Cummins Inc. (NYSE: CMI) today announced that it has released its fifth annual Sustainability Report on the Company web site, www.cummins.com. A print version of the report will be available in May.
The 102-page report, the Company’s most comprehensive to date, details Cummins’ environmental and corporate responsibility efforts while also providing a corporate overview and highlights from the past year.
“While Cummins is a leader in developing new products to meet tough emission standards, I am equally impressed by the work people in our plants are doing to reduce energy usage and focus on the prudent use of our natural resources,” said Cummins Chairman and CEO Tim Solso. “Not only is it the right thing to do, but it makes good business sense for the Company."
Corporate responsibility and working toward a cleaner, healthier, safer environment are primary components of Cummins’ commitment to sustainability. Since the publication of the 2006 Sustainability Report, the Company has had a number of achievements on behalf of its stakeholders including:
- The fourth straight year of record financial performance and a five-year average annual total shareholder return of 58 percent.
- The launch of exciting new products in 2007, including engines that meet tough global emissions standards.
- Expansion of the Company’s Customer Support Excellence initiatives to all parts of the corporation.
- Recognition of technological innovation for many Cummins products.
- Awards for excellence in corporate governance and business ethics.
- The revamping of Cummins Code of Business Conduct for employees.
- Acknowledgment of the Company’s leadership in diversity and its employment of Asians and Asian-Americans.
- Recognition as one of the top companies for leaders.
- Inclusion in the Dow Jones Sustainability Index for the third straight year.
The report was prepared following the spirit of guidelines established by the Global Reporting Initiative. The aim of the GRI is to develop a consistent way for companies around the world to voluntarily report on the economic, environmental and social components of their business.
About Cummins
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com.
Forward-looking disclosure statement
Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company’s actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including, but not limited to, general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility and other risks detailed from time to time in Cummins Securities and Exchange Commission filings.
Contacts:
Mark Land, 317-610-2456
Director of Public
Relations
mark.d.land@cummins.com
