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Rail News Home Rail Industry Trends

12/14/2023



Rail News: Rail Industry Trends

CN, CPKC, CSX, UP land on Dow Jones Sustainability Indices


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Editor's note: This story has been updated with Union Pacific's announcement.

CN, Canadian Pacific Kansas City, CSX and Union Pacific Corp. have been named to 2023 Dow Jones Sustainability Indices (DJSI), the Class Is announced this week.

The DJSI North America Index comprises North American sustainability leaders that represent the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index (BMI). The Dow Jones Sustainability World Index comprises global sustainability leaders that represent the top 10% of the largest 2,500 companies in the S&P Global BMI based on long-term economic, environmental and social criteria.

CN earned spots on the World and North American DJSI for the 12th and 15th consecutive year, respectively.


"At CN, sustainability is core to how we do business and an essential part of our culture. Our inclusion on the prestigious Dow Jones Sustainability Indices is a testament to our team of railroaders who make it their mission to deliver responsibly every day, in all areas of our business for all our stakeholders," said
Ghislain Houle, CN's executive vice president and chief financial officer, in a press release.

To learn more about CN's efforts on the sustainability front, click here.

CPKC was named to both the World and North American DJSI for 2023. This is the first year for the newly formed CPKC to be listed. CPKC was created earlier this year with the merger of Canadian Pacific and Kansas City Southern. In 2022, CP was listed on the DJSI World Index for the first time and the North America Index for the third consecutive year.

"We are incredibly proud that CPKC's efforts in sustainability and climate action have been recognized with our inclusion in the DJSI World and North America Indices," said CPKC President and CEO Keith Creel in a press release. "This has been a transformational year for our new, combined company and we remain committed to being an industry leader with our sustainability commitments as we grow our business for the future."

Click here for more information about CPKC's sustainability initiatives.

CSX was included in the DJSI North America, marking the 13th consecutive year the company will appear in the regional index tied to corporate sustainability performance.

"Participating in the CSA and being a member of the DJSI North America for 13 years in a row is a badge of honor for CSX and a validation of our sustainability commitment," said CSX President and CEO Joe Hinrichs, in a press release. "Rail and rail-based transportation solutions have inherent environmental advantages over trucking that help our customers reach their carbon reduction goals, yet CSX continues to pursue alternative fuel and fuel-efficiency technologies that further improve our environmental performance."

To view CSX's most recent environmental, social and governance report, click here.

UP today announced it was named to both the World and North American DJSI. UP is the first U.S. Class I to be on the World Index.

"Recognition in the DJSI is a testament to Union Pacific's transparent progress to reduce our environmental impact, enhance the value we bring employees through meaningful work and meet the highest ethical standards,” said UP President Beth Whited in a press release.

This is UP’s second year on the North American DJSI Index. The railroad regularly reports its progress in all areas of environmental, social and governance practices through its Building America ReportClimate Action Plan and We Are One reports.



Contact Progressive Railroading editorial staff.

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