CSX Corporation announced that the company earned a place on the Carbon Disclosure Project (CDP) S&P 500 Carbon Disclosure Leadership Index (CDLI) for the third consecutive year, and for the first time is recognized on the CDP Global 500 Carbon Disclosure Leadership Index.
These leadership indices recognize companies that display a strong commitment to climate change information disclosure.
“Environmental stewardship and transparency continue to be top priorities for CSX,” said Michael J. Ward, chairman, president and chief executive officer. “This honor is evidence of CSX’s continued recognition that environmentally-responsible operations are good for our customers, for our communities, and for our shareholders.”
CSX is the only railroad listed on either disclosure index and its score of 95 was the fourth-highest on the 53-company S&P 500 CDLI and second-highest for S&P industrial companies. The score also placed the company fourth among all global industrial companies.
CSX’s score was based on the company’s responses to CDP’s questionnaire, which focuses on greenhouse gas emissions, emissions reduction targets and the risks and opportunities associated with climate change. The CDP represents 655 institutional investors with $78 trillion in assets.
“Companies that make the Carbon Disclosure Leadership Index have demonstrated strong internal data management practices for the measurement of greenhouse gas emissions and energy use,” said Paul Simpson, chief executive officer of CDP. “They are also giving clear consideration to the business issues related to climate change and their exposure to climate-related risks and opportunities. This is vital to realizing greater efficiencies, protecting the business from risk and capitalizing on opportunities.”
This year, CSX committed to reducing greenhouse gas emissions intensity by 6 to 8 percent by 2020, after reaching its previous goal of an 8 percent reduction one year ahead of schedule.
“As CSX invests in our network to meet America’s growing freight transportation needs, innovative solutions that increase efficiency and reduce the use of valuable resources continues to be a critical component of our strategy,” said Ward.
A complete copy of the CDP report is available for download from its homepage: www.cdproject.net. For detailed information on CSX’s environmental initiatives, visit CSX’s corporate social responsibility site at www.csxcsr.com.