science based targets

PepsiCo gets A for net-zero emissions efforts

As You Sow ranked 55 companies on net-zero emissions progress.

Environmental and social responsibility nonprofit As You Sow ranked 55 companies across 11 sectors based on their progress toward achieving net-zero greenhouse gas emissions in a report released Thursday.

Each company received a grade from A to F, with disclosures of emissions counting for 22% of the grade, emission-reduction targets counting for 33% and actual reductions in emissions 45%.

Here are some notable supply chain companies’ and retailers’ grades:

  • PepsiCo Inc. got an A.
  • Prologis Inc....

https://www.freightwaves.com/news/pepsico-gets-a-for-net-zero-emissions-efforts

Alternative low-carbon fuels predicted to ‘steal headlines’

Experts shared predictions for how sustainability will progress in 2022.

After accelerating sustainability commitments in 2021 and the COP26 climate conference in November, Freightwaves asked industry experts what trends they think will be at the forefront of sustainability in 2022.

Tyler Cole, director of carbon intelligence at FreightWaves, said that sustainability commitments will grow the most, and he predicted that alternative low-carbon fuels such as renewable natural gas (RNG), e-fuels, hydrogen and electric vehicles, will “steal headlines” in 2022.

These...

https://www.freightwaves.com/news/alternative-low-carbon-fuels-predicted-to-steal-headlines

Net-zero emissions quest needs ‘radical collaboration’

The Science Based Targets initiative launched a net-zero emissions standard.

Companies are making net-zero emissions targets right and left. Some say they are already carbon neutral or net-zero, but until Thursday, there was no global standard for setting credible net-zero targets backed by climate science. 

The Science Based Targets initiative’s (SBTi) net-zero emissions standard has rigorous requirements in line with the Paris Agreement’s pathway for limiting average global temperature rise to below 1.5 degrees Celsius. 

Many experts deem transportation-related...

https://www.freightwaves.com/news/net-zero-emissions-quest-needs-radical-collaboration

How is the Science Based Targets initiative impacting the freight industry?

The Science Based Targets initiative aims to reduce emissions in major companies worldwide.

Companies are setting emission-reduction targets right and left. But the complex wording and reporting can sometimes make it difficult to discern if companies are living up to their sustainability goals.

The Science Based Targets initiative (SBTi) was launched after the 2015 Paris Agreement to “mobilize the private sector to take the lead on urgent climate action” by analyzing emission-reduction targets based on the most rigorous climate change science available.

SBTi is a partnership among CDP...

https://www.freightwaves.com/news/how-is-the-science-based-targets-initiative-impacting-the-freight-industry

Freight railroads set green goals

A photograph of a canopy of trees.

Conducting tests on alternatively fueled locomotives and seeking ways to reduce greenhouse gas emissions throughout the rail network infrastructure are just two of the emissions-reduction strategies North American Class I railroads are pursuing, according to recent industry statements and sustainability reports.

The strategies come as all seven Class I railroads participate in the Science Based Targets initiative (SBTi), says Jordan Stone, assistant vice president of government affairs for the As...

https://www.freightwaves.com/news/freight-railroads-set-green-goals

Norfolk Southern closes $500 million green bond offering

Norfolk Southern closed a $500 million green bond offering.

As companies struggle to find the capital needed to pursue and achieve their environmental targets, Norfolk Southern Corp. (NYSE: NSC) on Wednesday closed a $500 million green bond offering. Norfolk Southern called itself “the first Class I railroad in North America to issue green bonds” in the announcement. 

The point of green bonds is to raise capital for projects and transitions that make companies operate more sustainably or reduce emissions. Investors, in turn, can have confidence that...

https://s29755.pcdn.co/news/norfolk-southern-closes-500-million-green-bond-offering

Association of American Railroads weighs in on climate policy

The AAR released policy proposals addressing climate change.

The Association of American Railroads (AAR) published a white paper with policy proposals that address climate change Monday, focusing on collaboration, technology, reducing emissions and simplifying processes. 

Railroads move about 40% of U.S. long-distance freight volume, according to the paper, which is more than any other mode of transportation. Despite high volumes, the Environmental Protection Agency estimated that rail only contributes to 2.1% of U.S. transportation-related greenhouse gas...

https://s29755.pcdn.co/news/association-of-american-railroads-weighs-in-on-climate-policy

Rail Roundup: OmniTRAX, Union Pacific news briefs

A photograph of a Union Pacific locomotive.OmniTRAX adds Oklahoma site to its rail development program

Short line operator OmniTRAX is seeking potential customers that would be interested in establishing a facility on the Sand Springs Railway in Sand Springs, Oklahoma.

The location on the Sand Springs Railway is part of OmniTRAX’s rail-ready sites program. The site has about 25 acres near the Sand Springs Railway, which has direct connections with Union Pacific (NYSE: UNP) and BNSF (NYSE: BRK). 

Sand Springs Railway runs 32 miles between...

https://www.freightwaves.com/news/rail-roundup:-omnitrax-union-pacific-news-briefs

KCS commits to setting more stringent emission reduction target

KCS committed to setting science-based emission reduction targets.

Kansas City Southern (NYSE: KSU) announced its commitment to set a more stringent emission reduction target that aligns with the Paris Agreement’s goal to limit global warming to well below 2 degrees Celsius above pre-industrial levels Tuesday.

Kansas City Southern (KCS) said it submitted a commitment letter to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. KCS did not mention specific emission reduction goals in the statement. However, based on 2018 data,...

https://www.freightwaves.com/news/kcs-commits-to-setting-more-stringent-emission-reduction-target

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