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:
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.
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
Andy Cummings612-554-0850Andy_Cummings@cpr.ca24/7 media pager: Alert_MediaRelations@cpr.ca