Cummins Inc. announced that it has been named to the Dow Jones Sustainability World Index for the sixth consecutive year. The index recognizes the top 10 percent of the world’s largest public companies for their economic, social and environmental performance.
Altogether, 318 companies were named to the World Index across 57 industry sectors. Cummins was among just nine of 82 companies in the industrial engineering sector to make the World Index and one of three companies in the sector to be included in the Dow Jones Sustainability North America Index. This is the fourth consecutive year Cummins has been named to the North America Index.
Dow Jones, working with SAM, an investment firm focused exclusively on sustainability-related investing, has developed a “best-in-class” approach to analyzing companies across a wide range of sustainability metrics.
Companies are assessed on their performance in areas such as corporate governance, risk management, climate change mitigation, labor practices, corporate citizenship and philanthropy, employee development and supply chain standards. In addition to a universal set of criteria, companies also were analyzed on issues specific to their industries. For the first time ever in 2010, the assessment included questions regarding water-related environmental risks.
“Issues such as corporate responsibility, environmental stewardship and creating the right environment for our employees all have a direct impact on our long-term success as a company, and we take our responsibilities in these areas very seriously,’’ says Tim Solso, Cummins chairman and chief executive officer. “We are honored to be recognized by Dow Jones again this year for our work to create a responsible, sustainable company that strives to meet the needs of its stakeholders around the world.”