carnival cruise line sustainability report

Brands Logos

• Carnival Cruises
• P&O Australia
• P&O Cruises

Princess Cruises

• Holland America

Transparency & Reporting

• Sustainability Reports
• Key Performance Indicators
• Greenhouse Gas Emission Investory Certification

Our Sustainability Journey

In 2005, we began a corporate-wide Environmental Management System (EMS) initiative. This comprehensive, planned approach to improving our environmental performance resulted, in 2006, in certification of all of our Operating Lines and ships in accordance with the ISO14001 standard. Each Line’s EMS outlines our commitment to compliance with applicable environmental legislation and regulations, and lays the groundwork for addressing the immediate and long-term environmental impacts of our cruises on the ocean, the air, and the natural habitat of our destinations. To further support our environmental strategy in 2018, our Environmental Management System was certified at the corporate level vs. at the individual brand level for the first time, confirming our commitment to consistent, best-practice environment management practices across our brands.

In 2008, we expanded our commitment to transparency by deciding to publicly disclose the environmental, social and governance performance of each of our lines, using the internationally recognized Global Reporting Initiative (GRI) framework, to augment the annual Environmental Management reporting effort that we began in 2005. Since 2009 we are publishing our annual Sustainability Report publically. The publication of our Sustainability Reports enables us to benchmark our collective performance and to identify opportunities for improvement moving forward.

Our sustainability vision includes several important priorities – among them are addressing climate change, improving the quality of our air emissions, protecting the oceans and seas upon which we sail, supporting the communities we visit and providing all employees with a positive work environment and opportunities to build a rewarding career.

In 2015, we announced our 2020 sustainability goals focused on reducing our environmental impacts while enhancing the health, safety and security of our guests and crewmembers and ensuring sustainable business practices across our brands and business partners.

As we continue to define our sustainability strategy and goals for 2030, we are using the United Nations’ 2030 sustainable development goals (SDGs) as our framework. We know that developing the right sustainability strategy for our organization is essential to our business success and reputation.

The reporting process helps us to build upon the multi-year momentum of our sustainability activities and to focus energy on our sustainability direction for each Operating Line as well as for the Corporation, as it allows us to:

• Share best practices and lessons learned among ships and operating companies;
• Identify and address opportunities for improvement;
• Develop mechanisms for closing gaps in accountability and data availability; and
• Set the record straight on how we manage the environmental and other sustainability impacts of our operations.

These reports also help us to focus energy on our sustainability direction for each Operating Line as well as for the Corporation, so that we can continue to build upon the multi-year momentum of our sustainability activities.

Historical Reports

Carnival Corporation & plc began publishing Environmental Management Reports in 2006 (for FY2005). Below are links to these Environmental Management Reports and the Corporate Sustainability Summary for FY2009:

Fiscal Year 2022 Corporate Sustainability Report

Fiscal Year 2021 Corporate Sustainability Report

Fiscal Year 2020 Corporate Sustainability Report

Fiscal Year 2019 Corporate Sustainability Report

Fiscal Year 2018 Corporate Sustainability Report

Fiscal Year 2017 Corporate Sustainability Report 43.3 MB

Fiscal Year 2016 Corporate Sustainability Report 48.9 MB

Fiscal Year 2015 Corporate Sustainability Report 26.2 MB

Fiscal Year 2014 Corporate Sustainability Report 28.3 MB

Fiscal Year 2013 Corporate Sustainability Report 17 MB

Fiscal Year 2012 Corporate Sustainability Report 15.3 MB

Fiscal Year 2011 Corporate Sustainability Report 8.8 MB

Fiscal Year 2010 Corporate Sustainability Report 4.3 MB

2009 Carnival Corporation & plc Sustainability Summary 281.9 KB

2008 Annual Environmental Management Report 1 MB

2007 Annual Environmental Management Report 991 KB

2006 Annual Environmental Management Report 946.9 KB

2005 Annual Environmental Management Report 513.1 KB

LP-GRI Guidelines

The Carnival Brands listed below have also published Sustainability Reports following the GRI Guidelines. Please click on the links below to view each Operating Line report:

AIDA Cruises

Carnival Cruise Lines

Carnival (UK) (Cunard and P&O Cruises)

Costa Cruises

Holland America Line

P&O Cruises (Australia)

