CN (TSX: CNR) (NYSE: CNI) has been identified as a global leader for its actions and strategies to manage environmental issues, and has been awarded a position on the Supplier A List by CDP, the non-profit global environmental disclosure platform.
One hundred companies appear on the A List, which has been produced at the request of 99 CDP supply chain purchasing member organizations with a combined annual spend of over US$3 trillion.
More than 4,800 companies submitted annual supply chain disclosures to CDP in 2017 for independent assessment against its scoring methodology. CN is among the two per cent of organizations participating in CDP's supply chain program to be awarded a position on the Supplier A List, in recognition of its actions to address climate change.
"We are pleased to be recognized by the CDP for CN's leadership on climate action in our customers' supply chain," said Luc Jobin, CN president and chief executive officer. "Shipping by rail reduces greenhouse gas emissions by approximately 75 per cent versus truck. CN works with our customers to offer the environmental benefits of rail, providing solutions to reduce their transportation supply chain emissions, while playing our role as a backbone of the economy."
The Supplier A List is released today in Closing the Gap: Scaling up sustainable supply chain practices, CDP's Global Supply Chain Report 2018, written by CDP using analysis provided by McKinsey & Company. The report reveals that awareness of climate change-related risks and opportunities is increasing across the supply chain. Over three quarters (76 per cent) of suppliers responding to CDP have identified some inherent climate change risks to their business and more than half (52 per cent) report that they have integrated climate change into their business strategy.
"We congratulate the 100 companies recognized on the CDP Supplier A List 2018 that are leading the way to our low-carbon and water-secure future," said Paul Simpson, CDP's chief executive officer. "Environmental action has never been more vital, nor urgent, and companies have a crucial role to play in keeping up the momentum needed to meet the aims of the Paris Agreement.
"The leadership shown by the A List not only points the way for other companies to take action, but also ensures that these leaders are getting well ahead of the curve and positioning themselves to capitalize on the opportunities that await," Simpson added.