Canadian National Railway Company - President & CEO, JJ Ruest
President & CEO, JJ Ruest
Source: Red Deer Advocate
  • The Board of Directors of CN (CNR) will seek an annual advisory vote on the company’s climate action plan
  • The non-binding vote will take place at CN’s Annual General Meeting of Shareholders starting in April 2021
  • The chair of CN’s board, Robert Pace, says CN supports the Paris Agreement and is proud to be part of the climate solution
  • CN’s climate action plan includes annual disclosure of greenhouse gas emissions aligned with the recommendations of the Task Force on Climate-related Financial Disclosures
  • Canadian National Railway is up 1.46 per cent to C$139.32 per share

The Board of Directors of Canadian National Railway (CNR) will seek an annual advisory vote on the company’s climate action plan.

The non-binding vote will take place at CN’s Annual General Meeting of Shareholders starting in April 2021.

The chair of CN’s board, Robert Pace, says CN supports the Paris Agreement and is proud to be part of the climate solution, including being amongst the leading companies globally to enable shareholders to vote on the company’s climate action plan.

CN’s climate action plan includes annual disclosure of greenhouse gas emissions aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), a science-based 2030 emission intensity reduction target.

President and CEO, JJ Ruest said CN supports the TCFD’s recommendations.

“Through our climate action plan, we are working to mitigate and adapt to climate risks and opportunities to drive sustainable trade across global supply chains. Innovations in fuel-efficient locomotives, rail technology, and data analytics, combined with enhanced operating practices and cleaner fuels have made us an industry leader, and are key to achieving our short and medium term emission targets. As we look to 2030 and beyond, we recognize the need for new locomotive propulsion technology. Achieving net zero for freight locomotives is an industry challenge and we encourage collaboration amongst our industry peers, governments, and supply chain partners.”

In 2018, CN aligned its climate change disclosures with the TCFD’s recommendations and disclosed the information in its Delivering Responsibly sustainability report. In November of 2020, CN became an official supporter of the TCFD, and released its first stand-alone TCFD report, a first in the North American rail sector.

CN took its place amongst the first 150 companies globally to set an approved science-based carbon emission intensity reduction target in 2017, aligned to a two degree scenario. CN is currently in the process of updating its target to align with the latest climate science.

CN supports the Government of Canada’s commitments under the Pan-Canadian Framework for Clean Growth and Climate Change, and its vision for green and innovative transportation.

CN, in collaboration with government and industry, is actively developing a comprehensive 2050 pathway to reduce emissions produced by the railway sector by identifying opportunities to advance clean technology, clean fuels, and innovation through research, policy and programs.

Canadian National Railway is up 1.46 per cent to C$139.32 per share.

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