CN recognized by Carbon Disclosure Project for climate change
disclosure, named to Dow Jones Sustainability World Index
MONTREAL,
Oct. 17, 2012 /CNW Telbec/ - CN (TSX:
CNR) (NYSE: CNI) has been commended by the Carbon Disclosure
Project (CDP) for its approach to the disclosure of climate change
information. The CDP represents 655 institutional investors with
US$78 trillion in assets under
management.
For the fourth 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 that have displayed the most professional approach to
corporate governance regarding climate change information
disclosure practices. Companies are scored on their climate change
disclosure, measuring the quality of internal data management and
the understanding of issues related to climate change issues that
affect the company. Click here to view the CDP report.
The index, compiled by Accenture on behalf of CDP, provides an
evaluation tool for institutional investors and other stakeholders.
In 2012 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 have made significant
strides in our sustainability agenda, which is focused on lowering
emissions, increasing energy efficiency, reducing waste, and
encouraging environmental stewardship among our employees and in
the communities we serve. CN leads the North American rail industry
in fuel efficiency, but is also working hard to advance its
sustainability agenda across all facets of the enterprise to
decrease our environmental impact."
Paul Simpson, chief executive
officer of CDP, said: "Companies that make the Carbon Disclosure
Leadership Index have demonstrated strong internal data management
practices for the measurement of greenhouse gas emissions and
energy use. They are also giving clear consideration to the
business issues related to climate change and their exposure to
climate-related risks and opportunities. This is vital to realizing
greater efficiencies, protecting the business from risk, and
capitalizing on opportunities."
CN also said today that its sustainability practices have earned
it a place on the Dow Jones Sustainability Index (DJSI)
North America for fourth straight
year, and, for the first time, on the DJSI World Index. The DJSI
follows a best-in-class approach, surveying sustainability leaders
from each industry on a global level. The annual review of the DJSI
family is based on a thorough analysis of economic, environmental
and social performance, assessing issues such as corporate
governance, risk management, branding, climate change mitigation,
supply chain standards and labour practices. Click here to link
with the DJSI website.
"We are very pleased with the Carbon Disclosure Project's
recognition of CN's leadership in disclosing climate change
information, as well as recognition from the Dow Jones
Sustainability World Index," said Mongeau.
About CDP
The Carbon Disclosure Project (CDP) is an international,
not-for-profit organization holding the only global system for
companies and cities to measure, disclose, manage and share vital
environmental information. CDP harnesses the power of market
forces, including 655 institutional investors with assets of
US$78 trillion, to collect
information from companies on their greenhouse gas emissions and
assessment of climate change and water risk and opportunity. CDP
now holds the largest collection globally of primary climate change
and water data and puts these insights at the heart of strategic
business, investment and policy decisions. For more information,
visit www.cdproject.net.
About DJSI
Launched in 1999, the Dow Jones Sustainability Indexes are the
first global indexes tracking the financial performance of the
leading, sustainability-driven companies.
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. For more
information on CN, visit the company's website at www.cn.ca.
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