Last updated on April 16, 2014 at 12:59 EDT

CN recognized by Carbon Disclosure Project for climate change disclosure, named to Dow Jones Sustainability World Index

October 17, 2012

MONTREAL, Oct. 17, 2012 /PRNewswire/ – CN (TSX: CNR) (NYSE: CNI) has
been commended by the Carbon Disclosure Project (CDP) for its approach
to the disclosure of climate change information. The CDP represents 655
institutional investors with US$78 trillion in assets under management.

For the fourth consecutive year, CN is featured in CDP’s “Carbon
Disclosure Leadership Index.” This index, a key component of CDP’s
annual Canada 200 report, highlights the constituent companies within
the Canada 200 Index that have displayed the most professional approach
to corporate governance regarding climate change information disclosure
practices. Companies are scored on their climate change disclosure,
measuring the quality of internal data management and the understanding
of issues related to climate change issues that affect the company.
Click here to view the CDP report.

The index, compiled by Accenture on behalf of CDP, provides an
evaluation tool for institutional investors and other stakeholders. In
2012 it comprises the leading 10 per cent of companies (20) from the
Canada 200 Index based on analysis of the responses to CDP’s
questionnaire which focused on greenhouse gas emissions, emissions
reduction targets, and risks and opportunities associated with climate

Claude Mongeau, president and chief executive officer of CN, said: “We
have made significant strides in our sustainability agenda, which is
focused on lowering emissions, increasing energy efficiency, reducing
waste, and encouraging environmental stewardship among our employees
and in the communities we serve. CN leads the North American rail
industry in fuel efficiency, but is also working hard to advance its
sustainability agenda across all facets of the enterprise to decrease
our environmental impact.”

Paul Simpson, chief executive officer of CDP, said: “Companies that make
the Carbon Disclosure Leadership Index have demonstrated strong
internal data management practices for the measurement of greenhouse
gas emissions and energy use. They are also giving clear consideration
to the business issues related to climate change and their exposure to
climate-related risks and opportunities. This is vital to realizing
greater efficiencies, protecting the business from risk, and
capitalizing on opportunities.”

CN also said today that its sustainability practices have earned it a
place on the Dow Jones Sustainability Index (DJSI) North America for
fourth straight year, and, for the first time, on the DJSI World Index.
The DJSI follows a best-in-class approach, surveying sustainability
leaders from each industry on a global level. The annual review of the
DJSI family is based on a thorough analysis of economic, environmental
and social performance, assessing issues such as corporate governance,
risk management, branding, climate change mitigation, supply chain
standards and labour practices. Click here to link with the DJSI website.

“We are very pleased with the Carbon Disclosure Project’s recognition of
CN’s leadership in disclosing climate change information, as well as
recognition from the Dow Jones Sustainability World Index,” said

About CDP
The Carbon Disclosure Project (CDP) is an international, not-for-profit
organization holding the only global system for companies and cities to
measure, disclose, manage and share vital environmental information.
CDP harnesses the power of market forces, including 655 institutional
investors with assets of US$78 trillion, to collect information from
companies on their greenhouse gas emissions and assessment of climate
change and water risk and opportunity. CDP now holds the largest
collection globally of primary climate change and water data and puts
these insights at the heart of strategic business, investment and
policy decisions. For more information, visit www.cdproject.net.

About DJSI
Launched in 1999, the Dow Jones Sustainability Indexes are the first
global indexes tracking the financial performance of the leading,
sustainability-driven companies.

About CN
CN – Canadian National Railway Company and its operating railway
subsidiaries – spans Canada and mid-America, from the Atlantic and
Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver,
Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala.,
and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit,
Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul,
Memphis, and Jackson, Miss., with connections to all points in North
America. For more information on CN, visit the company’s website at www.cn.ca.

Forward-Looking Statements
Certain information included in this news release constitutes
“forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and under Canadian
securities laws. CN cautions that, by their nature, these
forward-looking statements involve risks, uncertainties and
assumptions.  The Company cautions that its assumptions may not
materialize and that current economic conditions render such
assumptions, although reasonable at the time they were made, subject to
greater uncertainty. Such forward-looking statements are not guarantees
of future performance and involve known and unknown risks,
uncertainties and other factors which may cause the actual results or
performance of the Company or the rail industry to be materially
different from the outlook or any future results or performance implied
by such statements. Important factors that could affect the above
forward-looking statements include, but are not limited to, the effects
of general economic and business conditions, industry competition,
inflation, currency and interest rate fluctuations, changes in fuel
prices, legislative and/or regulatory developments, compliance with
environmental laws and regulations, actions by regulators, various
events which could disrupt operations, including natural events such as
severe weather, droughts, floods and earthquakes, labor negotiations
and disruptions, environmental claims, uncertainties of investigations,
proceedings or other types of claims and litigation, risks and
liabilities arising from derailments, and other risks and assumptions
detailed from time to time in reports filed by CN with securities
regulators in Canada and the United States. Reference should be made to
“Management’s Discussion and Analysis” in CN’s annual and interim
reports, Annual Information Form and Form 40-F filed with Canadian and
U.S. securities regulators, available on CN’s website, for a summary of
major risks.

CN assumes no obligation to update or revise forward-looking statements
to reflect future events, changes in circumstances, or changes in
beliefs, unless required by applicable Canadian securities laws. In the
event CN does update any forward-looking statement, no inference should
be made that CN will make additional updates with respect to that
statement, related maters, or any other forward-looking statement


Source: PR Newswire