Royal Caribbean Cruises Ltd

Common Name
Royal Caribbean Cruises
Country
United States
Sector
Consumer Cyclical
Industry
Travel Services
Employees
105,950
Ticker
RCL
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Royal Caribbean Group is a prominent player in the global cruise industry, operating a diverse range of brands including Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. The co...

Royal Caribbean Cruises's GHG Emissions Data Preview

In 2023, Royal Caribbean Cruises 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).

Royal Caribbean Cruises has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Royal Caribbean Cruises’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 Royal Caribbean Cruises’s data sources below and access millions more through our Disclosure Search.

a. Royal Caribbean Cruises's ESG Report 2023
a. Royal Caribbean Cruises's ESG Report 2023

Insights into Royal Caribbean Cruises's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Royal Caribbean Cruises amounted to 5,385,484 metric 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 2022, the total operational greenhouse gas (GHG) emissions of Royal Caribbean Cruises increased by 7.93%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Royal Caribbean Cruises's Scope 1 Emissions Over Time

2019202020212022202301.5 M3 M4.5 M6 MtCO2e-48%+3%+93%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Royal Caribbean Cruises's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Royal Caribbean Cruises were 5,375,318 metric tons of CO₂ equivalent (tCO₂e). a

Has Royal Caribbean Cruises reduced its Scope 1 emissions over time?

Since 2019, Royal Caribbean Cruises's Scope 1 emissions have increased by 11.51%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Royal Caribbean Cruises's Scope 1 emissions increased by 7.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Royal Caribbean Cruises's Scope 2 emissions?

In 2023, Royal Caribbean Cruises reported Scope 2 greenhouse gas (GHG) emissions of 10,219 tCO₂e using the market-based method and 10,166 tCO₂e using the location-based method. a

Has Royal Caribbean Cruises reduced its Scope 2 emissions over time?

Since 2019, Royal Caribbean Cruises's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 29.84%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Royal Caribbean Cruises's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Royal Caribbean Cruises 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Royal Caribbean Cruises use for Scope 2 reporting?

In 2023, Royal Caribbean Cruises reported its Scope 2 emissions using the market-based method and using the location-based method. a

Royal Caribbean Cruises's Scope 2 Emissions Over Time

2019202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Royal Caribbean Cruises's Value Chain Emissions

In 2023, Royal Caribbean Cruises reported 5,993,964 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Royal Caribbean Cruises includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Royal Caribbean Cruises's Scope 3 Emissions Over Time

2019202301.5 M3 M4.5 M6 MtCO2e+25%
  • Total Scope 3
  • Year-over-Year Change

What are Royal Caribbean Cruises's Scope 3 emissions?

In 2023, Royal Caribbean Cruises reported total Scope 3 emissions of 5,993,964 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Royal Caribbean Cruises reduced its Scope 3 emissions over time?

Since 2019, Royal Caribbean Cruises's Scope 3 emissions have increased by 24.86%, reflecting a rising long-term trend in Scope 3 emissions over time. a

What categories of Scope 3 emissions does Royal Caribbean Cruises disclose?

In 2023, Royal Caribbean Cruises reported emissions for 7 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 Royal Caribbean Cruises's Scope 3 emissions?

In 2023, the largest contributors to Royal Caribbean Cruises's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 3,776,197.32 tCO₂e (62.72%)
  • Fuel- and Energy-Related Services (Cat. 3): 719,275.68 tCO₂e (11.95%)
  • Business Travel (Cat. 6): 599,396.4 tCO₂e (9.96%)

Royal Caribbean Cruises's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(11.9%)Purchased Goods andServices (Cat. 1)(62.7%)Business Travel(Cat. 6)(10.0%)

Insights into Royal Caribbean Cruises’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Royal Caribbean Cruises reported Scope 1 greenhouse gas (GHG) emissions of 5,375,318 tCO₂e and total revenues of USD 13,900 millions. This translates into an emissions intensity of 386.71 tCO₂e per millions USD. a

