CSX Corporation announced that it achieved the best score among Class One freight railroads in the Carbon Disclosure Project’s (CDP) 2008 Report and third best in the overall Transports and Logistics category.
CDP is a not-for-profit organization representing the interests of 385 mostly-institutional investors with more than $57 trillion in assets under management. CDP’s role is to, “act as an intermediary between shareholders and corporations on all climate change related issues, providing primary climate change data from the world’s largest corporations, to the global market place.”
CSX’s Climate Leadership Index score was compiled by aggregating its weighted answers in a CDP questionnaire split into four sections covering: risks and opportunities; emissions accounting; performance against targets; and governance.
“CSX is committed to providing a high level of transparency and disclosure to investors and other interested parties concerning the company’s long-term environmental strategy and climate related risks,” said Oscar Munoz, CSX Executive Vice President and Chief Financial Officer. “CSX provides the most environmentally friendly way to meet the nation’s demand for freight transportation and is committed to continuing to provide value for both our customers and shareholders while taking meaningful steps to address the important concerns of climate change.”