CDP (Carbon Disclosure Project) has named Canadian Pacific to its A List for the second consecutive year, placing the railroad in the CDP group of companies “leading action on climate change globally.”
“With more than 18,700 companies disclosing through CDP in 2022, CP is proud to be among the exclusive group of companies on the A List recognized as global leaders,” CP said. “Our CDP score is based on CP’s performance data in 2021, which included enhanced disclosure on board-level oversight of climate-related issues, the company’s climate transition plan and science-based greenhouse gas (GHG) emissions reduction targets. Over the past year, CP’s efforts to advance its climate strategy included further embedding climate considerations in the business through the application of an internal price on carbon and active engagement of CP’s Carbon Reduction Task Force in decision-making. CP’s ongoing engagement with stakeholders on climate change includes its recently released carbon emissions calculator, which enables its customers to estimate GHG emissions of shipping their freight by rail with CP.
“Being named to the A List once again is a significant accomplishment that reflects our commitment to comprehensive environmental disclosure,” said CP President and CEO Keith Creel. “We are proud to be recognized by CDP as a leader in corporate sustainability. We continue to build on the foundation we set in 2021 with the establishment of our climate strategy and GHG emissions reduction targets.”
CDP is an international nonprofit organization that annually assesses organizations on environmental performance and transparency. CP noted it “is a long-standing CDP participant, annually disclosing on progress to strategically reduce GHG emissions across its operations and value chain. Disclosure to CDP reflects CP’s commitment to transparency and complements the company’s broader reporting on its climate actions and efforts to support the transition to a low-carbon economy.”