Tuesday, June 24, 2014

CSX touts advances in corporate social responsibility

Written by  William C. Vantuono, Editor-in-Chief
CSX’s 2013 Corporate Social Responsibility (CSR) Report “shows continued progress in 2013 on the company’s safety, environmental and community engagement initiatives,” according to Chairman, President and CEO Michael J. Ward.

The full report, accessible on www.CSXCSR.com, details CSX’s financial performance and offers a comprehensive look at the markets CSX serves as well as progress related to sustainability, governance, corporate citizenship, and other initiatives. The fourth edition of the company’s CSR report highlights key accomplishments in 2013.

CSX said it “remained the nation’s safest railroad, with the lowest rates of employee injuries; achieved the company’s most fuel efficient year ever (CSX can move a ton of freight 470 miles on a single gallon of fuel”; progressed toward our goal to reduce the company’s greenhouse gas emissions intensity between 6% and 8% percent from 2011 levels by 2020; hired more than 2,300 employees, about 30% of whom are military veterans; collaborated with customers to develop 121 new or expanded facilities on the network, representing $3 billion in customer investments and more than 1,600 new job opportunities; provided more than $16 million in corporate giving to communities; logged more than 25,000 hours of employee volunteer time; partnered with national and local organizations, including City Year, Future Farmers of America, American Red Cross, Alliance for Community Trees, Action For Healthy Kids, The Nature Conservancy, National Safe Place, and Dignity U Wear.”

CSX also said it invested $2.3 billion in its 21,000 mile network toward maintaining and improving its existing infrastructure and to position itself for long-term growth through expanding network and terminal capacity.

“Corporate Social Responsibility is at the core of CSX’s identity and helps drive our business success,” said Ward. “Our CSR performance is fundamental to our vision to be the safest, most progressive North American railroad, relentless in the pursuit of customer and employee excellence. This report reflects our commitment to maintain transparency and accountability to our customers, employees, shareholders, and the communities we serve.”

CSX’s 2013 CSR report was prepared in accordance with the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. 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 considered most material to the CSX’s stakeholders, including employees, customers, investors, community and NGO partners, regulators, and suppliers.