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Canadian Pacific Railway Company (CP) is a leading player in the railway transportation services industry, headquartered in Calgary, Alberta. Founded in 1881, CP has a rich history marked by significant milestones, including its expansion across Canada and into the United States, establishing itself as a vital link in North American trade.
CP's core services encompass freight transportation, intermodal services, and logistics solutions, catering to various sectors such as agriculture, automotive, and energy. What sets CP apart is its commitment to operational efficiency and sustainability, leveraging advanced technology to enhance service delivery.
With a strong market position, Canadian Pacific Railway is recognised for its safety record and innovative practices, making it a trusted partner in the transportation sector. The company continues to play a crucial role in connecting communities and facilitating economic growth across its major operational regions.
+8 vs industry average
Canadian Pacific Railway Company’s score of 29 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Rail Transport is among the most carbon-intensive industries
The Rail Transport industry has reduced its overall emissions by 26% since 2018
Scope 3 accounts for ••• of total emissions.
Canadian Pacific Railway Company, a Canadian railway transportation services provider, reported Scope 3 emissions of approximately 226 million kg CO2e in 2022. These emissions were primarily from upstream transportation and distribution (205 million kg CO2e), employee commute (16 million kg CO2e), and waste generated in operations (5 million kg CO2e). It is important to note that Scope 1 and Scope 2 emissions data was not disclosed for 2022.
In 2021, the company's total reported emissions were approximately 4.02 billion kg CO2e. This included Scope 1 emissions of approximately 2.95 billion kg CO2e and Scope 2 emissions of about 39 million kg CO2e. Scope 3 emissions for 2021 totalled approximately 982 million kg CO2e, with significant contributions from fuel and energy related activities (850 million kg CO2e), upstream transportation and distribution (181 million kg CO2e), employee commute (17 million kg CO2e), business travel (20 million kg CO2e), and waste generated in operations (4 million kg CO2e).
The company has set an absolute reduction target to decrease Scope 1 and Scope 2 GHG emissions from non-locomotive operations by 27.5% by 2030, using a 2019 base year of 172,133 metric tonnes CO2e. This target is based on the Science Based Targets initiative's (SBTi) Absolute Contraction Approach, aligned with a Well-below 2 degrees Celsius trajectory, although it has not been submitted to the SBTi for validation. Emissions data for Canadian Pacific Railway Company is inherited from its parent company, Canadian Pacific Kansas City Limited.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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