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10/6/2008
Rail News: Rail Industry Trends
CSX attains high 'climate leadership' marks; CPR lands on magazine's top employers list
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CSX Corp. has achieved the best "climate leadership index" score among the Class Is in the Carbon Disclosure Project's (CDP) 2008 Report, and third-best score in the report's transports and logistics category.
CSX's score is based on aggregated weighted answers in a CDP questionnaire covering four areas: risks and opportunities; emissions accounting; performance against targets; and governance. CDP is a non-profit organization representing the interests of 385 primarily institutional investors managing more than $57 trillion in assets.
"CSX is committed to providing a high level of transparency and disclosure to investors and other interested parties concerning the company's long-term environmental strategy and climate-related risks," said CSX Executive Vice President and Chief Financial Officer Oscar Munoz in a prepared statement.
Meanwhile, Canadian Pacific Railway has been named one of Canada's "Top 100 Employers" of the year by Mediacorp Canada.
CPR was one of about 15,000 companies invited to apply for the award, which recognizes the top firms in their respective industries for attracting and retaining employees.
The Class I's safety culture, benefits and compensation packages for employees and retirees, training and skills development opportunities, and community involvement helped the railroad earn a spot on the list, CPR officials said.
CSX's score is based on aggregated weighted answers in a CDP questionnaire covering four areas: risks and opportunities; emissions accounting; performance against targets; and governance. CDP is a non-profit organization representing the interests of 385 primarily institutional investors managing more than $57 trillion in assets.
"CSX is committed to providing a high level of transparency and disclosure to investors and other interested parties concerning the company's long-term environmental strategy and climate-related risks," said CSX Executive Vice President and Chief Financial Officer Oscar Munoz in a prepared statement.
Meanwhile, Canadian Pacific Railway has been named one of Canada's "Top 100 Employers" of the year by Mediacorp Canada.
CPR was one of about 15,000 companies invited to apply for the award, which recognizes the top firms in their respective industries for attracting and retaining employees.
The Class I's safety culture, benefits and compensation packages for employees and retirees, training and skills development opportunities, and community involvement helped the railroad earn a spot on the list, CPR officials said.
