RESOLVED: Shareholders request the Board of Directors of Carnival adopt a comprehensive policy articulating our Company’s commitment to respect human rights, which includes a description of proposed due diligence processes to identify, assess, prevent, and mitigate actual and potential adverse human rights impacts.

Whereas, recent global estimates found that 40 million people were victims of modern slavery, including 25 million who are trapped conditions of forced labor in extended private sector supply chains, generating over $150 billion in profits for illegal labor recruiters and employers through underpayment of wages. Of these workers, over 70% are in debt bondage and forced to work in industries such as manufacturing and globally, migrant workers are prime targets for exploitation.

Corporations have a responsibility to respect human rights within company-owned operations and business relationships. This expectation is delineated in the UN Guiding Principles on Business and Human Rights.1 Societal expectations have increased, requiring companies to conduct human rights due diligence, informed by the core international human rights instruments to assess, identify, prevent, and mitigate adverse human rights impacts. Regulatory requirements in the State of California, the United Kingdom, Australia, and France also require companies to report on their actions to eradicate human trafficking and slavery. Any company directly or indirectly employing migrant workers must have a policy that assesses if workers are being recruited into debt bondage, forced labor, and ultimately, slavery.

As a member of the international travel and tourism industry, Carnival Corporation faces significant human rights risks from its global operations and supply chains. Robust human rights due diligence, including a human rights impact assessment informed by meaningful stakeholder consultation, would help prevent harm, reduce fines for violations, and preserve the company’s social license to operate and future business opportunities.

While Carnival’s Business Partner Code of Conduct and Ethics includes language on labor and human rights, there is inadequate disclosure demonstrating effective implementation of and compliance with the Company’s human rights commitments throughout the value chain. Additionally, there is insufficient information regarding the Company’s procedures for identifying and remediating adverse human rights impacts in its operations and supply chain.

A public human rights policy that articulates the Company’s commitment to respect human rights and its efforts to avoid contributing to adverse human rights impacts would assure shareholders that these risks are being adequately managed.

The UNGP’s establish that such a policy:

• Refer to internationally recognized human rights

• Stipulate that the human rights expectations of personnel, business partners and other parties directly linked to its operations, products or services be publicly available and be communicated internally and externally to all personnel, business partners and other relevant parties;

• Apply throughout the company’s value chain and in all operating environments regardless of legal framework; and,

• Be embedded through all company functions and reflected in operational policies and procedures.

1. https://www.business-humanrights.org/en/un-guiding-principles