-NG Fund (2023-2025) and led by National Geographic Explorer
Tati Besada. Unplastify works to shift mindsets around the consumption of single-use plastics through education and youth engagement. In 2023, the Unplastify Challenge reached over 50 schools and more than 700 students across 23 countries in both English and Spanish. The program empowers young people to create and implement local solutions to reduce plastic use, highlighting the power of education as a tool for long-term waste prevention.
SPOTLIGHT: ZERO-WASTE 7-COURSE TASTING MENU
In June 2023, Lindblad Expeditions debuted its first Zero-Waste 7-Course Tasting Menu aboard the National Geographic Resolution , created by our culinary team as part of our broader food sustainability program. The experience, titled Cook’s Nook, honored our efforts to reduce food waste in remote operations while sparking conversation around mindful cooking and ingredient use. Guests were invited to reflect on waste with table scrap bags and stories behind each dish.
Our chefs spent 300+ hours on research and development to prepare for the Zero-waste Tasting Menu. Their goal was to creatively use 100% of every ingredient, incorporating them fully into the dishes. The menu included:
• Pommes Soufflé with Saffron Aioli, Potato Glass — from potato ends
• Salmon Gravadlax with Crispy Fish Skin — using trim, skin, and mousse
• Study in Tuna & Sunchokes — end cuts repurposed into tartare and flakes
• Cauliflower Scallop & Foam — stalks, leaves, stems, and florets all featured
• Lamb Rack & Raviolo — bones for jus, leg braised for stuffing
• Chocolate Apple “Rock” Dessert — inspired by Easter Island, crafted from all parts of apples and chocolate
The development of the Tasting Menu made for a special and educational experience for guests. Our culinary team has integrated many of these experimental practices and lessons learned into day-to-day operations so that we can continue to reduce food waste on board.
CONTRIBUTING TO BIODIVERSITY CONSERVATION IN THE PLACES WE VISIT
Healthy ecosystems are essential to our business, and operating responsibly in the locations we explore—while also taking action to safeguard biodiversity—sits at the core of our mission and values.
Founder Sven-Olof Lindblad said, “You don’t build a business at the expense of the environment; you build it to celebrate it, and protect it.” Our field and shoreside teams carry forward the Lindblad principles that have defined the expedition travel space for decades, and collaborate across departments to ensure intentional, thoughtful actions.
Upholding these company standards is central to operations. We are committed to working thoughtfully in the areas we explore, recognizing that responsible operations require a multi-faceted approach. Company-wide efforts to protect biodiversity include carefully planning landings and wildlife encounters; utilizing modern technologies to minimize vessel impact; aligning with industry standards and local protocols; facilitating programs for conservation, education, and science; and providing guest amenities that keep the environment in mind.
As we work to innovate how expedition cruise operations can have a lighter footprint and support efforts to deepen our knowledge around biodiverse areas of the planet, we also invite our guests to take part in protecting the marine and terrestrial biodiversity in destinations we explore.
OUR BIODIVERSITY AND CONSERVATION INITIATIVES
Wildlife Viewing Policies: Lindblad Expeditions publishes standard operating procedures for the observation of wildlife from ship, Zodiac, and shore. When watching whales and dolphins, shipboard crew, officers, and staff comply with strict regulations and company-mandated guidelines during every interaction. Necessary precautions are taken when observing and interacting with nesting birds and seabird colonies. The Expedition Leader ensures guests are briefed by naturalists on appropriate behavior and precautions when in sensitive areas of wildlife.
Underwater Noise: Select vessels in the fleet have quieting technology and most monitor self-noise. National Geographic Endurance and National Geographic Resolution received SILENT-E notation, industry recognition for quiet ship propulsion that minimizes impact on marine life. Vessels with this notation can document noise performance, valuable data when evaluating transit paths in or near vulnerable areas.
Bird-Friendly Ship Design: Aboard select vessels in the Lindblad fleet, we have a system in place to adjust deck lights to avoid bird strikes. While in bird strike mode, ship lights are limited on outside decks and indoor light is hidden with blackout shades. This system has dramatically reduced bird strikes in South Georgia and the Falkland Islands, where they were once more common. On vessels where it is difficult to install blackout shades, indoor light is intentionally dimmed at night, and the luminance is changed to umber.
Mitigating Invasive Species: We completed a multi-year effort in 2023 to phase out Velcro closures from parkas distributed to guests on polar itineraries. This avoids the threat of travelers accidentally transporting unwanted seeds and invasive species into sensitive ecosystems. We also supported efforts to study and monitor invasive species in the Galápagos Marine Reserve (GMR), informing
scientific understanding and biosecurity policies throughout the region. The GMR is one of the largest marine protected areas in the world and contains the highest biomass of sharks in the world, alongside an incredible diversity of marine species. By supporting efforts by the Charles Darwin Foundation and the Galápagos National Park to study these invasive species, we helped inform management actions that protect native habitats.
Leave No Trace: We embrace and practice the leave-no-trace philosophy of “take only photographs, leave only footprints.” We have a strict no-collection policy for guests in the places we go—no shells, bones, animal fur, feathers, rocks or sticks may be removed. Any litter encountered at landing sites may be removed as part of clean-up efforts to leave places better than we found them. To limit impact on marine environments, we use Stream2Sea® reef-safe sunscreen, provided to guests and shipboard personnel alike. This is the only mineralbased sunscreen on the planet proven safe for freshwater fish, saltwater fish, and coral, having passed the stringent HEL Labs Protect Land + Sea certification.
Industry Leadership: We align with industry standards and associations and adhere to the most conservative regulations of the areas we explore. We are an active member of AECO (The Association of Arctic Expedition Cruise Operators) and IAATO (The International Association of Antarctica Tour Operators). As a founding member of IAATO—which was formed to develop, adopt, and implement operations and safety standards that mitigate potential environmental impacts to the continent and is comprised of more than 100 companies and organizations from across the world—Lindblad Expeditions staff helped develop
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Top: Instilling respect for nature and wildlife in young travelers is central to our expeditions. Bottom: Sharing the wonder of the undersea world is a hallmark of our expeditions.
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and author policies on human behavior and wildlife protection in Antarctica. To address increased visitation to the region, IAATO members—who are self-managed in accordance with the provisions of the Antarctic Treaty and the Environmental Protocol—limit visits to certain sites during peak wildlife breeding periods. In addition, in 2019 all members voluntarily put forth and approved a new policy intended to decrease the likelihood of whale strikes in high-traffic zones along the Antarctic Peninsula. Many of today’s guidelines, designed for sensitive areas where safeguards are needed to protect wildlife colonies or historical sites, were written by IAATO committees, where experts from Lindblad Expeditions including ship captains and expedition staff regularly serve. In 2023, we were an active participant in the IAATO Climate Change assessment and held a seat on the 18-member IAATO Climate Change Committee. Responsible travel in polar regions is at the forefront of our operations, and we integrate educational opportunities for guests to understand the fragility of these incredible environments and our responsibility to protect them.
An Onboard Experience Rooted in Science and Conservation: Every Lindblad Expeditions voyage is conducted by experienced field personnel and maritime professionals who are experts in their respective fields. Equipped with deep local and regional knowledge, often built on decades of experience in a region, our shipboard teams hold the necessary training, credentials, and knowledge to create an onboard experience that promotes meaningful discussions, giving daily presentations on topics such as climate change, biodiversity, conservation, and invasive species. These and other key educational touchpoints ensure that guests are aware of our deep commitment to the ecosystems we explore.
Serving as a Platform for Science and Research: Our Science at Sea program offers multiple ways for travelers to experience science first-hand. The Visiting Scientist program is active aboard select departures, giving guests the chance to travel with researchers using our ships to study penguins or conduct long-term whale health studies, for example. Guests also have
opportunities to participate in citizen science, where they can contribute data on biodiversity and other subjects to the global scientific community. With guaranteed bird, plant, and wildlife sightings on every expedition, travelers are invited to upload images and sightings to eBird, iNaturalist, and Happywhale, popular platforms meant to engage the general public with nature while contributing to science.
