Norfolk Southern Corporation today announced its science-based target to achieve a 42% reduction in scope 1 and 2 greenhouse gas emissions intensity by 2034 from a 2019 base year. This commitment is another step in the company’s ongoing journey to build a more sustainable future.
Norfolk Southern’s emissions reduction target has been approved by the Science Based Targets initiative (SBTi) and aligns with the goals of the Paris Agreement on climate change. Validation from the SBTi – a joint initiative of CDP, UN Global Compact, the World Resources Institute, and World Wide Fund for Nature – confirms that the company’s target is consistent with reductions required to keep warming to well-below 2°C above pre-industrial levels.
Locomotive fuel accounts for over 90% of the railroad’s carbon emissions. Norfolk Southern set a fuel-efficiency goal as part of its 2015 strategic plan, targeting an 8.6% improvement by 2020. The company exceeded that goal with a 9.4% improvement, which resulted in savings of more than 130 million gallons of diesel fuel and avoidance of approximately 1.3 million metric tons of emissions.
Norfolk Southern is making significant efforts to lower GHG emissions across the company.
- $500 million of green bonds were recently issued by the company to fund eligible green projects. Norfolk Southern was the first Class I railroad in North America to launch green bond financing.
- More than 700 locomotives were retiredby the company in 2020, targeting older, less fuel-efficient models. Through precision scheduled railroading, the company has achieved operating efficiencies which allow for the movement of more freight with fewer locomotives, reducing fuel burn.
- A company locomotive modernization program is converting older DC traction models to more reliable and efficient AC units, providing more pulling power with fewer locomotives.
- The company is equipping locomotives with smart energy management technology that automatically matches horsepower to trailing tonnage and track terrain, maximizing fuel efficiency using the minimum horsepower.
- An innovative public-private partnership program to recycle older locomotives into low-emission “Eco” models is reducing emissions in urban communities on our rail network and enabling them to meet their Clean Air Act obligations.
- An initiative to replace diesel-powered overhead cranes with hybrid and fully electric cranes at company intermodal facilities is projected to reduce emissions at those facilities by approximately 75%.
-via Press Release