Building A Sustainable Future: CN Publishes Sustainability Report

Rhea-AI Summary

CN (TSX: CNR | NYSE: CNI) published its 2024 Delivering Responsibly Sustainability Report, the 10th annual disclosure on sustainability performance released Dec 2, 2025. Key highlights include a 4% improvement in Scope 1 and 2 GHG emissions intensity versus 2023 and renewable fuel use reaching nearly 10% of locomotive fuel. Safety metrics improved with the second-best injury performance in company history and a ~8% reduction in train accident frequency year‑over‑year. The company delivered 1M+ training hours, contributed approximately $20M to community initiatives, and was ranked #1 for governance among 215 S&P/TSX Composite companies. CN also named >30 EcoConnexions partners across gold, silver, and bronze tiers.

Positive

• Scope 1 and 2 GHG intensity improved by 4% year-over-year
• Renewable fuel use rose to nearly 10% of locomotive fuel
• Train accident frequency improved by ~8% year-over-year
• Recorded the second-best injury performance in company history
• Delivered more than 1 million employee training hours
• Contributed approximately $20 million to community initiatives

Negative

• None.

News Market Reaction

+0.47%

1 alert

+0.47% News Effect

On the day this news was published, CNI gained 0.47%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

GHG intensity change: 4% improvement Renewable fuel share: Nearly 10% Accident frequency: Nearly 8% reduction +5 more

8 metrics

GHG intensity change 4% improvement Scope 1 and 2 emissions intensity vs 2023

Renewable fuel share Nearly 10% Portion of locomotive fuel from renewable sources

Accident frequency Nearly 8% reduction Year-over-year change in train accident frequency

Training hours More than 1 million Employee training delivered

Community contributions Approximately $20 million Support for community initiatives

Public line inquiries More than 56,000 Public line interactions managed

Sustainable procurement training 97% Procurement & Supply Management team trained

Governance ranking 1st of 215 Governance on S&P/TSX Composite Index

Market Reality Check

Price: $100.11 Vol: Volume 1,379,085 is below...

normal vol

$100.11 Last Close

Volume Volume 1,379,085 is below the 20-day average of 1,566,069, suggesting a relatively muted response to the report. normal

Technical Price at 97.96 sits very close to the 200-day MA of 98.12, with shares trading modestly below this long-term trend marker.

Peers on Argus

CNI gained 0.6% while key rail peers also showed small gains, including NSC (+0....

CNI gained 0.6% while key rail peers also showed small gains, including NSC (+0.56%), CP (+0.32%), CSX (+0.11%), UNP (+0.99%), and rail-adjacent WAB (+1.26%). However, no peers appeared in the momentum scanner, supporting a stock-specific, ESG-focused narrative rather than a broad sector move.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Operational update	Positive	+0.1%	New monthly grain movement record with third consecutive record month.
Dec 02	ESG / sustainability	Positive	+0.5%	10th sustainability report with improved emissions, safety, and governance metrics.
Nov 17	Corporate milestone	Neutral	-1.6%	30th anniversary of privatization and bell-ringing ceremonies.
Nov 17	Conference appearance	Neutral	-0.7%	CFO scheduled to speak at a Desjardins investor conference.
Nov 06	Debt financing	Neutral	+0.5%	Announcement of US$700M multi-tranche notes for refinancing and corporate uses.

Pattern Detected

Recent news has often been operational or strategic. Market reactions have been generally modest, with a mix of aligned and divergent moves, indicating that even positive or neutral headlines do not always drive consistent price direction.

Recent Company History

Over the last few months, CN has reported a mix of sustainability, operational, commemorative, investor-relations, and financing updates. The company set a new grain movement record of 3.28M+ metric tonnes and published its 10th sustainability report highlighting a 4% emissions intensity improvement and nearly 10% renewable fuel use. It also marked the 30th privatization anniversary, announced a US$700M debt offering under an effective registration, and flagged an upcoming conference appearance. Price reactions to these items have stayed relatively contained.

Market Pulse Summary

This announcement underscores CN’s ESG positioning, highlighting a 4% improvement in Scope 1 and 2 e...

Analysis

This announcement underscores CN’s ESG positioning, highlighting a 4% improvement in Scope 1 and 2 emissions intensity, nearly 10% renewable fuel use, and governance ranked 1st of 215 on the S&P/TSX Composite. The report also notes more than 1 million training hours and approximately $20 million in community contributions. Going forward, investors may monitor progress toward 2030 and 2050 ambitions, safety performance, and how sustainability initiatives interact with operational efficiency.

Key Terms

scope 1 and 2 ghg emissions intensity, renewable fuel, science-based, behaviour-based safety training, +1 more

5 terms

scope 1 and 2 ghg emissions intensity technical

"Achieved a 4% improvement in Scope 1 and 2 GHG emissions intensity"

Combined Scope 1 and 2 GHG emissions intensity measures the amount of greenhouse gases a company produces directly (Scope 1) and indirectly from purchased energy (Scope 2) divided by a business activity metric like revenue, production volume, or square footage. It is a “miles-per-gallon” style efficiency score that helps investors compare companies’ carbon efficiency, assess regulatory or cost risks, and track progress toward lower-carbon operations.

renewable fuel technical

"increased renewable fuel use to nearly 10% of locomotive fuel"

Renewable fuel is energy made from sources that naturally replenish over short timescales—such as plant material, animal waste, or sustainably produced bio-based liquids and gases—rather than from fossil fuels buried underground. For investors it matters because these fuels can reduce long-term supply risk and regulatory exposure, create new markets and revenue streams, and act like swapping a single-season crop for a steady orchard: they can provide more sustainable, predictable inputs for energy and transport businesses.

