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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 its carbon emissions for 2022. While Scope 1 and Scope 2 emissions data were not disclosed for 2022, the company reported Scope 3 emissions totaling about 226,000,000 kg CO2e. This included approximately 16,000,000 kg CO2e from employee commuting, 5,000,000 kg CO2e from waste generated in operations, and 205,000,000 kg CO2e from upstream transportation and distribution.
In 2021, Canadian Pacific Railway Company's Scope 1 emissions were approximately 2,952,000,000 kg CO2e, and Scope 2 emissions were around 39,000,000 kg CO2e. Scope 3 emissions for 2021 amounted to about 1,072,000,000 kg CO2e, with significant contributions from fuel and energy-related activities (850,000,000 kg CO2e), upstream transportation and distribution (181,000,000 kg CO2e), business travel (20,000,000 kg CO2e), and employee commuting (17,000,000 kg CO2e).
The company is committed to reducing its environmental impact. It has set an absolute reduction target to decrease Scope 1 and Scope 2 greenhouse gas emissions from non-locomotive operations by 27.5% by 2030, using a 2019 baseline of 172,133 metric tonnes CO2e. This target aligns with a well-below 2 degrees Celsius trajectory, calculated using the SBTi's Absolute Contraction Approach, although it has not been formally submitted to the SBTi for validation. The Science Based Targets Initiative (SBTi) targets for Canadian Pacific Railway Company are cascaded 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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