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Scenic Group Impact Report 2024

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Impact Report 2024

Cherish the Planet


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IMPACT REPORT 2024

Contents Introduction 3 Message from Founder & Chairman 3 About this Report 4 Understanding What Matters Most 5 2024 Snapshot 6 Our Business 7 Our Vision, Mission & Commitment 7 Our Core Values 8 The Scenic Group Story 9 Business Model & Value Chain 10 Ethics & Conduct 11 Governance & Risk Management 12 Our Approach to Sustainability 13 Our Sustainability Framework 13 Cherish the Planet – Six Pillars of Focus 14 Scenic Experiences 15 Cherish the Planet 16 1. Reducing Our Waste 16 2 2. Addressing CO Emissions 24 3. Sourcing Sustainably 35 4. Growing with Communities 43 5. Grow from Within / Value Diversity 47 6. Advocate Health, Safety & Security 51 Feedback 53 Appendix 54 7.1 Basis for Preparation 54 7.2 Detailed Calculation Methodologies 55 7.3 Sustainability Reporting Indexes 58 7.4 Performance data 62 7.5 Glossary of Terms 65


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IMPACT REPORT 2024

Introduction

INTRODUCTION

Message from Founder & Chairman

Across our river and ocean cruising operations, we have focused on delivering exceptional guest experiences while embedding sustainability at the heart of our business. From reducing plastic waste and managing water resources responsibly, to supporting local communities and aiming to strengthen our sustainable procurement practices. We have deepened partnerships that create positive social impacts, such as empowering local artisans, advancing clean water initiatives, and supporting work placement opportunities for disadvantaged communities. Importantly, this year’s report marks a transitional step as we start aligning our practices with the emerging landscape of mandatory sustainability disclosures. We acknowledge there are still gaps in some of our data, but we are fully committed to strengthening the consistency, transparency, and quality of our reporting in the years ahead. I want to extend my sincere thanks to our dedicated teams, valued guests, partners, and the communities we work alongside. Together, we are shaping a future where luxury travel and responsible stewardship go hand in hand. Thank you for joining us on this journey.

Glen Moroney FOUNDER & CHAIRMAN, SCENIC GROUP

have focused on delivering “ We exceptional guest experiences

“

As we present Scenic Group’s 2024 Sustainability Report, I am proud to reflect on the progress we have made and the meaningful steps we continue to take on our sustainability journey. This report captures not only our achievements, but also our ongoing commitment to evolve as a responsible global operator.

while embedding sustainability at the heart of our business.


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IMPACT REPORT 2024

About this Report

About this Report This year’s Sustainability Report reaffirms our commitment to transparency, accountability, and meaningful action. It not only highlights the progress we’ve made under our Cherish the Planet sustainability manifesto but also acknowledges the growing influence of global sustainability standards that are rapidly reshaping our industry. There is still much work ahead as we respond to evolving ESG reporting requirements, and we are working diligently to ensure that this effort supports the many other important initiatives underway across Scenic Group’s sustainability agenda. Our Cherish the Planet manifesto continues to serve as the foundation for our sustainability efforts. Aligned with the United Nations Sustainable Development Goals, it is structured around six key focus areas, all of which are outlined in this report. Since launching our inaugural Sustainability Report, I’ve been especially proud of the enthusiasm and engagement shown by Scenic Group staff around the world. The success of any sustainability strategy depends on the commitment of its people, and I’m inspired by how our teams have embraced this journey. While the road ahead remains complex and continually evolving, one thing is certain: understanding must come before action. I hope this report serves as a useful tool, not only for our team, but also for our guests, to deepen that understanding and continue moving us all toward a more sustainable future.

Phil Jordan DIRECTOR OF SUSTAINABILITY


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IMPACT REPORT 2024

About this Report

Understanding What Matters Most In late 2024, Scenic Group conducted a high-level internal materiality screening against the focal areas of the European Sustainability Reporting Standards (ESRS). This proactive step forms part of our early preparation for future sustainability reporting requirements. The screening invited key team members across our business to evaluate where Scenic Group has the greatest impact, and the greatest ability to influence, across a broad range of sustainability-related topics. We also considered whether any of these topics present significant risks or opportunities that could be financially material to the organisation.

Business Ethics

Labour Standards

As a result of this initial process, seven ESRS standards were identified as being relevant to our operations. Encouragingly, several sustainability related elements arising from these are already reflected in our existing sustainability commitments through our Cherish the Planet framework and investor-aligned reporting. This includes our focus on climate change and the wellbeing of our people. Others highlight emerging areas that will shape the next chapter of our sustainability reporting. Acting as a bridge between where we are and where we’re headed, this report combines our current Cherish the Planet and investor reporting with new sustainability-related

Health, Safety & Wellbeing

Diversity, Equity & Inclusion

Water, Waste & Pollution

elements that reflect the evolving sustainability landscape. For this report the sustainability-related elements have been incorporated into our existing Cherish the Planet framework pillars. As we continue to evolve and align with emerging global reporting requirements, Scenic Group is committed to undertaking a more comprehensive and formal materiality assessment. This will help ensure that our sustainability priorities remain responsive to what matters most, both to our guests and communities, and to our investors and broader stakeholders.

Climate Change

Communities & Sustainable Sourcing


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IMPACT REPORT 2024

About this Report

2024 Snapshot

Reducing Our Waste

CO2

> Achieved a 27% improvement in plastic waste intensity.

energy and emissions initiatives.

2

onboard water to the natural environment.

> 50% of Scenic Group employees are

> Offered guest experiences that deepened cultural understanding in Cairo.

capital data.

2023 levels.

> Treated and safely returned 92% of

targets for the year.

Growing with Communities

> Reduced the gender pay gap compared to

onboard ocean vessels, reducing reliance on port supplies.

> Exceeded GHG emissions reduction

> Began capturing and reporting human

were women.

with key supplier and charity partner to boost positive social outcomes.

> Produced 79,823 m³ of freshwater

credits from the Delta Blue Carbon and CommuniTree projects.

Grow from Within ~ Value Diversity

> 51% of our management team in 2024

> Signed a memorandum of understanding Pillar 3

> Surrendered 6,495.22 tonnes of CO

vessels by 13%.

between the ages of 30–50.

Sourcing Sustainably

> Appointed a dedicated specialist to lead Pillar 2

> Reduced wastewater intensity on ocean

Pillar 5

Addressing CO2 Emissions

Pillar 4

> Achieved an 18% reduction in water

consumption on river vessels compared to 2023.

> Expanded the Clean Water Program to

provide safe drinking water at Tra Thanh Kindergarten in Vietnam. Pillar 6

Advocating Health, Safety & Security > Maintained our comprehensive safety management system.

> Committed to advancing our work health and safety reporting practices.


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IMPACT REPORT 2024

Our Business

Our Vision, Mission & Commitment Scenic Group, which includes Scenic Luxury Cruises & Tours and Emerald Cruises & Tours, is dedicated to creating the future of luxury travel by embracing our Vision, fulfilling our Mission, and adhering to our Commitment, with all this being underpinned by our Core Values.

Vision At Scenic Group, we create all-inclusive, luxury river and ocean cruises and handcrafted land journeys that offer our guests a front-row seat to the world’s most breathtaking sights and experiences.

Mission At Scenic Group, we are dedicated to delivering the ultimate in luxury, comfort, and cultural enrichment, so that every journey with us is not just a vacation, but a lifetime experience.

Commitment At Scenic Group, we are committed to excellence and a passion for discovery, unveiling the wonders of the world in style, comfort and sophistication.


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IMPACT REPORT 2024

Our Core Values Our core values are the foundation of everything we do at Scenic Group. They guide our decisions, shape our culture, and ensure that we consistently deliver exceptional experiences to our guests. All Scenic Group employees have access to these values through our centralised system, with core guest facing employee groups1 introduced to these values during the mandatory onboarding process, and we continue to reinforce them through regular communications to foster and strengthen our corporate culture.

Service

We provide a quality service to customers and colleagues.

Collaboration

We openly work and contribute to teams and learn from others.

Excellence

We strive for excellence in all aspects of our work.

N-th Degree

We go the extra-mile when required to do something for someone.

Integrity

We work with honesty and take responsibility for decisions and actions.

Compassion

We treat customers, colleagues, and our environment with respect & dignity.

1

Training is mandatory for reservations and ship staff.

Our Business


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IMPACT REPORT 2024

Our Business

The Scenic Group Story At Scenic Group we are renowned for continuous innovation ensuring guest experience is at the heart of everything we do. Across our luxury river and ocean cruises and handcrafted land journeys is a deep sense of delivering a range of inclusions and a high attention to detail, enabling our guests to be immersed in their chose destination and to relax knowing everything is taken care of.

2014-2019

Emerald Cruises launches in 2015 with first Star-Ships. Emerald Sky and Emerald Star, welcoming guests to the Rhine, Main and Danube, Over the next six years the fleet expands to include ships on the rivers of the South of France, Douro River in Portugal as well as Emerald Harmony on the Mekong River in Asia.

2013 - 2016

Scenic further expands is River sailing in Europe and Asia. To the magical South of France followed by Portugal and Myanmar.

