“Union Pacific’s sustainability approach requires engaging with our four key stakeholder groups to understand their evolving needs, ultimately creating competitive advantages for customers, job stability for employees, solid returns for our shareholders, and economic strength and improved quality of life in the 7,000 communities where we operate,” said Lance Fritz, UP’s chairman, president and chief executive.
Fritz added that the Omaha-based railroad is proud of the work it accomplished in 2017.
“[We] are inspired to continue carrying out our company’s mission of service,” he said.
Union Pacific said it implements the reporting standards of the Global Reporting Initiative for guidance as the Class I reports issues pertaining to economic impact, operating safely, strengthening communities, engaging employees and preserving the environment.
Key accomplishments outlined in this year’s report include:
- An A- rating on the CDP’s Climate Change Survey, UP’s 10th consecutive year of submitting climate change data;
- Its best-ever fuel consumption rate, improving 1.7%, compared to the 0.8% improvement in 2016;
- Plans to build a $550 million rail yard near Hearne, Texas, which would be the largest capital investment in a single facility in the railroad’s history;
- Nearly 6% more of UP’s critical suppliers purchased goods and services from minority-, women- and veteran-owned businesses, which UP says showed support for the railroad’s diversity initiatives;
- Its best employee safety performance for the third consecutive year.
More information about UP’s sustainability goals and initiatives is available here.