MONTREAL, Jan. 29, 2018 /CNW/ - CN (TSX: CNR) (NYSE: CNI) has been identified as a global leader for its actions and strategies to manage environmental issues, and has been awarded a position on the Supplier A List by CDP, the non-profit global environmental disclosure platform.
One hundred companies appear on the A List, which has been produced at the request of 99 CDP supply chain purchasing member organizations with a combined annual spend of over US$3 trillion.
More than 4,800 companies submitted annual supply chain disclosures to CDP in 2017 for independent assessment against its scoring methodology. CN is among the two per cent of organizations participating in CDP's supply chain program to be awarded a position on the Supplier A List, in recognition of its actions to address climate change.
"We are pleased to be recognized by the CDP for CN's leadership on climate action in our customers' supply chain," said Luc Jobin, CN president and chief executive officer. "Shipping by rail reduces greenhouse gas emissions by approximately 75 per cent versus truck. CN works with our customers to offer the environmental benefits of rail, providing solutions to reduce their transportation supply chain emissions, while playing our role as a backbone of the economy."
The Supplier A List is released today in Closing the Gap: Scaling up sustainable supply chain practices, CDP's Global Supply Chain Report 2018, written by CDP using analysis provided by McKinsey & Company. The report reveals that awareness of climate change-related risks and opportunities is increasing across the supply chain. Over three quarters (76 per cent) of suppliers responding to CDP have identified some inherent climate change risks to their business and more than half (52 per cent) report that they have integrated climate change into their business strategy.
"We congratulate the 100 companies recognized on the CDP Supplier A List 2018 that are leading the way to our low-carbon and water-secure future," said Paul Simpson, CDP's chief executive officer. "Environmental action has never been more vital, nor urgent, and companies have a crucial role to play in keeping up the momentum needed to meet the aims of the Paris Agreement.
"The leadership shown by the A List not only points the way for other companies to take action, but also ensures that these leaders are getting well ahead of the curve and positioning themselves to capitalize on the opportunities that await," Simpson added.
CDP is an international non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors, CDP leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. The Supplier A List is available on CDP's website.
CN is a true backbone of the economy whose team of approximately 24,000 railroaders transports more than C$250 billion worth of goods annually for a wide range of business sectors, ranging from resource products to manufactured products to consumer goods, across a rail network of approximately 20,000 route-miles spanning Canada and mid-America. CN – Canadian National Railway Company, along with its operating railway subsidiaries – serves the cities and ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss., with connections to all points in North America. For more information about CN, visit the Company's website at www.cn.ca.
CN and Sustainability
Delivering Responsibly is one of the pillars of what CN stands for. It determines how we conduct our business every day and defines our contribution to building a more sustainable future. A member of the Dow Jones Sustainability World Index and one of Canada's Top 100 Employers, CN's sustainability commitment is anchored in environment, safety, people, community and governance. CN trains are four times more fuel efficient than trucks, reduce highway congestion and air pollution, and lower greenhouse gas emissions.
For further information: Contacts: Media: Patrick Waldron, Senior Manager, Media Relations, (514) 399-8803; Investors: Paul Butcher, Vice-President, Investor Relations, (514) 399-0052