Carbon Disclosure Project (CDP) has named CN to its annual A List for the seventh time, placing the railroad in the CDP group of companies being recognized for “leadership in corporate transparency and performance on climate change.”
“We are proud to have secured a place on CDP’s A List for the seventh time, as well as being recognized for the thirteenth time,” said CN President and CEO Tracy Robinson. “Achieving the A List on what is widely recognized as the gold standard of corporate environmental transparency is a testament to CN’s commitment to minimizing our impact on the environment and providing cleaner, more sustainable transportation services to our customers. While shipping heavy freight by rail can already reduce carbon emissions by up to 75% when compared to trucks, our position in the supply chain enables us to lead a step-change towards decarbonizing North America’s freight sector, by leveraging and stimulating progress in the development of low-carbon fuels and new locomotive technologies.”
CN joins Canadian Pacific (CP) as one of the companies that achieved an ‘A’ out of nearly 15,000 companies scored, based on data reported through CDP’s 2022 Climate Change questionnaire.
CDP’s annual environmental disclosure and scoring process is “widely recognized as the gold standard of corporate environmental transparency,” the international non-profit organization said. According to CDP, more than 680 investors with more than $130 trillion in assets and 280 major purchases with $6.4 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform in 2022. A record-breaking 18,700 companies responded, the non-profit added.
According to CDP, a detailed and independent methodology is used to assess these companies, allocating a score of A to D based on “the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.” Those that don’t disclose or provided insufficient information are scored an F.
“Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future,” said CDP Global Director of Corporations and Supply Chains Dexter Galvin. “In a year of ever-increasing environmental concerns around the world–from extreme weather to unprecedented losses to nature–the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale–there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List – and those wanting a place on it–do the same.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores.