UP's science-based targets approved for reducing GHG

Union Pacific Railroad today announced it received approval of its science-based targets determining how much and how quickly the company will reduce greenhouse gas emissions (GHG).

The Science Based Targets initiative (SBTi) approved the targets to reduce absolute scope 1 and 2 GHG emissions from the Class I's operations 26% by 2030 against a 2018 baseline, UP officials said in a press release.

"Although we move freight in an environmentally responsible way, we will not be complacent about our operations' impact," said UP Chairman, President and Chief Executive Officer Lance Fritz. "We're proud to solidify our commitment through actions that also will enable our customers to reduce their carbon footprint and protect the environment."

SBTi independently assesses corporate emissions reduction targets in line with what climate scientists say is needed to meet the Paris Agreement goals: limiting global warming to well below 2 degrees C above pre-industrial levels.

Railroads in general are one of the most fuel-efficient means of transportation. Moving freight by rail instead of truck reduces GHG emissions by up to 75%. On average, UP moves a ton of freight 454 miles on a single gallon of diesel fuel.

Committing to achieving the SBTi targets is one piece of UP's environmental, social and governance strategy, company officials said.