COLUMBUS, IN--(Marketwired - September 26, 2013) - Cummins Inc. (CMI) announced today that the Company received its best score ever on greenhouse gas (GHG) reduction from the CDP, formerly known as the Carbon Disclosure Project. The Company also made the Dow Jones Sustainability Indices and was recognized for the strides it has made in decreasing energy use.
"Cummins is a leader when it comes to the technologies that reduce engine emissions and provide better fuel economy, meeting our Company mission of demanding that everything we do leads to a cleaner, healthier and safer environment," said Tom Linebarger, Cummins Chairman and CEO. "At Cummins, we believe that sustainability starts with a strong financial performance, which enables our Company to make the necessary investments to develop the best technology and help our customers succeed."
More than 10 years ago, CDP pioneered the only global disclosure system for companies to report their environmental impacts and strategies to investors. This year, Cummins received its best score since it began reporting in 2004 on its GHG emissions and its reduction and response strategies.
The Company scored 91 out of 100 on the CDP's scale. Cummins' previous high score was 87 last year. The international, not-for-profit organization's findings were released earlier this month and are based on 2012 data.
The Company received two other honors during September for its environmental sustainability initiatives.
Cummins was again named to the Dow Jones World and North American lists of the most sustainable companies. Cummins made the World list of the Dow Jones Sustainability Indices (DJSI) for a ninth consecutive year and its North American list for a seventh consecutive year.
Launched in 1999, the DJSI were the first global indices to track the financial performance of the leading sustainability-driven companies worldwide. The DJSI's annual company assessment provides an in-depth analysis of financially material economic, environmental and social practices. These practices include innovation, supply chain management, climate strategy, and stakeholder engagement.
DJSI said 333 companies made the world list in 2013, including 39 additions and 47 deletions. The Dow Jones indices were also based on 2012 data. More than 3,000 companies were invited to report on their sustainability efforts.
Finally, Cummins was honored today for exceeding its goal of a 25 percent reduction in energy intensity (energy use adjusted for sales) by 2016 at 73 U.S. facilities including 19 manufacturing plants. The goal, which uses 2005 as a baseline, was set as part of the U.S. Department of Energy's Better Buildings Challenge. So far, Cummins has reduced its energy intensity by nearly 40 percent.
As part of its participation in the program, the Company also identified its Jamestown (N.Y.) Engine Plant as a "showcase" site. The plant is undergoing a four-year, $23.8 million project to improve energy efficiency that includes replacing the 45-year-old plant's roof and upgrading its heating, cooling and compressed air systems.
To learn more about the CDP, go to www.cdproject.net. To learn more about the Dow Jones sustainability indices, go to www.sustainability-indices.com. To learn more about the Better Buildings Challenge, go to www4.eere.energy.gov/challenge.
Cummins is committed to helping its customers meet the demands of a more sustainable world through innovative solutions to their power needs. To learn more about the Company's sustainability efforts and to see Cummins' submission to the CDP, go to www.cummins.com/sustainability.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service diesel and natural gas engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins currently employs approximately 46,000 people worldwide and serves customers in approximately 190 countries and territories through a network of approximately 600 company-owned and independent distributor locations and approximately 6,500 dealer locations. Cummins earned $1.65 billion on sales of $17.3 billion in 2012. Press releases can be found on the Web at www.cummins.com or www.cumminsengines.com. Follow Cummins on Twitter at https://twitter.com/cumminsengines and on YouTube at https://youtube.com/cumminsengines.
The following files are available for download: