Today, Canadian Pacific (CP) unveiled the Sustainably Driven, their 2019 corporate sustainability report, showcasing the company’s notable accomplishments and advancements in the areas of safety, operations, and social impact. This comprehensive dataset reflects CP’s commitment to elevated reporting practices and reinforced environmental, social, and governance measures. Significantly, CP has taken a significant stride by reporting its complete Scope 3 greenhouse gas emissions, a critical endeavor in understanding the ecological impact of CP’s operations.
Key Highlights
Social Contributions and Impact
- In the calendar year 2019, CP raised a substantial $640,000 to provide support to the Homes for Heroes Foundation.
- They prioritized diversity and inclusion by providing comprehensive training to 2,700 employees on creating a respectful and inclusive workplace.
- Additionally, an additional 1,496 employees received training on Indigenous cultural awareness.
- CP demonstrated its commitment to supporting veterans by hiring 126 US and Canadian veterans.
Keith Creel, the President and CEO of Canadian Pacific, emphasized the company’s unwavering dedication to ethical and responsible operations, considering the well-being of employees, customers, communities, and shareholders. He stated, “CP is resolute in our sustainability approach, striving to meet the needs of our key stakeholders and the broader environment.”
Safety
CP achieved a commendable feat by maintaining the lowest Federal Railroad Administration reportable train accident frequency for the 14th consecutive year. Through the implementation of their Home Safe Program in 2016, CP successfully reduced employee personal injuries by 23%, as reported by the FRA.
Operations
Since 1990, CP has achieved a remarkable 43% improvement in locomotive fuel efficiency. They realized a 5% increase in intermodal traffic, resulting in an additional revenue ton-mile freight volume of 1.3 billion. CP has made substantial progress in conserving water resources, with a significant reduction of nearly 60% in water use since 2015.
In summary, CP’s release of the Sustainably Driven report underscores its commitment to operating in an ethical and responsible manner, prioritizing the needs of employees, customers, communities, and shareholders. By emphasizing sustainability and adopting robust environmental, social, and governance practices, CP aims to create a positive impact while meeting the expectations of key stakeholders and fostering a healthier environment.