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Carnival Corporation Expands Meal Donation Program into Latin America for the First Time

1. Carnival Corporation expands meal donation program to Latin America. 2. New agreements focus on Mexico, Honduras, and Dominican Republic. 3. Effort aims to address food insecurity and reduce food waste. 4. Program now operates in 19 global destinations, enhancing company reputation. 5. Initiative supports local communities while promoting cruise tourism.

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Why Bullish?

The expansion of Carnival's sustainable initiatives can enhance its reputation and customer loyalty, potentially boosting sales and profitability. Such positive corporate responsibility measures can have lasting positive repercussions, similar to past initiatives that improved public perception.

How important is it?

The article highlights Carnival's commitment to sustainability and community engagement, which are increasingly important to consumers. This alignment with social values could attract more customers and positively influence CUK’s stock valuation.

Why Long Term?

While initial impacts may be seen immediately, the establishment of goodwill in new markets will unfold over time, leading to sustained customer loyalty and tourism growth. Historical trends show long-term benefits from corporate social responsibility initiatives, translating into revenue growth.

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World's largest cruise company partners with food banks and local leaders to – for the first time – enable cruise companies to donate fresh, ready-to-eat meals to communities in Mexico, Honduras and Dominican Republic Company's meal donation program now spans almost 20 port destinations worldwide with plans to expand into new markets globally as part of its ongoing Less Left Over food waste reduction strategy , /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it has signed a series of historic memoranda of understanding (MOUs) with food banks and community partners in Mexico, Honduras and the Dominican Republic, becoming the first cruise company to sign formal meal donation agreements with these organizations and bringing its fresh meal donation program to Latin America for the first time. The food banks participating in the agreements are part of the Global FoodBanking Network, a respected international alliance. Carnival Corporation's meal donation program redirects surplus prepared and unserved meals from the company's ships to a growing network of trusted local partners for distribution to families and communities in need. Part of the company's Less Left Over strategy to cut food waste, the program maximizes the use of high-quality surplus meals to help address food insecurity in communities where it is established. By expanding to three new ports, the program will now operate in 19 destinations worldwide. "Expanding our meal donation program into Latin America is an important step in giving back to the amazing ports and destinations who warmly welcome our guests into their communities and make their visits so memorable," said Vicky Rey, vice president of government affairs for Latin America, Carnival Corporation. "Our goal is to help feed families and children who may not have a hot meal to eat every day by donating healthy and delicious meals we prepared but did not serve onboard. We're grateful to our partners in Mexico, Honduras and the Dominican Republic who helped make this possible." In Mexico, Carnival Corporation signed an agreement with Bancos de Alimentos de Mexico (Red BAMX). Through this collaboration, meals will first be distributed through a pilot program expected to be launched in Ensenada and then extended to other locations with food banks and where Carnival Cruise Line ships call. In Honduras, Carnival Corporation signed an agreement with Mayor Ron McNab of Roatán. Through this partnership, unserved ready-to-eat meals and surplus ingredients from Carnival Cruise Line ships will be distributed to schools, hospitals and community organizations across Roatán. In the Dominican Republic, Carnival Corporation signed agreements with the Catholic Diocese of Puerto Plata and Banco de Alimentos República Dominicana. Through this partnership, meals will be distributed to schools, hospitals and community organizations across Puerto Plata, with the food bank providing expertise to support implementation and local distribution. Carnival Corporation's surplus meal and food donation program began in 2017 through its Costa Cruises line, in partnership with the food bank charity Fondazione Banco Alimentare, in what was a first for global shipping. To date, the program has helped deliver more than 300,000 unserved meals to support community partners in Spain, Italy, France, Martinique and Guadeloupe. Carnival Corporation is working to expand the program to additional locations and is collaborating with officials across the United States, the Caribbean and Latin America to evaluate how the existing framework can meet local legal, health and operational food donation guidelines. The program is just one of dozens of initiatives across Carnival Corporation and its cruise lines that are part of the company's Less Left Over strategy to minimize surplus food waste while continuing to offer world-class food and dining experiences to its guests. About Carnival Corporation & plc Carnival Corporation & plc is the largest global cruise company and among the largest leisure travel companies, with a portfolio of world-class cruise lines – AIDA Cruises, Carnival Cruise Line, Costa Cruises, Cunard, Holland America Line, P&O Cruises, Princess Cruises, and Seabourn. For more information, please visit www.carnivalcorp.com, www.aida.de, www.carnival.com, www.costacruises.com, www.cunard.com, www.hollandamerica.com, www.pocruises.com, www.princess.com, and www.seabourn.com. To learn more about Carnival Corporation's purpose and our positive impact worldwide on people and the planet, go to www.carnivalcorp.com/impact/. SOURCE Carnival Corporation & plc WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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