AIDA Cruises is the market leader in the German-speaking cruise market. Home of the smile, AIDA Cruises is the epitome of a premium-quality, relaxing cruise and operates one of the world’s most state-of-the-art fleets. Visit: www.aida.de

Carnival Cruise Line, also known as America’s Cruise Line, is a leader in contemporary cruising and operates a fleet of ships designed to provide fun and memorable vacation experiences at a great value. Visit: www.carnival.com

Costa Cruises delivers Italy’s finest at sea, bringing modern Italian lifestyle to its ships to provide guests with a true European experience that embodies a unique passion for life through warm hospitality, entertainment and gastronomy. Visit: www.costacruise.com

Cunard is the epitome of British refinement for travelers who relish the line’s impeccable White Star Service, gourmet dining, world-class entertainment, and the legacy of historic voyages and transatlantic travel. Visit: www.cunard.com

Holland America Line's premium fleet of spacious, elegant mid-sized ships feature sophisticated five-star dining, extensive entertainment and activities, innovative culinary enrichment programs and compelling worldwide itineraries. Visit: www.hollandamerica.com

P&O Cruises (UK) is Britain’s favorite cruise line with a fleet of ships combining genuine service and a sense of occasion and attention to detail, ensuring passengers have the holiday of a lifetime, every time. Visit: www.pocruises.co.uk

P&O Cruises (Australia) provides a quintessential holiday experience for Australians and New Zealanders, taking them to some of the world's most idyllic and hard-to-reach places across Asia and the South Pacific. Visit: www.pocruises.co.au

Princess is the world’s leading international cruise line and tour company operating a fleet of modern cruise ships, renowned for the innovative design and wide array of choices in dining, entertainment and amenities. Visit: www.princess.com

Seabourn provides ultraluxury cruising vacations in a unique, small-ship style that focuses on genuine, intuitive service, all-suite accommodations, superb cuisine and unique experiences in destinations worldwide. Visit: www.seabourn.com

Brands Logos

• Carnival Cruises
• P&O Australia
• P&O Cruises
• Princess Cruises
• Holland America

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News Release

Carnival corporation announces initial 2030 sustainability goals.

MIAMI , June 22, 2021 /PRNewswire/ --  Carnival Corporation  & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced its initial set of 2030 sustainability goals, as part of the company's ongoing commitment to sustainability and compliance throughout its global operations.

Following the achievement of its 2020 sustainability goals, Carnival Corporation has established new sustainability goals for 2030 and aspirations for 2050, incorporating six key focus areas that specifically align with some of the United Nations'   Sustainable Development Goals . These areas include: climate action; circular economy (waste reduction); sustainable tourism; health and well-being; diversity, equity and inclusion (DEI); and biodiversity and conservation.

Detailed below, Carnival Corporation is announcing several new goals, targets and aspirations for 2030 and beyond for two of its six focus areas that will guide its actions to further strengthen its environmental, social and governance performance. Carnival Corporation's sustainability commitments under the climate action and circular economy focus areas include:

Climate Action:

• Achieve a 40% reduction in carbon rate per available lower berth day by 2030, relative to a 2008 baseline.
• Confirmation that the company peaked its absolute carbon emissions in 2011, despite an approximately 20% capacity increase between 2011 and today with an additional 19% capacity increase on order, and a commitment to continue to reduce emissions over time, and identify a pathway to decarbonization.
• Expand its alternative fuels strategy across its liquefied natural gas (LNG) program and battery, fuel cell and biofuel capabilities.
• Deliver a 50% reduction in absolute air emissions of particulate matter by 2030 relative to a 2015 baseline, despite an over 10% capacity increase since 2015 and the additional 19% capacity increase on order.
• Increase fleetwide shore power connection capability to at least 60% of the fleet by 2030.
• Achieve net carbon neutral operations by 2050.

Circular Economy:

• Achieve 50% reduction in single-use plastic items by the end of 2021, relative to a 2018 baseline.
• Achieve 30% per capita food waste reduction by 2022 and 50% by 2030, relative to a 2019 baseline.
• Increase fleetwide coverage of Advanced Waste Water Treatment Systems to at least 75% by 2030.
• Aspire to build zero emissions ships by 2050.

Carnival Corporation will detail additional 2030 sustainability goals and 2050 aspirations covering all six of its focus areas in its 2020 Sustainability Report to be issued later this summer.

