Carnival Corporation with a 2nd Clean Tech Award

By ,   February 9, 2015 ,   Cruise Industry

Carnival Corporation & plc, the largest travel and leisure company in the world, was awarded Best Marine Solution in Clean Tech category of 2014 New Economy Awards for the second year in a row. The award recognizes Carnival's long tradition of making environmental technology the top priority at corporate level and across its global brands.

The Clean Tech Awards are presented annually by The New Economy quarterly publication and aim to encourage discussion about appropriate strategies for promotion of global economic growth and to stimulate financial investment. Since the Awards’ inception in 2011, New Economy has awarded industry-leading companies, pioneers in creating viable business models and solving environmental challenges.

The winners of New Economy award were announced in January 2015, when was also the World Economic Forum Annual Meeting in Davos-Klosters, Switzerland.

Carnival Corporation & plc has proved a continued commitment to reduce the environmental impact of cruising, and often exceeds the regulatory standards set by different regulatory groups, including the Environmental Protection Agency. 

The Clean Tech Award honors Carnival's efforts to find new solutions to benefit the environment by:

  • implementing the Fleet Fuel Conservation Program (by the end of 2014 it saved the company over one billion gallons of fuel; fleet carbon emissions were reduced by 12 billion kg over a 7-year period); 
  • improving fleet's fuel efficiency by 24% compared to 2007, while saving $2.5 billion in fuel costs; 
  • committing to invest over $400 mill to install an ECO-EGC™ - industry-first exhaust gas cleaning technology, to 70% of the fleet; 
  • employing various measures that enabled Carnival to meet its corporate goal to reduce the rate of CO2 emissions from shipboard operations by 20% in 2014, a year ahead of company’s initial plan.

Carnival Corporation & plc has a portfolio of cruise brands in Europe, North America, Asia and Australia, comprised of AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, Princess Cruises, Seabourn, P&O Cruises (UK) and P&O Cruises (Australia).

Together, Carnival brands operate 100 cruise ships with 212,000 lower berths. Ten new ships are scheduled for delivery up to 2018.  Traded on both the London and New York Stock Exchanges, Carnival Corporation is the only group in the world included in both the FTSE 100 and S&P 500 indices.