MONTREAL, Nov. 8, 2011 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) has been commended by the Carbon Disclosure Project (CDP), which represents 551 institutional investors with US$71 trillion in assets under management, for its approach to the disclosure of climate change information.
For the third consecutive year, CN is featured in CDP's "Carbon Disclosure Leadership Index." This index, a key component of CDP's annual Canada 200 report, highlights the constituent companies within the Canada 200 Index which have displayed the most professional approach to corporate governance regarding climate change information disclosure practices. Companies are scored on their climate change disclosure and high scores indicate good internal data management and understanding of climate change related issues affecting the company.
The index, compiled by Accenture on behalf of CDP, provides an evaluation tool for institutional investors and other stakeholders. In 2011 it comprises the leading 10 per cent of companies (20) from the Canada 200 Index based on analysis of the responses to CDP's questionnaire which focused on greenhouse gas emissions, emissions reduction targets and risks and opportunities associated with climate change.
Claude Mongeau, president and chief executive officer of CN, said: "We are proud of our achievements over the past year and are pleased with the Carbon Disclosure Project's recognition of CN's leadership on disclosure. Environmental sustainability is a strategic priority for CN, which is focused on lowering emissions, increasing energy efficiency, reducing waste, and encouraging environmental stewardship among our employees. CN leads the North American rail industry in fuel efficiency, consuming, overall, approximately 10 per cent less fuel per gross-ton-mile than the rail industry average."
Paul Simpson, chief executive officer of the Carbon Disclosure Project, said: "Companies that make the Carbon Disclosure Leadership Index have demonstrated good internal data management practices for understanding greenhouse gas emissions. They have shown a strong awareness of the business issues related to climate change including climate-related risks and opportunities. Those organizations that give clear consideration to measuring and reporting on climate change issues will be best placed to capitalize on the opportunities from managing them."
The Canada 200 report including names of companies featured in the Carbon Disclosure Leadership Index can be found at https://www.cdproject.net/canada.
About CDP
The Carbon Disclosure Project (CDP) is an independent not-for-profit organization holding the largest database of primary corporate climate change and water information in the world. Some 3,000 organizations across the world's largest economies now measure and disclose their greenhouse gas emissions and assessment of climate change risk and opportunity through CDP, in order that they can set reduction targets and make performance improvements. This data is gathered on behalf of 551 institutional investors, holding US$71 trillion in assets. For more information, visit www.cdproject.net.
About CN
CN - Canadian National Railway Company and its operating railway subsidiaries - spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth, Minn./Superior, Wis., Green Bay, Wis., Minneapolis/St. Paul, Memphis, and Jackson, Miss., with connections to all points in North America.
Forward-Looking Statements
Certain information included in this news release constitutes "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws. CN cautions that, by their nature, these forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of the Company or the rail industry to be materially different from the outlook or any future results or performance implied by such statements. Important factors that could affect the above forward-looking statements include, but are not limited to, the effects of general economic and business conditions, industry competition, inflation, currency and interest rate fluctuations, changes in fuel prices, legislative and/or regulatory developments, compliance with environmental laws and regulations, actions by regulators, various events which could disrupt operations, including natural events such as severe weather, droughts, floods and earthquakes, labor negotiations and disruptions, environmental claims, uncertainties of investigations, proceedings or other types of claims and litigation, risks and liabilities arising from derailments, and other risks and assumptions detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should be made to "Management's Discussion and Analysis" in CN's annual and interim reports, Annual Information Form and Form 40-F filed with Canadian and U.S. securities regulators, available on CN's website, for a summary of major risks.
CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable Canadian securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related maters, or any other forward-looking statement.
SOURCE CN
Share this article