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Increased Earnings with Lower Emissions Place CSX on Forbes Green Growth 50


What does CSX have in common with General Electric, Campbell’s Soup and Proctor & Gamble? All four are among the 50 companies named to the inaugural Forbes Green Growth 50 list of corporations that have successfully cut greenhouse gas emissions while increasing earnings.

CSX is the only railroad — and the only transportation company of any kind — to earn a spot in the rankings. The company appears at number 39, tied with Best Buy, Flowserve and JPMorgan Chase.

“CSX is proud to be a leader in demonstrating that emissions reduction and growth can be achieved simultaneously,” said Bill Slater, CSX Acting Head of Finance and Treasury. “The company remains focused on identifying additional emission reduction opportunities across the business, while also helping customers reduce their emissions by converting freight off the highway and onto CSX.”

To compile its list, Forbes focused on American companies with more than 100,000 annual tons of emissions and market capitalization of greater than $5 billion. It then identified companies that had increased earnings since 2017 while reducing greenhouse gas emissions. Forbes listed CSX as having produced 13 percent earnings growth and 9 percent GHG reduction during the period.

“It’s a simple approach that yields companies that should be of interest to any socially minded investor,” wrote Forbes staff writer Chris Helman in introducing the inaugural Green Growth 50 list.

To read the Forbes article and see the Green Growth 50 rankings, click here.