CALGARY, AB, Aug. 13, 2020 /PRNewswire/ - Canadian Pacific
(TSX: CP) (NYSE: CP) today released its 2019 corporate
sustainability data supplement to the company's 2018 sustainability
report, Sustainably Driven. The information in the report was
prepared in accordance with the Global Reporting Initiative
Standards and aligns closely with the Sustainability Accounting
Standards Board for Rail Transportation framework.
"CP is committed to operating in an ethical and responsible
manner that considers our obligations to employees, customers,
communities and shareholders," said Keith
Creel, CP's President and Chief Executive Officer. "We are
resolute in our approach to sustainability and to meeting the needs
of our key stakeholders and the broader environment."
The data supplement is a significant milestone in CP's journey
toward a higher level of reporting and stronger environmental,
social and governance practices. This supplement represents the
first time CP has been able to report its full Scope 3 greenhouse
gas (GHG) emissions, an important step to understanding the broader
impact of CP's business. All emissions reported in the supplement
have the highest level of third-party assurance.
Key sustainability highlights include:
Safety
- In 2019, CP continued to lead as North America's safest Class 1 railway with
the lowest Federal Railroad Administration (FRA) reportable train
accident frequency for the 14th consecutive year.
- CP achieved a 23 percent reduction in personal FRA-reportable
employee personal injuries since implementation of its Home Safe
program in 2016.
Operational excellence
- Since 1990, CP has improved its locomotive fuel efficiency by
43 percent through initiatives designed to improve fuel economy and
reduce air pollution emissions.
- Transportation of freight by rail is three to four times more
fuel-efficient than highway transport, helping our customers
further reduce their GHG emissions.
- CP increased its intermodal traffic by nearly 5 percent in
2019, transporting an additional 1.3 billion revenue ton-miles of
freight by rail.
- In 2019, CP completed more than 86,000 main-track inspections
on more than 1.8 million main-track miles.
- Since 2015, CP has decreased water consumption by nearly 60
percent network-wide.
Social Impact
- In 2019, CP raised $640,000 in
support of the Homes for Heroes Foundation and its initiative of
building homes for homeless veterans through its Spin for a Veteran
event and supplier golf tournament.
- CP hired 126 Canadian and U.S. veterans in 2019.
- In 2019, CP provided respectful and inclusive workplace
training to more than 2,700 employees. An additional 1,496
employees received Indigenous cultural awareness training as part
of CP's support for diversity and inclusion in its workplace.
CP will continue to build on this progress and deliver on its
ambitious vision for the future of its business in a low-carbon
economy, as outlined in CP's recent public statement on climate
change. The statement supports the goals of the Paris Agreement and
the Pan-Canadian Framework on Clean Growth and Climate Change,
which seek to limit global temperature rise to well below 2 degrees
Celsius above pre-industrial levels.
CP's actions and efforts to strengthen its leadership in the
transition to a low-carbon economy were recognized this year by
Corporate Knights Magazine's Best 50 Corporate Citizens list and by
the World Finance Sustainability Awards 2020, which named the
company a sustainability leader in the transportation industry.
The document is part of CP's commitment to detailed disclosure,
outlining sustainability metrics and performance in the areas of
safety, operational excellence and social impact.
About Canadian Pacific
Canadian Pacific is a
transcontinental railway in Canada
and the United States with direct
links to major ports on the west and east coasts. CP provides North
American customers a competitive rail service with access to key
markets in every corner of the globe. CP is growing with its
customers, offering a suite of freight transportation services,
logistics solutions and supply chain expertise. Visit
cpr.ca to see the rail advantages of CP. CP-IR
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SOURCE Canadian Pacific