CN (TSX: CNR) (NYSE:CNI) said today it has been recognized for excellence in climate-change reporting among Canadian and global corporations surveyed by the Carbon Disclosure Project (CDP).
CN was named to the CDP’s 2010 Canada 200 Carbon Disclosure Leadership Index for the second straight year – only 16 Canadian companies are so recognized — and saw its score on the CDP’s Global 500 report rise to 82 per cent in 2010 from 77 in 2009.
In 2010, the CDP – a not-for-profit organization backed by 534 institutional investors representing more than US$64 trillion of assets under management – surveyed more than 4,700 of the world’s largest corporations on greenhouse gas emissions, the significant risks and opportunities related to climate change, and the actions they are taking to manage those risks and opportunities.
Claude Mongeau, president and chief executive officer of CN, said: “With a deepened commitment to addressing climate change, we are proud of our achievements over the past year and are pleased with the Carbon Disclosure Project’s recognition of CN as a leader in climate change disclosure. CN’s asset-lean precision railroading model, energy-efficient fleet acquisitions and focused fuel conservation practices have contributed to the reduction in CN’s carbon footprint.
“CN intends to continue to extend sustainable operating practices to all aspects of its business, and will continue to work closely with its customers to help them reduce their own carbon footprint. We believe that innovative supply chain solutions will help drive this lower carbon agenda and expand recognition among customers and policymakers to the strong environmental benefits of rail technology.”
In addition to running fuel-efficient operations, CN has pioneered modal shift protocols with the provinces of Alberta and British Columbia that allow companies to generate carbon offsets by shifting freight shipments to rail from truck.
CN has participated in the CDP for the past five years. The CDP holds the largest database of corporate climate change information in the world, making it available to institutional investors, corporations, policymakers and their advisors, public sector organizations, government bodies, academics and the public.
For more information on CN’s response to the CDP questionnaire, please visit
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 of 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 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.
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, St. Louis, and Jackson, Miss., with connections to all points in North America.
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