Arnold Donald , CEO of Carnival Corporation . "The 2030 goals and our aspirations for 2050 are an important next step in our sustainability journey and support our efforts to establish a path to zero emission cruising over time."

Bill Burke , chief maritime officer for Carnival Corporation : "Our new 2030 sustainability goals demonstrate our ongoing commitment to ingraining sustainability in all aspects of our operations across our nine brands, while providing us clear, measurable targets and metrics to improve our performance and overall efficiency across our shoreside and shipboard operations."

The new set of 2030 sustainability targets and 2050 aspirations build on the momentum of the company's performance relative to its 2020 sustainability goals, which were achieved and in some cases surpassed in 2019, a full year ahead of schedule. As the company continues to work toward the broad restart of guest cruise operations, it is maintaining its focus on its environmental, social and governance performance, including continued progress on its sustainability efforts through the pause in guest cruise operations.

As part of its strategic plan for carbon footprint reduction, the company leads the cruise industry's use of LNG to power cruise ships with a total of 11 next-generation cruise ships that will have joined the fleet through 2025, which will represent nearly 20% of its total capacity, including four ships already in operation. The company also pioneered the use of Advanced Air Quality Systems on board its ships and is promoting the use of shore power, enabling ships to use shoreside electric power where available while in port.

In addition, the company has implemented broad initiatives to optimize onboard energy use, and innovative hull designs and coatings to reduce fuel consumption by minimizing frictional drag, along with trialing innovative technologies for generating power on cruise ships, including battery power and fuel cells.

These efforts, along with a series of others underway, support and strengthen Carnival Corporation's long-term commitment to sustainability, responsible operations and protecting the environment, as outlined in its 2030 sustainability goals and 2050 aspirations. Additional information on Carnival Corporation's sustainability efforts is available at www.carnivalsustainability.com .

Cautionary Note Concerning Factors That May Affect Future Results Some of the statements, estimates or projections contained in this document are "forward-looking statements" that involve risks, uncertainties and assumptions with respect to us, including some statements concerning our 2030 sustainability targets and 2050 aspirations. These statements are intended to qualify for the safe harbors from liability provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are statements that could be deemed forward-looking. These statements are based on current expectations, estimates, forecasts and projections about our business and the industry in which we operate and the beliefs and assumptions of our management. We have tried, whenever possible, to identify these statements by using words like "will," "may," "could," "should," "would," "believe," "depends," "expect," "goal," "anticipate," "forecast," "project," "future," "intend," "plan," "estimate," "target," "indicate," "outlook," and similar expressions of future intent or the negative of such terms.

Because forward-looking statements involve risks and uncertainties, there are many factors that could cause our actual results, performance or achievements to differ materially from those expressed or implied by our forward-looking statements. This note contains important cautionary statements of the known factors that we consider could materially affect the accuracy of our forward-looking statements and adversely affect our 2030 sustainability targets and 2050 aspirations.  Such risks, uncertainties and factors include the risk factors discussed in Item 1A of our most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (" SEC ").

Forward-looking statements should not be relied upon as a prediction of actual results. Subject to any continuing obligations under applicable law or any relevant stock exchange rules, we expressly disclaim any obligation to disseminate, after the date of this document, any updates or revisions to any such forward-looking statements to reflect any change in expectations or events, conditions or circumstances on which any such statements are based.

About Carnival Corporation & plc Carnival Corporation & plc is one of the world's largest leisure travel companies with a portfolio of nine of the world's leading cruise lines sailing to all seven continents. With operations in North America , Australia , Europe and Asia , its portfolio features Carnival Cruise Line , Princess Cruises , Holland America Line , Seabourn, P&O Cruises ( Australia ), Costa Cruises , AIDA Cruises , P&O Cruises ( UK ) and Cunard.

Additional information can be found on www.carnivalcorp.com , www.carnival.com , www.princess.com , www.hollandamerica.com , www.seabourn.com , www.pocruises.com.au , www.costacruise.com , www.aida.de , www.pocruises.com and www.cunard.com .

