CSX Recognized By Carbon Disclosure Project for Environmental Performance
JACKSONVILLE, Fla. - September 15, 2011 - CSX Corporation (NYSE: CSX) today announced that the company is the only Class I railroad named to the Carbon Performance Leadership Index (CPLI), part of the Carbon Disclosure Project's (CDP) 2011 S&P 500 Report. The CPLI recognizes companies whose efforts have been most successful. This is the second consecutive year that CSX has been featured as a leader in its industry sector by the CDP with the highest level of reporting.
"CSX is proud to be recognized again for its industry-leading commitment to carbon emissions reduction. We are dedicated to creating a sustainable company to benefit our communities, customers, employees, and shareholders," said Michael J. Ward, chairman, president and chief executive officer. "As freight demand continues to increase, it is important for our transportation network to meet consumers' needs while reducing impacts to the environment. Our experience shows that innovative sustainability solutions work."
CSX's score of 85 is based on its response to the CDP questionnaire, which assesses commitments to strategy, governance, and stakeholder engagement to reduce carbon emissions. CSX's presence on the CDP's Carbon Performance Leadership Index is based on its demonstration of a strong performance in these categories.
Environmental stewardship and transparency are top priorities for CSX. In June, CSX released its second-annual Corporate Profile and Sustainability Report (available at http://www.csx.com/index.cfm/responsibility/corporate-profile-and-responsibility-report/), detailing the company's economic, social and environmental achievements. As part of its effort to decrease overall carbon emissions, CSX made a voluntary pledge to reduce greenhouse gas emissions by eight percent, and achieved this goal ahead of schedule at the end of 2010.
CSX continues its pledge to bring cleaner air to the communities it serves, recently introducing its 23rd GenSet ultra-low emission locomotive. CSX has also been added as an industry leader to the Maryland Green Registry, in recognition of the company's commitment to sustainability.
CSX has disclosed its greenhouse gas emissions and climate change strategies with CDP since 2008. CDP, a not-for-profit organization, represents 551 institutional investors with $71 trillion in assets under management. CDP provides climate change data from the world's largest corporations to help shareholders understand companies' commitments to climate change-related issues.
A complete copy of the CDP report is available for download from its homepage: www.cdproject.net. Additional information about CSX's environmental initiatives is available on the company's home page: www.csx.com.
CSX Corporation, based in Jacksonville, Fla., is one of the nation's leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The company's transportation network spans approximately 21,000 miles, with service to 23 eastern states and the District of Columbia. CSX's network connects more than 240 short line and regional railroads and more than 70 ocean, river, and lake ports. More information about CSX Corporation and its subsidiaries is available at www.csx.com.
- Published: 16 September 2011