CN’s achievement was announced in the CDP Canada 200 Climate Change Report 2013, which tracks how Canada’s largest Toronto Stock Exchange (TSX)-listed companies are acting in response to a changing climate.
At the suggestion of 722 investors representing US$87 trillion in assets, CN took part in CDP’s climate change program, designed to facilitate the management of greenhouse gas emissions and identify the risks and opportunities associated with climate change,” CN said. “For the fourth consecutive year, CN has earned a position in CDP’s Canada 200 Climate Disclosure Leadership Index. This annual index highlights the largest 200 companies listed on the Toronto Stock Exchange (Canada 200) that have displayed a strong approach to the disclosure of information regarding climate change.”
“We are proud of our achievements over the past year and are pleased with the CDP’s recognition of CN’s leadership on disclosure for the fourth consecutive year,” said CN President and CEO Claude Mongeau. “Delivering responsibly is a core element of our business agenda. Environmental sustainability is a strategic priority for CN, which is focused on lowering emissions, increasing energy efficiency, reducing waste, and encouraging environmental stewardship among our employees.
“CN leads the North American rail industry in fuel efficiency, consuming, overall, approximately 15% less fuel per gross-ton-mile than the rail industry average. CN is working hard to improve the fuel efficiency of its trains and is engaging its employees, through its EcoConnexions program, as part of its comprehensive plan to reduce its carbon footprint. CN is also testing locomotives fueled by natural gas to explore the feasibility of the technology.”
“Canadian companies that score highly enough to be included in the Climate Disclosure Leadership Index are responding to the call for greater corporate climate accountability,” said CDP CEO Paul Simpson. “They have demonstrated leading practice on the measurement of greenhouse gas emissions and energy use, and transparency of their climate change strategy.”