Union Pacific allocated 100% of the bond's net proceeds of $590.8 million to eligible projects that support the corporation's sustainability initiatives consistent with the Union Pacific Corporation Green Financing Framework. "The infrastructure investments funded by the green-bond proceeds underscore Union Pacific's efforts toward building a more sustainable future and to achieving our climate-change goal of net zero by 2050," said Beth Whited, president of Union Pacific Railroad. Related Article: Union Pacific Outlines Progress Toward a More Sustainable Future in Building America Report The allocated projects included: While Union Pacific is proud of the impact of these projects on reducing its environmental footprint, it is important to note railroads already are one of the most fuel-efficient means of transportation, according to the Association of American Railroads. Moving freight by rail instead of truck reduces GHG emissions by up to 75%.