Monday, June 17, 2013

Highlights from CSX's Corporate Sustainability Report

Written by  William C. Vantuono, Editor-in-Chief
CSX on Tuesday, June 17 released its 2012 Corporate Social Responsibility (CSR) report detailing the company’s environmental, social, governance, and financial performance. The full report is accessible at the company’s microsite, www.CSXCSR.com,which highlights CSX’s sustainability and corporate citizenship efforts.

The CSR report measures CSX’s environmental performance and documents the company’s commitment to managing its environmental footprint. Key environmental achievements in 2012 included:

• Progressing toward CSX’s goal to reduce GHG (greenhouse gas) emissions intensity between 6% and 8% from 2011 levels by 2020.

• Continuing to invest in technologies to improve fuel efficiency and reduce emissions from locomotives.

• Training nearly 30,000 employees in environmental stewardship programs.

The report also discusses CSX’s role as an employer and corporate citizen. “In 2012, CSX continued to support local communities where it operates, and to strengthen a diverse, engaged workforce through many accomplishments,” CSX said. “We achieved exceptional safety results, including the fewest ever employee injuries toward the goal of zero injuries; hired approximately 2,400 employees, 26% of which were military veterans; provided more than $14 million in corporate giving to communities; logged more than 26,000 hours of employee volunteer time, an increase of more than 6,000 over the previous year; and partnered with numerous national and local organizations, including City Year, Future Farmers of America, National Safe Place, Dignity U Wear, Alliance for Community Trees, and The Nature Conservancy, as well as public-private partnerships like the innovative, ongoing High Line project in New York City.”

Detailed in the report is CSX’s “continued focus on fostering profitable, responsible growth, delivering strong financial performance for its shareholders. CSX made capital investments of $2.3 billion in 2012 in its network, including investments related to public-private partnerships, to ensure the company’s ability to continue delivering excellent customer service. CSX plans to make capital investments of $2.3 billion in 2013 as well. The report also provides an insightful look at CSX’s business markets, including a detailed review of the diverse portfolio of products transported over its network.”

“At CSX, we are committed to the relentless pursuit of excellence,” said Chairman, President, and CEO Michael J. Ward. “Operating a sustainable, transparent company is an important element of this commitment, and our CSR report demonstrates how we put these values into practice. ItÆs also evidence that CSX’s environmental stewardship and employee and community engagement work in tandem with our continued strong financial and operational performance. Our CSR report is both a comprehensive review of the past year and our guide for the future. Our goal is to use this report to engage further in important conversations with our stakeholders about how CSX can continue to be a leader in sustainability in 2013 and beyond.”

CSX’s 2012 CSR report was prepared in accordance with the Global Reporting Initiative (GRI) G3.1 Sustainability Reporting Guidelines, and is self-declared to be a GRI Application Level B report. GRI is a globally recognized reporting framework for environmental, social, and governance performance. The content and direction of the report was informed, in part, by the issues and concerns raised during the company’s ongoing engagement with employees, customers, investors, community and NGO partners, regulators, and suppliers.