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Be the first with the news that moves the market- CN (CNR) launched a tool to help customers evaluate any environmental advantages of using rail for specific shipments
- The new self-service sustainability tool is called “My Carbon Emissions” provides a detailed report for customers on their estimated greenhouse gas (GHG) emissions
- These insights into the environmental benefits of shipping via its transcontinental network empowers customers to make data driven decisions that support their climate objectives
- Canadian National Railway Company (CNR) opened trading at C$164.20
CN (CNR) launched a tool to help customers evaluate any environmental advantages of using rail for specific shipments.
The new self-service sustainability tool is called “My Carbon Emissions” and is available on the CN One eBusiness platform. It aims to provide a detailed report for customers on their estimated greenhouse gas (GHG) emissions based on all their loaded shipments moved on CN, as well as the emissions avoided by choosing rail over truck. The company stated that these insights into the environmental benefits of shipping via its transcontinental network would empower customers to make data driven decisions that support their climate objectives.
As more companies are looking to quantify, and ultimately, lower their transportation GHG emissions, the information now available will allow customers to easily access and understand part of their Scope 3 emissions (the result of activities from assets not owned or controlled by the reporting organization). It will also help customers identify opportunities to make more environmentally friendly transportation decisions.
“Rail has a tremendous potential to reduce the environmental impact of transportation and we are pleased to offer this enhanced tool to our customers, who are at the heart of what we do,” said Doug MacDonald, executive vice president and chief marketing officer at CN.
“Moving long-haul freight by train instead of truck can reduce GHG emissions by up to 75 per cent and CN remains a leader in the North American rail industry, by consuming approximately 15 per cent less locomotive fuel per gross ton mile.”
CN launched its “Carbon Calculator” 13 years ago to give customers visibility into their estimated GHG emissions and emissions savings using rail transportation.
The transport company is part of the climate solution and has set science-based targets to reduce its Scope 1 and 2 GHG emissions intensity by 43 per cent and Scope 3 emissions intensity for fuel- and energy-related activities by 40 per cent, by 2030 from a 2019 base year. The company has also declared its committed to setting a net-zero 2050 carbon emission target aligned to a 1.5°C scenario.
CN Rail transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN’s network connects Canada’s Eastern and Western coasts with the U.S. South through a 30,000 km rail network.
Canadian National Railway Company (CNR) opened trading at C$164.20. Since the year began, CNR stock has risen 1.67 per cent and is up 2.60 per cent since this time, last year. More information on its stock performance will likely be divulged when the company holds its Q1 2023 financial and operating results after the market close on April 24, 2023, at 4:30 pm Eastern Time with President and Chief Executive Officer, Tracy Robinson.