Conservation Funding: Lindblad Expeditions supports conservation efforts ranging from local grassroots projects to larger regional and global initiatives in the regions we travel. The Lindblad Expeditions-National Geographic Fund, a cornerstone of our collaboration with the National Geographic Society, facilitates conservation, research, education, and storytelling projects aligned with its mission to understand and protect our world’s ocean, restore critical marine and coastal habitats, and foster environmental stewardship in the regions visited by our fleet and beyond. Guests are invited to contribute to these efforts while on board, and often have opportunities to engage with funding recipients and their projects. See pages 13–14 for more details.
Operating in Sensitive Habitats: As a company operating in marine and terrestrial areas that serve as habitats, nesting sites, feeding locations, and breeding grounds for a host of species, we acknowledge the significance of treading with a light footprint. Our teams work hard to meet and sometimes exceed permit requirements and local or regional regulations. We avoid areas that are identified as sensitive or fragile when planning itineraries, and don’t hesitate to adjust existing itineraries if the status of places we already visit changes. Our flexible itineraries allow us to pivot to new plans when active breeding, nesting, or other animal behavioral sensitivities are observed. Our group sizes and guest to staff ratios are kept small intentionally, and we cultivate close working relationships with leadership from National Parks, First Nations communities, and other local conservation areas to ensure respectful, conscientious behavior from anyone associated with our visits.
Many of our guests get involved in citizen science projects such as this water sampling project in Antarctica.
2023 BIODIVERSITY HIGHLIGHTS FROM THE LEX-NG FUND
In 2023, the Lindblad Expeditions-National Geographic Fund supported grants and programs that advanced biodiversity efforts around the globe. These projects spanned conservation, education, and science topics and took place in numerous locations the fleet explores. Some highlights include:
Visiting Scientist Program: Lindblad Expeditions invited scientists aboard select vessels in the fleet as a platform of opportunity, some of whom were National Geographic Explorers and others who came from academic institutions around the world. This enabled access to hard-to-reach locations for data collection and research. The 16 Visiting Scientist projects supported by the LEX-NG Fund in 2023 studied a wide range of topics from insect migratory patterns to underwater acoustics to coastal biodiversity—and more.
Understanding Climate Impacts on Whale Habitat: The Alaska Whale Foundation (AWF) studies marine mammals and coastal ecosystems, furthering regional conservation efforts. For more than a decade, support from the LEX-NG Fund has enabled the foundation to lead a comprehensive program focused on the health of Southeast Alaska’s humpback whales. Led by National Geographic Explorer and AWF Executive Director Dr. Andy Szabo, the team collected physical, chemical, and biological oceanographic data in 2023 to better understand how Alaska’s marine ecosystem is responding to rising ocean temperatures.
Ecological Restoration in Galápagos: Fundación de Conservación Jocotoco and Island Conservation’s Floreana Island Ecological Restoration Project is working with local
communities to manage and remove invasive species from Floreana Island so endangered native species can thrive. After years of extensive preparations including working with communities to garner their support, developing plans to ensure the safety of livelihoods, livestock, and native species, and completing an Environmental and Social Impact Assessment—the team began treatments to remove invasive rodents, a critical step in restoring the island’s ecological balance. The team is using 75 camera traps equipped with artificial intelligence and machine learning capabilities to improve the monitoring and control of these non-native species. Donations from travelers on the NG-LEX fleet will ultimately help 12 endemic species to reclaim their habitat.
National Geographic Pristine Seas: Since 2008, National Geographic Pristine Seas has helped protect 6.6 million km 2 of ocean area and inspired the creation of 27 marine protected areas around the globe. In 2023, Pristine Seas conducted expeditions to the Southern Line Islands, Kiribati, Tongareva, Cook Islands, Niue, the Republic of the Marshall Islands, and the Federated States of Micronesia, collaborating with local governments, communities, and scientists to collect data and facilitate educational activities. In Niue, local partners explored these waters in the South Pacific via the Pristine Seas submersible and documented a hammerhead shark population new to science. Thanks to Pristine Seas’s initiatives, the government of Uruguay announced in June 2023 that it would create a marine reserve around Isla de Lobos, which is home to South America’s largest sea lion colony.
