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500 Water Street, 15th Floor
Jacksonville, FL 32202
CSX Transportation, Inc.
500 Water Street
Jacksonville, FL 32202
Released Sept. 14, 2010
JACKSONVILLE, Fla., - CSX today announced new energy efficiency initiatives as part of its participation in the Environmental Defense Fund (EDF) Climate Corps, an innovative program in which MBA student "fellows" work with leading companies to improve energy efficiency.
As part of the program, CSX identified approximately $200,000 of potential savings, 1.5 million kWh of electricity (enough to power 140 homes), and 940 metric tons of CO2 (equivalent to removing 150 SUVs from the road) annually.
"At CSX, sustainability is a fundamental management principle as well as a good business practice," said Carl Gerhardstein, assistant vice president, environmental systems and sustainability, CSX. "CSX is a leader in environmental initiatives, and we are constantly seeking ways to improve efficiency both here in Jacksonville and throughout our network."
EDF's Climate Corps fellow for CSX performed energy audits alongside CSX employees to understand the lighting and cooling needs of the company's office buildings and yard facilities in Jacksonville. After completing a detailed energy analysis, the team established that 75 percent of CSX's facility expenditures are related to electricity costs. Based on the information gathered, the team built the business case for making specific lighting and mechanical upgrades that will reduce electricity use, thereby saving money and lowering emissions.
"We are delighted that CSX participated in EDF Climate Corps this year" said Victoria Mills, Managing Director at EDF. "CSX's Climate Corp fellow's recommendations will forward CSX's sustainability goals and we look forward to continuing to work with the CSX team."
Environmental Defense Fund is a leading national nonprofit organization representing more than 700,000 members. Since 1967, EDF has linked science, economics and law to create innovative, equitable and cost-effective solutions to society's most urgent environmental problems.
CSX Corporation, based in Jacksonville, Fla., is one of the leading transportation companies, providing rail, intermodal and rail-to-truck transload services. The Company's transportation network spans 21,000 miles with service to 23 eastern states and the District of Columbia, and connects to more than 70 ocean, river and lake ports. More information about CSX Corporation and its subsidiaries is available at the Company's website, www.csx.com.