Carnival Corporation Named One of America's 100 Best Corporate Citizens
MIAMI: Carnival Corporation and plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest leisure travel company, was today named one of the top 100 Best Corporate Citizens for 2018 by Corporate Responsibility Magazine (CR Magazine).The company ranked No. 35 in CR Magazine's 19th annual survey that recognizes exceptional environmental, social and governance (ESG) performance of U.S. public companies.
This marks the third consecutive year and sixth time in the past eight years that Carnival Corporation has been recognized with the 100 Best Corporate Citizens distinction. Carnival Corporation achieved the highest rank in corporate responsibility among firms in the travel and tourism sector and was the only cruise-specific company to make the list, which uses the Russell 1000 Index of U.S. public companies as its base.
Of all the companies evaluated for the 100 Best Corporate Citizens list, Carnival Corporation ranked in the top half in two categories: environmental (at No. 11) and corporate governance (at No. 32).
"As the world's leading cruise company with nine global brands, we are committed to consistently exceeding the expectations our nearly 12 million annual guests - which is made possible by our 120,000 passionate employees who are also dedicated to building on our distinguished legacy as a responsible corporate citizen," said John Haeflinger, senior vice president of maritime policy and analysis for Carnival Corporation. "We are proud to be recognized by CR Magazine for our ongoing commitment to operating with transparency, responsibility and accountability. We share this recognition with each of our employees for helping us earn such an impressive distinction."
To arrive at its 100 Best Corporate Citizens list, CR Magazine engaged third-party accreditor ISS Corporate Solutions to analyze 260 ESG data points of disclosure and performance measures from every Russell 1000 company in seven categories: environment, climate change, employee relations, human rights, governance, finance and philanthropy and community support.
The 100 Best Corporate Citizens list is the only ESG ranking list that does not rely on self-reporting from companies. Instead, companies are evaluated using publicly available records from their websites, annual reports, shareholder calls, media interviews, NGOs and government documents.
"Whether you are an employee, an investor or a consumer, people are actively looking to ensure the companies they interact with are operating as responsible corporate citizens," said Jen Boynton, editor of CR Magazine. "We commend Carnival Corporation for once again achieving a prominent position on this list, as it shows the company's thorough commitment to operating with a strong focus on transparency."
The full 2018 Best Corporate Citizen's list can be viewed at 3blassociation.com. Information on Carnival Corporation's sustainability initiatives can be found at carnivalsustainability.com.