2022-2023

We invite you to learn more about our history and heritage:

Emerald Cruises first 100 guest luxury yacht. Emerald Azzurra sails to the Mediterranean for her inaugural season followed by Emerald Sakara in 2023.

2019-2023

Scenic Group sets the benchmark in ultraluxury cruising with the launch Scenic Eclipse. A polar class, 6-star vessel which sails the entire globe.

2023-2024

Scenic Eclipse II is launched. With its inaugural sailing from Barcelona to Lisbon and brings about a new era of Discovery Yacht cruising in unrivalled ultra-luxury.

2008

Scenic Group enters the world of ship building. With a desire to customise ships tailored to the Scenic guest came the first Scenic Space-Ship

1986

2006

Scenic sets sail on Europe River cruising.

Warrnambool Scenic Tours commences tours to the Great Ocean Road. Scenic Group expands into Australia and New Zealand luxury land journeys by 1992

2024

In 2024 the Scenic Eclipse II embarked on her maiden season in Australia and visited Newcastle, Australia where Scenic Group was founded 38 years ago. During 2024 Scenic Eclipse II made voyages to the Kimberley, South Pacific, Indonesia, New Zealand and East Antarctica.

Scenic charters ships along Europe’s historic waterways giving guests a new way to explore the European continent.

1999

Scenic Group goes International. Scenic Group quickly becomes a leading tour operator, escorting guests to Canada and Alaska as well as across Europe, Russia, Africa and South-Central America.

2025 & Beyond

Scenic Group will be expanding its fleet of river and ocean vessels in the coming years.


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IMPACT REPORT 2024

Our Business

Business Model & Value Chain Experience Curation Our journey begins with the thoughtful curation of experiences that blend cultural authenticity, local partnerships, and destination insight. From the earliest planning stages, including innovative ship design, we focus on crafting immersive journeys that deliver unforgettable moments and set the stage for the ultimate guest experience.

Tailored Shipbuilding Each vessel begins with a vision, purposebuilt to deliver immersive, luxurious journeys. Our shipbuilding process combines innovative technologies with meticulous design to ensure every detail reflects our commitment to comfort, sustainability, and elegance. From sleek engineering to thoughtfully curated interiors, our ships are crafted to set the highest of standards in luxury travel.

Sourcing To deliver exceptional experiences to our guests, we rely on a diverse and carefully managed supply chain. From locally sourced gourmet ingredients and premium linens to fuel procurement and staff uniforms, we aim to ensure every element is thoughtfully selected to reflect our commitment to quality, sustainability, and responsible operations.

Operations Delivering excellence requires seamless coordination behind the scenes. From partner airlines, hotels, and tour operators to vessel navigation, engineering, and onboard hospitality, our dedicated teams work tirelessly aiming to ensure every aspect of the journey runs smoothly, creating unforgettable experiences for our guests at every step.

People & Workforce At the heart of our business is our dedicated workforce. Supporting our people is essential to our continued success. Through fair employment practices, ongoing training and development, and a strong focus on safety and wellbeing, we aim to ensure our teams are equipped, empowered, and cared for, keeping our operations running smoothly and our standards high.

Marketing & Sales Through digital platforms, traditional media, strategic partnerships with travel operators, and compelling brand storytelling, we aim to attract new guests and foster loyalty among existing ones, by showcasing the unforgettable experiences that define Scenic Group.


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IMPACT REPORT 2024

Ethics & Conduct

Ethics & Conduct At Scenic Group, integrity, responsibility, and ethical business practices are at the core of how we operate. Our commitment to these principles is embedded in the Scenic Group Code of Conduct, which sets out clear expectations for all business activities and interactions with employees, guests, suppliers, and other stakeholders. The Code applies to everyone representing Scenic Group, including employees, contractors, and consultants, regardless of their role or employment status. All Scenic Group employees have access to our Code of Conduct through our centralised system, with core guest facing employee groups required to complete an onboarding process that includes an introduction to the Scenic Group Code of Conduct as well as other key corporate policies.

“

Maintaining the highest standards of integrity, responsibility, and ethical business conduct is fundamental to Scenic Group’s operations. Damien Thomas Chief Operating Officer Scenic Group

We take any breach of the Code seriously, with appropriate disciplinary action taken in line with our Disciplinary Policy to uphold the trust placed in us by our people and our partners. Our Code of Conduct outlines expectations around ethical business practices, including the management of gifts and hospitality, political contributions, conflicts of interest, personal gain, and accurate record-keeping. The Code of Conduct prohibits political contributions (directly or through trade associations) unless approved by the Chief Operating Officer of Chairman and Founder. Scenic Group is also taking further steps to strengthen our governance framework. In 2025, we will introduce a dedicated Anti-Corruption and Anti-Bribery Policy, designed to address compliance with jurisdictional laws. The policy will also formalise mechanisms for whistleblowing, reinforcing our commitment to transparency and accountability across all areas of our operations. An assessment of functions considered ‘at risk’ will be conducted alongside the rollout of mandatory AntiCorruption and Anti-Bribery Policy training. In addition, this training will be offered on a voluntary basis to all other employees across the organisation. During the 2024 reporting period there were zero instances of violations of anti-corruption and antibribery laws within Scenic Group’s operations. Scenic Group is committed to protecting the privacy and security of the personal information entrusted to us by our guests, employees, and partners. We adhere to robust privacy policies and data protection practices designed to safeguard personal data and ensure compliance with applicable privacy laws and regulations across all the regions where we operate.


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IMPACT REPORT 2024

Governance & Risk Management

Ethics & Conduct

Scenic Group Senior Leadership Team

Glen Moroney Our leadership team is responsible for overseeing the overall corporate governance, business conduct and strategic direction of Scenic Group, including guiding company operations and shaping our risk management approach. The team is dedicated to maximising performance, creating value, and ensuring the long-term growth and success of Scenic Group. From time to time, our leadership team establishes dedicated committees to help fulfill their responsibilities effectively. To support the management of sustainabilityrelated priorities, an Environmental, Social, and Governance (ESG) Steering Committee has been formed. This committee includes management representatives from across Scenic Group global operations and meets quarterly to address key sustainability topics, including mandatory carbon regulations, and to oversee performance against a range of environmental metrics. As a core member of the ESG Steering Committee, our Director of Sustainability and Delivery plays a key role in shaping and communicating Scenic Group’s sustainability strategy. This direct line of communication ensures that management representatives across global operations not only understand the corporate sustainability direction but are also empowered to adopt and drive sustainable practices within their respective areas.

Founder & Executive Chairman

David Anastasi Chief Financial Officer

Damien Thomas Chief Operating Officer

As the founder of Scenic Group in 1986, Glen has spent 39 years at the helm, playing a pivotal role in shaping the company’s strategic direction, driving its growth, and establishing key partnerships. He was inducted into the Cruise Lines International Association (CLIA) Hall of Fame in 2015 in recognition of his contributions to the industry. Under his leadership, Scenic Group underwent significant expansion during the 2000s, broadening its ventures and global reach.

David joined Scenic Group in 2014, bringing over 25 years of experience to his role as Chief Financial Officer. He is responsible for driving financial performance and operational efficiency across the business, with expertise spanning treasury management, revenue optimisation, international tax compliance, and legal oversight.

Damien brings over 30 years of experience to his role as Chief Operating Officer at Scenic Group, including previous tenure as the Group’s Chief Financial Officer. He leads operations, customer service, product development along with administration, legal, compliance and governance, people and culture.


13 IMPACT REPORT 2024 OUR APPROACH TO SUSTAINABILITY

Our approach to Sustainability

Our Sustainability Framework We are committed to responsible tourism and protecting the natural environments and communities we visit. Core to our mission is our Cherish the Planet Manifesto which serves as a guiding framework for our sustainability action. Aligned with the UN SDGs, the framework is built around six key focus areas. Together, these six focal points have been aligned to demonstrate the role that we can play in contributing to twelve of the UN SDGs.

Did you know?

In 2015, all United Nations Member States adopted the 2030 Agenda for Sustainable Development, a global blueprint for peace, prosperity, and environmental protection, both now and for future generations. At the heart of this agenda are the 17 Sustainable Development Goals (UN SDGs), which serve as a universal call to action for all countries, both developed and developing, to work together in partnership. The UN SDGs are designed to address the world’s most pressing challenges. They acknowledge that ending poverty must go together with strategies that improve health, education, and equality, drive economic growth, and combat climate change, while protecting our oceans, forests, and natural ecosystems.

“ Cherish the Planet

At Scenic Group, it's more than sustainability, it is a commitment to positive change.

Katherine O’Neill Director, Scenic Group Global Marketing & Branded Content


IMPACT REPORT 2024

Our approach to Sustainability

Cherish the Planet – Six Pillars of Focus

SA

PR

Cherish the Planet

O

SP

ER

IT Y

GR CO O W M IN G M UN W IT H IT I ES

Reducing Our Waste We are constantly looking at ways we can reduce the amount of waste we generate.

UN SDG ALIGNMENT

CO2 Pillar 2

Addressing CO2 Emissions We work with consultants to measure our carbon footprint and assist us in setting and developing emissions reduction strategies. UN SDG ALIGNMENT

Pillar 3

RED UCIN G OUR W A S T E

PLE

PLA N ET

SOURC ING

Y

O PE

GR O W VAL FROM UE DIV W ER ITH SI T

IN

TH E AL Y IT EH AT ECUR C VO Y & S D A ET F

SUSTAINABLY

14

Sourcing Sustainably We aim to source sustainably, supporting communities and minimising food storage and transportation impacts. UN SDG ALIGNMENT

NG S SI ES ION R S ADD MIS E C0 2 CO

Pillar 4

2

Growing with Communities We are committed to respectful cultural interactions and to ensure local businesses benefit from our visits.

UN SDG ALIGNMENT

Pillar 5

Grow from Within Value Diversity Our people are at the very core of every memorable journey. We treat all crew and employees equally, regardless of identity.

UN SDG ALIGNMENT

Pillar 6

Advocate Health, Safety & Security We foster a supportive workplace focused on well-being, offering continuous training to embed our Cherish the Planet ethos.

UN SDG ALIGNMENT


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IMPACT REPORT 2024

Our approach to Sustainability

Scenic Experiences In addition to our global office locations, Scenic Group operates three distinct types of guest experiences, each with unique operational demands, waste and water profiles, energy consumption patterns, and associated greenhouse gas (GHG) emissions.

Ocean With Scenic Groups two Discovery Yachts, guests experience 6-star ocean cruising as they are taken further across 350 ports, through 49 countries and all seven continents. This is further complemented by the Emerald Yacht Cruises’ luxury vessels, Azzurra and Sakara, which offer refined voyages through the Mediterranean.

River Our river cruises take our guests to extraordinary regions, while immersing you in the rich history, local cultures, and culinary delicacies to create moments that will be cherished for years to come.

Land Scenic Group’ s 5-star land journeys allow for in-depth exploration at a relaxed pace. From luxury accommodation to all sightseeing, experiences and activities, transfers and even tipping, everything is taken care of.


16 IMPACT REPORT 2024 CHERISH THE PLANET

1. Reducing Our Waste At Scenic Group, we recognise that responsible waste management is critical to the health of our oceans and the communities we visit. Through our Cherish the Planet framework, we aim to minimise waste and promote circular economy practices. Our integrated waste management approach focuses on prioritises minimising food waste, and reducing plastics supported by onboard waste consolidation technologies. We also place a strong emphasis on the management of wastewater generated from our operations, supported using advanced onboard treatment systems to ensure it is handled responsibly and in line with environmental standards. With an aim to drive continuous improvement, we maintain a comprehensive database to track and measure waste streams across both our River and Ocean operations.

UN SDG ALIGNMENT

Cherish the Planet


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IMPACT REPORT 2024

Cherish the Planet

Solid Waste In line with the MARPOL convention requirements, all Scenic Group Ocean vessels operate under a dedicated Garbage Management Plan. This includes written procedures for how waste is minimised, collected, stored, processed, and disposed of, using the equipment available on board to ensure compliance and environmental protection. Waste management on inland waterways is governed by national and regional regulations. As part of our commitment to continuous improvement and establishing consistent waste management practices across all operations, we will develop and implement a dedicated garbage standard operating procedure in 2025. We have transitioned away from single-use toiletries on board our vessels, replacing them with refillable dispensers. This shift not only helps reduce plastic waste and environmental impact but also aims to deliver cost savings through bulk containers being more economical per unit of volume and reduced logistics and labour related to inventory management.

Did you know? Ship-generated waste in the marine environment is regulated by the International Maritime Organization (IMO), a specialised agency of the United Nations responsible for setting global standards for safe, secure, and environmentally responsible shipping. One of the key treaties overseen by the IMO is the MARPOL Convention, which aims to prevent pollution from ships. Specifically, MARPOL Annex V focuses on reducing and eliminating the discharge of garbage into the sea.

Personalised Experience Onboard our Scenic Eclipse vessels, we introduced using decanters in guest accommodations in place of traditional minibar items. With our onboard butlers personalising the spirit selection to each guest’s preferences, we are not only elevating the luxury experience but also significantly reducing waste. Given the success of this initiative, we plan to expand it to the Scenic Spirit in 2025.


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IMPACT REPORT 2024

Cherish the Planet

We recognise the environmental harm caused by microplastics in personal care products. That’s why we do not purchase any liquid toiletry products for our onboard guest suites and amenities containing plastic exfoliating microbeads. For 2024, noticeable improvements of approximately 27% were observed for plastic waste intensity per guest across our ocean operations, reflecting the success of some of the initiatives that we have in place to minimise the use of plastic onboard.

Waste Performance Oceans Chart 2024 TOTAL WASTE OCEAN OPERATIONS m3

2023 TOTAL WASTE OCEAN OPERATIONS m3

Plastic

874

847

Food Waste

2163

1410

Domestic Waste

2475

2080

Cooking Oil

13

23

Incinerator Ash

4

13

Operational Waste

289

306

Electronic Waste

12

13

Hazardous Waste

41

9

“

For our onboard spa services, we use exfoliation products made exclusively with naturally sourced ingredients, including salt, jojoba oil beads, and diatomaceous earth.

Petra Bacic Senior Purchasing Coordinator Ocean F&B and Consumables

Plastic m3 /guest

0.047 2024

0.064 2023


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IMPACT REPORT 2024

Cherish the Planet

Plastic Waste

Plastic Waste Reduction Targets

Across our ocean fleet, both Scenic Eclipse and Emerald Azzurra achieved notable reductions in plastic waste, 28% and 11% respectively. As Scenic Eclipse II and Emerald Sakara only commenced operations in 2023, full-year comparative data is not yet available. However, guest intensity metrics provide early insight into performance trends. For Scenic Eclipse II, plastic waste intensity (measured in m³ per guest) increased by 7%, whereas Emerald Sakara recorded a significant 58% reduction in plastic waste intensity between reporting periods.

As part of our ongoing sustainability commitments, we have established specific performance targets for ocean vessel Emerald Azzurra and two of our river vessels operating in Portugal, the Scenic Azure and Emerald Radiance. These targets focus on achieving year-on-year reductions in solid plastic waste generated on board, measured in cubic metres of plastic waste per day. We successfully exceeded our reduction target for both our Ocean and River vessels for the 2024 reporting period.

Plastic Waste Performance Chart

Plastic Waste Reduction Targets

253m3

EMERALD AZZURRA

50

100

0.4 0.3

150

200

250

300

2024 Intensity m3 per guest2 trend Scenic Eclipse I Scenic Eclipse II

0.0

-22% -58%

Emerald Azzurra

0.02 0.00

EMERALD AZZURRA

Sakara

0.0992m3

0.04

0.2 0.1

-37% +7%

0.06

0.6929m3

0

2024

0.78m3

127m

2023

0.08

0.5

140m3 3

0.10

0.6 284m3

SAKARA

0.1017m3

0.7

0.12

Annual / Future 2025 Target

0.0781m3

162m3

2024 Performance 0.1043m3

0.8

286m3

SCENIC ECLIPSE II

0.7415m3

0.8m3

273m3

0.7605m3

2023 Performance

196m3

SCENIC ECLIPSE I

0.103m3

Oceans Plastic Waste Performance

SCENIC AZURE & EMERALD RADIANCE

Food Waste In 2024, our ocean vessels recorded a 53% increase in total food waste compared to 2023. While a rise in guest numbers contributed to this overall increase, we also observed an approximate 8% increase in food waste intensity per guest, highlighting an area for further focus and improvement. Our team has already begun proactively developing solutions, including a recent project focused on using the entire banana, skin and all. See our case study for more details on this innovative approach.

2

Based on average pax per day over the reporting year


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IMPACT REPORT 2024

Cherish the Planet

Case Study: The Whole Banana Did you know, around 119.83million tons of bananas are produced worldwide annually. Most of the waste produced from banana consumption comes from the peel, which makes up 30% to 40% of the weight. Banana peel waste contains carbon-rich organic compounds that can take up to two years to decompose and biodegrade3. On board our yachts our chefs are always looking for innovative ways to maximise storage efficiencies and minimise food waste. Concerned about the large volumes of waste generated from banana peels our chefs set about finding ways to utilise the peel. Banana peels are packed with nutrients, they’re rich in dietary fibre, protein, and carbohydrates. They also contain important minerals, as well as essential amino acids. On top of that, banana peels provide healthy unsaturated fats4. After months of experimentation, our chefs discovered creative ways to not only make banana peel edible, but to transform it into something surprisingly delicious! Our new 100% banana dish is now a highlight on our Chef’s Table Menu on the Scenic Eclipse Discovery Yachts, showcasing the versatility of the banana and the creative ways its different parts can be used. With this dish, we’re not only reducing food waste and optimising onboard storage but also giving our guests a memorable experience that highlights sustainability in action.

3 4

Forbes 2022 Azarudeen & Nithya, 2021

“

As a chef aboard ultra-luxury expedition ships, we walk a fine line between offering an exceptional range of fine food and beverages and working within the limitations of onboard storage and capacity. The key to success comes down to a few essentials: careful organisation and clear recipes, precise provisioning calculations, and a sustainability mindset.

