Friday, October 30, 2009

Carbon Disclosure Project: BNSF Railway shines

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BNSF Railway Co. said Friday it leads surface transportation providers in climate change disclosure, according to the Carbon Disclosure Project (CDP), which represents 475 institutional investors with $55 trillion in assets under management.

CDP is an independent not-for-profit organization which claims to hold the largest database of corporate climate change information in the world. CDP gathers data through its annual Information Requests on behalf of institutional investors, purchasingorganizations and government bodies.

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BNSF is featured in the CDP’s Carbon Disclosure Leadership Index within both the S&P 500 Index and FTSE Global 500 Index. The indices are key components of CDP’s annual Global 500 Report and S&P 500 Report. These reports highlight the constituent companies within the FTSE Global 500 Index and the S&P 500 Index that have displayed the most professional approach to corporate governance in respect of climate change disclosure practices. Companies are scored on their climate change disclosure. High scores indicate good internal data management and understanding of climate change related issues affecting the company. BNSF was the only railroad to be featured in either CDP Leadership Index. 

“BNSF is pleased to be recognized for its efforts in climate change disclosure,” said BNSF Chairman, President, and CEO Matthew K. Rose. “Climate change continues to be a major concern for the global community, and BNSF is focused on both the potential impact of changes in ourclimate and our role in protecting the environment. Railroads are the most environmentally preferred mode of surface transportation, and BNSF is an industry leader. We play a vital role in our nation’s economy while reducing emissions, saving fuel, and relieving highway congestion.”

The indices, compiled by PricewaterhouseCoopers (PwC) on behalf of CDP, provide an evaluation tool for institutional investors. It comprises 50 constituents of the Global 500 Index and 50 constituents of the S&P 500 Index based on analysis of the responses to CDP’s 2009 Questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.