STOCK TITAN

Norfolk Southern's 2020 Corporate Responsibility report highlights commitment to a more sustainable future

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Norfolk Southern's 2020 Corporate Responsibility report reveals significant environmental impacts, validating the benefits of rail transport in carbon reduction. Customers avoided nearly 15 million metric tons of carbon emissions in 2019, equivalent to 1.5 billion gallons of diesel fuel savings. Key initiatives included a $2 billion investment in rail infrastructure, community support totaling $8.7 million, and extensive training for local emergency responders. The report emphasizes Norfolk Southern's ongoing commitment to sustainability and community enhancement, aligning with broader climate goals.

Positive
  • Customers avoided nearly 15 million metric tons of carbon emissions in 2019.
  • Saved approximately 1.5 billion gallons of diesel fuel.
  • Invested $2 billion in rail network modernization and safety.
  • Contributed $8.7 million to community support initiatives.
Negative
  • None.

NORFOLK, Va., Sept. 24, 2020 /PRNewswire/ -- Customers who ship with Norfolk Southern helped avoid almost 15 million metric tons of carbon emissions in 2019 by choosing rail for their transportation needs instead of highway shipping, according to Norfolk Southern's recently released Corporate Responsibility report. That equates to saving approximately 1.5 billion gallons of diesel fuel. 

"It's a substantial reduction," said Josh Raglin, Norfolk Southern's chief sustainability officer, who has spent nearly 25 years in the fields of conservation, forestry, and environmental stewardship. "As companies continue to set climate goals around lowering their emissions, rail can be part of that solution." Raglin is leading the charge to integrate sustainability into every aspect of the company's business. Trained as a wildlife biologist, Raglin joined NS in 1996 as a ranger at the company's Brosnan Forest conservation and conference center in Dorchester, South Carolina.

Norfolk Southern's 13th annual Corporate Responsibility report highlights the company's performance in a number of areas, featuring initiatives that support a cleaner environment, foster an inclusive workplace, and build stronger and safer communities.

Among initiatives detailed in the report, Norfolk Southern:

  • Invested $2 billion in its rail network to promote safe and efficient operations, modernize technology, and support economic growth in communities NS serves.
  • Led the industry in tapping into Waze, a mobile navigation app, providing alerts to motorists approaching highway-rail grade crossings.
  • Transformed a stretch of eroded shoreline on the Elizabeth River at the railroad's Lamberts Point terminal into a green oasis for oysters and other wildlife.
  • Joined the Operation Clean Sweep Pledge aimed at eliminating plastic pollution with a goal of zero loss of plastic resin into the environment.
  • Provided training at no cost to more than 5,800 local emergency responders on how to prepare for and safely respond to potential rail-related incidents.
  • Continued efforts to enhance diversity, equity, and inclusion, and to cultivate a workplace that values all individuals for their experiences and perspectives.
  • Contributed $8.7 million to support communities across the railroad's system.

Norfolk Southern also has posted its 2020 filing with CDP, formerly Carbon Disclosure Project, a voluntary disclosure of the company's carbon emissions and steps the railroad is taking to reduce its carbon footprint and identify climate-related risks.

To access the full Corporate Responsibility report, visit the Environment page on Norfolk Southern's website.

About Norfolk Southern

Norfolk Southern Corporation (NYSE: NSC) is one of the nation's premier transportation companies. Its Norfolk Southern Railway Company subsidiary operates approximately 19,500 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture, and metals and construction materials. In addition, the railroad operates the most extensive intermodal network in the East and is a principal carrier of coal, automobiles, and automotive parts.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/norfolk-southerns-2020-corporate-responsibility-report-highlights-commitment-to-a-more-sustainable-future-301137677.html

SOURCE Norfolk Southern Corporation

FAQ

How much carbon did Norfolk Southern customers avoid in 2019?

Customers avoided nearly 15 million metric tons of carbon emissions in 2019.

What was the total investment Norfolk Southern made in its rail network?

Norfolk Southern invested $2 billion in its rail network to enhance safety and efficiency.

What initiatives did Norfolk Southern support in their Corporate Responsibility report?

The report highlighted community contributions of $8.7 million and extensive training for over 5,800 emergency responders.

How does Norfolk Southern's rail transport impact carbon emissions?

Rail transport by Norfolk Southern helped save approximately 1.5 billion gallons of diesel fuel.

Norfolk Southern Corp.

NYSE:NSC

NSC Rankings

NSC Latest News

NSC Stock Data

56.02B
226.10M
0.06%
78.58%
0.86%
Railroads
Railroads, Line-haul Operating
Link
United States of America
ATLANTA