|Delayed - 01/20 10:44:30 am|
Canadian National Railway : CN Becomes Supporter of Task Force on Climate-related Financial Disclosures; Report Marks New Milestone for Sustainability for Railroad Industry
|11/24/2020 | 10:19am|
CN is the first North American railroad company to formally support the framework, which promotes more effective climate-related financial disclosures, joining more than 1,500 organizations globally. Putting words into action, CN is proud to release its first TCFD report. The report outlines the incorporation of climate change risks and opportunities in the management of CN's business and operations and our commitment towards a more sustainable future.
JJ Ruest, president and chief executive officer of CN
CN's TCFD report reinforces the Company's long-standing commitment to transparent disclosure on Environmental, Social, and Governance (ESG) matters through its Delivering Responsibility and CDP (
CN continues to lead the North American rail industry in fuel consumption, by consuming approximately 15% less locomotive fuel per gross ton-mile than the average of the Class 1 peers. Since 1993, CN has reduced its locomotive emission intensity by 40%, avoiding 46 million tons of carbon. With approximately 85% of its GHG emissions generated from rail operations, the Company aims to continue to decouple its growth from GHG emissions to achieve its long-term science-based target and limit and reduce its absolute direct and indirect emissions.
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout
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