REG-Carnival PLC: Carnival Corporation Announces Sustainability Goals

CarnivalAnnouncement

22/06/2021 15:20

Carnival Corporation Announces Initial 2030 Sustainability Goals

World's largest cruise company reaffirms commitment to sustainability with new
2030 targets and 2050 aspirations incorporating six focus areas to further
strengthen environmental, social and governance performance

Newly announced goals and aspirations build on company's achievement of 2020
sustainability goals a year ahead of schedule, with additional progress
details expected to be released in its annual Sustainability Report later this
summer

MIAMI, June 22, 2021 /PRNewswire/ -- Carnival Corporation
(https://c212.net/c/link/?t=0&l=en&o=3204328-1&h=1042566314&u=https%3A%2F%2Fwww.carnivalcorp.com%2F&a=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.

"At Carnival Corporation, our highest responsibility and top priorities are
always compliance, environmental protection, and the health, safety and
well-being of our guests, the people in the communities we touch and serve,
and our shipboard and shoreside personnel," said 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."

Added 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.

Carnival Corporation Media Contacts: Roger Frizzell, Carnival Corporation,
rfrizzell@carnival.com, (305) 406-7862, or Mike Flanagan, LDWW,
mike@ldwwgroup.com, (727) 452-4538



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