Cummins ranks 52nd among 500 largest US public companies in Newsweek's 2014 Green Rankings; Cummins also ranks 86th globally
June 6, 2014
– Cummins Inc. (NYSE: CMI) today announced that it is ranked #52 among the 500 largest public companies in the United States in Newsweek's 2014 Green Rankings of businesses and #86 among the largest public companies in the world. In both cases, Cummins ranks far ahead of industry peers.
"This recognition from Newsweek underscores the commitment of our Company and our employees to an important part of our corporate mission -- demanding that everything we do leads to a cleaner, healthier, safer environment," said Tom Linebarger, Cummins Chairman and CEO. "We believe our focus on the environment allows us to deliver economic value to our stakeholders while making a positive impact on communities around the world. Providing efficient and clean power is a win for our Company, a win for our customers, and a win for the environment."
Last month, Cummins announced its latest and most comprehensive plan to reduce its global environmental footprint, which is detailed in the Company's 2013-2014 Sustainability Report.
The plan is just the next step for Cummins, which has been working hard to reduce its environmental footprint for decades. Late in the 1990s Cummins began to view its technical expertise as a key competitive advantage to meet increasingly stringent emission regulations. Countries around the world continue to implement stricter air pollution standards, and Cummins is able to deliver products that not only comply with those standards but also provide the renowned power and reliability that customers depend on.
The latest plan to reduce the Company's environmental footprint came together after nearly two years of study and brings together stakeholders from all corners of the Company to execute a coordinated approach to the environment. Cummins examined its environmental footprint, putting special focus on water, waste and energy and greenhouse gases (GHGs).
The plan prioritizes addressing its biggest environmental opportunities -- from the materials it buys to the emissions and fuel efficiency of its products, and the Company has already moved forward with setting specific, measureable goals for Cummins' operations.
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 or www.cumminsengines.com. Follow Cummins on Twitter at @Cummins and on YouTube at Cummins Inc.