ÖBB Rail Cargo Group improves rating in significant environmental ranking
Posted: 26 January 2023 | Elliot Robinson (Editorial Assistant - Global Railway Review) | No comments yet
ÖBB RCG has received a B rating from the Carbon Disclosure Project, a significant improvement from its previous rating.
Credit: ÖBB RCG/David Payr
ÖBB Rail Cargo Group (RCG) significantly improved its environmental performance in 2022. As a result, the leading railway logistics company has now received a “B” rating in the Carbon Disclosure Project (CDP). The CDP rating is considered the gold standard of environmental reporting globally and is used by investors, companies, policymakers, academics, and the media to learn about companies’ climate-related data and strategies.
“This result is not only a significant improvement, but also places us above the European average,” Clemens Först, CEO of RCG, said. “It proves that we are making our contribution to a Europe worth living in the spirit of the Paris Climate Agreement. And live up to our vision – to be the sustainable logistics backbone of the European economy,”
The RCG submitted all climate-relevant figures to CDP for participation in the ranking – this time in the extensive and detailed full version. Last time the RCG participated, it achieved a respectable C rating, which has now been increased to a good B rating. This was in turn due to significant increases in the areas assessed, e.g., in the categories of Governance as well as Scope 1, 2 and 3 Emissions and Verification (A rating) and Risk Management Processes (A- rating).
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ÖBB Rail Cargo above the global average
More than 5,800 companies across Europe submit their environmental data to the Carbon Disclosure Project, and around 18,700 worldwide. RCG’s “B” rating is in line with the industry average of the CDP rating. When considering all sectors, the RCG even manages a result above the global C average. In addition to companies, municipalities, cities, regions, and states also participate in the rating.
The Carbon Disclosure Project is a non-profit organisation which rates companies, cities, regions, and countries according to their environmental transparency and environmental measures. The aim is to encourage companies and local authorities to disclose their environmental data, such as harmful greenhouse gas emissions and water consumption. The CDP collects data and information that are crucial for the assessment by means of questionnaires that are to be completed on a voluntary basis.
