CN to hold advisory vote on climate action plan

Rail News Home Canadian National Railway - CN 2/12/2021 Rail News: Canadian National Railway - CN
The plan includes annual disclosure of greenhouse-gas emissions aligned with the recommendations of the Task Force on Climate-related Financial Disclosures.Photo – cn.ca

CN's board announced yesterday it will seek an annual advisory vote on the company's climate action plan during the general meeting of shareholders in April.

The plan includes annual disclosure of greenhouse-gas emissions aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), a science-based 2030 emission intensity-reduction target, and annual progress updates.

"CN supports the Paris Agreement and is proud to be part of the climate solution, including being among the leading companies globally to enable shareholders to vote on the company's climate action plan," said CN Chair Robert Pace in a press release.

Through its climate action plan, CN is working to mitigate and adapt climate risks and opportunities to drive sustainable trade across global supply chains, said CN President and Chief Executive Officer JJ Ruest.

"Innovations in fuel-efficient locomotives, rail technology and data analytics, combined with enhanced operating practices and cleaner fuels have made us an industry leader, and are key to achieving our short- and medium- term emission targets," said Ruest. "As we look to 2030 and beyond, we recognize the need for new locomotive propulsion technology. Achieving net zero for freight locomotives is an industry challenge and we encourage collaboration amongst our peers, governments and supply chain partners."

CN's climate disclosures are available here.