Cummins Inc. released its latest Sustainability Report, along with a 16-page Executive Summary of the more than 140-page report.
This year's report theme is "Living Our Values." It focuses on Cummins' six core values — integrity, innovation, delivering superior results, corporate responsibility, diversity and global involvement. The report looks at how the Company is living its six core values in key areas of sustainability — the environment, corporate responsibility, safety, diversity, governance and financial.
"Cummins' values provide us with a foundation that enables our company to look at challenging times not as a moment to stand still, but rather as an opportunity to position ourselves for a bright future relying on our values to guide us more than ever," said Cummins Chairman and CEO Tom Linebarger. "Collectively, they are integral to everything we do, rooted in a 95-year tradition of partnering in our customers' success by providing innovative solutions to their power needs."
Report highlights include:
- Cummins introduced more than 70 new products or product updates around the world in 2013, many addressing emissions, fuel efficiency or both.
- Employees volunteered 308,783 hours in community service activities, a new company record.
- Cummins Environmental Challenge projects reduced 19,000 tons of GHGs, also a new record equivalent to taking 3,950 vehicles off the road for a year.
- The Cummins-Peterbilt "SuperTruck" averaged a 75 percent increase in fuel economy, a 43 percent reduction in greenhouse gas (GHG) emissions and an 86 percent gain in freight efficiency, while achieving nearly 11 miles per gallon under real world conditions.
- A Cummins team helped improve fuel efficiency by 4 to 6 percent for a large mining company, saving it $14 million and reducing GHG emissions by 27,000 metric tons of carbon dioxide annually.
- Cummins has set a goal of reducing energy use and GHG emissions by 25 percent and 27 percent, respectively, by 2015 compared to a 2005 baseline and adjusted to sales.
- Cummins has set a goal of reducing direct water use across the company by 33 percent, adjusted to hours worked while achieving water neutrality at 15 manufacturing sites in water stressed countries by 2020.
- Cummins has established a goal of increasing the company's recycling rate from 89 percent to 95 percent and achieving "zero disposal" status at 30 sites by 2020.
Click here to read the full report.