01:43:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 645,695,389
Close 2023-12-12 C$ 161.83
Market Cap C$ 104,492,884,802
Recent Sedar Documents

Globe says Empire, CNR need more action on net-zero

2023-12-13 08:12 ET - In the News

See In the News (C-EMP) Empire Company Ltd

The Globe and Mail reports in its Wednesday edition that nearly all of Canada's largest corporate emitters are moving toward improving their climate-related disclosure to global standards, but none of them takes the critical step of backing up decarbonization strategies with capital spending commitments. The Globe's Jeffrey Jones writes that is the conclusion of a coalition of top Canadian institutional investors. Climate Engagement Canada (CEC), whose members manage a total of $5.2-trillion in assets, on Tuesday published its inaugural benchmark data on key climate-related metrics at its focus group of 40 companies. It reveals a mixed bag of performance. Fewer than half have announced net-zero ambitions, and only 15 have taken partial steps to align short-term emission-reduction targets with paths toward limiting the rise in global temperatures to 1.5 degrees above preindustrial levels. Many measures are expected to become mandatory as Canadian regulators move toward implementing standardized reporting. Empire, owner of Sobeys and Safeway, and CN Rail, lead the pack on setting targets to get to net-zero emissions by 2050, as well as disclosing medium- and long-term goals toward that internationally agreed target.

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