JACKSONVILLE, Fla. – July 30, 2024 – CSX Corp. (NASDAQ: CSX) today announced the release of its 2023 Environmental, Social and Governance (ESG) report, highlighting the company’s advancements in addressing key ESG issues through alternative fuel projects, investments in safety innovations, and enhancements to the employee work environment.
“2023 was a year of tremendous progress for the ONE CSX team across all ESG priorities,” said CSX President and Chief Executive Officer Joe Hinrichs. “By investing in and listening to our people, we enhanced value for our customers, industry, and communities. Through operational excellence and innovation, we improved service performance, piloted less carbon-intensive fuels, and made significant progress toward forging a sustainable future for the rail industry.”
The report showcases the strides CSX has made in environmental sustainability, particularly in alternative fuel projects and advanced decarbonization technologies for locomotives. A significant achievement was the launch of CSX’s first-ever hydrogen fuel cell locomotive in partnership with CPKC, marking a milestone in sustainable freight transportation. Additional notable achievements include:
The company also expanded its ONE CSX cultural transformation, emphasizing the importance of employees being valued, engaged, respected, and appreciated to maximize value for customers and broader stakeholders. Key efforts included:
“Prioritizing environmental stewardship, adhering to the highest governance standards, and positively impacting the lives of employees and communities are critical foundations of our mission to be the leading supplier of rail-based freight in North America,” said Bryan Tucker, vice president of Stakeholder Engagement and Sustainability at CSX. “As the most sustainable option for moving freight, CSX believes progress in these areas help advance the entire rail industry. We are committed to constant improvement as we move forward, together.”
CSX is committed to transparent communications and this report references leading ESG disclosure frameworks including the Global Reporting Initiative (GRI) 2021 Universal Standards, the Sustainability Accounting Standards Board (SASB) Rail Transportation standard and the Task Force on Climate-related Financial Disclosures (TCFD). This year, CSX further enhanced its disclosures by aligning its business activities with the UN Sustainable Development Goals (SDGs) and SASB at the target level.
For more information on the company’s ESG efforts, please review the CSX 2023 ESG Report at csx.com/esg or visit the investor section of csx.com.
About CSX
CSX, based in Jacksonville, Florida, is a premier transportation company. It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products. For nearly 200 years, CSX has played a critical role in the nation's economic expansion and industrial development. Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides. It also links more than 240 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.
Contact:
Matthew Korn, CFA, Investor Relations
904-366-4515
Bryan Tucker, Corporate Communications
855-955-6397