SOURCE Carnival Corporation & plc

Carnival Corporation Media Contacts: Roger Frizzell, Carnival Corporation, [email protected], (305) 406-7862, or Mike Flanagan, LDWW, [email protected], (727) 452-4538

AIDA Cruises is the market leader in the German-speaking cruise market. Home of the smile, AIDA Cruises is the epitome of a premium-quality, relaxing cruise and operates one of the world’s most state-of-the-art fleets. Visit: www.aida.de

Carnival Cruise Line, also known as America’s Cruise Line, is a leader in contemporary cruising and operates a fleet of ships designed to provide fun and memorable vacation experiences at a great value. Visit: www.carnival.com

Costa Cruises delivers Italy’s finest at sea, bringing modern Italian lifestyle to its ships to provide guests with a true European experience that embodies a unique passion for life through warm hospitality, entertainment and gastronomy. Visit: www.costacruise.com

Cunard is the epitome of British refinement for travelers who relish the line’s impeccable White Star Service, gourmet dining, world-class entertainment, and the legacy of historic voyages and transatlantic travel. Visit: www.cunard.com

Holland America Line's premium fleet of spacious, elegant mid-sized ships feature sophisticated five-star dining, extensive entertainment and activities, innovative culinary enrichment programs and compelling worldwide itineraries. Visit: www.hollandamerica.com

P&O Cruises (UK) is Britain’s favorite cruise line with a fleet of ships combining genuine service and a sense of occasion and attention to detail, ensuring passengers have the holiday of a lifetime, every time. Visit: www.pocruises.co.uk

P&O Cruises (Australia) provides a quintessential holiday experience for Australians and New Zealanders, taking them to some of the world's most idyllic and hard-to-reach places across Asia and the South Pacific. Visit: www.pocruises.co.au

Princess is the world’s leading international cruise line and tour company operating a fleet of modern cruise ships, renowned for the innovative design and wide array of choices in dining, entertainment and amenities. Visit: www.princess.com

Seabourn provides ultraluxury cruising vacations in a unique, small-ship style that focuses on genuine, intuitive service, all-suite accommodations, superb cuisine and unique experiences in destinations worldwide. Visit: www.seabourn.com

Carnival on track to achieve 2030 sustainability goals

The 12th annual sustainability report, Sustainable from Ship to Shore , was released 13 July 2022

Carnival Corporation

By Alice Chambers | 14 July 2022

Carnival Corporation has released its 12th annual sustainability report, Sustainable from Ship to Shore , that details the key initiatives and progress made in 2021 towards the cruise line’s 2030 sustainability goals and 2050 aspirations.

The report was developed with Global Reporting Initiative, the Sustainability Accounting Standards Board and the Task Force on Climate-Related Financial Disclosures, and focuses on the six focus areas that align with the UN’s Sustainable Development Goals.

The focus areas include climate action; circular economy; sustainable tourism; good health and well-being; diversity, equity and inclusion; and biodiversity and conservation.

Carnival has committed to reduce its carbon emission intensity by 2030 and aims to achieve net carbon-neutral ship operations by 2050.

Carbon intensity reduction goals now require a 20 per cent improvement from 2019, rather than the previous baseline year of 2008. This new baseline year will help the company to better communicate recent sustainability progress and modernise its disclosures in alignment with developing best practice and reporting standards.

Key findings from the report show that Carnival is adapting to the use of alternative fuels and advanced air quality systems, alongside reducing its production of food waste and single-use plastics. Employee outreach programmes, disaster relief, community relationships and opportunities for further diversity were also prioritised in 2021.

“Thanks to the dedication, support and proactive efforts of our entire global team, ship and shore, we continue to make strong progress in advancing our sustainability programme across our six focus areas,” said Arnold Donald, CEO and chief climate officer for Carnival Corporation. “This effort includes our deep commitment to climate action and sustaining positive momentum toward achieving our carbon reduction goals for 2030, while working to be part of the solution to establish a path to net carbon-neutral cruising over time.”

Tags: Carnival Corporation     sustainability     Sustainable from Ship to Shore

Alice Chambers

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We strive to be a company that people want to work for and to be an exemplary global corporate citizen. Our commitment and actions to keep our guests and crew members safe and well, protect the environment, develop and provide opportunities for our workforce, strengthen stakeholder relations and enhance both the communities where we work as well as the port communities that our ships visit, are reflective of our brands’ core values and vital to our success.

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Work Style Select Hybrid Onsite Remote

Sr. Revenue Data Science Analyst

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The Senior Analyst is responsible for creating advanced demand monitoring and customer behavior models, enhancing existing model performance and maintenance.

