CP Launches Carbon Emissions Calculator

Rhea-AI Summary

On September 20, 2022, Canadian Pacific (TSX: CP) launched a web-based carbon emissions calculator to enhance customer insights into the carbon footprint of its freight rail services. This tool enables tailored emissions calculations based on specific shipping details, helping customers make informed decisions to reduce transportation emissions. As part of its Climate Strategy, CP aims to improve operational efficiency, optimize energy use, and collaborate with stakeholders to lower GHG emissions across the supply chain, showcasing its commitment to sustainability in North America.

Positive

• Launch of a carbon emissions calculator enhances customer insights into transportation emissions.
• Supports CP's commitment to sustainability and operational efficiency.
• Facilitates customer-specific emissions calculations to promote lower carbon transportation choices.

Negative

• None.

CALGARY, AB, Sept. 20, 2022 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today launched a web-based carbon emissions calculator, giving customers greater insight into the carbon footprint of its freight rail transportation services. The tool enables complex, tailored emissions calculations and incorporates customer-specific shipping details to calculate route and commodity-specific greenhouse gas (GHG) emissions.

The carbon calculator allows CP's customers to explore the impacts of their own emissions footprint and make decisions to reduce freight transportation emissions by choosing the lowest carbon-emitting mode of transportation. The tool provides additional insights into the climate-related benefits of shipping freight with CP's rail services, an overview of lifecycle emissions from logistics services and a comparison of CP's rail services to long-haul trucking alternatives.

"CP is committed to operating sustainably and being part of the solution in the transition to a less carbon intensive economy in North America," said Keith Creel, CP President and CEO. "We are pleased to provide customers with a tool that allows them to better understand the carbon footprint associated with their shipping options and make informed choices that benefit the environment."

As part of the company's Climate Strategy, CP focuses on operational efficiency and performance improvement, working diligently to optimize energy consumption and reduce costs. CP recognizes that its ability to influence GHG emission reductions extends beyond its operations and across its suppliers and value chain network. The carbon emissions calculator provides a framework to engage across the value chain to identify and collaborate on opportunities to reduce GHG emissions within supply chains.

CP recognizes that collective action to decarbonize needs to continue during the coming decades and is proud to take a leadership role in the freight transportation sector's ongoing efforts to reduce its collective environmental impact. Sharing insights and experiences with external stakeholders will add further value to CP's climate programs and support collaboration and innovation that will benefit the broader transportation industry.

CP's Carbon Emissions Calculator is available online through CP's Sustainably Driven website.

About Canadian Pacific 
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR

View original content:https://www.prnewswire.com/news-releases/cp-launches-carbon-emissions-calculator-301628531.html

SOURCE Canadian Pacific

FAQ

What is the carbon emissions calculator launched by Canadian Pacific?

The carbon emissions calculator is a web-based tool that allows customers to calculate their freight transportation's carbon footprint.

How does Canadian Pacific's carbon emissions calculator benefit customers?

It provides tailored emissions calculations, helping customers make informed decisions to reduce their transportation emissions.

When was the carbon emissions calculator launched by Canadian Pacific?

The carbon emissions calculator was launched on September 20, 2022.

How does Canadian Pacific aim to reduce greenhouse gas emissions?

Canadian Pacific focuses on operational efficiency, energy optimization, and collaborating with stakeholders to reduce GHG emissions.

What is included in Canadian Pacific's Climate Strategy?

The Climate Strategy includes efforts to optimize energy consumption and engage with suppliers to reduce emissions across the value chain.