Norfolk Southern Corporation (NS) August 10 released its 15e annual environmental, social and governance (ESG) report highlighting the company’s progress “in reducing its environmental impact, creating a culture of inclusion, investing in its employees, strengthening governance practices and helping customers achieve their sustainability goals.”
In its 2022 report, NS highlights the importance of partnerships in its sustainability strategy – with customers, industry partners and other stakeholders. Among the achievements of the past year are:
- Create an industry-leading carbon calculator for shippers, enabling companies to make better transportation decisions and reduce carbon emissions from their own supply chains.
- Organize an inauguration Sustainability Summit in partnership with Sustain SC, hosting heads of state and more than 30 businesses at Brosnan Forest, Nova Scotia’s 14,400-acre Ecological Reserve in South Carolina.
- Host a Chief Mechanical Officers meeting with leaders from all North American Class I railroads to share insights, insights and best practices to further improve the efficiency of the railroad industry.
Other milestones highlighted in the report include:
- Deliver a low-carbon economy, achieving a 5% improvement on its science-based goal of reducing Scope 1 and Scope 2 greenhouse gas (GHG) emissions intensity by 42% by 2034 (from a reference year of 2019).
- Apply new technologies, improve locomotive fuel efficiency by 7% over 2019, and allow Nova Scotia to move one ton of freight 460 miles on just one gallon of fuel.
- Strengthen governance practices by appointing an independent chair to its board of directors.
- Investing in its people, creating a $1.2 million scholarship fund to support the children of NS railroad workers each year.
- Cultivating biodiversity, permanently protecting 1,105 acres of ecologically significant land in South Carolina – adding to nearly 14,000 acres already under protection – while restoring more than 10 miles of waterways and 500 acres of wet area.
- Develop a corporate DEI strategic plan, establish a dedicated team to operationalize inclusion, and use national benchmarking to promote a diverse, equitable, and inclusive organization.
- Preserving its history, donating the comprehensive historical archives of its predecessor corporations and $1.25 million to museums in Virginia and Georgia, while creating paid internship opportunities at both museums for underrepresented communities over the years. next five years.
- Minimize waste in its supply chain, recover more than 1.6 million gallons of used oil and recycle 100% of used ties and rails.
- Advance energy efficiency, increasing its total renewable energy consumption in deregulated markets to approximately 26%, or 12% across its entire network.
“NS is making strides to advance sustainability for both our customers and our planet, and we know it will take a collaborative effort to achieve the environmental goals required to protect our planet for future generations,” said Josh Raglin, Director of Sustainability. “The more companies work together on their supply chain, the faster we can make measurable progress.”
“NS is a customer-centric, operations-driven company, which means helping our customers meet their supply chain emissions goals and reduce our own carbon footprint,” said President and CEO. management, Alan Shaw. “Our report shines a light on initiatives and technologies that deliver a low-carbon economy, serve customers and add value to all of our stakeholders.”
Read the full 2022 ESG report below.