MONTREAL, Oct. 17, 2012 /PRNewswire/ - 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.