science-based technical

"CN maintained progress toward its science-based 2030 and 2050 ambitions"

Science-based means claims, decisions or products are grounded in systematic, reproducible research and evidence rather than intuition or unverified anecdotes. For investors it signals that a company's technologies, treatments or sustainability actions have been tested and vetted in ways that reduce uncertainty, support regulatory approval, and make future performance and risks easier to evaluate—like choosing a car with crash-test results instead of word-of-mouth praise.

behaviour-based safety training technical

"deployed enhanced behaviour-based safety training to identify and control"

A workplace program that teaches and reinforces safe actions by observing employee behaviors, giving feedback, and rewarding correct practices to prevent accidents. Investors care because it can lower injury-driven costs, reduce downtime and insurance premiums, and signal a proactive management culture that protects assets and reputation—like tuning a machine so it runs reliably instead of constantly fixing breakdowns.

sustainable procurement financial

"trained 97% of CN’s Procurement and Supply Management team on sustainable procurement"

The practice of buying goods and services while actively weighing environmental, social and long-term economic impacts across the supply chain, so purchases favor lower pollution, fair labor and resource efficiency. For investors it signals how a company manages risks, costs and reputation over time: like choosing a fuel-efficient car that costs less to run, sustainable procurement can reduce future fines, supply disruptions and improve brand value, affecting returns.

AI-generated analysis. Not financial advice.

CN Celebrates EcoConnexions Partners Advancing Sustainable Practices

MONTREAL, Dec. 02, 2025 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) today announced the release of its 2024 Delivering Responsibly Sustainability Report, marking the 10th edition of the Company’s comprehensive disclosure on its sustainability performance. The report reflects CN’s progress and outlines actions taken to strengthen operational excellence by further tying sustainability to the core of its business strategy.

“Delivering Responsibly is at the heart of how CN operates and grows. This report highlights our commitment to powering the economy safely and sustainably. I want to thank our employees, customers, suppliers, and the communities in which we operate for their continued collaboration as we work together to build a safer, stronger, and more sustainable future.”
                   - Tracy Robinson, President and Chief Executive Officer at CN

Key highlights from the 2024 Delivering Responsibly Report

• Environment: Achieved a 4% improvement in Scope 1 and 2 GHG emissions intensity compared to 2023 and increased renewable fuel use to nearly 10% of locomotive fuel. CN maintained progress toward its science-based 2030 and 2050 ambitions.
• Safety: Recorded the second-best injury performance in CN’s history and improved train accident frequency by nearly 8% year over year and deployed enhanced behaviour-based safety training to identify and control workplace safety risks for frontline supervisors.
• People: Delivered more than 1 million hours of training, expanded accessibility upgrades across more than 30 facilities in Canada, and strengthened wellness programs for employees.
• Community: Contributed approximately $20 million to community initiatives, managed more than 56,000 public line inquiries, and trained 97% of CN’s Procurement and Supply Management team on sustainable procurement.
• Governance: Ranked first among 215 companies on the S&P/TSX Composite Index for governance practices, reinforcing CN’s commitment to integrity and transparency.
  

As CN moves forward on its sustainability journey, the Company recognizes that collaboration is essential to success.

That’s why, CN is proud to recognize over 30 customers, suppliers, and supply chain partners through its EcoConnexions Partnership Program for their leadership in sustainability. These organizations are helping drive progress on climate action, reduce environmental impact, and promote responsible business practices. CN believes that collaboration across the value chain is essential to building a more sustainable future.

Our 2025 EcoConnexions Partnership Program recipients, in alphabetical order, are:

Gold partners:	Silver partners:	Bronze partners:
Atlantic Container Line Bunge North America Dow Evergreen Shipping Agency (America) General Motors Ingredion Louisiana Pacific Nova Chemicals Oxy Chemical Corporation Ocean Network Express (ONE) Schneider Secure Shell Canada Siemens Mobility, Inc. Trinity Industries Volkswagen Group Canada VPC Group Inc. Wabtec WM West Fraser Timber Yang Ming ZIM Integrated Services	CF Industries Coca-Cola Canada Bottling Ltd. Gerdau Hamilton Port Authority Heidelberg Materials J.B. Hunt Kruger Products Inc. Lindt & Sprüngli (Canada) Inc. Stella-Jones Inc. Swire Shipping The Greenbrier Companies	Acklands- Grainger Inc.

About CN
CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the U.S. Gulf Coast, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919.

Contacts: 

Media	Investment Community
Ashley Michmowski	Stacy Alderson
Senior Manager	Assistant Vice-President
Media Relations	Investor Relations
(438) 596-4329 media@cn.ca	(514) 399-0052 investor.relations@cn.ca

FAQ

What sustainability improvements did CN (CNI) report in its 2024 Delivering Responsibly report?

CN reported a 4% improvement in Scope 1 and 2 GHG emissions intensity and increased renewable fuel to nearly 10% of locomotive fuel.

How did CN (CNI) perform on safety metrics in the 2024 sustainability report?

CN recorded its second-best injury performance ever and improved train accident frequency by about 8% year‑over‑year.

What community and people initiatives did CN (CNI) disclose for 2024?

CN delivered over 1 million training hours, expanded accessibility at 30+ facilities, and contributed approximately $20 million to community programs.

What governance recognition did CN (CNI) receive in the 2024 report?

CN ranked #1 for governance practices among 215 companies on the S&P/TSX Composite Index.

What is CN’s EcoConnexions Partnership Program for 2025 and who benefited?

CN recognized over 30 customers, suppliers, and partners across gold, silver, and bronze tiers for leadership in sustainability.