Union Pacific Highlights Commitment to Safety, Community and Sustainability in 2023 Building America Report
April 29 2024 - 12:54PM
Business Wire
Report Announces Development of New Cutting-Edge Hybrid
Locomotive, Safety Improvements, and Industry Recognition for
Sustainability
Union Pacific Railroad today released its annual Building
America Report, highlighting progress on key goals, including
safety and sustainability, as well as the development and testing
of a new cutting-edge hybrid battery-electric locomotive.
“The Building America Report is a comprehensive reflection on
our daily drive toward operational excellence, our ongoing
commitment to providing the safe, reliable service we promised our
customers and our goal to provide meaningful work with
best-in-class benefits for employees,” said CEO Jim Vena.
A key highlight in the report was Union Pacific’s partnership
with ZTR, a leading rail technology company, to design and build
hybrid-electric locomotives. Union Pacific will test six of these
new locomotives, with the first locomotive deployed for testing
next month. This innovative locomotive will run similarly to a
hybrid car and is one example of Union Pacific’s continued research
and development efforts to build a more sustainable future.
Union Pacific also improved on key safety metrics in 2023,
underscoring its comprehensive and enhanced approach to safety. The
railroad reduced year-over-year serious injuries by 15% from 2022.
The reportable derailment rate declined 6% compared with 2022, and
over the past 10 years, track-related derailments declined 28%.
The railroad continued to make headway on its climate action
goals and has reduced absolute greenhouse gas (GHG) emissions for
Scope 1 and 2 by 19.1% since 2018. Union Pacific also worked with
the Science Based Targets Initiative to update its target to the
SBTi’s revised, 1.5-degree ambition guidance, resulting in a
commitment for the company to reduce absolute Scope 1 and 2 GHG
emissions by 50.4% by 2030 from a 2018 base year. Union Pacific
also committed to reduce Scope 3 absolute emissions from our
purchased goods and services, capital goods and fuel- and
energy-related activities 50.4% by 2030 from a 2018 base year.
On the corporate transparency front, Union Pacific earned high
scores for its leadership on climate initiatives and data
disclosures, receiving an A- from CDP and being named to the 2024
edition of the JUST 100, an annual ranking of companies based on
their business practices and corporate responsibility.
With this year’s report, the Building America Report also
includes information on topics formerly reported in the company’s
Climate Action Plan and We Are One reports. Now fully
comprehensive, the Building America Report will be released
biennially, with a separate data supplement published annually.
ABOUT UNION PACIFIC
Union Pacific (NYSE: UNP) delivers the goods families and
businesses use every day with safe, reliable and efficient service.
Operating in 23 western states, the company connects its customers
and communities to the global economy. Trains are the most
environmentally responsible way to move freight, helping Union
Pacific protect future generations. More information about Union
Pacific is available at www.up.com.
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Union Pacific Media Contact: Robynn Tysver at
402-544-6037 or rmtysver@up.com
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