Spotlight: Battling the Invasive Vampire Fly
In 2023, the LEX-NG Fund supported National Geographic Explorer Charlotte Causton’s work to understand and address the threat posed by the avian vampire fly, an invasive insect that lays its eggs in bird nests and whose larvae feed on nestlings, causing significant chick mortality. The avian vampire fly poses a serious risk to the long term survival of various endemic Galápagos bird species, including the critically endangered Mangrove Finch and the threatened Little Vermillion Flycatcher. Dr. Causton is Project Coordinator of Invasive Invertebrates at the Charles Darwin Foundation and is leading the way for identifying novel strategies for tackling this threat to biodiversity in Galápagos.
COMMUNITY PARTNERSHIP
INVESTING IN LOCAL SHARED VALUE
BUILDING SHARED VALUE THROUGH LOCAL AND RESPONSIBLE SOURCING
Our commitment to local and sustainable sourcing is central to creating shared value with the communities where we operate. By purchasing goods and services from regional suppliers who meet high environmental and social standards, we help strengthen local economies, support small businesses, highlight local foodways, and preserve ecosystems. This approach also reduces transportation-related emissions and ensures the long-term availability of quality resources—benefiting both our operations and the communities we serve.
Cutting Out Single-Use Plastics
Reducing back-of-house single-use plastics is a core initiative. All purchase orders include expectations around plastic sourcing, and vendors are asked to consider biodegradable, compostable, or recycled alternatives that align with our sustainability policies.
Prioritizing Responsible Sourcing
Our sourcing practices prioritize ingredient traceability, waste reduction, and collaboration with regional suppliers to reduce environmental impact and enhance the guest experience.
Locally-sourced
Chefs across the National Geographic-Lindblad Expeditions fleet collaborate with local providers to source fresh, sustainable ingredients. This approach supports zero-waste practices and offers guests a deeper connection to the regions we explore.
Food Philosophy
• Serve food that swims, grazes, or grows locally
• Choose producers who share our values
• Local sourcing: better meals, stronger communities, smaller footprint
• Menus designed to maximize ingredient yield
• Highlight local ingredients and regional dishes
Sustainable Seafood
Every species of fish served on board, over 85 species annually, is assessed using the Monterey Bay Aquarium’s Seafood Watch program. This offers species-level insights on sustainability, catch method, and bycatch risk. It serves as a foundational tool to guide responsible sourcing decisions.
Lindblad Expeditions also adheres to the Marine Stewardship Council (MSC), the most recognized certification for sustainable fisheries. MSC-certified products are prioritized wherever possible.
To complement this, our culinary team conducts in-depth assessments using Food and Agriculture Organization (FAO) fisheries data to assess species density, stock health, and fishery management by region. This added layer helps us evaluate sustainability at the source and guide purchasing decisions that support regenerative fisheries and avoid overharvested stocks.
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BUILDING SHARED VALUE THROUGH LOCAL AND RESPONSIBLE SOURCING
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Farm-to-Table Initiatives
In the Galápagos, Lindblad built the first farm-to-table program in collaboration with local producers. This initiative reduces reliance on mainland imports, enhances ingredient freshness, and minimizes the risk of introducing invasive species.
In 2023, Lindblad worked with 23 local farmers and partners in the Galápagos. One standout partner is Romer Ochoa, owner of Granja Integral Ochoa in Santa Cruz. Romer uses innovative hydroponic techniques and rainwater harvesting to grow vegetables in an area where traditional farming is particularly difficult. His methods support higher yields and generate fresh, sustainable produce for our onboard culinary program. Our guests are invited to visit his farm on select departures, a lasting memory for many.
This exchange with a community farmer exemplifies our goal of building long-term relationships with local suppliers that prioritize sustainability, food safety, and positive economic and social impact.
Animal Welfare and Traceability
Lindblad Expeditions prioritizes environmentally responsible farming methods, animal welfare and ingredient traceability in its sourcing practices. In 2023, the company selected a poultry supplier based on documented animal welfare practices including natural feed, open roaming space, and even playing music to the chickens.
Spotlight: Romer Ochoa, Owner of Granja Integral Ochoa in Santa Cruz Romer shared “Since I started working with Lindblad Expeditions they have shown themselves to be committed to strengthening my agricultural enterprise. I continue investing back into my business because I know that they are supporting me, and this generates stability for me and my family.” Photos of Romer at his farm shown above.
LOCAL COMMUNITIES: INVESTING WHERE WE EXPLORE
An important element of Lindblad Expeditions’ ethos is to preserve, protect, and educate about communities we explore; thus, caring for and uplifting local communities is a business and ethical priority for us.
We believe in forming meaningful relationships with the people who live in the places we share with guests. One way we help bolster local communities is by supporting local artisans through an Artisan Fund supporting communities around the world.
In August 2023, the Artisan Fund hosted a “ How to Run a Craftbased Business ” workshop in La Paz, Mexico. Designed to strengthen local livelihoods, the three-day program trained 21 artisans from across Baja California in customer targeting, product development, and pricing strategies. Ten artisans received financial support for travel, lodging, and meals to ensure accessibility. Sessions also included one-on-one mentoring. The Artisan Fund supports economic inclusion, cultural preservation, and small business development.
Mitigating Risks to Communities
While our goal is to create positive outcomes, we recognize that bringing travelers into remote communities can carry risks — including unintentional health exposure, cultural disruption, or added pressure on local resources. We take precautions to avoid or minimize these risks by limiting group sizes, educating guests on respectful behavior, changing itineraries as necessary, and following strict operational guidelines that prioritize community well-being.
OUR ARTISAN FUND
The Lindblad Expeditions Artisan Fund, launched in 2007, bolsters artisans and local communities at the nexus where tourism, conservation, and handcraft development meet. Supported in 2023 by 5% of sales from our shipboard
Global Galleries & Markets, the Artisan Fund facilitates projects empowering artisans around the world. It offers training programs, supplies equipment, furthers knowledge, and promotes the benefits of buying local and regional handmade goods.
FOCUS AREAS
Adaptive Reuse: sustainably transforming existing materials into works of art and utility, bringing upcycled products to market, and generating meaningful income
Market Access: connecting artisans with new customers who value handmade goods
Craft Preservation: supporting local and Indigenous communities as they pass culturally-significant craft skills to future generations
Business Skills Workshops: sharing best practices with entrepreneurs looking to strengthen or launch a craft-based business
Valuing Artisan Vendors: purchasing a curated selection of merchandise for our shipboard Global Galleries & Markets that celebrates culture, connects guests to communities the fleet visits, and supports artisan enterprises around the globe
• 100% of Lindblad-owned vessels in the NG-LEX fleet sell artisan goods aboard
• 5% of sales from shipboard Global Galleries & Markets is allocated to the Artisan Fund, creating a renewable cycle of support
Top: Participants at our 2023 Baja California Artisan Fund workshop developed valuable marketing skills. Bottom: Global Gallery display aboard National Geographic Sea Bird.
OUR PEOPLE
BUILDING A THRIVING, INCLUSIVE WORKPLACE
HEALTH AND SAFETY: SAFEGUARDING OUR TEAMS ACROSS REGIONS
We prioritize the safety, health, and readiness of our team as a core part of responsible operations.
Lindblad Expeditions operates in remote and physically demanding environments, where crew and staff safety is essential. All employees are covered by a company-wide safety management system, which includes procedures for hazard identification, incident reporting, and medical readiness. Crew receive role-specific safety training at onboarding and throughout their employment and are encouraged to report hazards or non-conformities. All incidents are logged through a standardized system that tracks injuries, near misses, machinery damage, and other safety events. Reports are monitored at the vessel and fleet level. We continue to enhance safety protocols and support worker well-being through onboard medical services, health screenings, and repatriation coverage.
EQUITABLE OPPORTUNITIES
At Lindblad Expeditions, we simply could not do our work without the diverse kaleidoscope of humanity that creates and delivers our remarkable offerings across the planet. As a company that respects and celebrates the inherent diversity in the places we explore, we recognize the need to mirror that same diversity and all the interconnected perspectives within our organization.
We are committed to building a diverse community where every person brings their whole self to work and whose skills, talents and abilities are valued. We believe we can explore farther and in a more meaningful way by actively creating a more diverse and inclusive organization where everyone feels they belong.
