Friday, February 17, 2012

Norfolk Southern earns "Clean Capitalism" honor

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Norfolk Southern Corp. said Friday it has earned the top ranking among railroads in the S&P 500 Clean Capitalism Ranking, published by Corporate Knights, a media, research, and financial products.

The 2012 ranking transparently ranked companies in the S&P 500 based on 11 key performance indicators, including carbon productivity, energy productivity, safety productivity, highest executive pay to average employee ratio, leadership diversity, and percent of tax paid in cash, with data collected by Corporate Knights and verified with The Bloomberg Professional service. Companies were ranked relative to their industry peers.

"Norfolk Southern's recognition in Corporate Knights' S&P 500 Clean Capitalism Ranking is a great honor for both our company and our employees," said Blair Wimbush, NS corporate sustainability officer. "It reflects our commitment to proactive management of sustainability issues and strong stakeholder communication."

Among the S&P 500, Norfolk Southern ranked 66.

NS on Tuesday said it had signed an agreement with two fuel suppliers to supply renewable diesel to the Class I railroad.