CP Releases Sustainability Report

“We are resolute in our approach to sustainability and to meeting the needs of our key stakeholders and the broader environment,” said Keith Creel, CP President and CEO.

CP has released Sustainably Driven, its 2019 corporate sustainability report and new framework for sustainability reporting, highlighting the company's successes and achievements in the areas of safety, operational excellence and social impact.

The data supplement “is a significant milestone in CP’s journey toward a higher level of reporting and stronger environmental, social and governance practices. This supplement represents the first time CP has been able to report its full Scope 3 greenhouse gas (GHG) emissions, an important step to understanding the broader impact of CP’s business. All emissions reported in the supplement have the highest level of third-party assurance.”

Key sustainability highlights include:

Safety

• In 2019, CP continued to lead as North America’s safest Class I railway with the lowest Federal Railroad Administration (FRA) reportable train accident frequency for the 14th consecutive year.
• CP achieved a 23% reduction in personal FRA-reportable employee personal injuries since implementation of its Home Safe program in 2016.

Operational excellence

• Since 1990, CP has improved its locomotive fuel efficiency by 43% through initiatives designed to improve fuel economy and reduce air pollution emissions.
• Transportation of freight by rail is three to four times more fuel-efficient than highway transport, helping further reduce GHG emissions.
• CP increased its intermodal traffic by nearly 5% in 2019, transporting an additional 1.3 billion revenue ton-miles of freight by rail.
• In 2019, CP completed more than 86,000 main-track inspections on more than 1.8 million main-track miles.
• Since 2015, CP has decreased water consumption by nearly 60% network-wide.

Social Impact

• In 2019, CP raised $640,000 in support of the Homes for Heroes Foundation and its initiative of building homes for homeless veterans through its Spin for a Veteran event and supplier golf tournament.
• CP hired 126 Canadian and U.S. veterans in 2019.
• In 2019, CP provided respectful and inclusive workplace training to more than 2,700 employees. An additional 1,496 employees received Indigenous cultural awareness training as part of CP’s support for diversity and inclusion in its workplace.

Sustainably Driven can be seen here:

“CP is committed to operating in an ethical and responsible manner that considers our obligations to employees, customers, communities and shareholders,” said Keith Creel, CP President and CEO. “We are resolute in our approach to sustainability and to meeting the needs of our key stakeholders and the broader environment.”