WORKFORCE DIVERSITY
As part of our commitment to fostering a diverse community, we report demographic data to better understand and track representation within our workforce; gender data is drawn from internal HR records, while race and ethnicity data is based on a voluntary employee survey.
Gender Representation Shoreside
Prefer Not to Respond
Representation
APPENDICES
Appendix A: GRI Content Index
Statement of use
Lindblad Expeditions has reported the information cited in this GRI content index for the period January 1 to December 31, 2023, with reference to the GRI Standards. GRI 1 used GRI 1: Foundation 2021
GRI 2: General Disclosures 2021
GRI Standard Disclosure Page Additional Details & Omissions Organizational Profile
2-1 Organizational Details P. 3
2-2 Entities included in the organization’s sustainability reporting P. 3
Legal name: Lindblad Expeditions Holdings, Headquarters: 96 Morton Street, 9th Floor, New York, NY 10014
Countries of operation: United States and through operations abroad in 10-K (Item 1: Business, Item 8: Financial Statements)
Scope limited to Lindblad Expeditions, LLC, does not include other subsidiaries
2-3 Reporting period, frequency and contact point P. 3 Jan 1–Dec 31, 2023; published June 30, 2025; contact: press@expeditions.com
2-4 Restatements of information
2-5 External assurance P. 3
No restatements made
This report has not been externally assured Activities and Workers
2- 6 Activities, value chain, and other business relationships P. 4-7, 30-31
2-7 Employees P. 34
Partially disclosed; Additional details in 10-K (Item 1: Business, Item 7: MD&A)
Partially disclosed; Additional details in 10-K(Item 1: Business, “Employees”) Governance
2-14 Role of the highest governance body in sustainability reporting P. 10
Partially disclosed Material Topic
GRI 3: Material Topics 2021 3-1 Process to determine material topics P.10
Partially disclosed Water and Effluents
GRI 3: Material Topics 2021 3-3 Management of material topics P. 21
GRI 303: Water and Effluents 2018
303-1 Interactions with water as a shared resource P. 21
303-2 Management of water discharge-related impacts P. 21
Partially disclosed
Partially disclosed
Partially disclosed Biodiversity
GRI 3: Material Topics 2021 3-3 Management of material topics P. 13-14, 24-27
GRI 304: Biodiversity 2016 304-1 Operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas P. 13-14, 24-27
304-2 Significant impacts of activities, products and services on biodiversity P. 13-14, 24-27
304-3 Habitats protected or restored P. 13-14, 24-27
Partially disclosed
Partially disclosed
Partially disclosed
Partially disclosed, More information available in LEX-NG Impact Fund Report 2023-2024 Emissions
GRI 3: Material Topics 2021 3-3 Management of material topics P. 16 -19
GRI 305: Emissions 2016
305-1 Direct (Scope 1) GHG emissions P. 18, Appendix B
305-2 Energy indirect (Scope 2) GHG emissions P. 18, Appendix B
305-3 Other indirect (Scope 3) GHG emissions P. 18, Appendix B
305-4 GHG emissions intensity P. 19
Partially disclosed
Partially disclosed
Partially disclosed
Partially disclosed
Partially disclosed Waste
GRI 3: Material Topics 2021 3-3 Management of material topics P. 22-23
GRI 306: Waste 2020 306 -1 Waste generation and significant waste-related impacts P. 22-23
306 -2 Management of significant waste-related impacts P. 22-23
Partially disclosed
Partially disclosed
Partially disclosed Supplier Environmental Assessment
Appendix B: GHG Emissions
©2025 Lindblad Expeditions. All Rights Reserved. Lindblad Expeditions and the Eye are the trademarks of Lindblad Expeditions, LLC.
PHOTOGRAPHY CREDITS: Alamy, Sisse Brimberg & Cotton Coulson, Alexandra Daley-Clark, Alberto Montaudon Ferrer, Joshua Vela Fonseca, Doug Gould, Ralph Lee Hopkins, istock, Alex Joseph, Nathan Kelly, Sven-Olof Lindblad, Alex Maguire, Sean Neilson, Kim Nesbitt, Michael S. Nolan, Andrew Peacock, Marco Ricca, Rui Seabra, Shutterstock, Angela Thomas, David Vargas.