Carnival Corporation Announces Significant Sustainability Achievements

World's largest cruise company releases annual report detailing its global sustainability performance and progress, including surpassing several sustainability goals well in advance

MIAMI, FL / ACCESSWIRE / April 10, 2024 / Carnival Corporation & plc (NYSE/LSE:CCL; NYSE:CUK), the world's largest cruise company, today released its 14^th annual sustainability report detailing meaningful progress in its six sustainability focus areas, including toward its highest-priority goals supporting climate action to reduce greenhouse gas (GHG) emissions and promoting a circular economy model to reduce waste. The company achieved several 2030 environmental goals well in advance and is tracking ahead of schedule on a number of other key targets, including GHG intensity reductions. Details are outlined in the full report, titled "Sustainable from Ship to Shore," and available on the company's website at www.CarnivalSustainability.com.

"Thanks to our 160,000 remarkable team members who show up every day with passion and dedication, 2023 was a year of significant accomplishments across the board," said Josh Weinstein, CEO and chief climate officer for Carnival Corporation. "We achieved record-breaking financial performance, welcomed three stunning new ships, expanded our global presence to over 800 incredible destinations and communities, and delivered unforgettable happiness to 12.5 million guests by providing them with extraordinary cruise vacations."

Added Weinstein: "We also demonstrated our continued commitment to leading the way in making cruising more sustainable, marked by amazing progress toward reaching - and in many cases, exceeding - our vital 2030 environmental performance targets. Since we're so aggressively tracking toward all our 2030 sustainability goals, we're evaluating new interim targets along our pursuit of net zero GHG emissions by 2050."

Carnival Corporation Achieves Key 2030 Goals in Advance

As outlined in the 2023 Sustainability Report, Carnival Corporation has reached several key 2030 environmental performance targets years ahead of time in its climate action and circular economy focus areas - major priorities in the company's sustainability roadmap. For example, through decisive and longstanding climate action, the company is producing 10+% less absolute GHG emissions today than in 2011, its peak historical year, despite increasing capacity by roughly 30% since that time. Additionally, reinforcing a circular economy model has led to significant reductions in the volume and impact of waste produced overall. Highlights from the company's 2023 report include:

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