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Norfolk Southern aims to reduce greenhouse gas emissions intensity 42% by 2034
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NS: GHG Emissions Target Greenlighted
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Toyota Honors NS Environmental, Customer Service Efforts
NS moves vehicles from Toyota’s Jacksonville, Fla.-based processing facility (pictured).
Norfolk Southern (NS) has earned Toyota Logistics Services’ 2020 Environmental Award and Kaizen Award for its commitment to sustainability practices and continuous improvement in customer service, respectively.
The Kaizen Award recognizes changes NS implemented “to optimize train plans and improve service delivery at two key Toyota vehicle distribution facilities,” according to the Class I railroad. The Environmental Award is based on its “strategic approach to reducing locomotive fuel use and emissions” and initiatives that “restore and preserve the natural environment while achieving key business goals.” Among these: The living shoreline project at Lamberts Point Norfolk Terminal.
CSOs get a seat at the C-suite table
Chief sustainability officers gain higher corporate profile
0 35 3 minutes read Josh Raglin, CSO at Norfolk Southern (left) and Øistein Jensen, CSO at Odfjell SE (right). (Photo: Jim Allen / FreightWaves, Norfolk Southern and Odfjell SE)
Chief sustainability officers (CSOs) are popping up in corporate boardrooms worldwide as the importance of sustainability grows clearer to consumers, investors and businesses.
CSOs can be in charge of many aspects of sustainability, including risk management, safety, emission-reduction strategies, environmental impacts, community support, worker welfare, financial sustainability and more.
Sometimes, they’re also involved in marketing and communicating a company’s sustainability progress to the public.
Norfolk Southern issues $500 million of green bonds to fund sustainable business initiatives
First major North American railroad to launch green bond funding
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NORFOLK, Va., May 12, 2021 /PRNewswire/ Norfolk Southern Corporation (NYSE: NSC) today closed a $500 million green bond offering to fund investments to reduce the company s carbon emissions and help customers reduce their supply-chain emissions. Norfolk Southern is the first Class I railroad in North America to issue green bonds.
Norfolk Southern last month committed to establish a science-based target to lower its carbon emissions in accordance with the Paris Agreement on climate change. Today s announcement is an important step in the company s plans to reach that goal.
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