MONTREAL - CN (TSX: CNR) (NYSE: CNI) has been identified as a global leader in the corporate response to climate change and has been awarded a position on this year’s Climate A List by CDP, the non-profit global environmental disclosure platform.
CN is among five per cent of companies participating in CDP’s climate change program to be featured on the 2017 Climate A List. This is in recognition of CN’s actions in the last reporting year to cut emissions, mitigate climate risks and develop the low-carbon economy.
The 2017 Climate A List is comprised of 112 global companies, and is published alongside similar lists for corporate leadership on water and forests. The Climate A List has been produced at the request of 827 investors with assets of over US$100 trillion. Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology.
Luc Jobin, CN president and chief executive officer, said: “We are pleased to be recognized by the CDP for the ninth straight year and proud of CN’s continued leadership on climate change action. Over the past 20 years, we have reduced our locomotive emission intensity by 39 per cent while achieving record growth in the volume of freight we move.”
CDP’s Executive Chair Paul Dickinson said: “Congratulations to all the companies that made it onto the Climate A List this year. It’s inspiring to see so many taking bold action to mitigate the risks of climate change and grasp the opportunities that come with the transition to a sustainable economy. As we approach a tipping point on environmental action, business is absolutely central to making that transition happen.”
The Climate A List and full company scores are available on CDP’s website: https://www.cdp.net/en/scores-2017
The scores are released on the same day as CDP’s second annual analysis in the series: Tracking progress on corporate climate action. This year’s assessment reveals that more companies are setting increasingly ambitious and longer-term climate targets, while the transition to a low-carbon economy is also driving product innovation and the uptake of new tools for change.