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Rail News: Canadian Pacific

CP earns recognition for climate change info disclosures

Canadian Pacific recently was recognized by the Carbon Disclosure Project (CDP) for the depth and quality of its climate change data that's disclosed to investors and the global marketplace.

In the 2014 Canada Climate Change Report, CP earned leadership status by submitting climate change information through CDP's global environmental disclosure system for independent assessment against a widely respected scoring methodology. The railroad scored 95 out of 100 in the Canada Disclosure Leadership Index, indicating a high level of transparency and accountability in its disclosure of climate-related information, according to the CDP.

"This recognition reflects the excellent work being done on our reporting processes as we continue our drive towards more efficient, transparent and sustainable operations," said CP Vice President and Chief Risk Officer Laird Pitz in a press release.

CDP disclosure scores are provided to investors and other decision makers through various channels to help them assess corporate preparedness for changing market demands and emissions regulation.

"Global greenhouse-gas emissions continue to rise and we face steep financial risk if we do not mitigate them," said CDP Chief Executive Officer Paul Simpson. "The need for data on corporate climate change impacts and strategies to reduce them has never been greater. For this reason, we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."

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