Friday, September 26, 2014

Rail Freight and Intermodal Operator Achieves Sustainability Recognition

Three Industry Indices Recognise Company Performance
Shipping News Feature

US – CSX has recently been named as the only railroad operator to be recognised in the Dow Jones Sustainability Index for North America this year for leadership in sustainable business practices. In its fourth consecutive year on the index, CSX, which provides rail freight and intermodal services, showed strong performance across the assessed criteria, specifically in the areas of customer relationship management, climate strategy, management of environmental policy issues, corporate citizenship and philanthropy, and risk and crisis management.

Only four transport outfits made the list this year and CSX also ranked in two other industry indices, the CDP S&P 500 Climate Disclosure Leadership Index 2014 and the CDP S&P 500 Climate Performance Leadership Index 2014. Michael J. Ward, Chairman, CSX President and Chief Executive Officer, commented:

"Sustainable growth is critical to the long-term success of our business and to our ability to meet America's increasing need for efficient, environmentally-friendly rail transportation. These important recognitions highlight our ongoing commitment to conducting operations in an environmentally responsible manner and engaging actively in the communities that we serve."

The Dow Jones is a partnership between the Dow Jones Indexes and RobecoSAM Sustainability Assessments, which tracks the financial performance of the world's leading companies according to rigorous economic, environmental and social criteria. Launched in 1999, the DJSI is the first global sustainability benchmark for companies that prioritise environmental sustainability and social responsibility.

In addition, CSX was also recognised by CDP, the world's only global environmental disclosure system. CSX raised its Climate Disclosure Leadership Index performance score - a measure of a company's transparency on climate-related disclosures - to an all-time high this year, receiving a score of 98A. In addition, this is the fifth consecutive year that CSX has achieved a position on the Climate Performance Leadership Index, which evaluates how companies are measuring, verifying and managing their carbon footprints.

In 2013, CSX achieved record-setting fuel efficiency and has reduced greenhouse gas (GHG) emissions intensity by 1.5% since 2011, bringing the company closer to its voluntary goal of reducing GHG emissions intensity by 6-8% from 2011 levels by 2020. In addition, CSX provided more than $16 million to charitable organisations in 2013 and logged more than 25,000 volunteer hours working with national and local organisations to support safety, environmental, community and wellness initiatives across its 21,000 mile network.

Full details of CSX’s commitment and achievements with regard to sustainability can be seen on the company’s recent Corporate Social Responsibility Report.