Cummins Joins EPA’s Climate Leaders, Sets Emissions Reduction Goal
COLUMBUS, Ind.--As a part of its continued commitment to sustainable practices, Cummins today announced its participation in the U.S. Environmental Protection Agency’s Climate Leaders program.
By participating in Climate Leaders, Cummins has pledged to reduce its corporate-wide greenhouse gas (GHG) emissions by 25 percent by 2010, against a base year of 2005. The Company will track greenhouse gas emissions at Cummins-managed facilities worldwide that contribute to the Company’s net sales.
The GHG reduction goal is in addition to the 20 percent reduction in GHG intensity that Cummins has already achieved from 2000-2005.
“Joining Climate Leaders and pursuing a climate change strategy are the right things for Cummins to do - both from a business perspective and in our role as a steward of the environment,” said Christine Vujovich, Vice President, Marketing and Environmental Policy. “Cummins believes it is important to take concrete action to assess opportunities to establish and meet emission-reduction objectives, and invest in new, more efficient products, practices and technologies.
"We have taken many steps to fulfill our corporate environmental mission, which demands that everything we do leads to a cleaner, safer, healthier environment. And while our accomplishments to date have been significant, making the commitment to join Climate Leaders and to establish a GHG reduction goal are natural extensions of the work we already have begun."
Cummins has been collecting GHG emissions data since 1999, focusing on improvements at all sites. The Company has published an annual Sustainability Report since 2003 and was named to the Dow Jones Sustainability World Index in both 2005 and 2006. It is also a member of Climate RESOLVE and participated in the Carbon Disclosure Project in 2006.
About Climate Leaders
Launched in February 2002, EPA’s Climate Leaders is an industry-government partnership that works to develop long-term comprehensive corporate climate change strategies.
Climate Leaders Partners set a corporate-wide greenhouse gas reduction goal and inventory their emissions to measure progress. By reporting inventory data to EPA, Partners create a lasting record of their accomplishments. Partners also identify themselves as corporate environmental leaders and strategically position themselves as climate change policy continues to unfold.
Climate Leaders Partners represent a variety of sectors, from heavy manufacturing to banking and retail. These companies all strive to set the standard for greenhouse gas management in their sectors, and more broadly in the U.S. economy.
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 $550 million on sales of $9.9 billion in 2005. Press releases can be found on the Web at www.cummins.com.
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.