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Rail News: CSX Transportation
9/20/2012
Rail News: CSX Transportation
CSX again makes Dow Jones list of top sustainability performers
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Yesterday, CSX Corp. announced it was named to the North American Dow Jones Sustainability Index (DJSI) for the second straight year and was the only U.S. railroad listed for 2012.
The Class I received high marks for its climate change strategies and environmental management efforts, as well as for corporate governance and human capital development, CSX officials said in a prepared statement.
CSX recently committed to reducing its greenhouse-gas emissions intensity 6 percent to 8 percent by 2020. In addition, the railroad has budgeted $2.25 billion for capital investments in 2012, including funds for a number of critical infrastructure and strategic initiatives.
"Over the last several years, we have witnessed a continued and growing interest in long-term investment strategies that include sustainability investing," said David Blitzer, managing director and chairman of the S&P Dow Jones Index Committee, S&P Dow Jones Indices.
A partnership between the Dow Jones Indexes and SAM Sustainability Assessments, the DJSI rates the top corporate performers in financial performance and sustainable business practices. Each year, Dow Jones and SAM invite the world's 2,500 largest companies to report on their sustainability practices according to certain economic, environmental and social criteria.
"Sustainable practices improve today's operations and position CSX for a strong future," said CSX Chairman, President and Chief Executive Officer Michael Ward. "CSX remains committed to transparency and accountability, and will continue to implement new sustainability strategies as our business grows."
The Class I received high marks for its climate change strategies and environmental management efforts, as well as for corporate governance and human capital development, CSX officials said in a prepared statement.
CSX recently committed to reducing its greenhouse-gas emissions intensity 6 percent to 8 percent by 2020. In addition, the railroad has budgeted $2.25 billion for capital investments in 2012, including funds for a number of critical infrastructure and strategic initiatives.
"Over the last several years, we have witnessed a continued and growing interest in long-term investment strategies that include sustainability investing," said David Blitzer, managing director and chairman of the S&P Dow Jones Index Committee, S&P Dow Jones Indices.
A partnership between the Dow Jones Indexes and SAM Sustainability Assessments, the DJSI rates the top corporate performers in financial performance and sustainable business practices. Each year, Dow Jones and SAM invite the world's 2,500 largest companies to report on their sustainability practices according to certain economic, environmental and social criteria.
"Sustainable practices improve today's operations and position CSX for a strong future," said CSX Chairman, President and Chief Executive Officer Michael Ward. "CSX remains committed to transparency and accountability, and will continue to implement new sustainability strategies as our business grows."
