Mr. Keith Creel reports

CPKC PUBLISHES UPDATE ON LOW CARBON TRANSITION STRATEGY

Canadian Pacific Kansas City Ltd. has published its climate insights report, an overview of CPKC's climate governance and strategic approach to climate change. CPKC also published its second climate mileposts report, providing an update on CPKC's progress toward lower carbon freight rail and stronger network resilience.

"These reports showcase CPKC's dedication to responsible growth and leadership in climate action, reflecting our vision for a more sustainable rail network across North America through innovation and environmental stewardship," said Keith Creel, CPKC president and chief executive officer.

The newly released climate insights report provides an overview of CPKC's climate governance and strategic approach to climate change, including the processes implemented to identify, assess and manage climate-related risks and opportunities.

Climate insights replaces the railway's 2021 climate strategy and 2023 commitment to climate action, consolidating CPKC's approach to climate governance, risk management and emission reductions within a single document.

Climate mileposts continues to serve as the railway's performance-focused climate action supplement, complementing the strategic direction set out in climate insights. The 2026 edition of climate mileposts highlights several advancements, including:

• Deployment of 100 new Tier 4 locomotives and expanded use of energy management technologies;
• Continuing real-world testing and fuelling infrastructure expansion for the hydrogen locomotive fleet;
• Includes the results of a climate scenario analysis for the combined CPKC network, providing deeper insights and a structured process for identifying and managing climate-related risks and opportunities;
• Network capacity and resilience improvements supported by siding extensions, track upgrades and advanced inspection technologies.

About Canadian Pacific Kansas City Ltd.

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and Mexico, with unrivalled access to major ports from Vancouver to Atlantic Canada to the Gulf coast to Lazaro Cardenas, Mexico. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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