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Sustainable development

Canadian Pacific Becomes First Freight Rail Company in North America to Join UN Global Compact

Strategic Insights

— 1 min read

Canadian Pacific (TSX: CP) (NYSE: CP) has become the first freight rail company in North America to participate in the United Nations (UN) Global Compact, a voluntary leadership platform for sustainable business practices. This move reflects the company's commitment to aligning its strategies and operations with the UN's Sustainable Development Goals. CP's participation in the UN Global Compact is seen as an important milestone in its journey to become a sustainability leader in the rail industry. The company will continue to demonstrate its impact on the UN Sustainable Development Goals through periodic updates and annual reporting.

Key Takeaways:

  • Canadian Pacific has become the first freight rail company in North America to join the United Nations (UN) Global Compact.
  • The UN Global Compact is the largest corporate sustainability initiative in the world, with over 15,000 participating companies in over 160 countries.
  • CP has committed to aligning its strategies and operations with the ten universally accepted principles in the areas of human rights, labor, environment, and anti-corruption.
  • CP will report its progress towards the UN Sustainable Development Goals through periodic updates and annual reporting.
  • CP has received recognition for its sustainability efforts, including the 2022 World Finance Sustainability Award for Most Sustainable Company in Transportation.
  • Corporate Knights has recognized CP as the top-rated freight transport company in Canada's 'Best 50 Corporate Citizens' for 2022.
  • CP's CEO, Keith Creel, stated that CP's participation in the UN Global Compact marks an important milestone in advancing its commitments as a sustainability leader.
  • CP's participation in the UN Global Compact is a voluntary leadership platform for the development, implementation, and disclosure of socially responsible business practices.

Statistics:

  • Over 15,000 companies worldwide participate in the UN Global Compact.
  • Over 160 countries have participating companies in the UN Global Compact.
  • CP has received the 2022 World Finance Sustainability Award for Most Sustainable Company in Transportation for the third consecutive year.
  • CP has been recognized by Corporate Knights as the top-rated freight transport company in Canada's 'Best 50 Corporate Citizens' for 2022.

Sources:

  • News Reporter-Staff News Editor at Ecology, Environment & Conservation
  • Canadian Pacific (TSX: CP) (NYSE: CP)
  • United Nations (UN) Global Compact

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