Tom Goetter Vice President Hotel Operations Scenic Ocean


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IMPACT REPORT 2024

Cherish the Planet

Waste Performance Rivers

Unlike for our ocean operations, our river operations are not governed by MARPOL regulations, and we continue to advance our efforts to set and uphold consistent environmental standards across all areas of our business.

2024 TOTAL WASTE RIVER OPERATIONS m3

2023 TOTAL WASTE RIVER OPERATIONS m3

Plastic

480

802

Food Waste

2802

1957

Domestic Waste

6707

6130

Cooking Oil

1764

2270

Incinerator Ash

660

463

Operational Waste

543

198

Electronic Waste

126

555

Hazardous Waste

194

76

As a result, we see opportunities to further strengthen our waste segregation and measurement practices. In 2023, we began introducing new measurement processes, though we acknowledge these are still evolving and have room for greater completeness and consistency. Based on the data that we have collected for our river operations to date, overall plastic waste is observed to have reduced by 40% between 2023 and 2024, reflecting the positive impact of targeted plastic waste reduction initiatives. However, we observed an overall increase in food and domestic waste during the same period. This coincided with a 22% rise in guest numbers in 2024 compared to 2023. However, food waste intensity per guest rose from 0.033m³ to 0.039m³, highlighting the need for continued focus on food waste management as guest volumes grow. We have observed a 32% reduction in cooking oil waste along with a 77% reduction in grease from the galley grease separators on board. Looking ahead, we are committed to taking a leadership role and driving waste management and data collection improvements in an area where regulations and enforcement are still limited.


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IMPACT REPORT 2024

Cherish the Planet

Wastewater Wastewater is generated from a variety of onboard activities that support daily operations and guest comfort. Managing wastewater onboard is just as critical as managing our other waste streams. If not properly treated, wastewater can harm the natural environments that are central to the immersive experiences we offer our guests.

Did you know?

Wastewater Ocean Performance 2024 TOTAL WASTEWATER OCEAN OPERATIONS m3

2023 TOTAL WASTEWATER OCEAN OPERATIONS m3

Advanced Wastewater Permeate (AWWP)5

74238

60265

Biomass (Sludge from the AWWP)

1829

1949

Grey Water

13503

9992

Oil Water Separator <15ppm

798

579

Bilgewater (ashore)

103

9484

Sludge (ashore)

319

498

Our ships generate two main types of wastewaters: black water and grey water. Black water refers to sewage from toilets, urinals and medical facilities, while grey water comes from everyday activities such as cleaning and bathing. This includes untreated water from drainage from sinks, showers, laundry, baths, and washbasins.

Ocean Operations In our Ocean operations, black water management is regulated under MARPOL Annex IV, which forms part of the broader MARPOL Convention aimed at preventing pollution from ships through the proper handling of sewage. While grey water is not specifically regulated under MARPOL, it is subject to various local and regional requirements. The same applies to inland waterways, where wastewater management is guided by national and regional laws. At Scenic Group we have adopted a proactive approach, implementing comprehensive management practices across our fleet to ensure a consistent and responsible standard of wastewater management, regardless of jurisdiction. For our ocean vessels, treated wastewater (AWWP) increased by 23% in the 2024 reporting period compared to 2023. However, this rise aligns with a 42% increase in guest numbers. When considering wastewater intensity per guest, we observed an approximate 13% decrease in 2024 compared to the previous year, reflecting improved efficiency.

5

AWWP includes both grey and black water.

Our results show a 13% decrease in wastewater intensity for our ocean vessels in 2024.


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IMPACT REPORT 2024

Cherish the Planet

River Operations

Grey Water Performance Targets

For our river vessels, wastewater6 intensity per guest increased by 9% in 2024 compared to the previous reporting year.

As part of our sustainability commitments , we have in place set greywater management performance targets for one of our Ocean vessels, the Emerald Azzurra and two of our River vessels operating in Portugal, the Scenic Azure and Emerald Radiance. These targets are focused on a year-on-year reduction in greywater permeate generated on board and use the metric cubic metres of greywater permeate9 per day. For both our Ocean vessel and both River vessels we have met and exceeded the annual target commitment for the 2024 reporting period.

Similar to our waste data, the measurement and reporting of wastewater from our river vessels is continuing to mature as we refine our methodologies. Unlike our ocean vessels, river vessels are not subject to the same level of regulatory oversight, which presents both challenges and opportunities as we work toward more consistent and robust reporting practices.

30

7.88m3 8

7.49m3

3 731m 731m3 3 3 3,150m3,150m

7.69m3

3 3 3,663m 3,663m 3 3 3,705m3,705m

28.72m3

Wastewater Wastewater Rivers Rivers Performance Performance

27.3m3

Grey Water Target Performance 28m3

Wastewater Rivers Performance

7

25

6 20

5 4

15

3

3 3 95,203m 95,203m

24.297m3

5 3 3 12,6363m 12,6363m

26.581m3

10

0

Advanced Wastewater Permeate (AWWP)7

2023 Performance10

Biomass (Sludge from the AWWP)

2024 Performance

Bilge water

Annual / Future 2025 Target

This includes AWWP only and does not include bilge water or biomass/sludge. For Rivers AWWP is inclusive of both grey and blackwater. 8 Bilgewater is disposed of ashore 9 Grey water permeate associated with these targets does not include pool water or ruptured pipe water. 10 2023 performance data have been updated due to a previous drafting error 6 7

1 0

EMERALD AZZURRA

8

2

7.5541m3

2023 TOTAL 2023 TOTAL WASTEWATER WASTEWATER RIVER RIVER OPERATIONS OPERATIONS

7.96m3

2024 TOTAL 2024 TOTAL WASTEWATER WASTEWATER RIVER RIVER OPERATIONS OPERATIONS

SCENIC AZURE & EMERALD RADIANCE


24

IMPACT REPORT 2024

CO2

2. Addressing CO2 Emissions

Pillar 2

As a global tourism operator, we recognise the business imperative to act, both to safeguard our operations and to contribute meaningfully to global climate goals.

UN SDG ALIGNMENT

Cherish the Planet


25

IMPACT REPORT 2024

Climate Change Mitigation At Scenic Group, we acknowledge the growing impacts of climate change on the environments we explore, the communities we engage with, and the future of travel itself. As a global tourism operator, we recognise the business imperative to act, both to safeguard our operations and to contribute meaningfully to global climate goals. We are committed to conducting a climate risk assessment for our business to better understand how climate change may affect our operations. This insight will enable us to proactively mitigate risks, adapt to changing conditions, and identify opportunities for innovation and resilience across our business. We are already making meaningful progress in our efforts to support climate mitigation. Since 2019, we have been actively monitoring our energy consumption and associated greenhouse gas (GHG) emissions, providing a solid foundation for action. We have also established a series of reduction targets, which we are working towards as part of our broader sustainability commitments. These targets have been approved by our senior leadership team and are focused on specific vessels within our river and ocean operations with the aim to reduce the Scope 1 carbon intensity associated with the number of passengers and Available Passenger Cruise Nights (APCN)11. We are continuing to work on defining broader targets that are compatible with objectives of the Paris Agreement as it aims to limit global warming to a 1.5o above preindustrial levels.

Cruise Night is defined as a night where the ship can sail with or without passengers. This includes relocation days/nights. This does not include days/nights where the ship is in Drydock.

11

Cherish the Planet


26

IMPACT REPORT 2024

Cherish the Planet

Energy Use The primary energy sources used across our entire operations include electricity, gas, steam, marine fuel, and aviation fuel. Since 2019, our Ocean operations have expanded with the introduction of four new vessels: Scenic Eclipse, Scenic Eclipse II, Emerald Azzurra and Emerald Sakara.

At present, our measured electricity13 , steam, and gas consumption are primarily associated with our office operations. Electricity use has remained relatively stable between the baseline and current reporting periods, with fluctuations observed between 2021 and 2023 largely due to the gradual recovery following the global COVID-19 pandemic. For gas14 consumption, we have recorded a 44% reduction between the baseline year and the 2024 reporting period. In 2020 Scenic Group’s operations were effectively closed due to the COVID-19 pandemic, no data has been collected for this period.

The Scenic Discovery Yachts allow guests to experience the far reaches of the world in ultra luxury, from the Arctic and Antarctic to the Mediterranean and Caribbean. This operational growth is reflected in the significant increase in marine fuel consumption when comparing our 201912 baseline year to the current reporting year of 2024.

