KANSAS CITY, MO (STL.News) Kansas City Southern (KCS) (NYSE: KSU) announced that it has submitted a commitment letter to the Science Based Targets Initiative (SBTi) pledging to set a science-based greenhouse gas emissions reduction target. KCS’ science-based target will align with what climate scientists say is needed to meet the Paris Agreement goal of limiting global warming to well below 2°C above pre-industrial levels.
Railroads are already one of the most efficient modes of transportation. Moving freight by rail instead of truck reduces greenhouse gas emissions by up to 75 percent. By committing to the SBTi, KCS is building on steps already taken to lower its greenhouse gas emissions, including actions taken during its Precision Scheduled Railroading implementation to improve fuel efficiency and investments in fuel-saving technologies.
“Kansas City Southern has long recognized the important role that rail plays in lowering overall transportation emissions,” stated president and chief executive officer Patrick J. Ottensmeyer. “Our pledge to issue a science-based target reinforces our commitment to further improving fuel efficiency and lowering emissions in support of a more sustainable North American supply chain.”
Headquartered in Kansas City, Mo., KCS 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’ 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