CN recognized for tackling climate issues | Business, finance and technology

MONTREAL — Canadian National Railways has been recognized for its leadership in corporate sustainability by the global environmental nonprofit CDP, earning a spot on its A-list for fighting climate change.

CN was recognized for its actions to reduce emissions, mitigate climate risk and grow the low-carbon economy, based on data reported by the company in CDP’s 2021 questionnaire on climate changes.

CN – which operates a rail line that runs through Kankakee, Iroquois and Will counties – is one of 200 companies to make the list out of nearly 12,000 companies that have been rated. Through “significant and demonstrable climate action,” CN is at the forefront of corporate environmental ambition, action and transparency around the world, according to a press release.

“We are proud to have earned a spot on CDP’s A-list for the sixth time and to be recognized for the 12th time,” CN President and CEO JJ Ruest said in the release. “We are committed to fueling sustainable growth for our customers, our people and our communities.

“Our goal is to conduct our business with minimal impact on the environment while providing cleaner and more sustainable transportation services to our customers.”

Since 1993, CN has reduced the emissions intensity of its locomotives by 43%, avoiding more than 48 million tonnes of GHG emissions, Ruest said.

“CN’s response to CDP 2021 outlines our commitment to supporting the transition to a low-carbon future, complementing our ongoing discussions with investors and the work we are doing with our customers on the issue of climate change,” said he declared.

“Recognizing the urgency of addressing climate change,” the press release said, CN is working to improve its carbon intensity in line with stabilizing global temperatures.

As CN looks to 2030 and beyond, it says decarbonizing rail transportation will continue to require innovative fuel-efficient technologies, greater use of cleaner sustainable fuels, and the design of innovative supply chain solutions. low emission supply. CN officials say the company also recognizes the importance of collaborating with governments, supply chain partners, universities, clean technologies, fuel producers, locomotive/engine manufacturers and working with customers on changing markets and adapting infrastructure to achieve an efficient transition to a low-carbon future. .

Recently, CN announced partnerships for testing renewable fuels and purchasing a battery-electric locomotive for joint pilot projects.

“Congratulations to all of the companies on this year’s A-list,” said Paul Simpson, CEO of CDP. “Taking the lead on environmental transparency and action is one of the most important steps companies can take. …”

“Private sector leadership is key to securing global ambitions for a net-zero, nature-friendly and equitable world. Our A-list celebrates companies that are preparing to excel in the economy of the future by taking action today. »

Teresa H. Sadler