2019 was selected as baseline year due to it being a pre-covid year and reflective of more normal operations. During the reporting period operated 15 offices globally, for three of those offices estimates of electricity consumption have been made due to supplier invoice data not currently being available. 14 Three of the 15 offices reported gas consumption during the reporting period, data presented is based on estimates due to suppler invoice data not currently being available for these locations. 15 1 fuel oil equivalent @kilolitre = 11.1660077736 MWh, 1 aviation gas equivalent @kilolitre = 33500 MJ, 1 MWh = 3600MJ. 16 Purchased or acquired electricity, heat, steam, or cooling from fossil sources is based on office consumption only and does not currently account for shore power electricity used for Scenic Group’ s vessels 12

As a next step toward aligning with the ESRS climate change disclosure requirements, we plan to estimate our potential locked-in emissions, that is, the future emissions expected from our ocean and river vessel assets over their operational lifetimes. Gaining this insight will help us assess how these emissions may impact our ability to meet future targets and guide the development of strategies that aim to effectively manage them going forward.

ergy formance pe UseEnergy Performance By Fuel UseType Performance By Fuel Type By Fuel Type

Energy Use Performance

2021

2022

50

200

33MWh

50

33MWh

50

600

400

400

200

200

883MWh

1

652MWh

800

733MWh

883MWh 875MWh

1000

600

643MWh

652MWh

733MWh 87MWh

600

800

86MWh

800

86MWh

100

1000

158MWh 87MWh 883MWh

198MWh 86MWh

100

158MWh 87MWh

198MWh

150

158MWh

150

87MWh

4,031,212MWh

1000

400

0 0 0 0 0 0 0 0 TOTAL FUEL ENERGY CONSUMPTION FROM CONSUMPTION FROM CRUDE NERGY CONSUMPTION TOTAL ENERGY FROM CONSUMPTION CONSUMPTION FROM FROM CRUDEFUEL CONSUMPTIONFUEL FROM CRUDE FUEL CONSUMPTION FUEL CONSUMPTION FROM CRUDE FROM 15, 16 15, 16 15, 16 ALL FOSSIL FUEL SOURCES OIL AND PETROLEUM OSSIL FUEL SOURCES ALL FOSSIL FUEL SOURCES OIL AND PETROLEUM PRODUCTS OIL AND PETROLEUM PRODUCTS OILPRODUCTS AND PETROLEUM NATURAL PRODUCTS GAS

2019

198MWh

86MWh 4,350,005MWh

100

200

33MWh

50

1000

200

150

33MWh

2000

4,350,005MWh 158MWh 1,609,726MWh

100

4,031,212MWh

198MWh

4,350,005MWh

4,031,212MWh

150

459,952MWh

1000

3000

200

1,696,358MWh 1,609,726MWh

2000

4000

459,952MWh

1000

3000

(’000MWh) 5000 200

1,696,358MWh 1,609,726MWh

2000

1,696,358MWh 4,350,005MWh

3000

459,952MWh

1000 1000

460,638MWh

1000

2000 2000

460,638MWh

460,638MWh

2000

3000 3000

4,031,212MWh 4,350,967MWh

4000

1,609,726MWh 4,031,941MWh

4000

4,350,967MWh 459,952MWh 1,610,455MWh

4000 4000

4,031,941MWh

4000

4,350,967MWh

(’000MWh) 5000

1,697,439MWh 1,610,455MWh 1,696,358MWh

(’000MWh) 5000

4,031,941MWh

(’000MWh) (’000MWh) 5000 5000

1,697,439MWh 1,610,455MWh

0MWh) 5000

3000

13

0 0 0 0 0 FUEL CONSUMPTIONFUEL FROM CONSUMPTION OFFROM PURCHASED ORCONSUMPTION ACQUIRED ELECTRICITY, CONSUMPTION FUEL FROM CONSUMPTION OF PURCHASED CONSUMPTION OR ACQU OF CO P NATURAL GAS HEAT, STEAM, SOURCES NATURAL GAS NATURAL GASOR COOLING FROM FOSSIL HEAT, STEAM, OR 16 COOLING HEAT, STEAM, FROM FOS OR

2023

2024


27

IMPACT REPORT 2024

Cherish the Planet

Energy Intensity Trends Case Study: Winter Layover Fuel & Emissions Reduction

Energy Intensity Global Offices

2019

1.87MWh

per office-based employee

2023

0.93MWh

per office-based employee

2024

1.04MWh

per office-based employee

Energy Intensity Vessel Operations

2023

11MWh

per nautical mile

2023

63MWh

per guest

2024

9.9MWh

per nautical mile

2024

55MWh

per guest

During the winter layover period, our River operations team has introduced practical measures to reduce fuel consumption and, in turn, lower GHG emissions across the fleet. In locations without shore power, vessels are positioned side by side so that a single generator can supply power to multiple ships. This approach reduces the number of generators in operation, cutting overall fuel use. Additionally, careful logistical planning minimises the need for vessel manoeuvring during layover, helping to further reduce unnecessary fuel consumption and emissions.

Together, these measures contribute to more efficient fuel use during non-operational periods and support Scenic Group’s commitment to sustainable fleet management. Looking ahead, these practices will be formalised into documented policies to ensure consistency and support continuous improvement.


28

IMPACT REPORT 2024

Cherish the Planet

GHG Emissions We partner with an independent third party to conduct annual assessments of our GHG emissions and have been actively tracking our emissions footprint since 2022. Between our 2019 baseline and the current reporting year, we have observed a 63.6% increase in overall emissions, this is primarily driven by the expansion of our vessel fleet and the growth of our Ocean experiences. In 2020 Scenic Group’s operations were effectively closed due to the COVID-19 pandemic, no data has been collected for this period.

17

Total emissions include measured Scope 1, 2 and 3 emissions, these figures have been rounded up.

Total GHG Emissions

17

2019

2021

2022

2023

2024

103,871

28,262

110,175

153,676

169,950

tCO2e

tCO2e

tCO2e

tCO2e

tCO2e


29

IMPACT REPORT 2024

Cherish the Planet

GHG Protocol To better understand and account for our GHG emissions, we categorise them into three distinct scopes, as defined by the GHG Protocol, the globally recognised standard for GHG accounting. This framework enhances transparency and comparability, while helping us identify priority areas for reduction. The sources highlighted in orange are included in Scenic Group’s emissions inventory.

GHG Emissions

SCOPE 2 INDIRECT

SCOPE 1 DIRECT SCOPE 3 INDIRECT

PURCHASED GOODS & SERVICES

ELECTRICITY CONSUMPTION FROM GLOBAL OFFICES

SCOPE 3 INDIRECT

FUEL CONSUMPTION FROM VESSEL FLEETS AND HELICOPTERS

LEASED ASSETS INVESTMENTS

CAPITAL GOODS

BUSINESS TRAVEL

REFRIGERANT RELEASES FROM AIR CONDITIONING / REFRIGERATORS FOR COMPANY FACILITIES

TRANSPORTATION & DISTRIBUTION

PROCESSING OF SOLD PRODUCTS

FRANCHISES

EMPLOYEE COMMUTE

FUEL & ENERGY RELATED ACTIVITIES

LEASED ASSETS WASTE GENERATED IN OPERATIONS TRANSPORTATION & DISTRIBUTION

UPSTREAM ACTIVITIES

USE OF SOLD PRODUCTS COMPANY FACILITIES

REPORTING COMPANY

END-OF-LIFE TREATMENT OF SOLD PRODUCTS

DOWNSTREAM ACTIVITIES


30

IMPACT REPORT 2024

Cherish the Planet

Carbon Intensity

Total Ocean Cruising

Total River Cruising

Avg tCO2e per customer per night

2019

2021

2022

2023

Total Land Trips

Avg tCO2e per customer per night

2024

2019

2021

.105

2022

.138

.166

Avg tCO2e per customer per night

2023

.116

2024

.106

2019

2021

.070

.350 .432 .495 .592 .657 9.214

2022

2023

2024

.059

.074

.072


31

IMPACT REPORT 2024

Cherish the Planet

Scope 1 Emissions Our Scope 1 emissions primarily arise from the fuel used across our vessel fleet and aviation fuel consumed during helicopter excursions. They also include emissions from refrigerant gases released from air conditioning and refrigeration systems, in our offices. In 2024, Scope 1 emissions accounted for 54% of our total emissions footprint.

As part of our commitment to strengthening climate mitigation efforts, we have established Scope 1 GHG emission intensity targets for one of our ocean vessels, the Emerald Azzurra, and two of our river vessels in Portugal, the Scenic Azure and Emerald Radiance. These targets aim for a year-on-year reduction in tonnes of CO2 equivalent emissions per guest per night. All GHG intensity target commitments set for 2024 have been met.

Emissions Targets River 19

Emissions Targets Ocean 18

18 19

0.190

PERFORMANCE:

0.176

TARGET:

0.188

PERFORMANCE:

0.177

TARGET:

0.177

2024

TARGET:

2023

0.163

tCO2e/pax/night

2022

2022

2023

2024

tCO2e/pax/night PERFORMANCE:

Scope 2 Emissions

Ocean emissions targets and performance are based on the Emerald Azzurra. River emissions targets and performance are based on vessels Emerald Radiance and Scenic Azure.

PERFORMANCE:

0.037

TARGET:

0.038

PERFORMANCE:

0.039

TARGET:

0.040

PERFORMANCE:

0.040

TARGET:

0.040

Scope 2 emissions represent approximately 1% of our total emissions profile and are primarily linked to electricity consumption across our global offices. Compared to the previous 2023 reporting period, we observed a 13% increase in Scope 2 emissions in the current year. While this represents an overall rise, Scope 2 emissions continue to make up only a small fraction of our total emissions footprint.


