NORFOLK, Va. — The company’s first issuance of green bonds and plans to address greenhouse gas emissions highlight Norfolk Southern’s Environmental, Social, and Governance Report, the new name for its 14th annual corporate responsibility report.
“From environmental stewardship to the safety and development of our entire team, we are in the business of a better planet, committed to bold leadership and deliberate action,” CEO James A. Squires said in a press release.
The document issued this week, features the railroad’s target of 42% reduction in greenhouse gases announced in July [see “Norfolk Southern, Canadian Pacific detail greenhouse gas plans,” Trains News Wire, July 27, 2021], as well as the $500 million in green bonds to fund projects to address climate change and sustainability.
It also notes sustainability projects including the diversion of 81% of waste from landfills, recycling of all crossties and more than 90% of steel, and reclaimation of more than 6,200 tons of used oil.
The report also outlines the company’s infrastructure spending, charitable contributions, and diversity spending, as well as its impact on the nation’s economy. The full report is available here.