Job Functions:

• Develop, and enhance a variety of mathematical models (including data collection, analysis, prototyping, testing, creation of production systems, and development of performance metrics).
• Monitor model performance, re-calibrate, maintain, and recommend design enhancements.
• Develop tools/reports for analysts and management to monitor business trends, forecasts, and customer behavior.
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• Consult/train analysts and management on the use of science models and tools. Provide consulting advice and tools to improve revenue management analyst performance and revenue maximization, utilizing science models to support executive reporting and budget/revenue forecasting.

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• Complies with all policies and standards

Qualifications:

• Education:  Master’s Degree in quantitative disciplines such as Operations Research, Management Science, Industrial Engineering, Applied Math, or related field required.
• Work Experience:  2+ years within a large corporation practicing revenue management or academic research on revenue management models and systems.

Knowledge, Skills & Abilities:

• Operations Research and Statistics software/packages/tools.
• Highly skilled in SQL required
• Exposure to SAS, Python, R, Tableau preferred
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• Forecasting, statistics, econometric modeling, linear programming and other optimization algorithms. Ability to understand, analyze, and consider the interactions of various business variables, operational considerations, and data limitations in creating modeling that aligns with real-world behavior and allows users to draw insights, develop deeper understanding, and make better decisions that result in improved performance.
• Able to review modeling output against real-world behavior and make recommendations to manger, product management team, and senior-level leadership.
• Communicate sophisticated modeling concepts in easy-to-understand business terminology across various levels of users.
• Self-starter who can move projects forward and develop analytical frameworks with a general understanding of a problem statement.
• Able to lead small-to-medium-sized efforts across teams from inception to completion.

Physical Demands :  Must be able to remain in a stationary position at a desk and/or computer for extended periods of time.  Requires regular movement throughout CCL facilities. 

Travel:   Less than 25% with shipboard travel likely.

Work Conditions:   Work primarily in a climate-controlled environment with minimal safety/health hazard potential.

The range for this role’s salary $83,182-$112,296.  Offers to the selected candidates will be made on a fair and equitable basis, taking into account specific job-related skills and experience. 

At Carnival, your total rewards package is much more than your base salary. All non-sales roles participate in an annual cash bonus program, while sales roles have an incentive plan. Director and above roles may also be eligible to participate in Carnival’s discretionary equity incentive plan. Plus, Carnival provides comprehensive and innovative benefits to meet your needs, including:

• Cost-effective medical, dental and vision plans
• Employee Assistance Program and other mental health resources
• Additional programs include company paid term life insurance and disability coverage
• 401(k) plan that includes a company match
• Employee Stock Purchase plan
• Holidays – All full-time and part-time with benefits employees receive days off for 7 company-wide holidays, plus an additional floating holiday to be taken at the employee’s discretion.
• Vacation Time – All full-time employees at the manager and below level start with 14 days/year; director and above level start with 19 days/year.  Part-time with benefits employees receive time off based on the number of hours they work, with a minimum of 84 hours/year.  All employees gain additional vacation time with further tenure.
• Sick Time – All full-time employees receive 80 hours of sick time each year.  Part-time with benefits employees receive time off based on the number of hours they work, with a minimum of 60 hours each year. 
• Complementary stand-by cruises, employee discounts on confirmed cruises, plus special rates for family and friends
• Personal and professional learning and development resources including tuition reimbursement
• On-site preschool program, wellness center, and health clinic at our Miami campus

In addition to other duties/functions, this position requires full commitment and support for promoting ethical and compliant culture. More specifically, this position requires integrity, honesty, and respectful treatment of others, as well as a willingness to speak up when they see misconduct or have concerns.

Carnival Cruise Line is the most popular cruise brand in North America and operates a fleet of ships designed to foster exceptionally safe, fun and memorable vacation experiences at an outstanding value. Our employees have a responsibility to be accountable for all actions. We consider the environment in all aspects of our business and have a responsibility to put safety and sustainability first. We live and share a positive attitude which is based on fostering an environment of inclusion, trust, a willingness to listen, openness and integrity. Doing this helps us to achieve our ultimate goal, which is to include FUN in everything we do! Speaking of fun, we are officially certified as a Great Place to Work aboard our ships as well as in our global corporate headquarters!

Carnival Corporation & plc and Carnival Cruise Line is an equal employment opportunity/affirmative action employer. In this regard, it does not discriminate against any qualified individual on the basis of sex, race, color, national origin, religion, sexual orientation, age, marital status, mental, physical orsensory disability, or any other classification protected by applicable local, state, federal, and/or international law. 

