CN recognized for climate change transparency with CDP leadership position
MONTREAL, Oct. 2, 2013 /PRNewswire/ – CN (TSX: CNR) (NYSE: CNI) has
earned a position of leadership for the quality of climate change data
it has submitted to the global marketplace through CDP, the world’s
only global environmental disclosure system.
The achievement was announced in the CDP Canada 200 Climate Change
Report 2013, which tracks how Canada’s largest listed companies are
acting in response to a changing climate.
At the suggestion of 722 investors representing US$87 trillion in
assets, CN took part in CDP’s climate change program, designed to
facilitate the management of greenhouse gas emissions and identify the
risks and opportunities associated with climate change.
For the fourth consecutive year, CN has earned a position in CDP’s
Canada 200 Climate Disclosure Leadership Index. This annual index
highlights the largest 200 companies listed on the Toronto Stock
Exchange (Canada 200) that have displayed a strong approach to the
disclosure of information regarding climate change.
Claude Mongeau, president and chief executive officer of CN, said: “We
are proud of our achievements over the past year and are pleased with
the CDP’s recognition of CN’s leadership on disclosure for the fourth
consecutive year. Delivering responsibly is a core element of our
business agenda and environmental sustainability is a strategic
priority for CN, which is focused on lowering emissions, increasing
energy efficiency, reducing waste, and encouraging environmental
stewardship among our employees.
“CN leads the North American rail industry in fuel efficiency,
consuming, overall, approximately 15 per cent less fuel per
gross-ton-mile than the rail industry average. CN is working hard to
improve the fuel efficiency of its trains and is engaging its
employees, through its EcoConnexions program, as part of its
comprehensive plan to reduce its carbon footprint. CN is also testing
locomotives fueled by natural gas to explore the feasibility of the
Paul Simpson, chief executive officer of the CDP, said: “Canadian
companies that score highly enough to be included in the Climate
Disclosure Leadership Index are responding to the call for greater
corporate climate accountability. They have demonstrated leading
practice on the measurement of greenhouse gas emissions and energy use,
and transparency of their climate change strategy.”
The Canada 200 report including names of companies featured in the
Carbon Disclosure Leadership Index can be found at www.cdp.net.
CDP, formerly known as the Carbon Disclosure Project, is an
international, not-for-profit organization providing the only global
system for companies and cities to measure, disclose, manage and share
vital environmental information. CDP works with market forces,
including 722 institutional investors with assets of US$87 trillion, to
motivate companies to disclose their impacts on the environment and
natural resources and take action to reduce them. CDP now holds the
largest collection globally of primary climate change, water and forest
risk commodities information and puts these insights at the heart of
strategic business, investment and policy decisions. For more
information, please visit www.cdp.net or follow the group @CDP to find out more.
CN (TSX: CNR)(NYSE: CNI) is a true backbone of the economy,
transporting approximately C$250 billion worth of goods annually for a
wide range of business sectors, ranging from resource products to
manufactured products to consumer goods, across a rail network spanning
Canada and mid-America. CN – Canadian National Railway Company, along
with its operating railway subsidiaries — serves the cities and ports
of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and
Mobile, Ala., and the metropolitan areas of Toronto, Edmonton,
Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior,
Wis., 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.