AB, May 6, 2022 /CNW/ - Canadian Pacific (TSX:
CP) (NYSE: CP) today published its 2021 corporate sustainability
data supplement. Building upon the company's 2020 corporate
sustainability report, the 2021 corporate sustainability data
supplement outlines sustainability metrics and performance in the
areas of safety, operational excellence and social impact.
"Measuring and reporting on our sustainability performance is a
critical part of our culture of continuous improvement, enabling CP
and our stakeholders to evaluate performance and assess
opportunities to further our sustainability objectives," said
Keith Creel, CP's President and
Chief Executive Officer. "We are continually looking for ways to
advance our commitments and position as a sustainability leader in
the rail industry."
CP follows best practices for disclosure and adapts to evolving
sustainability frameworks. CP's sustainability disclosures are
prepared in alignment with the GRI Standards and the SASB - Rail
Transportation Framework. CP has also expanded its sustainability
disclosure to include reporting aligned with the recommendations
from the Task Force on Climate-related Financial Disclosure and the
company's contributions toward the United Nations' Sustainable
Key sustainability highlights include:
- CP led the North American Class 1 railroads with the lowest
Federal Railroad Administration (FRA)-reportable train accident
frequency rate for the 16th consecutive year in 2021.
- CP finished 2021 with its lowest-ever FRA-reportable personal
injury frequency rate. Personal injuries were down 17 percent from
2020, with a frequency rate of 0.92 per 200,000
- CP conducted over 100,000 track inspections, covering more than
two million track miles in 2021 to maintain network resiliency and
- In 2021, CP invested more than $1.5
billion into the railway to further enhance network capacity
and improve performance and safety.
- CP released its first Climate Strategy in 2021 committing to
science-based emissions reduction targets across the company's
Scope 1, 2 and 3 greenhouse gas emissions.
- Through continued investment to enhance locomotive fuel
efficiency, CP achieved a 44 percent improvement since 1990.
- In April 2021, CP began
generating renewable electricity from a newly constructed solar
energy farm at its Calgary
headquarters, producing 4,378 MWh of electricity in 2021.
- As part of CP's Climate Strategy, CP continued to progress its
Hydrogen Locomotive Program to create North America's first line-haul hydrogen
locomotive. In 2021, CP announced plans to expand the program to
include three locomotive conversions and the construction of two
hydrogen production and fueling facilities.
- CP transported 1.28 million scrap rail ties to cogeneration
facilities for energy recovery, diverting over 105,000 metric
tonnes of waste from landfills.
- Through its CP Has Heart program, CP helped raise over
$5.2 million in 2021 for cardiac
causes across its network. Since 2014, the program has raised over
$29 million to improve the heart
health of adults and children across North America.
- CP's three internal diversity councils focus on promoting
racial, gender (including 2SLGBTQ+) and Indigenous diversity at
- In response to wildfires in Lytton,
B.C. in 2021, CP pledged $1
million to support recovery efforts.
In recognition of the CP's ongoing actions to strengthen its
sustainability disclosure and performance, in 2021 CP was
named to the CDP A List for the first time, and included on
the Dow Jones Sustainability North America Index for the
second year in a row. CP's leadership in sustainability practices
was also recognized as one of Corporate Knights Magazine's 2022
Global 100 most sustainable corporations and by the World
Finance Sustainability Awards 2021, which named the company a
sustainability leader in the transportation industry.
The 2021 Sustainability Data Supplement and the 2020 Corporate
Sustainability Report are available online through CP's Sustainably
About Canadian Pacific
Canadian Pacific is a
transcontinental railway in Canada
and the United States with direct
links to major ports on the west and east coasts. CP provides North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit cpr.ca to see
the rail advantages of CP. CP-IR
SOURCE Canadian Pacific