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Carnival Corp

Common Name
Carnival
Country
United States
Sector
Consumer Cyclical
Industry
Travel Services
Employees
115,000
Ticker
CCL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Carnival Corporation is a prominent cruise line operator, known for providing exceptional leisure travel experiences across various destinations worldwide. As a major entity in the travel and tourism ...

Carnival's GHG Emissions Data Preview

In 2024, Carnival completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Carnival has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Carnival’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Carnival’s data sources below and access millions more through our Disclosure Search.

a. Carnival's Sustainability Report 2024
a. Carnival's Sustainability Report 2024
b. Carnival's Sustainability Report 2023
b. Carnival's Sustainability Report 2023
c. Carnival's Sustainability Report 2021
c. Carnival's Sustainability Report 2021

Insights into Carnival's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofCarnival amounted to9,714,000metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Carnivalincreased by 0.68%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Carnival's Scope 1 Emissions Over Time

20192020202120222023202403 M6 M9 M12 MtCO2e-42%-30%+94%+13%+1%
  • Total Scope 1
  • Year-over-Year Change

What are Carnival's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Carnival were 9,680,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Carnival reduced its Scope 1 emissions over time?

Since 2019, Carnival's Scope 1 emissions have decreased by 9.73%, reflecting a declining long-term trend in Scope 1 emissions over time.ac

Compared to the previous year(2023), Carnival's Scope 1 emissions remained relatively stable, indicating that Carnival's emissions have plateaued with no significant change in its operational footprint.a

What are Carnival's Scope 2 emissions?

In 2024, Carnival reported Scope 2 greenhouse gas (GHG) emissions of 49,000 tCOâ‚‚e using the market-based method and 34,000 tCOâ‚‚e using the location-based method.a

Has Carnival reduced its Scope 2 emissions over time?

Since 2019, Carnival's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 27.55%, reflecting a declining long-term trend in Scope 2 emissions over time.ac

Compared to the previous year(2023), Carnival's Scope 2 emissions(Location-Based) fell by 10.53% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

What methodology does Carnival use for Scope 2 reporting?

In 2024, Carnival reported its Scope 2 emissions using the market-based method and using the location-based method.a

Carnival's Scope 2 Emissions Over Time

201920202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Carnival's Value Chain Emissions

In 2024, Carnival reported 8,671,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Carnival includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a

Carnival's Scope 3 Emissions Over Time

20192023202402.5 M5 M7.5 M10 MtCO2e-22%+15%
  • Total Scope 3
  • Year-over-Year Change

What are Carnival's Scope 3 emissions?

In 2024, Carnival reported total Scope 3 emissions of 8,671,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 97.98%of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.02%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Carnival reduced its Scope 3 emissions over time?

Since 2019, Carnival's Scope 3 emissionshave decreased by 10.96%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Carnival's Scope 3 emissions increased by 14.67%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Carnival disclose?

In 2024, Carnival reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Carnival's Scope 3 emissions?

In 2024, the largest contributors to Carnival's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 4,248,790 tCOâ‚‚e(49.49%)
  • Fuel- and Energy-Related Services (Cat. 3): 2,167,750 tCOâ‚‚e(25.25%)
  • Capital Goods (Cat. 2): 1,040,520 tCOâ‚‚e(12.12%)

Carnival's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(12.1%)Purchased Goods andServices (Cat. 1)(49.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(25.3%)

Insights into Carnival’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Carnival reported Scope 1 greenhouse gas (GHG) emissions of 9,680,000 tCOâ‚‚e and total revenues of USD 25,021 millions. This translates into an emissions intensity of 386.88 tCOâ‚‚e per millions USD.a

