Norfolk Southern Corp.

"Norfolk Southern Corp., a company based in the USA, has set a science-based target to achieve a 42% reduction in scope 1 and 2 greenhouse gas emissions intensity by 2034 from a 2019 base year. Net Zero Tracker
This target, which covers Carbon dioxide and other GHGs, has been approved by the Science Based Targets initiative (SBTi) and aligns with the goals of the Paris Agreement on climate change. Net Zero Tracker
An interesting fact about their environmental policy is that their strategy includes five pillars: decarbonization, facilities, circularity, suppliers, and nature, with short- and long-term goals being developed. Net …"

Current Score (vs. LY)

23.0 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #131

S&P500: #96

Industrials: #18

26.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

18.8%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 4,165,8083,786,8374,784,047
Scope 2 - location-based 147,906193,097201,474
Scope 2 - market-based 149,704176,274201,474
Scope 1-2 - location-based 4,313,7143,979,9344,985,521
Scope 1-2 - market-based 4,315,512 3,963,111 4,985,521
Scope 3 2,260,1912,217,9246,557,369
Total - location-based 6,573,9056,197,85811,542,890
Total - market-based 6,575,703 5,298,750 11,542,890

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 21,638,62576,446,358
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Norfolk Southern Corp. belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/07/2021

Near-term Long-Term Net Zero Standard
Targets Set : Well-below 2°C by 2034 No target No

Norfolk Southern commits to reduce scope 1 and 2 GHG emissions 42% per million gross ton-miles (MGTM) by 2034 from a 2019 base year.* * The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Norfolk Southern by zerotracker.net: July 29, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • No conditions specified
Plans for carbon dioxide removal (CDR) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: "NS has been involved in developing carbon emission-reduction projects since 2010. We have two forestry projects ongoing, with a total enrolled acreage just over 20,000 acres. Together, these two forest projects have generated over 600,000 carbon credits for NS and are annually sequestering another 80,000 metric tons per year of CO2 from the atmosphere, which generates additional credits. Carbon credits generated from current and future projects at NS provides us several opportunities. We can use them to offset our own emissions. We can also use them to offset the emissions of our customer's shipments, which could provide incentive for them to increase shipments on NS. Finally, we can sell the credits to generate revenue for NS." From CDP reporting

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 0.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 8.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 7.5 10.0 0.0
Commitments 7.5 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 2.5
Results 7.5 30.0 2.5
Total 23.0 100.0 2.5


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? NC 0.0 / 5.0 0.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 0.0 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2034 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set Well-below 2°C 7.5 / 10.0 7.5 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 2.0°C 7.5 / 10.0 5.0 2.5 0.0
Total 23.0 / 100.0 20.5 2.5 9.0


Available Data Sources

Reporting Year 2021 2020 2019
Source Yourstake CDP CDP
Publication Year 2022 2021 2020
Scope 1 4,165,808 3,786,837 4,784,047
Scope 2 - location-based 147,906 193,097 201,474
Scope 2 - market-based 149,704 176,274 201,474
Scope 1-2 - location-based 4,313,714 3,979,934 4,985,521
Scope 1-2 - market-based 4,315,512 3,963,111 4,985,521
Scope 3 2,260,191 2,217,924 6,557,369
Total - location-based 6,573,905 6,197,858 11,542,890
Total - market-based 6,575,703 5,298,750 11,542,890

Sources

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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