KANSAS CITY, Mo.–(BUSINESS WIRE)–Kansas Metropolis Southern (KCS) (NYSE: KSU) introduced at present that the corporate’s emissions discount targets have been authorised by the Science Based Targets initiative (SBTi) as in line with ranges required to fulfill the objectives of the Paris Settlement. The targets protecting greenhouse fuel emissions from KCS’ operations are in line with reductions required to maintain warming to well-below 2°C above pre-industrial ranges.
The SBTi authorised KCS’ goal to scale back scope 1 and a couple of greenhouse fuel emissions depth 42% per million gross ton-miles by 2034 from a 2019 base 12 months.
Earlier this 12 months, KCS publicly introduced its dedication to setting a science-based greenhouse fuel emissions discount goal. Railroads are already probably the most environment friendly modes of transportation. Shifting freight by rail as a substitute of truck reduces greenhouse fuel emissions by as much as 75 %. On common, in 2020, KCS moved a ton of freight 414 miles on a single gallon of gas. By committing to the SBTi and now having its targets authorised, KCS is constructing on steps already taken to scale back its carbon footprint, together with actions taken throughout its Precision Scheduled Railroading implementation to enhance gas effectivity and investments in fuel-saving applied sciences.
“Kansas Metropolis Southern acknowledges the important position that rail performs in reducing total transportation emissions,” stated president and chief govt officer Patrick J. Ottensmeyer. “As a champion of the setting, our pledge to attain these authorised emissions discount targets reinforces our dedication to additional enhancing gas effectivity and reducing emissions in assist of a extra sustainable North American provide chain.”
Headquartered in Kansas Metropolis, Mo., KCS is a transportation holding firm that has railroad investments within the U.S., Mexico and Panama. Its main U.S. holding is The Kansas Metropolis Southern Railway Firm, serving the central and south central U.S. Its worldwide holdings embrace Kansas Metropolis 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 % curiosity in Panama Canal Railway Firm, offering ocean-to-ocean freight and passenger service alongside the Panama Canal. KCS’ North American rail holdings and strategic alliances with different North American rail companions are main elements of a novel railway system, linking the business and industrial facilities of the U.S., Mexico and Canada. Extra details about KCS may be discovered at www.kcsouthern.com
This information launch comprises forward-looking statements inside the that means of Part 27A of the Securities Act of 1933, as amended, Part 21E of the Securities Alternate Act of 1934, as amended and the Non-public Securities Litigation Reform Act of 1995. As well as, administration might make forward-looking statements orally or in different writing, together with, however not restricted to, in press releases, quarterly earnings calls, govt shows, within the annual report back to stockholders and in different filings with the Securities and Alternate Fee. Readers can normally establish these forward-looking statements by way of such phrases as “might,” “will,” “ought to,” “probably,” “plans,” “initiatives,” “expects,” “anticipates,” “believes” or comparable phrases. These statements contain a lot of dangers and uncertainties. Precise outcomes may materially differ from these anticipated by such forward-looking statements on account of a lot of components or mixture of things together with, however not restricted: public well being threats or outbreaks of communicable ailments, reminiscent of the continued COVID-19 pandemic and its impression on KCS’s enterprise, suppliers, shoppers, clients, staff and provide chains; rail accidents or different incidents or accidents on KCS’s rail community or at KCS’s amenities or buyer amenities involving the discharge of hazardous supplies, together with poisonous inhalation hazards; legislative and regulatory developments and disputes, together with environmental rules; lack of the rail concession of Kansas Metropolis Southern’s subsidiary, Kansas Metropolis Southern de México, S.A. de C.V.; home and worldwide financial, political and social circumstances; disruptions to the Firm’s expertise infrastructure, together with its laptop programs; elevated demand and site visitors congestion; the extent of commerce between the USA and Asia or Mexico; fluctuations within the peso-dollar trade fee; pure occasions reminiscent of extreme climate, hurricanes and floods; the result of claims and litigation involving the Firm or its subsidiaries; competitors and consolidation inside the transportation business; the enterprise setting in industries that produce and use gadgets shipped by rail; the termination of, or failure to resume, agreements with clients, different railroads and third events; fluctuation in costs or availability of key supplies, specifically diesel gas; entry to capital; local weather change and the market and regulatory responses to local weather change; dependency on sure key suppliers of core rail tools; adjustments in securities and capital markets; unavailability of certified personnel; labor difficulties, together with strikes and work stoppages; acts of terrorism or danger of terrorist actions, battle or different acts of violence; and different components affecting the operation of the enterprise; and different dangers recognized on this information launch, in KCS’s Annual Report on Type 10-Ok for the 12 months ended December 31, 2020, and in different reviews filed by KCS with the Securities and Alternate Fee.
Ahead-looking statements replicate the data solely as of the date on which they’re made. KCS doesn’t undertake any obligation to replace any forward-looking statements to replicate future occasions, developments, or different info.