CN announced it is the first North American railroad to formally support the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), joining more than 1,500 organizations worldwide.
TCFD was established by the international Financial Stability Board in 2015, and published recommendations in 2017 for reporting climate-related financial disclosures to lenders, insurers, investors and other stakeholders.
CN said it has released its first TCFD report as part of a “long-standing commitment to transparent disclosure on Environmental, Social, and Governance (ESG) matters.” (Download the report below.) The railroad’s approach to sustainability disclosure is said to align with international standards, including the UNGC (United Nations Global Compact), the GRI (Global Reporting Initiative), the SASB (Sustainability Accounting Standards Board), the UNSDG (United Nations Sustainable Development Goals), and the World Bank Mobility Goals.
“We are working to build a strong environmental legacy of leadership, by means of carbon-efficient operations, conserving resources, and protecting and restoring natural ecosystems,” CN President and CEO JJ Ruest noted.
Download the CN 2019 TCFD report: