Cummins releases 2007 Sustainability Report

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Cummins Inc. announced April 15 that it has released its fifth annual Sustainability Report on the company website, and that a print version of the report will be available in May. The 102-page report, which the company calls its 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,” says Tim Solso, chairman and chief executive officer of Columbus, Ind.-based Cummins. “Not only is it the right thing to do, but it makes good business sense for the company.”

Cummins says corporate responsibility and working toward a cleaner, healthier, safer environment are primary components of its commitment to sustainability. Since the publication of the 2006 Sustainability Report, the company says it 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 its Customer Support Excellence initiatives to all parts of the corporation;
  • Recognition of technological innovation for many of its products;
  • Awards for excellence in corporate governance and business ethics;
  • The revamping of its Code of Business Conduct for employees;
  • Acknowledgment of its leadership in diversity and its employment of Asians and Asian-Americans;
  • Recognition as one of the top companies for leaders; and
  • Inclusion in the Dow Jones Sustainability Index for the third straight year.
  • Cummins says 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.