JACKSONVILLE, Fla., June 02, 2017 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq:CSX) has released its seventh annual Corporate Social Responsibility Report, titled “Moving Forward.” The report documents CSX’s commitment to responsibility and its 2016 performance across environmental, social, and governance topics. CSX’s responsible business practices center around creating value for our customers, increasing shareholder returns, improving the environment and enhancing the communities in which we operate.
“With increasing consumer demand, the need for freight rail as a safe, reliable, and sustainable transportation solution is ever more pressing,” said E. Hunter Harrison, president and chief executive officer. “By leveraging our sustainability initiatives and implementing the Precision Scheduled Railroading model at CSX, we will continue to build upon the foundation for success.”
In 2016, CSX generated $11.1 billion in net revenue and invested $2.7 billion to enhance the overall safety, capability and reliability of its network.
CSX’s commitment to the safety of the communities where we operate, our customers and our employees is one of the ways we demonstrate our social responsibility. In addition to emphasizing the importance of safety with employees, CSX provided rail safety training and resources to nearly 7,000 first responders in 2016. CSX also promotes safety through a partnership with Operation Lifesaver, Inc., a non-profit public safety and awareness organization dedicated to reducing collisions, fatalities and injuries at highway-rail grade crossings and on or near railroad tracks. In 2016, CSX’s partnership with Operation Lifesaver reached nearly 725,000 people with in- person rail safety messages.
Environmental management is also a priority for CSX. As the most fuel-efficient mode of freight transportation on land, rail continues to enable significant emission reductions, while driving economic prosperity. In 2016, CSX’s fuel efficiency improved through enhanced fuel management processes and advanced technology solutions. Between 2007 and 2016, CSX spent nearly $2.8 billion on fuel-efficiency measures. In 2016, CSX moved a ton of freight an average of 474 miles on a single gallon of fuel.
At the local level, CSX aims to be a good neighbor by operating responsibly, generating economic opportunities, and giving back to communities throughout the company’s network. In 2016, CSX invested more than $16 million in grants, sponsorships and in-kind donations to local organizations and national partners that share CSX’s values concerning safety, community, environment and wellness. The company also offers community service opportunities for employees, grants and in-kind donations to non-profit organizations. Over the course of the year, CSX hosted seven major service days across the network to give back to local communities. In total, employees logged 18,025 hours of volunteer service through the company’s “Dollars for Doers” program, which was matched by CSX with $85,770 in grants to 155 employee-selected organizations.
Additionally, in 2016 CSX received awards and recognitions for sustainable operations, including Fortune’s World’s Most Admired Companies for the sixth consecutive year, Corporate Responsibility Magazine’s 2016 Best Corporate Citizens, and the 2016 Dow Jones Sustainability Index.
The report was prepared in accordance with the latest Global Reporting Initiative (GRI) Standards, which informs the best practices for reporting on a range of economic, environmental, and social impacts. The report emphasizes CSX’s focus on sustainability, responsibility, and stakeholder engagement.
For more information on responsibility and sustainability initiatives at CSX and to download the 2016 Corporate Social Responsibility Report, please visit www.csx.com/responsibility.
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 190 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. More information about CSX Corporation and its subsidiaries is available at www.csx.com. Like us on Facebook (http://facebook.com/OfficialCSX) and follow us on Twitter (http://twitter.com/CSX).
Christopher B. Smith