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