Cummins inc. (NYSE: CMI) today released the company’s 19th annual sustainability progress report, including Cummins‘ first update on efforts to achieve the company’s 2030 environmental sustainability goals.
The report, which covers the calendar year 2021, also examines the many ways Cummins‘Commitment to climate action drives innovation, and a special section explores how Cummins‘The supply chain organization overcame the challenges of the global parts and transportation network that crippled many businesses.
The new report also reaffirms Cummins‘ to create vibrant work environments strengthened by diversity, equity and inclusion, and commemorates a record year of community giving as well as a new strategic community engagement initiative to address the global crisis of water.
“2021 has been dominated by challenges demanding action, Cummins and its stakeholders,’ Chairman and Chief Executive Officer Tom Line Barger said in his cover letter for the report. “It will take all of us working together to address these broad systemic issues and Cummins is committed to playing a leadership role in these efforts.
PLANET 2050, the company’s environmental sustainability strategy, includes nine goals timed to 2030 that cover everything from reducing greenhouse gases (GHGs) produced by Cummins facilities and operations as well as GHGs from newly sold products, reducing volatile organic compound (VOC) emissions from plants and facilities, and establishing life cycle plans for each part.
If it is still relatively early, Cummins made progress in 2021 on both reducing GHG emissions from factories and facilities and working with customers to reduce GHGs from products in use. Cummins is also on track to reduce VOCs from facilities and operations and reduce water consumption across the business.
INNOVATION AND SUPPLY CHAIN
2021 will go down as one of the most innovative years to Cummins as the company recorded new highs for global patents and invested in research, development and engineering. The company also created Destination Zero, Cummins‘ to achieve net zero emissions in its products by 2050.
Cummins explores the use of low-carbon fuels and other measures to reduce carbon emissions from its base products. The company is also bringing to market the carbon-free and low-carbon technologies that will power the future, including battery electric platforms and hydrogen fuel cells.
Meanwhile, people around the world, from all walks of life, have learned the importance of supply chains in 2021. Cummins stay in close contact with major suppliers of parts in short supply, in some cases chartering special transport for parts to avoid backlogs at certain major ports. Efforts like this and others have helped the company track a surge in sales in 2021.
DYNAMIC WORKPLACES AND COMMUNITY ENGAGEMENT
The new report also includes Cummins‘ strategy of developing dynamic work environments, using the power of difference to offer corporate customers. The strategy aims to help employees reach their full potential and harness the power of diversity, equity and inclusion to address customers’ biggest challenges. For a second year, Cummins included in the report information regarding the gender of its global workforce and the racial and ethnic makeup of its WE Workforce.
In addition to being the right thing to do, the company believes its community engagement programs help attract top talent who want to make a difference in their communities. Cummins in 2021, set a corporate record for community giving, $37.5 millionand implemented a new strategic initiative, Cummins Water Works, designed to partner with communities to develop sustainable water supplies.
The Water Works program is a key step towards achieving the company’s 9th environmental goal for 2030 – to produce net water benefits in Cummins‘ communities that exceed the company’s annual water consumption.
The new report is published in the company’s sustainability document archive and Cummins‘ESG website.
About Cummins inc.
Cummins inc., a global energy technology leader, is a complementary business line company that designs, manufactures, distributes and services a broad portfolio of energy solutions. The Company’s product line includes integrated internal combustion, electric and hybrid power solutions and components, including filtration, aftertreatment, turbochargers, fuel systems, control systems, air handling, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cells. some products. Based at Columbus, Indiana (WE), since its foundation in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities essential to healthy communities: education, the environment and equal opportunity. Cummins serves its customers online, through a network of company-owned and independent distribution outlets, and through thousands of retail outlets worldwide and has earned approximately $2.1 billion on the sales of $24 billion in 2021.