|By Marketwired .||
|May 15, 2014 10:01 AM EDT||
COLUMBUS, IN--(Marketwired - May 15, 2014) - This week, Cummins Inc. (NYSE: CMI) released its largest Sustainability Report yet, including more data, pictures and stories than ever before.
The Company, which has produced a report since 2003, also released a 16-page Executive Summary of the more than 140 page report. Both can be found at the Company's external sustainability website, cummins.com/sustainability.
This year's report theme is "Living Our Values." It focuses on Cummins' six core values -- Integrity, Innovation, Delivering Superior Results, Corporate Responsibility, Diversity and Global Involvement. The report looks at how the Company is living its six core values in key areas of sustainability -- the environment, corporate responsibility, safety, diversity, governance and financial.
"Cummins' values provide us with a foundation that enables our Company to look at challenging times not as a moment to stand still, but rather as an opportunity to position ourselves for a bright future relying on our values to guide us more than ever," said Cummins Chairman and CEO Tom Linebarger. "Collectively, they are integral to everything we do, rooted in a 95-year tradition of partnering in our customers' success by providing innovative solutions to their power needs."
The lead story is on Cummins' new comprehensive environmental sustainability plan. The plan lays out all the ways the Company can move ahead on reducing its environmental footprint while providing economic value to stakeholders.
Report highlights include:
- Cummins has set a goal of reducing energy use and greenhouse gas (GHG) emissions by 25 percent and 27 percent, respectively, by 2015 compared to a 2005 baseline and adjusted to sales.
- Cummins has set a goal of reducing direct water use across the Company by 33 percent, adjusted to hours worked while achieving water neutrality at 15 manufacturing sites in water stressed countries by 2020.
- Cummins has established a goal of increasing the Company's recycling rate from 89 percent to 95 percent and achieving "zero disposal" status at 30 sites by 2020.
- A Cummins team helped improve fuel efficiency by 4 to 6 percent for a large mining company, saving it $14 million and reducing GHG emissions by 27,000 metric tons of carbon dioxide annually.
- The Cummins-Peterbilt "SuperTruck" averaged a 75 percent increase in fuel economy, a 43 percent reduction in GHG emissions and an 86 percent gain in freight efficiency, while achieving nearly 11 miles per gallon under real world conditions.
- Cummins introduced more than 70 new products or product updates around the world in 2013, many addressing emissions, fuel efficiency or both.
- Cummins employees volunteered 308,783 hours in community service activities, a new Company record.
- Cummins Environmental Challenge projects reduced 19,000 tons of GHGs, also a new record equivalent to taking 3,950 vehicles off the road for a year.
Another new feature of this year's report is its horizontal layout, which makes it easier to read on a computer. The Company, which is only going to print a limited number of reports to help conserve resources, encourages readers to access the online version.
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 48,000 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 $1.48 billion on sales of $17.3 billion in 2013. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at @Cummins and on YouTube at CumminsInc.
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