Carnival Corporation & plc

Climate Impact & Sustainability Data (2022)

Achieved a 2% reduction in carbon intensity compared to 2019 (11% reduction for ships in guest cruise operations)
Achieved a 30% reduction in food waste compared to 2019
Used 290 million fewer single-use items compared to 2018
Announced the rollout of Service Power Packages to improve energy and fuel efficiency
Announced the expansion of Air Lubrication Systems to generate savings in fuel consumption and reduce carbon emissions
AIDA Cruises and Holland America Line piloted the use of a blend of marine biofuel

Re-boarded over 100,000 team members to its ships
Welcomed back nearly nine million guests
Renewed focus on travel agent partner relationships and a growing sales force
Broke ground on a new exclusive destination in Grand Bahama Port for Carnival Cruise Line

Reduced capital expenditures by over $500 million compared to previous guidance
Re-prioritized expected spend to reflect the current environment while maintaining commitment to compliance, environmental protection, and safety

Long-term Goals:

Medium-term Goals:

15% reduction in fuel consumption per ALBD in 2023
15% reduction in carbon emissions per ALBD on an annualized basis in 2023 (both compared to 2019)

Uneven reopening of cruise travel around the world following the effects of COVID-19
Impact of the invasion of Ukraine on European countries
Impacts weighed on consumer confidence resulting in greater uncertainty and closer-in booking patterns
High inflationary environment

Strategic deployment decisions to increase closer-to-home and shorter duration itineraries to reduce the friction of air travel, lower the overall cost of vacations, and facilitate a closer-in booking environment
Responsibly relaxed COVID-19 related protocols aligning towards land-based vacation alternatives and strengthening competitiveness
Significantly increased advertising activities
Brands are utilizing pricing philosophies to maximize revenue and sharing best practices
Rebuilding demand by providing extraordinary cruise vacations
Working to optimize the combination of occupancy levels with ticket and onboard prices to deliver revenue growth in the near-term while maintaining price integrity for the long-term
Absorbing and mitigating the impacts of the high inflationary environment

Climate Change Data