32

IMPACT REPORT 2024

Cherish the Planet

Scope 3 GHG Emissions As we aim to advance in our GHG accounting practices, we are strengthening our Scope 3 calculations by gathering additional data. We currently calculate emissions for five of the fifteen categories identified in the GHG Protocol as relevant to our value chain; these include:

Category 1

Category 3

Category 5

Category 7

Category 11

Purchased goods and services20

Fuel and energy-related activities (not included in Scope 1 or 2)

Waste generated in operations

Employee commuting

Use of sold products

GHG Emissions Scope Contribution21 METRIC

2019

Category 1 Purchased goods and services

tCO2e

Category 3 Fuel and energy-related activities (not included in Scope 1 or 2)

2021

2022

2023

2024

2698

169

1311

1550

1138

tCO2e

10645

4683

14728

19374

20933

Category 5 Waste generated in operations

tCO2e

27

27

41

36

41

Category 7 Employee commuting

tCO2e

1469

585

1598

1462

1343

Category 11 Use of sold products

tCO2e

41729

1938

27067

45061

53327

Purchased goods and services are only partially measured. Percentage values have been rounded up to the nearest whole value. 22 In 2020 Scenic Group’ s operations were effectively closed due to the COVID-19 pandemic, no data has been collected for this period. 20 21

202022


33

IMPACT REPORT 2024

Cherish the Planet

Overall GHG Emissions Breakdown & Contribution 2021

2022

2023

2024

46157

20206

64175

84633

91403

tCO2e

1146

655

1253

1561

1766

Total Scope 1 & 2

tCO2e

47303

20861

65429

86194

93169

Scope 3

tCO2e

56568

7401

44746

67483

76782

Total Emissions

tCO2e

103871

28262

110175

153676

169950

Meet Kamenko To further advance our energy and GHG emissions efforts, we have recently appointed a dedicated specialist to develop fuel consumption strategies, explore future fuel options and compatibility, and support our ongoing reporting obligations. Kamenko Milat-Pananza has recently been promoted to Technical Manager, Sustainability & Energy, DPA/CSO. In this role, he oversees initiatives related to fuel consumption strategies across the ocean fleet, future fuel research and compatibility, and the reporting of fuel consumption and emissions data to the EU MRV and other regulatory authorities.

METRIC

2019

Scope 1

tCO2e

Scope 2

202023

GHG emissions breakdown tCO2e 24 56,568 56,568 56,568 55% 55%55%

Kamenko’s extensive operational expertise, combined with his strong focus on sustainability and innovation, is instrumental in supporting Scenic Group’s continued commitment to responsible environmental stewardship and safety practices.

46,157 46,157 46,157 44% 44%44%

7,401 7,401 7,401 26% 26%26%

2019 2019 2019

20,206 20,206 20,206 72% 72%72%

44,746 44,746 44,746 41% 41%41%

2021 2021 2021

2022 2022 2022

655 655655 2% 2% 2%

1,253 1,253 1,253 1% 1% 1%

1,146 1,146 1,146 1% 1% 1% 20212021 2021

46,157 46,157 % % 4444

7,401 7,401 % % 2626

20,206 20,206 % % 7272

44,746 44,746 % % 4141

Kamenko Milat-Pananza 2021 2021

64,175 64,175 % % 5858

2022 2022

Technical Manager, 655 655 Sustainability & Energy, DPA/CSO 2%2%

64,175 64,175 64,175 58% 58%58%

67,483 67,483 % % 4444

84,633 84,633 % % 5555

2023 2023

20222022 2022

GHGGHG EMISSIONS EMISSIONS GHG EMISSIONS

GHGGHG EMISSIONS EMISSIONS GHG EMISSIONS

76,782 76,782 BREAKDOWN BREAKDOWN BREAKDOWN % % 4545

91,403 91,403 BREAKDOWN BREAKDOWN BREAKDOWN % % 5454

2024 2024 Scope 1 Scope 2

1,253 1,253 1%1%

146 6 1%

1,561 1,561 1%1%

Scope 3

1,766 1,766 1%1%

2021 2021

2022 2022

2023 2023

2024 2024

GHG GHG EMISSIONS EMISSIONS

GHG GHG EMISSIONS EMISSIONS23

GHG GHG EMISSIONS EMISSIONS

GHG GHG EMISSIONS EMISSIONS

BREAKDOWN BREAKDOWN

In 2020 Scenic Group’ s operations were effectively closed due to the COVID-19 pandemic, no data has been collected for this period. BREAKDOWN BREAKDOWN BREAKDOWN BREAKDOWN BREAKDOWN BREAKDOWN 24 Percentage values have been rounded up to the nearest whole value.

67,483 67,4 6 44% 44


34

IMPACT REPORT 2024

Case Study: Navigating Carbon Compliance Introduced in 2005, the EU Emissions Trading System (EU ETS) is the world’s first and one of the largest carbon markets. (ScienceDirect) In 2024, the EU ETS expanded to include emissions from maritime transport, bringing parts of Scenic Group’s operations under its scope as voyages occur within designated European waters. The EU ETS operates on a “cap and trade” system, where a fixed limit (or cap) is set on the total greenhouse gas (GHG) emissions allowed from participating operators. This cap is gradually reduced each year to align with the EU’s climate targets. Emission allowances, each representing the right to emit one tonne of CO2 e are allocated or purchased, and companies must surrender allowances equal to their actual emissions. For the 2024 reporting period, Scenic Group surrendered 4605.29 tonnes of CO2 equivalent allowances to meet its regulatory obligations under the EU ETS. In addition to these regulatory contributions, Scenic surrendered 6495.22 tCO2e of carbon credits , demonstrating its commitment to going beyond legislative requirements and actively supporting climate action. These carbon credits were sourced through two key initiatives: the Delta Blue Carbon Project and CommuniTree. The Delta Blue Carbon Project is a large-scale effort focused on the protection, restoration, and sustainable management of tidal wetlands. It safeguards 102,000 hectares of existing mangrove forests and is actively rehabilitating an additional 226,000 hectares of degraded ecosystems in the region. In addition, a portion of the credits was sourced from the CommuniTree program, which partners with smallholder farmers across Nicaragua to integrate tree planting into existing agricultural practices. This initiative has created over 200 permanent jobs and thousands of seasonal roles across the country. Notably, 60% of the revenue from carbon credit sales is returned directly to participating farmers, offering a valuable income stream while building strong local engagement and support.

What about the emissions we are unable to reduce? Scenic Group has partnered with Klimate to invest in a Blue Carbon Project with high environmental and societal co-benefits.

Cherish the Planet


35

IMPACT REPORT 2024

Cherish the Planet

3. Sourcing Sustainably Pillar 3

At Scenic Group, we are focused on providing exceptional quality alongside responsible sourcing, with a view to supporting local economies and reducing the environmental impacts associated with our procurement decisions.

“

Sustainable procurement for us at Scenic Group, is the process of purchasing goods and services in a way that considers the economic, environmental, and social impacts of those purchases whilst maintaining exceptional quality. Gordan Delic Purchasing Manager

UN SDG ALIGNMENT


36

IMPACT REPORT 2024

Cherish the Planet

Our Sustainable Procurement Guidelines Our sustainable procurement guidelines have been developed to address key procurement streams associated with our operations and outline expectations related to minimising environmental impacts, ensuring social responsibility whilst selecting options that provide value for money.

Scenic Group Sustainable Procurement Objectives

Reduce Emissions

Minimise Waste

Source Locally

Based on the philosophy of the ISO 20400 Sustainable Procurement Standard, our Sustainable Procurement Guidelines are built around six core principles and six key procurement factors. We are committed to continued engagement and expanding training on these guidelines across our own operations, as well as with our supplier network, with the aim to strengthen sustainable practices throughout our value chain.

Procurement Principles

Procurement Factors

1.

Accountability and transparency

1.

Quality

2.

Ethical behaviour

2.

Safety

3.

Sustainability

3.

Compliance

4.

Collaboration and engagement

4.

Fair Labour

5.

Continuous improvement

5.

Location

6.

Integration

6.

Diversity and inclusion


37

IMPACT REPORT 2024

Managing Environmental Impacts By prioritising the purchase of goods and services that are responsibly produced, packaged, and transported, we can better manage the environmental impacts associated with our operations. Adopting sustainable procurement practices can help limit unnecessary packaging and promote reusable or recyclable materials all of which contributes towards minimising the environmental impacts associated with our purchased goods. Our waste management section in this report highlights several key improvements we’ve made in reducing plastic waste across our operations. One of the standout sustainability initiatives across our fleet has been the introduction of high-quality, refillable stainless steel drink bottles, provided to guests at the start of their journey. Combined with conveniently located onboard refill stations, these bottles help guests stay hydrated while dramatically cutting down on single-use plastic water bottles. Beyond reducing plastic waste, this initiative also helps conserve water resources. Our ocean vessels are equipped with onboard water makers, allowing us to produce our own freshwater and reduce the need for frequent freshwater bunkering in port.

Did you know? Onboard water makers use seawater and convert it into freshwater. The system uses reverse osmosis, which seas the seater water pushed through a fine membrane to filter out salt and other impurities. Water is then further treated with UV and carbon filtration to produce drinkable freshwater, regularly tested to ensure the highest quality.

