UP issues annual sustainability report

Union Pacific Railroad yesterday released its ninth annual sustainability report, which details the company's progress on social, economic and environmental initiatives during 2017.

UP applies the Global Reporting Initiative's reporting standards to report the company's social responsibility issues, including economic impact, operating safely, strengthening communities, engaging employees and preserving the environment.

"Union Pacific's sustainability approach requires engaging with our four key stakeholder groups to understand their evolving needs, ultimately creating competitive advantages for customers, job stability for employees, solid returns for our shareholders, and economic strength and improved quality of life in the 7,000 communities where we operate," said Lance Fritz, chairman, president and chief executive officer, in a press release.

UP's 2017 Building America Report can be read here.