Thursday, September 13, 2012

CSX ranks high on carbon disclosure index

Written by  Luther S. Miller, Senior Consulting Editor

CSX Corp. announced Thursday that for the third year in a row the company earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI), and for the first time is recognized on the CDP Global 500 Carbon Disclosure Leadership Index.

"Environmental stewardship and transparency continue to be top priorities for CSX," said CSX Chairman, President, and CEO Michael J. Ward, "This honor is evidence of CSX's continued recognition that environmentally-responsible operations are good for our customers, for our communities, and for our shareholders."

CSX noted that it is only railroad listed on either disclosure index and its score of 95 was the fourth-highest on the 53-company S&P 500 CDLI and second-highest for S&P industrial companies. The score also placed the company fourth among all global industrial companies.

"Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use," said Paul Simpson, chief executive officer of CDP. "They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities."