STOCK TITAN

CN Launches New Tool to Help its Customers Calculate Greenhouse Gas Emissions

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

CN has launched a new self-service sustainability tool, My Carbon Emissions, enhancing its commitment to environmental responsibility. This tool, accessible via the CN One eBusiness platform, allows customers to evaluate their greenhouse gas (GHG) emissions from shipments moved on CN, highlighting the benefits of rail transport over trucking. By offering insights into estimated emissions and the emissions avoided, CN supports companies aiming to reduce their transportation GHG emissions. The company has set ambitious targets to cut its Scope 1 and 2 GHG emissions intensity by 43% and Scope 3 emissions intensity by 40% by 2030. Additionally, CN aims for net-zero carbon emissions by 2050.

Positive
  • Launch of My Carbon Emissions tool enhances customer engagement and environmental responsibility.
  • The tool provides customers with actionable data on GHG emissions and savings from using rail.
  • CN's commitment to reduce Scope 1 and 2 GHG emissions intensity by 43% by 2030 demonstrates strong sustainability leadership.
Negative
  • None.

The new tool will enable customers to evaluate the environmental advantages of using rail for their specific shipments

MONTREAL, April 17, 2023 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) announces the launch of a new self-service, sustainability tool, My Carbon Emissions. CN was first to launch the Carbon Calculator, 13 years ago, to give customers visibility into their estimated greenhouse gas (GHG) emissions and emissions savings using rail transportation. Now, this new tool, available on the CN One eBusiness platform, provides customers with a detailed report of their estimated GHG emissions based on all their loaded shipments moved on CN, as well as the emissions avoided by choosing rail over truck. These insights into the environmental benefits of shipping via CN’s transcontinental network empowers customers to make data driven decisions that support their climate objectives.

As more companies are looking to quantify, and ultimately, lower their transportation GHG emissions, the information now available will allow customers to easily access and understand part of their Scope 3 emissions. It will also help identify opportunities for them to make more environmentally friendly transportation decisions. It demonstrates CN's commitment to innovate and offer solutions for its customers’ evolving needs.

“Rail has a tremendous potential to reduce the environmental impact of transportation and we are pleased to offer this enhanced tool to our customers, who are at the heart of what we do. Moving long-haul freight by train instead of truck can reduce GHG emissions by up to 75% and CN remains a leader in the North American rail industry, by consuming approximately 15% less locomotive fuel per gross ton mile."

  • Doug MacDonald, executive vice president and chief marketing officer at CN

CN is part of the climate solution and has set science-based targets to reduce its Scope 1 and 2 GHG emissions intensity by 43% and Scope 3 emissions intensity for fuel- and energy-related activities by 40%, by 2030 from a 2019 base year. The Company is also committed to setting a net-zero 2050 carbon emission target aligned to a 1.5°C scenario. CN’s sustainability leadership is recognized through the inclusion in the Dow Jones Sustainability World Index (DJSI) and CDP’s Climate Change A List.

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. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 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:

MediaInvestment Community
Julien BédardPaul Butcher
AdvisorVice-President
Media RelationsInvestor Relations
(514) 378-3688
(514) 399-0052
media@cn.cainvestor.relations@cn.ca  

FAQ

What is CN's new sustainability tool launched in April 2023?

CN launched 'My Carbon Emissions', a self-service tool that allows customers to evaluate their greenhouse gas emissions from shipments.

How much can GHG emissions be reduced by using rail according to CN?

Using rail instead of truck can reduce greenhouse gas emissions by up to 75%.

What are CN's targets for reducing GHG emissions by 2030?

CN aims to reduce its Scope 1 and 2 GHG emissions intensity by 43% and Scope 3 emissions intensity by 40% by 2030.

When was the My Carbon Emissions tool announced?

The My Carbon Emissions tool was announced on April 17, 2023.

What is the significance of CN's new tool for customers?

The tool provides customers with insights to make data-driven transport decisions that align with their climate objectives.

Canadian National Railway

NYSE:CNI

CNI Rankings

CNI Latest News

CNI Stock Data

63.35B
611.29M
2.64%
74.93%
0.34%
Railroads
Industrials
Link
United States of America
Montreal