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Plugging in: carnival corporation celebrates shore power launch at portmiami after exceeding industry-leading milestone.

Carnival Cruise Line to lead the charge as first PortMiami shore power connection

World's largest cruise company continues to outpace its fleetwide 2030 shore power target

MIAMI , June 17, 2024 /PRNewswire/ -- Shore power has arrived for ships docked at PortMiami, and today, Carnival Conquest represented Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, at a celebratory event announcing it will be the first cruise ship to plug into landside electrical power at the cruise capital of the world.

Through an industry partnership between Miami-Dade County, Florida Power & Light Company and several cruise lines including Carnival Corporation, PortMiami is now the first major cruise port on the U.S. eastern seaboard offering shore power connections at five cruise berths.

"This is an important milestone for our hometown and we're proud to support Miami-Dade County Mayor Daniella Levine Cava and all county and port officials for their amazing partnership in bringing shore power to PortMiami," said Christine Duffy , president of Carnival Cruise Line. "We continue to implement important initiatives that have kept us ahead of our ambitious goals to reduce emissions, and this new shore power capability will allow our ships to rely on the electrical grid to power our ships while in port."

Carnival Conquest's selection for the inaugural connection at PortMiami comes on the heels of Carnival Corporation surpassing its 2030 shore power goal in 2023, seven years ahead of schedule. The company now leads the industry with 67% of its fleet shore power-capable, meaning it has twice as many ships able to "plug in" than there are ports equipped to provide shore power.

"Using shoreside electricity to power our ships in port is an integral part of our global strategy to reduce greenhouse gas (GHG) emissions and minimize our environmental footprint," said Josh Weinstein , chief executive officer of Carnival Corporation & plc. "It's been over 20 years since our company first pioneered shore power for the cruise industry, yet adoption remains limited to just 2% of cruise ports worldwide. We applaud PortMiami for having the vision to recognize shore power as vital to the future of our industry and the planet, and for being at the forefront of their peer group in delivering this capability to cruise ships."

Energy Efficiency and Reduced Fuel Use Shore power is an efficient way for cruise operators to switch off ship engines while in port and "plug in" to use energy from the local electric grid to power onboard systems and equipment. Using shore power can reduce total emissions by up to 98%, depending on the mix of energy sources. Carnival Corporation is committed to connecting to shoreside electricity in port when it is available and operationally feasible, and the company is working closely with ports around the world to prioritize investment in this important capability.

Carnival Corporation's current shore power achievements include:

Two-thirds of the company's global fleet – 64 ships – are equipped with shore power capabilities and are ready to "plug in" where port connections to electric power are available.

Nearly half of its global portfolio of world-class cruise lines boast fleets that are 100%, fully shore power-capable.

An additional three ships will be outfitted with shore power capabilities this year, and a recent agreement with Switzerland -based technology company ABB Group will help install an additional 30 shore power connections onboard Carnival Corporation ships over the next few years.

Shore power is one of the many emission reduction technologies Carnival Corporation utilizes to reduce fuel use as part of its overall decarbonization strategy and pursuit of net zero GHG emissions by 2050. Thanks to the aggressive and ongoing actions taken to date throughout the fleet, Carnival Corporation is producing 10+% less total GHG emissions today than in 2011, despite increasing capacity by roughly 30% in that time.

For more information on the company's long-term sustainability vision and progress under its six focus areas – climate action; circular economy; sustainable tourism; good health and well-being; diversity, equity and inclusion; and biodiversity and conservation – visit Carnival Corporation's dedicated report website,  CarnivalSustainability.com .

This release may include claims related to our greenhouse gas emissions reductions, goals, initiatives, accomplishments, and progress reports. Supporting data for such greenhouse gas emissions claims, including data verification information, is published in our Sustainability Reports on carnivalcorp.com/sustainability on an annual basis.

About Carnival Corporation & plc Carnival Corporation & plc is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises ( Australia ), P&O Cruises (UK), Princess Cruises, and Seabourn.

Additional information can be found on www.carnivalcorp.com , www.aida.de , www.carnival.com , www.costacruise.com , www.cunard.com , www.hollandamerica.com , www.pocruises.com.au , www.pocruises.com , www.princess.com , and www.seabourn.com .

For information on Carnival Corporation's industry-leading sustainability initiatives, visit www.carnivalsustainability.com .