Cherish the Planet

As part of our sustainability initiatives onboard our two Mekong River vessels, guests are provided with reusable stainless steel water bottles at the start of their journey. At the end of their trip, they are encouraged to return their bottles so they can be repurposed. Collected bottles are returned to our collection points, where they are passed on to the VinaCapital Foundation (VCF) who commercially clean them before distributing them to schools and communities in need. These include locations where the Foundation has previously installed clean water filtration systems and education sessions with Scenic Group.

2nd Life Bottle Program Scenic Spirit

Emerald Harmony

1,187 345 29.06%

2,743 495 18.05%

Bottles given Bottles returned Return rate

Bottles given Bottles returned Return rate


IMPACT REPORT 2024

Cherish the Planet

This approach not only minimises our impact on local water supplies but also reduces the need for repeated freshwater bunkering in port, supporting our broader commitment to environmental stewardship. In 2024, our ocean vessels maintained steady water consumption25 , with usage levels consistent at ~15%26 compared to the 2023 reporting period, and 85% of water used and treated onboard returned to the natural system. For our river operations, we saw notable improvements, achieving an 18% reduction in water consumption compared to 2023, with just 8% of water consumed onboard and 92% safely returned to the environment. For both our river and ocean operations, we observed improvements in water consumption intensity relative to the number of guests onboard. Our water intensity metrics are calculated by dividing the total water consumption over the reporting period by the total number of guests carried during that same period.

Ocean Vessel Water Consumption Intensity

2024

0.087m

3

per guest

2023

0.095m

per guest

3

River Vessel Water Consumption Intensity

2024

0.018m

per guest

2023

0.072m

per guest

3

3

Water consumption refers to the amount of water drawn into the boundaries of the undertaking (or facility) and not discharged back to the water environment or a third party over the course of the reporting period. 26 Percentage values have been rounder up to the nearest whole number. 25

2024

103,458m3 15,717m3 15%

82,169m3 85% 82,169m3

2023

Through our investment in advanced onboard treatment systems, we ensure that this withdrawal is short-term, allowing wastewater to be effectively cleaned and treated before being safely returned to the environment, in compliance with our regulatory requirements, as detailed in the waste section of this report.

Ocean Vessels Water Consumption

11,911m3 15%

70,257m3 85%

River Vessels Water Consumption 136,820m3

2024

Water is one of the most essential natural resources in our operations, and its responsible use is key to our sustainability efforts. When we source freshwater, we temporarily withdraw it from the natural system, making careful onboard management critical.

10,457m3 8%

126,363m3 92% 129,230m3

2023

38

34,027m3 26 %

95,203m3 74%

Total freshwater onboard

Water discharged back into the system

Water Consumed

Ocean Vessels

23,636 2024

2024

79,823

19,065 2023

2023

63,103

Freshwater bunkered in port(m3)

Freshwater bunkered in port(m3)

Freshwater made on-board (m3)

Freshwater made on-board (m3)


39 Cherish the Planet

Sourcing Locally We are committed to sourcing premium, locally produced ingredients to craft gourmet menus that capture the essence of each region we visit. By working closely with local suppliers, we aim to gain valuable insight into what’s in season and build strong partnerships that support the use of fresh, seasonal produce. At Scenic Group we believe that dining is about more than the ingredients on the plate. The story behind the dish can be just as important, adding depth and meaning to the guest experience. To bring this philosophy to life, we’ve developed guidelines for our chefs to design menus that incorporate sustainability principles, aligned with our Sustainable Procurement Guidelines and Cherish the Planet sustainability framework. During 2024 we saw the introduction of sustainable menu inclusions on each of our Scenic Eclipse vessels. We recognise that sourcing locally goes beyond procurement and see it as an opportunity to build meaningful partnerships, strengthening our ties with the communities where we operate. That’s why we aim to work with local suppliers who share our commitment to sustainability and responsible practices.

Cherish the Planet Menu Inclusions

IMPACT REPORT


40

IMPACT REPORT 2024

Cherish the Planet

Case Study: The Impact of Local Partnerships Pour un Sourire d’Enfant In July 2024 Scenic Group, Samai and PSE (Pour un Sourire d’Enfant) signed a memorandum of understanding to build on already existing relationship. Since 1995 Pour un Sourire d’Enfant (which translates to; For a Child’s Smile) has been helping the poorest children in Cambodia by reintegrating them into society and creating a safe and supportive environment in which they can study, learn a trade and become qualified. For over 30 years they have both changed and saved thousands of lives. Samai is Cambodia first ever Premium Rum distillery. Founded under Venezuelan traditions they use high-quality, locally grown ingredients, innovation and passion to create a premium product. Scenic Group had been working with Samai providing exclusive touring inclusions and product creations to help provide exclusive and memorable guest experiences along with and ongoing assistance to PSE.


41

IMPACT REPORT 2024

Case Study: The Impact of Local Partnerships Scenic Group and Samai wanted to do more than raise money and awareness to assist this great cause. One of the most valuable offerings we learned we could provide was to provide training and experience through student placement, vocational training sessions and student apprenticeships to learn valuable trades and skills. This helps students apply the knowledge and skills learned in a professional workplace. In addition to the placements, training and experience we will endeavour to offer employment opportunities to graduated students. At the end of 2024 Scenic Group had 14 employees working onboard our River Vessels and Samai has 3 employees, all of whom came through the PSE school and are working across various departments. The hope is that over the years Scenic Group and Samai can add a lot of value and assistance to the already amazing work PSE is doing. If you would like to learn more about PSE and Samai please click the links on this page.

Cherish the Planet


42

IMPACT REPORT 2024

Cherish the Planet

Ethical Supply Chains The success of our operations relies on a well-coordinated and resilient supply chain. From sourcing fresh food and beverages to ensuring the timely delivery of fuel, spare parts, and guest amenities, the supply chain is essential to delivering a seamless and exceptional guest experience. Equally important, however, is our responsibility to manage these supply chain activities in a way that upholds strong social, ethical, and environmental standards.

Human Rights As a global organisation, we operate across a range of regions with varying regulatory requirements related to human rights and modern slavery. We are committed to continuing to strengthen our practices for assessing modern slavery risks within our supply chains and engaging more deeply with our suppliers to understand how they are embedding responsible and ethical business practices across their own operations and supply networks. To support this ongoing improvement, we will also be delivering internal training for key Scenic Group personnel with purchasing responsibilities.

Modern Slavery Statement In 2025 we will commence preparing our Modern Slavery Statement for our Australian operations in line with the Modern Slavery Act 2018 (Cth). The Modern Slavery Act 2018 (Cth) requires certain entities operating in Australia to report annually on the risks of modern slavery in their operations and supply chains, and the actions taken to address those risks. The Act is part of a global movement toward greater transparency and accountability in corporate supply chains, aimed at reducing forced labour, child labour, human trafficking, and related exploitation.

Payment Practices

Animal Welfare

As a global company operating across numerous jurisdictions, Scenic Group must navigate a diverse landscape of payment practices, obligations, and regulatory requirements. These can vary significantly between countries and regions, reflecting differences in legal frameworks, cultural norms, and industry standards. We are committed to upholding fair, timely, and compliant payment practices across all our operations, ensuring we meet both local requirements and the expectations of our partners and stakeholders.

A unique and meaningful part of the Scenic Group experience is the opportunity for guests to connect with the natural world, including responsible animal encounters. We take animal welfare seriously and are guided by five core principles that shape our approach:

Scenic Group’ s standard contract payment terms are payment on receipt of an invoice for goods and services which encompasses approximately 100% of our annual invoices by value. We are committed to paying for goods and services received within 60 days after receipt of the invoice which are 100% of our annual invoices.

1. Minimising harm 2. Ensuring the coexistence of animal welfare and luxury travel 3. Educating guests and suppliers

4. Driving continual improvement

5. Keeping wild animals wild

In 2025, we will formalise this commitment through the launch of the Scenic Group Animal Welfare Policy. This policy will clearly outline our standards and expectations and will require our partners to demonstrate both their capability and commitment to upholding high standards of animal welfare.


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IMPACT REPORT 2024

4. Growing with Communities Pillar 4

At Scenic Group we are committed to strengthening the positive impact we have on the local communities where we operate. Works are underway with an aim to be able to offer at least one Cherish the Planet experience on every guest itinerary, providing essential food, health, and clothing supplies, supporting clean water and sanitation initiatives, and contributing to local training and education programs.

Focus Areas 1. Cherish the Planet Guest Experiences

2. Food, health and clothing supplies

3. Clean water and sanitation

4. Training and education programs

UN SDG ALIGNMENT

Cherish the Planet


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Touring Inclusion Principles To support our commitment to providing touring inclusions aligned with our Cherish the Planet sustainability framework, we have developed a guidance document that outlines seven key principles for our guest experiences to align with, encompassing a holistic approach to responsible tourism.

1. Carbon Conscious

2. Cultural Interaction

3. Social Impacts

4. Making a Difference with Accredited Partners

Minimise GHG emission through low carbon experiences.

Enable meaningful and respectful cultural interactions between local communities and our guests

Allocating a portion of the tour price to local programs focused on the social needs of the community.

Support accredited charities with monetary donations, included in tour pricing.