Royal Caribbean Cruises's Scope 1 Emissions Intensity Compared to Peers

2005,000100,0002,000,00050,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)Tractor SupplyYear: 2024Scope 1: 90,000 tCO2eRevenue: $M 14,883Scope 1 Intensity: 6.05 tCO2e/$MAAMYear: 2024Scope 1: 91,346 tCO2eRevenue: $M 6,125Scope 1 Intensity: 14.91 tCO2e/$MTravel + LeisureYear: 2023Scope 1: 56,535 tCO2eRevenue: $M 3,750Scope 1 Intensity: 15.08 tCO2e/$MStarbucksYear: 2024Scope 1: 395,666 tCO2eRevenue: $M 36,176Scope 1 Intensity: 10.94 tCO2e/$MMcDonald'sYear: 2024Scope 1: 94,233 tCO2eRevenue: $M 25,920Scope 1 Intensity: 3.64 tCO2e/$MInternational PaperYear: 2024Scope 1: 6,266,000 tCO2eRevenue: $M 18,619Scope 1 Intensity: 336.54 tCO2e/$MCarmaxYear: 2024Scope 1: 136,393 tCO2eRevenue: $M 26,536Scope 1 Intensity: 5.14 tCO2e/$MGenuine PartsYear: 2023Scope 1: 111,792 tCO2eRevenue: $M 23,091Scope 1 Intensity: 4.84 tCO2e/$MAutozoneYear: 2024Scope 1: 268,476 tCO2eRevenue: $M 18,490Scope 1 Intensity: 14.52 tCO2e/$MAirbnbYear: 2023Scope 1: 1,303 tCO2eRevenue: $M 9,916Scope 1 Intensity: 0.13 tCO2e/$MNikeYear: 2024Scope 1: 57,390 tCO2eRevenue: $M 51,360Scope 1 Intensity: 1.12 tCO2e/$MDR HortonYear: 2022Scope 1: 64,701 tCO2eRevenue: $M 33,480Scope 1 Intensity: 1.93 tCO2e/$MBooking HoldingsYear: 2024Scope 1: 2,268 tCO2eRevenue: $M 23,749Scope 1 Intensity: 0.10 tCO2e/$MBest BuyYear: 2024Scope 1: 209,440 tCO2eRevenue: $M 41,528Scope 1 Intensity: 5.04 tCO2e/$MGoodyear Tire & RubberYear: 2024Scope 1: 1,389,000 tCO2eRevenue: $M 18,878Scope 1 Intensity: 73.58 tCO2e/$MCarnivalYear: 2023Scope 1: 9,610,000 tCO2eRevenue: $M 21,593Scope 1 Intensity: 445.05 tCO2e/$MO'Reilly AutomotiveYear: 2023Scope 1: 305,759 tCO2eRevenue: $M 15,812Scope 1 Intensity: 19.34 tCO2e/$MSealed AirYear: 2023Scope 1: 124,142 tCO2eRevenue: $M 5,489Scope 1 Intensity: 22.62 tCO2e/$MGroup 1 AutomotiveYear: 2024Scope 1: 190,357 tCO2eRevenue: $M 19,934Scope 1 Intensity: 9.55 tCO2e/$MLithia MotorsYear: 2024Scope 1: 43,354 tCO2eRevenue: $M 36,189Scope 1 Intensity: 1.20 tCO2e/$MRoss StoresYear: 2023Scope 1: 28,694 tCO2eRevenue: $M 20,376Scope 1 Intensity: 1.41 tCO2e/$MExpedia GroupYear: 2024Scope 1: 5,534 tCO2eRevenue: $M 13,691Scope 1 Intensity: 0.40 tCO2e/$MPultegroupYear: 2024Scope 1: 5,225 tCO2eRevenue: $M 17,949Scope 1 Intensity: 0.29 tCO2e/$MNorwegian Cruise Line HoldingsYear: 2024Scope 1: 3,242,719 tCO2eRevenue: $M 9,480Scope 1 Intensity: 342.07 tCO2e/$MRoyal Caribbean CruisesYear: 2023Scope 1: 5,375,318 tCO2eRevenue: $M 13,900Scope 1 Intensity: 386.71 tCO2e/$M

How does Royal Caribbean Cruises's GHG emissions intensity compare to its peers?

In 2023, Royal Caribbean Cruises reported a Scope 1 emissions intensity of 386.71 tCO₂e per millions USD. Compared to the peer group median of 5.59 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Royal Caribbean Cruises rank on GHG emissions intensity within its industry?

In 2023, Royal Caribbean Cruises ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Royal Caribbean Cruises's Total Carbon Footprint

In 2023, Royal Caribbean Cruises reported a total carbon footprint of 11,379,448 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 128.05% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Royal Caribbean Cruises's total carbon footprint was Scope 3 emissions, accounting for 52.67% of the company's total carbon footprint, followed by Scope 1 emissions at 47.24%. a

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