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We at Carnival Corporation & plc believe that sustainability is about preserving our environment, respecting our employees and communities, and returning value to our shareholders. Sustainability is not a cost of doing business; it is a way of doing business. As one of the largest vacation companies in the world, Carnival has been committed since our inception to operating responsibly.
We recognize that our success is tied to protecting the environment, safeguarding and developing our workforce, strengthening stakeholder relationships, enhancing the port communities that we visit and maintaining our fiscal strength. We also recognize that, in today’s business climate, the viability of our business as well as our reputation depends on being more sustainable and transparent.
We are proud to have been recognized for our efforts by socially responsible investment rating agencies and to be named to the Carbon Disclosure Leadership Index, the FTSE4Good Index and the Maplecroft Climate Innovation Index.
We know that the journey ahead will contain many challenges and opportunities for stronger stewardship, and recognize that our future success and delivery on our sustainability plans and goals are inextricably linked. As an industry leader, we are committed to and accountable for growing and operating wisely.
The Sustainability Reports published by our Operating Lines in 2010 and 2011, which reflect Fiscal Year 2009 and 2010 performance respectively, culminate our sustainability "keel-laying" of six years earlier, when Carnival wholeheartedly embraced our role in maintaining the oceans, vistas and pristine islands to which we owe our livelihood. As we progress on our sustainability voyage, we have also summarized the reports published to date, along with our views on the sustainability subjects that are of high interest to our stakeholders. Click here to view these Sustainability Reports and the 2009 Corporate Sustainability Summary.
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.
In late 2006, our Corporate Environmental Compliance Department was expanded to become the Maritime Policy & Compliance Department, reflecting the Corporation’s need to uniformly coordinate and share Health, Environmental, Safety and Security (HESS) standards and best practices across the organization. With this change, we redefined responsibility and accountability for HESS performance at the highest levels of the company, streamlining how we develop policies and standards, and assuring that we meet, if not exceed, all relevant regulatory requirements.
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.
Publication of our 2009 Sustainability Reports has enabled us to benchmark our collective performance and to identify opportunities for improvement moving forward. This reporting process has already proven to be of value to our business, as it allowed us to:
With the information disclosed in our reports, we are now better positioned to tackle our sustainability challenges and advance as a global company. We thank you for your interest in Carnival Corporation & plc, and look forward to periodically updating you on our sustainability progress.