KCS Releases “For the Long Haul” 2020 Sustainability Report
July 01 2021 - 8:12AM
Business Wire
Kansas City Southern (KCS) (NYSE: KSU) has released its 2020
sustainability report, “For the Long Haul: Delivering Prosperity,
Valuing People, Protecting the Planet.” The report is available in
the Corporate Responsibility section of www.kcsouthern.com.
“With the unprecedented challenges of 2020, KCS remains
steadfast in our commitment to responsible business practices and
maintaining strong relationships with our stakeholders,” said KCS
president and CEO Patrick J. Ottensmeyer. “We are proud to share
our 2020 sustainability report, which demonstrates our focus and
commitment to safety, environmental stewardship, and employee
engagement.”
2020 Sustainability Report Highlights:
- In 2020, KCS improved its U.S. and Mexico consolidated
frequency rate of reportable workplace injuries and illnesses by
27%.
- KCS committed to do its part in the fight against climate
change and partnered with the Science Based Target Initiative to
set an ambitious carbon reduction target. KCS has committed to
reducing its scope 1 and 2 greenhouse gas emissions per million
gross ton-miles at least 42% by 2034, from a 2019 base year.
- KCS avoided the use of 21.2 million gallons of diesel fuel;
this is an additional nearly 7 million gallons avoided compared to
2019 due to the implementation of fuel-efficient technologies.
- KCS’s CEO held 24 diversity, equity, and inclusion roundtable
sessions across the U.S. and Mexico with more than 200
participants. The forum provided employees a space to share their
views on workplace equity, inclusion, and opportunities for KCS
improvement.
KCS’s sustainability report follows the Global Reporting
Initiative’s (GRI’s) latest standards for disclosing governance,
economic, social, and environmental topics and is in alignment with
the Sustainability Accounting Standards Board (SASB) and Task Force
on Climate-related Financial Disclosures (TCFD) frameworks. These
frameworks provide for the disclosure of measurable data and
specific information related to sustainability.
Headquartered in Kansas City, Mo., Kansas City Southern (KCS)
(NYSE: KSU) is a transportation holding company that has railroad
investments in the U.S., Mexico, and Panama. Its primary U.S.
holding is The Kansas City Southern Railway Company, serving the
central and south-central U.S. Its international holdings include
Kansas City Southern de Mexico, S.A. de C.V., serving northeastern
and central Mexico and the port cities of Lázaro Cárdenas, Tampico,
and Veracruz, and a 50 percent interest in Panama Canal Railway
Company, providing ocean-to-ocean freight and passenger service
along the Panama Canal. KCS's North American rail holdings and
strategic alliances with other North American rail partners are
primary components of a unique railway system, linking the
commercial and industrial centers of the U.S., Mexico, and Canada.
More information about KCS can be found at www.kcsouthern.com.
Forward-Looking Information
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
Section 21E of the Securities Exchange Act of 1934, as amended and
the Private Securities Litigation Reform Act of 1995. In addition,
management may make forward-looking statements orally or in other
writing, including, but not limited to, in press releases,
quarterly earnings calls, executive presentations, in the annual
report to stockholders and in other filings with the Securities and
Exchange Commission. Readers can usually identify these
forward-looking statements by the use of such words as "may,"
"will," "should," "likely," "plans," "projects," "expects,"
"anticipates," "believes" or similar words. These statements
involve a number of risks and uncertainties. Actual results could
materially differ from those anticipated by such forward-looking
statements as a result of a number of factors or combination of
factors including, but not limited: public health threats or
outbreaks of communicable diseases, such as the ongoing COVID-19
pandemic and its impact on KCS’s business, suppliers, consumers,
customers, employees and supply chains; rail accidents or other
incidents or accidents on KCS’s rail network or at KCS’s facilities
or customer facilities involving the release of hazardous
materials, including toxic inhalation hazards; legislative and
regulatory developments and disputes, including environmental
regulations; loss of the rail concession of Kansas City Southern’s
subsidiary, Kansas City Southern de México, S.A. de C.V.; domestic
and international economic, political and social conditions;
disruptions to the Company’s technology infrastructure, including
its computer systems; increased demand and traffic congestion; the
level of trade between the United States and Asia or Mexico;
fluctuations in the peso-dollar exchange rate; natural events such
as severe weather, hurricanes and floods; the outcome of claims and
litigation involving the Company or its subsidiaries; competition
and consolidation within the transportation industry; the business
environment in industries that produce and use items shipped by
rail; the termination of, or failure to renew, agreements with
customers, other railroads and third parties; fluctuation in prices
or availability of key materials, in particular diesel fuel; access
to capital; climate change and the market and regulatory responses
to climate change; dependency on certain key suppliers of core rail
equipment; changes in securities and capital markets;
unavailability of qualified personnel; labor difficulties,
including strikes and work stoppages; acts of terrorism or risk of
terrorist activities, war or other acts of violence; and other
factors affecting the operation of the business; and other risks
identified in this news release, in KCS's Annual Report on Form
10-K for the year ended December 31, 2020, and in other reports
filed by KCS with the Securities and Exchange Commission.
Forward-looking statements reflect the information only as of
the date on which they are made. KCS does not undertake any
obligation to update any forward-looking statements to reflect
future events, developments, or other information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210701005501/en/
C. Doniele Carlson, 816-983-1372, dcarlson@kcsouthern.com
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