CN’s Sustainability Leadership Recognized through Key ESG Rankings
February 12 2024 - 3:30PM
CN (TSX: CNR) (NYSE: CNI) is pleased to be recognized by the 2024
S&P Global Yearbook as one of the top sustainability performers
in the transportation industry. CN was also recognized for its
leadership on climate change by global environmental non-profit
CDP. CN’s achievements reflect the Company’s steadfast dedication
to environmental stewardship, social responsibility and good
governance underpinned by consistent and comprehensive reporting.
“Our commitment to Delivering Responsibly leads
the way forward for us as an organization. We are honoured to be
recognized for our leadership as we work to build a more
sustainable future. Our achievements and recognitions are not
possible without the dedicated team of railroaders who embed safety
and sustainability in every decision.” - Tracy Robinson, President
and Chief Executive Officer at CN
CN Releases Ninth Delivering Responsibly
ReportIn late 2023, CN published its latest biennial sustainability
report which provided a comprehensive update on CN’s sustainability
strategy and performance. In the report, CN detailed its approach
to sustainability in the areas of environment, safety, people,
community, and governance. CN’s latest report, available online,
was prepared in accordance with leading sustainability reporting
frameworks, including the Sustainability Accounting Standards Board
and the Global Reporting Initiative.
CN’s ESG RatingsA list of CN’s key ESG ratings
is highlighted below:
Rating Agency |
Score / Ranking |
Details of Score / Ranking |
S&P Global 2023 |
Sustainability Yearbook Member |
Listed on the Dow Jones Sustainability World Index for 12
consecutive years and on the DJSI North American Index for 15th
straight year. |
CDP - Climate Change |
A- |
Earned a leadership score for our dedication to corporate
transparency and performance on tackling climate change. |
The Globe and Mail |
1 |
Earned 1st place out of 219 companies listed on the S&P/ TSX
Composite Index in 2023 for corporate governance with a score of
98% by the Globe and Mail. |
MSCI ESG 2023 |
AA |
Highest ranked Class I railroad in North America.Measurement of
resilience to long-term, industry material ESG risks on a relative
ranking from AAA being the best to CCC being the worst. |
Corporate Knights Best 50 2023 |
Rank 7 / B+ |
Earned a spot for the 15th time in a row as one of the Best 50
Corporate Citizens in Canada by Corporate Knights. |
Note: ESG ratings are as of February 12,
2024
To learn more about how CN is working towards a
more sustainable future, please visit
https://www.delivering-responsibly.cn.ca/.
About CNCN is a world-class
transportation leader and trade-enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. CN's network connects Canada’s Eastern and Western
coasts with the U.S. South through an 18,800-mile rail network. CN
and its affiliates have been contributing to community prosperity
and sustainable trade since 1919. CN is committed to programs
supporting social responsibility and environmental stewardship.
Forward-Looking
StatementsCertain statements included in this report
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
under Canadian securities laws, including statements based on
management’s assessment and assumptions and publicly available
information with respect to CN. This forward-looking information
also includes but is not limited to, statements relating to our
environmental, social and governance (ESG) strategies and targets,
including our climate goals and sustainability commitments. By
their nature, forward-looking statements involve risks,
uncertainties and assumptions. CN 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. Forward-looking statements may be
identified by the use of terminology such as "believes", "expects",
"anticipates", "assumes", "outlook", "plans", "targets" or other
similar words.Forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and other
factors which may cause actual results, performance or achievements
of CN to be materially different from the outlook or any future
results, performance or achievements implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. Important risk factors that could
affect the forward-looking statements include, but are not limited
to, general economic and business conditions, including factors
impacting global supply chains such as pandemics and geopolitical
conflicts and tensions; 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; increases in maintenance
and operating costs; security threats; reliance on technology and
related cybersecurity risk; trade restrictions or other changes to
international trade arrangements; transportation of hazardous
materials; various events which could disrupt operations, including
illegal blockades of rail networks, and natural events such as
severe weather, droughts, fires, floods and earthquakes; climate
change; labor negotiations and disruptions; environmental claims;
uncertainties of investigations, proceedings and other types of
claims and litigation; risks and liabilities arising from
derailments; timing and completion of capital programs; the
availability of and cost competitiveness of renewable fuels and the
development of new locomotive propulsion technology; reputational
risks; supplier concentration; pension funding requirements and
volatility and other risks detailed from time to time in reports
filed by CN with securities regulators in Canada and the United
States. Reference should also be made to Management’s Discussion
and Analysis (MD&A) in CN’s annual and interim reports, Annual
Information Form and Form 40-F, filed with Canadian and U.S.
securities regulators and available on CN’s website, for a
description of major risk factors relating to CN.Forward-looking
statements reflect information as of the date on which they are
made. 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 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 matters, or any other
forward-looking statement.
Contacts: |
|
Media |
Investment Community |
Jonathan Abecassis |
Stacy Alderson |
Director |
Assistant Vice-President |
Public Affairs and Media
Relations |
Investor Relations |
(438) 455-3692 |
(514) 399-0052 |
media@cn.ca |
investor.relations@cn.ca |
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