CN Employees’ and Pensioners’ Community Fund Announces Record-Setting Campaign Results

Rhea-AI Summary

CN has raised a record C$2.19 million through its Employees' and Pensioners' Community Fund for charitable initiatives, marking a significant milestone in its 2023 fundraising campaign. This amount will support approximately 580 charities focused on health, community wellbeing, and humanitarian aid across Canada and the U.S. The campaign saw strong participation from both employees and external contributors, highlighted by various fundraising events. Over the past decade, the Fund has contributed more than C$19 million to charitable causes, showcasing CN's commitment to community support and social responsibility.

Positive

• Record fundraising of C$2.19 million for 2023 boosts community support.
• Approximately 580 charities to benefit, enhancing CN's community impact.
• Increased employee and external donor participation reflects strong company culture.

Negative

• None.

C$2.19 million raised will support hundreds of charitable organizations

MONTREAL, Feb. 23, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announced today that the CN Employees' and Pensioners' Community Fund (the Fund), a well-established grassroots fund in Canada which expanded to the United States in 2022, has raised a record C$2.19 million for charities as part of its 2023 fundraising campaign.

"We are very proud of this record amount that will help make a difference for many charitable organizations in the communities where CN operates and where we live and work. This unprecedented success is the direct result of every donor's generosity and the outstanding dedication of our volunteers," commented Olivier Chouc, Senior Vice-President, Chief Legal Officer and Chairperson of the Board of the Canadian CN Community Fund. “This is the first campaign for the U.S. and I could not be prouder to have contributed to these historical results”, added Jody Evely, Assistant Vice-President, General Counsel U.S. and Chairperson of the Fund’s U.S. Board.

Campaign Co-Presidents Jamie Lockwood, Vice-President, Financial Planning and Nicholas Clark, General Manager, Central Division, Gary, IN, added: "Once again, CN employees and pensioners have stepped up and shown incredible generosity. This year’s annual campaign saw record donations in both Canada and the United States and we are deeply thankful for the kindness and compassion that supports hundreds of charitable organizations in our communities".

Approximately 580 charities that serve a variety of causes such as health and research, community wellbeing, youth, and humanitarian aid will benefit from the contributions of active and retired employees as well as external contributors. The fundraising total includes individual employee contributions and fundraising activities such as the CN Canadiens Alumni Challenge, Christmas in July, Orange Shirt Day, the Ukraine Humanitarian Crisis Appeal, the Hurricane Fiona Appeal, water crisis relief in Jackson, MS, and many other initiatives.

"A special thanks to everyone involved for making this a record year, and for helping make a tangible difference in the lives of so many in need," said Lynn Blais, President and CEO of the Fund.

The CN Employees' and Pensioners' Community Fund, which has been in existence in Canada for 56 years, is run by CN employees and pensioners acting on behalf of their colleagues, and organizes fundraising activities and annual campaigns in support of various charities across Canada and the U.S. Over the past 10 years, the Fund has raised more than C$19 million in donations to help those in need. 

About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN's network connects Canada’s Eastern and Western coasts with the U.S. South through an 18,600-mile rail network. CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship. 

Contacts:

Media	Investment Community
Jonathan Abecassis	Paul Butcher
Senior Manager, Media Relations	Vice-President
(438) 455-3692	Investor Relations
media@cn.ca	(514) 399-0052 investor.relations@cn.ca

FAQ

How much did CN raise for charity in 2023?

CN raised a record C$2.19 million through its fundraising efforts in 2023.

What organizations will benefit from CN's fundraising?

Approximately 580 charities focused on health, community wellbeing, and humanitarian aid will benefit from the fundraising.

What is the significance of the 2023 fundraising campaign for CN?

The 2023 fundraising campaign is significant as it marks CN's first campaign in the U.S. and sets a record for donations raised.

How long has the CN Employees' and Pensioners' Community Fund been operating?

The CN Employees' and Pensioners' Community Fund has been in existence for 56 years.

What is the total amount raised by CN's community fund over the past decade?

Over the past 10 years, the Fund has raised more than C$19 million in donations.