CSX Named One of America’s 2024 Climate Leaders by USA TODAY

Rhea-AI Summary

CSX (NASDAQ: CSX) has been named one of America’s Climate Leaders 2024 by USA TODAY for the second consecutive year. The recognition highlights CSX's significant emissions intensity reductions between 2020 and 2022. CSX President and CEO Joe Hinrichs emphasized the company's commitment to sustainability, noting railroads' fuel efficiency in land freight transportation. USA TODAY, in collaboration with Statista, evaluated 2,000 companies with 2022 revenues of at least $50 million based on their emissions reductions. CSX aims for a 37.3% reduction in greenhouse gas intensity by 2030, leveraging advanced locomotive technologies and alternative fuels. CSX has also been named to the Forbes Net Zero Leaders list and the Dow Jones North America Sustainability Index for 13 consecutive years.

Positive

• CSX recognized by USA TODAY as one of America's Climate Leaders 2024.
• Second consecutive year of recognition for emissions intensity reductions.
• CSX aims for 37.3% reduction in GHG intensity by 2030.
• Utilization of advanced locomotive technologies and alternative fuels.
• Named to the Forbes Net Zero Leaders list in 2023.
• Included in the Dow Jones North America Sustainability Index for 13 years.

Negative

• No specific financial benefits or impact of the recognition detailed.

JACKSONVILLE, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) has been honored by USA TODAY as one of America’s Climate Leaders 2024. This marks the second consecutive year that CSX has been ranked among U.S. companies for achieving significant reductions in emissions intensity between 2020 and 2022.

"CSX is proud to be recognized by USA TODAY for our commitment to improving our carbon footprint through meaningful emissions reductions,” said Joe Hinrichs, president and chief executive officer. “Railroads are the most fuel-efficient mode of land freight transportation, so we have a critical role to play in the nation's climate strategy. CSX has aggressive emissions reduction goals, and thanks to the hard work and commitment of our ONE CSX team, we are proud to be leading efforts within the railroad industry to achieve them."

To create America’s Climate Leaders 2024, USA TODAY partnered with Statista, a global marketing and consumer data company. Several thousand companies with 2022 revenue of at least $50 million were invited to participate, and 2,000 companies were evaluated.

Statista assessed companies based on their effectiveness in reducing core emissions intensity, defined as Scope 1 and 2 greenhouse gas emissions in relation to revenue. CSX’s greenhouse gas emissions reduction goal is among the most aggressive in the transportation industry, targeting a 37.3% reduction in GHG intensity by 2030, against a 2014 base year. The company is leveraging advanced locomotive technologies, innovative operating practices, and alternative fuels to move closer to this goal. CSX remains committed to working with customers, suppliers, and communities to maintain and improve rail as the most sustainable land transportation.

Being named by USA TODAY as a leader in emissions reduction is the latest in a growing list of recognitions earned by CSX for its sustainability programs and environmental performance. CSX was named to the Forbes Net Zero Leaders list of the top 100 companies focused on sustainability in 2023, and the company has earned a place on the Dow Jones North America Sustainability Index for 13 consecutive years based on its sustainability performance and other factors.

For additional information on the America’s Climate Leaders ranking, click here. To learn more about CSX’s sustainability initiatives, visit csx.com/esg.

About CSX

CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

Contact:

Matthew Korn, CFA, Investor Relations
904-366-4515

Bryan Tucker, Corporate Communications
855-955-6397

FAQ

What recognition did CSX receive in 2024?

CSX was named one of America’s Climate Leaders 2024 by USA TODAY.

Why was CSX named one of America’s Climate Leaders 2024?

CSX was recognized for significant reductions in emissions intensity between 2020 and 2022.

What are CSX's emissions reduction goals?

CSX aims to reduce greenhouse gas intensity by 37.3% by 2030.

What technologies is CSX using to reduce emissions?

CSX is leveraging advanced locomotive technologies, innovative operating practices, and alternative fuels.

What other sustainability recognitions has CSX received?

CSX was named to the Forbes Net Zero Leaders list in 2023 and has been on the Dow Jones North America Sustainability Index for 13 consecutive years.