Royal Caribbean

Royal Caribbean, a US-headquartered company in the sea and coastal water transportation services industry, reported total emissions of approximately 11.38 billion kg CO2e in 2023. This includes Scope 1 emissions of about 5.38 billion kg CO2e, Scope 2 market-based emissions of approximately 10.22 million kg CO2e, and Scope 3 emissions of roughly 5.99 billion kg CO2e.

In 2022, the company's Scope 1 emissions were approximately 4.98 billion kg CO2e, and Scope 2 market-based emissions stood at about 10.17 million kg CO2e. For 2021, Scope 1 emissions were around 2.58 billion kg CO2e, and Scope 2 market-based emissions were approximately 10.9 million kg CO2e. In 2020, Scope 1 emissions were about 2.49 billion kg CO2e, with Scope 2 market-based emissions at roughly 8.69 million kg CO2e.

Looking further back, in 2019, Royal Caribbean's total emissions were approximately 9.64 billion kg CO2e. This comprised Scope 1 emissions of around 4.82 billion kg CO2e, Scope 2 market-based emissions of about 15.25 million kg CO2e, and Scope 3 emissions of roughly 4.8 billion kg CO2e.

Royal Caribbean has demonstrated climate commitments through reduction targets. In 2016, as part of a five-year partnership with the World Wildlife Fund (WWF), the company set a near-term goal to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 35% by 2020. This target was an absolute reduction from a 2016 baseline. Furthermore, a broader intensity target was set in 2005 to achieve a 35% reduction in the greenhouse gas emissions intensity of its operations by 2020 across all scopes. By 2020, Royal Caribbean had reportedly achieved a 37% reduction in GHG intensity, exceeding this particular target.