The report (download below) was prepared in accordance with leading ESG disclosure frameworks, including the Global Reporting Initiative (GRI) 2021 Universal Standards, the Sustainability Accounting Standards Board (SASB) Rail Transportation standards and the Task Force on Climate-related Financial Disclosures (TCFD), according to CSX.
According to the Class I, the report details the railroad’s “expanded use of cutting-edge fuel-saving locomotive technologies and its engagement of suppliers around greenhouse gas (GHG) goals and expectations.” Among its notable achievements, CSX:
- Upgraded approximately 180 locomotives to distributed power, which moves more freight with less fuel.
- Engaged 50 suppliers—representing 75% of spend—in CDP’s Supply Chain program.
- Helped customers avoid approximately 12.5 million tons of CO2 emissions.
“2022 was a pivotal year for CSX,” said CSX President and CEO Joe Hinrichs. “Led by railroaders who are deservedly proud of their role in moving America’s freight, our employees began creating a ONE CSX culture in which we’re working together as a more unified team—one that operates more safely, efficiently and sustainably to serve our customers better and grow our business.”
According to the report, CSX also took “concrete and historic actions to improve labor-management relations and quality of life for front-line employees.” As part of these efforts, the report details the company’s advancement of its ONE CSX workplace culture “rooted in valuing and developing its employees and built on teamwork across all levels, departments and locations.” Notable accomplishments included:
- Becoming the first in the industry to provide paid sick leave benefits.
- Raising training pay for conductors by 40%—the highest increase for rail employees in more than 50 years.
- Introducing a revised non-disciplinary and non-punitive attendance policy for all craft employees.
“At CSX, we are committed to delivering excellence,” Hinrichs added. “This means fostering stronger relationships with our employees, providing exceptional service to our customers, prioritizing environmental stewardship for the benefit of our communities, and adhering to the highest governance standards, all of which deliver strong shareholder value. We take great pride in our service product, and we remain dedicated to constant improvement as we move forward.”