5. Engagement and Consultation

6. Future Sustainability

7. Circularity

Engage and consult with local representatives and support fair and equitable benefits to whole communities.

Considering cumulative impacts of tourism and ensuring long term viability of communities

Incorporating reduce, reuse, recycle and circular economy practices into touring options.


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IMPACT REPORT 2024

Case Study: Cherish the Planet Guest Experiences: Egypt As part of our commitment to sustainable tourism and community engagement, Scenic Group offers guests in Cairo an enriching experience that delves into the city's rich cultural heritage and supports local social enterprises. The journey begins with a visit to the majestic Sultan Hassan Mosque, a masterpiece of Mamluk architecture. Following this, guests explore the Al Qalam Foundation, a youth-led social enterprise dedicated to preserving and promoting Arabic calligraphy and Islamic ornamentation through educational programs and workshops. Here, guests can try their hand at Arabic calligraphy and appreciate the intricate works produced by the foundation. A short walk through the historic Darb al-Ahmar district leads to Bayt Yakan, a restored 18th-century residence that now serves as a cultural hub. Bayt Yakan focuses on preserving local heritage and Islamic architecture from the Mamluk and Ottoman periods. It offers workshops in traditional crafts such as mother-of-pearl inlay, woodwork, and Khayameya (tent-making) art. The organisation also emphasises its commitment to environmental sustainability, having implemented a small solar power station. Scenic Group supports these initiatives by contributing a set amount per guest visit to both Al Qalam Foundation and Bayt Yakan. These contributions aid in preserving cultural heritage, promoting economic viability, and assisting women and children in the Souk El Silah area. This immersive experience not only aims to enrich our guests' understanding of Cairo's cultural tapestry but also aligns with our broader goals of sustainable tourism and community development.

Cherish the Planet


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Work Placement & Continued Support In 2024 we fulfilled our earlier commitment to partner with an NGO in Cambodia to provide work placement opportunities and training for disadvantaged communities. This partnership is highlighted in the Sourcing Sustainably section of this report as a featured case study. In partnership with the Vina Capital Foundation (VCF), Scenic Group continues to support the Clean Water Program, which provides safe drinking water to underserved communities across Southeast Asia. Our collaboration has funded the installation of water filtration systems in schools and villages, including two schools in Vietnam and a clean water system for Chrio Village in Kampong Cham Province, Cambodia.

“

Your support is a profound act of kindness that ensures children now have access to safe and clean water, fostering better health, hygiene, and opportunities for growth. This life-changing contribution not only benefits the children but also uplifts the entire local community, creating a foundation for a brighter future.

Tra Thank Kindergarten

IMPACT REPORT

Update : Clean Water and Sanitation In 2024, we extended the Clean Water Program initiative to Tra Thanh Kindergarten in Tra Bong District, Quang Ngai Province, Vietnam. Tra Bong is recognised as one of Vietnam’s 74 poorest districts. The kindergarten serves 185 children and 17 staff members, primarily from local farming families and labour workers. With approval from local authorities, the water filtration system was installed in December 2024. This system provides potable water for cooking, drinking, and handwashing, aiming to reduce illness and improve attendance and productivity. Children can also take bottles of clean water home, extending the benefits to their families. This demonstrates our commitment to enhancing the quality of life and prospects for members of the communities where we operate.


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IMPACT REPORT 2024

Cherish the Planet

5. Grow from Within / Value Diversity Pillar 5

At Scenic Group we encourage equality, diversity and inclusion amongst our workforce and aim to eliminate unlawful discrimination. Our Diversity, Equality and Inclusion Policy outlines our commitment and approach to ensuring our workplaces are void of discrimination, vilification, bullying and harassment.

“

The aim is for our workforce to be truly representative of all sections of society, and for each employee to feel respected and give their best Natasha Groysman Sr. HR Director, Scenic USA

UN SDG ALIGNMENT


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IMPACT REPORT 2024

Workforce Diversity The seasonality of employment at Scenic Group reflects the unique nature of our operations across land and sea. Our crew members, working on board vessels, are typically employed on a seasonal or contract basis aligned with the operational schedules of our river and ocean journeys. In contrast, our corporate office employees are engaged in ongoing, yearround roles that provide continuity across essential business functions such as planning, sales, marketing, finance, and sustainability. Together, these two employment streams ensure we can deliver seamless guest experiences while maintaining strong operational and strategic foundations throughout the year. Across the Scenic Group in 2024 we had 243127 employees supporting our operations. 27

At the time of this report total employee figures were not available for two of our operational entities.

Cherish the Planet

While we are committed to strengthening the transparency and accuracy of our human capital reporting, we acknowledge that some gaps currently exist in our data. These gaps reflect the complexity of collecting consistent information across diverse regions, business units, and employment types, particularly between our corporate teams and seasonal or contract-based crew. Based on the data available for the reporting period it was observed that 51% of our management team in 2024 were represented by female workers. GENDER

NUMBER MANAGEMENT TEAM

Female

41

Male

39

Diversity Where diversity data was available, our male employees represented 51 % of our employee group and our female employees 49%. Our turnover rate for the reporting period, based on available data was calculated at 19%.

49%

Female Employees

51%

Male Employees


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IMPACT REPORT 2024

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Remuneration Practices

Employee Development & Growth

Our 2024 analysis shows an overall gender pay gap of 11.66%, indicating that the average pay for female employees during the reporting period was 11.66% lower than that of male employees. This is an observed improvement when compared to 2023 performance where the gap was recorded at 15.58%. This is based on data28 available at the time of reporting and reflects the average across all roles within the group and is not a measure of equal pay for equal work, which remains a core principle of our remuneration practices.

At Scenic Group, we recognise the importance of regular performance reviews in supporting employee development and growth. While structured performance reviews are a routine part of the feedback process for many of our corporate staff, who are employed in ongoing roles, they are less common for our seasonal crew members due to the shorter-term nature of their contracts.

Not all entities within the Group were able to report on age group distribution; therefore, the figures presented in this year’s report are based on a subset of our operations, representing approximately 33% of our total workforce for the reporting period. 152 19%

252 31%

For crew, feedback is typically provided on a more informal or operational basis throughout their contract period, focusing on continuous improvement, guest service, and safety. This tailored approach ensures that all employees receive meaningful feedback suited to the nature and duration of their roles. Based on the data available29 for the reporting period 19% of our employees were reported to have participated in regular performance and career development reviews. We provide regular training through our Scenic Group Academy inhouse training platform. The platform hosted over 380 active courses during the reporting period. In addition to the training provided through the inhouse training platform for our internal staff, we also offer e-learning education to our global travel partners.

WORKFORCE AGE DISTRIBUTION

Training Results

401 50%

Under 30

30-50

Over 50

WORKFOCE AGE DISTRIBUTION

52% of the entities providing data were able to report on gender pay gap for the 2024 reporting period and 42% (provided data for the 2023 reporting period (noting that one of these entities did not commence operations until 2024). 29 Performance review data was reported by 36% of the Group entities for the 2024 reporting period. 30 An active user is a user that current and has completed at least one course. 28

2024 2023 383 330 68,060 67,000 3403 3270

Number of active courses Number training hours Number of active users30

As we evolve in our reporting practices, we remain committed to continuously improving our data collection processes and aim to provide a more comprehensive datasets in the next reporting cycle.


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IMPACT REPORT 2024

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6. Advocate Health, Safety & Security Pillar 6

At Scenic Group, the health, safety, and security of our guests and employees are of the highest priority. Our Work, Health, and Safety Statement of Commitment sets out our dedication to maintaining a safe and incident-free environment by regularly identifying hazards, assessing associated risks, and implementing effective control measures.

“

The safety and wellbeing of our guests and crew are at the heart of the Scenic Group experience. From safety training and regular drills to maintaining the high standards of equipment and procedures, we are committed to ensuring every journey is not only unforgettable, but above all, safe. Damir Marcic Safety Superintendent DPA EU Rivers

UN SDG ALIGNMENT


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IMPACT REPORT 2024

Safety Management Systems Our safety management systems cover both onboard operations and office-based activities. For every work activity carried out on our vessels, a detailed risk assessment is conducted in accordance with our risk management framework to ensure all hazards and control measures are carefully considered. These risk assessments are reviewed regularly at defined intervals to keep them current and effective. All crew members receive health and safety training, are provided with appropriate personal protective equipment (PPE) suited to their tasks and are guided on how to report and respond to incidents. Medical first aid facilities are available on all vessels, with key personnel trained in first aid. We maintain a comprehensive reporting system across our vessel operations to record both incidents and accidents involving guests and crew. After the appropriate immediate response is taken, additional corrective actions may be implemented as needed. These may include reviewing procedures, introducing new equipment, conducting targeted training, or raising safety awareness through internal bulletins. As we continue to strengthen alignment with our disclosure obligations, we are actively working to enhance our work health and safety reporting metrics, with the goal of incorporating key results in future sustainability reporting.

Drinking Water Safety To ensure the health and wellbeing of our crew and our guests we undertake continuous halogenation and pH control regularly monitoring this with verified and calibrated equipment.

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Feedback We continually strive to improve our framework, guided by the latest research and user insights. For any feedback or suggestions, please contact:

phil.jordan@scenic.com.au


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