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SOURCE Carnival Corporation & plc

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Carnival Leads the Charge with on Shore Power at PortMiami

Did You Know? Shore power can cut cruise ship emissions by up to 98% while docked, making ports greener and the air cleaner. (Credit: Carnival Corporation)

by Staff Writer | Jun 18, 2024

This article is included in these additional categories:

PortMiami has introduced shore power for docked ships, marking a significant milestone for the cruise industry. Carnival Conquest, representing Carnival Corporation, was the first cruise ship to connect to landside electrical power at the world’s leading cruise port.

Industry Partnership and Implementation

The introduction of shore power at PortMiami is a result of a collaborative effort between Miami-Dade County, Florida Power & Light Company , and several cruise lines, including Carnival Corporation. PortMiami is now the first major cruise port on the U.S. eastern seaboard to offer shore power connections at five cruise berths.

Christine Duffy, president of Carnival Cruise Line, expressed pride in supporting Miami-Dade County Mayor Daniella Levine Cava and county officials in bringing shore power to PortMiami. She emphasized that this new capability aligns with Carnival’s ongoing initiatives to reduce emissions, allowing ships to rely on the electrical grid while docked.

Advancing Shore Power Capabilities

Carnival Conquest’s inaugural shore power connection at PortMiami follows Carnival Corporation’s achievement of surpassing its 2030 shore power goal in 2023, seven years ahead of schedule. The company now leads the industry with 67% of its fleet shore power-capable, double the number of ports equipped to provide this service.

Josh Weinstein, CEO of Carnival Corporation & plc, highlighted the importance of using shoreside electricity to power ships in port as part of the company’s strategy to reduce greenhouse gas emissions and minimize environmental impact. Despite pioneering shore power over 20 years ago, only 2% of cruise ports worldwide have adopted this technology.

Benefits of Shore Power

Shore power allows cruise operators to switch off ship engines while docked and use energy from the local electric grid to power onboard systems and equipment. Depending on the energy mix, this can reduce total emissions by up to 98%. Carnival Corporation is committed to using shore power where available and operationally feasible and is working with ports globally to enhance this capability.

Carnival Corporation’s shore power achievements include:

• Two-thirds of its global fleet, 64 ships, are equipped with shore power capabilities.
• Nearly half of its cruise lines have 100% shore power-capable fleets.
• Three additional ships will be equipped with shore power capabilities this year.

A recent agreement with ABB Group will add 30 shore power connections onboard Carnival Corporation ships in the coming years.

Shore power is part of Carnival Corporation’s broader decarbonization strategy , aiming for net zero greenhouse gas emissions by 2050. The company has already reduced total greenhouse gas emissions by over 10% since 2011, despite a 30% increase in capacity.

Carnival Corporation’s commitment to shore power at PortMiami underscores its dedication to sustainability and emission reduction in the cruise industry. For more information on Carnival Corporation’s sustainability initiatives and progress, visit CarnivalSustainability.com.

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Carnival (CCL) Expected to Beat Earnings Estimates: Should You Buy?

June 18, 2024 — 10:00 am EDT

Written by Zacks Equity Research for Zacks  ->

Wall Street expects a year-over-year increase in earnings on higher revenues when Carnival (CCL) reports results for the quarter ended May 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 25. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This cruise operator is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +96.8%.

Revenues are expected to be $5.65 billion, up 15.1% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Carnival?

For Carnival, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +70.37%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Carnival will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Carnival would post a loss of $0.18 per share when it actually produced a loss of $0.14, delivering a surprise of +22.22%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Carnival appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar .

Check Out These Stocks Before They Report Earnings (Free Report)

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Zacks' new special report is designed to do exactly that. It reveals 5 promising stocks experts predict will crush earnings estimates and skyrocket in price.

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Carnival Corporation (CCL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Carnival (CCL) Expected to Beat Earnings Estimates: Should You Buy?

Wall Street expects a year-over-year increase in earnings on higher revenues when Carnival ( CCL Quick Quote CCL - Free Report ) reports results for the quarter ended May 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 25. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This cruise operator is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +96.8%.

Revenues are expected to be $5.65 billion, up 15.1% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time , and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Carnival?

For Carnival, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +70.37%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Carnival will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Carnival would post a loss of $0.18 per share when it actually produced a loss of $0.14, delivering a surprise of +22.22%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Carnival appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar .

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report free:.

Carnival Corporation (CCL) - free report >>

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