Norfolk Southern Sustainability Report Published
American railroad provider Norfolk Southern has published its new online sustainability report, What Efficiency Looks Like. The Norfolk Southern sustainability report pledges more energy efficient and environmentally sustainable locomotives, support for safer communities and workplaces and a more diverse workforce. © Norfolk SouthernThe report comes as part of Norfolk Southern’s pledge to achieve a balance between its corporate responsibilities as a publicly traded company and its environmental and social commitments as a corporate citizen.
Norfolk Southern Sustainability Report
The report outlines the ways in which Norfolk Southern will meet its goal to reduce its carbon emissions. It will do this by rolling out new low-emission Eco locomotives in Atlanta and Chicago, a custom plug-in engine-heating system at rail yards that minimises unnecessary locomotive idling in cold conditions, and the adoption of a five year plan to improve locomotive fuel efficiency.
The report also mentions its economic responsibilities, noting that Norfolk Southern returned in excess of $700 million in dividends to shareholders, representing a 6% in dividends per share for 2015/16. It has also supported the creation of 61 new industries and 32 industry expansions on the Norfolk Southern railroad routes. This represents $4.2 billion in customer investment, and 6,100 new customer jobs.
Norfolk Southern also contributed in excess of $13.7 million in the Norfolk Southern Foundation, giving to communities served by the railroad to support human service needs, arts and culture, environment, and education.
Norfolk Southern recorded a 13% reduction in reported employee injuries. In terms of diversifying its workforce, Norfolk Southern employed a record number of female staff, representing 28% of management trainees and 7% of conductor trainees. It also created local employee and diversity and inclusion councils in its 10 operating divisions.
Jim Squires, Norfolk Southern CEO, said:
“Efficiently moving freight trains across our 22-state network is a cornerstone of sustainability at Norfolk Southern. It’s about turning challenges into daily opportunities – keeping our people and communities safe, providing unequalled customer service, and being a good steward of the resources that contribute to our success.”
Bruno Maestri, Vice-President of Government Relations and Corporate Sustainability Officer, said:
“Corporate sustainability at Norfolk Southern means acting responsibly in the conduct of our business, which enhances our ability to grow business. We are part of the fabric of the communities where we operate, and we want to add value by what Norfolk Southern brings to our communities.”