Carnival's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,00050,000,000Scope 1 Emissions (tCO2e)5002,0005,00020,000100,000Revenues (Millions of USD)Restaurant Brands InternationalYear: 2024Scope 1: 128,994 tCO2eRevenue: $M 8,406Scope 1 Intensity: 15.35 tCO2e/$MTractor SupplyYear: 2024Scope 1: 90,000 tCO2eRevenue: $M 14,883Scope 1 Intensity: 6.05 tCO2e/$MRoyal Caribbean CruisesYear: 2024Scope 1: 5,696,852 tCO2eRevenue: $M 16,485Scope 1 Intensity: 345.58 tCO2e/$MBurlington StoresYear: 2024Scope 1: 42,444 tCO2eRevenue: $M 10,635Scope 1 Intensity: 3.99 tCO2e/$MTravel + LeisureYear: 2024Scope 1: 56,937 tCO2eRevenue: $M 3,864Scope 1 Intensity: 14.74 tCO2e/$MUlta BeautyYear: 2024Scope 1: 8,477 tCO2eRevenue: $M 11,295Scope 1 Intensity: 0.75 tCO2e/$MDICK'S Sporting GoodsYear: 2022Scope 1: 52,131 tCO2eRevenue: $M 12,368Scope 1 Intensity: 4.21 tCO2e/$MeBayYear: 2024Scope 1: 5,098 tCO2eRevenue: $M 10,282Scope 1 Intensity: 0.50 tCO2e/$MMGM Resorts InternationalYear: 2024Scope 1: 224,425 tCO2eRevenue: $M 17,241Scope 1 Intensity: 13.02 tCO2e/$MInternational PaperYear: 2024Scope 1: 6,266,000 tCO2eRevenue: $M 18,619Scope 1 Intensity: 336.54 tCO2e/$MGenuine PartsYear: 2024Scope 1: 144,244 tCO2eRevenue: $M 23,486Scope 1 Intensity: 6.14 tCO2e/$MDoorDashYear: 2022Scope 1: 3,565 tCO2eRevenue: $M 6,584Scope 1 Intensity: 0.54 tCO2e/$MSkechers USAYear: 2024Scope 1: 15,854 tCO2eRevenue: $M 8,969Scope 1 Intensity: 1.77 tCO2e/$MAutozoneYear: 2024Scope 1: 268,476 tCO2eRevenue: $M 18,490Scope 1 Intensity: 14.52 tCO2e/$MAirbnbYear: 2023Scope 1: 1,303 tCO2eRevenue: $M 9,916Scope 1 Intensity: 0.13 tCO2e/$MPVHYear: 2024Scope 1: 11,451 tCO2eRevenue: $M 8,653Scope 1 Intensity: 1.32 tCO2e/$MLas Vegas SandsYear: 2024Scope 1: 155,421 tCO2eRevenue: $M 11,298Scope 1 Intensity: 13.76 tCO2e/$MBooking HoldingsYear: 2024Scope 1: 2,268 tCO2eRevenue: $M 23,749Scope 1 Intensity: 0.10 tCO2e/$MFlutter EntertainmentYear: 2024Scope 1: 4,319 tCO2eRevenue: $M 14,050Scope 1 Intensity: 0.31 tCO2e/$MBallYear: 2024Scope 1: 387,349 tCO2eRevenue: $M 11,795Scope 1 Intensity: 32.84 tCO2e/$MDarden RestaurantsYear: 2025Scope 1: 385,847 tCO2eRevenue: $M 12,077Scope 1 Intensity: 31.95 tCO2e/$MLithia MotorsYear: 2024Scope 1: 43,354 tCO2eRevenue: $M 36,189Scope 1 Intensity: 1.20 tCO2e/$MExpedia GroupYear: 2024Scope 1: 5,534 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.40 tCO2e/$MGlobal Business Travel GroupYear: 2024Scope 1: 425 tCO2eRevenue: $M 2,423Scope 1 Intensity: 0.18 tCO2e/$MNorwegian Cruise Line HoldingsYear: 2024Scope 1: 3,242,719 tCO2eRevenue: $M 9,480Scope 1 Intensity: 342.07 tCO2e/$MCarnivalYear: 2024Scope 1: 9,680,000 tCO2eRevenue: $M 25,021Scope 1 Intensity: 386.88 tCO2e/$M

How does Carnival's GHG emissions intensity compare to its peers?

In 2024, Carnival reported a Scope 1 emissions intensity of 386.88 tCOâ‚‚e per millions USD. Compared to the peer group median of 4.21, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Carnival rank on GHG emissions intensity within its industry?

In 2024, Carnival ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Carnival among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Carnival's Total Carbon Footprint

In 2024, Carnival reported a total carbon footprint of 18,385,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.83% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Carnival's total carbon footprint was Scope 1 emissions, accounting for 52.65% of the company's total carbon footprint, followed by Scope 3 emissions at 47.16%.a

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