CSX attains highest industrial firm score from Carbon Disclosure Project (9/21/2010)
9/21/2023CSX Corp. recently received a score of 91 in the Carbon Disclosure Project's (CDP) 2010 S&P 500 Report, the highest score for an industrial company, according to the Class I. The railroad was among the top five industrial companies included in the Global Carbon Performance Leadership Index, which recognizes 48 Global 500 companies’ commitment to corporate climate-change disclosure practices.
CSX’s score is based on its responses to CDP's questionnaire regarding greenhouse-gas emissions, emissions reduction targets, and risks and opportunities associated with climate change. Since 2008, the Class I has disclosed its greenhouse-gas emissions and climate change strategies to CDP, a non-profit organization that serves as an intermediary between shareholders and corporations on climate change-related issues by providing climate change data from the world’s largest corporations.
Environmental stewardship is a top priority throughout CSX, railroad officials said in a prepared statement. The Class I was the first transportation company to set a voluntary goal to reduce its greenhouse-gas emissions, they said. CSX has committed to reducing its carbon dioxide intensity 8 percent by 2011 by continuing to improve fuel efficiency.
“Freight demand is projected to grow significantly at the same time that policymakers are working to reduce greenhouse-gas emissions and our dependence on oil,” said CSX Chairman, President and Chief Executive Officer Michael Ward in a prepared statement. “Through sustainability efforts, CSX is positioned to serve as a solution to environmental and energy challenges.”
Source: Progressive Railroading Daily News