Canadian Pacific (CP) ranks 34th on the Corporate Knights 2022 Global 100 Index of the most sustainable corporations; it is the first time the Class I railroad has earned on a spot on the annual list.
Wind turbine manufacturer Vestas Wind Systems A/S of Denmark tops the 2022 list, which was released on Jan. 19; also ranked are Stantec Inc. of Canada and Alstom SA of France.
The research division of Corporate Knights Inc., which publishes a magazine with the same name, produces rankings and financial product ratings based on corporate sustainability performance. For the annual Global 100 Index, it analyzes companies against their global industry peers on up to 23 key performance indicators covering resource, employee and financial management, as well as “clean” revenue and investments and supplier performance. In 2022, 6,914 public companies with revenue of more than US$1 billion were assessed.
“We are honored to be recognized by Corporate Knights as a global leader in sustainability and the top-ranked company in the freight transportation sector,” said CP President and CEO Keith Creel, who is Railway Age’s 2022 Co-Railroader of the Year with Kansas City Southern President and CEO Patrick J. Ottensmeyer. “We are proud to be a sustainably driven company and industry leader, and know there is more work to be done on our journey. We will continue to challenge ourselves to look for innovative approaches to advance our sustainability performance.”
In related developments, CP in November was added to the 2021 Dow Jones Sustainability Index (DJSI) North America. In October, the Class I railroad issued its 2020 corporate sustainability report.