Cummins Releases 19th Annual Report on ESG Progress
Cummins’ released its 19th Annual Report on ESG Progress, including the first update on efforts to achieve the company’s 2030 environmental sustainability goals.
The report, which covers the calendar year 2021, also looks at the many ways Cummins’ commitment to climate action is driving innovation, and a special section explores how Cummins’ Supply Chain organization overcame challenges in the global parts and transportation network that crippled many companies.
The new report also reaffirms Cummins’ commitment to creating dynamic work environments strengthened by diversity, equity and inclusion, and commemorates a record year in community giving as well as a new community engagement strategic initiative to address the world’s water crisis..
The report also reaffirms Cummins’ commitment to creating dynamic work environments strengthened by diversity, equity and inclusion, and commemorates a record year in community giving as well as a new community engagement strategic initiative to address the world’s water crisis.
Environmental Sustainability
The company’s environmental sustainability strategy “PLANET 2050” sets nine goals timed to 2030, including the reduction of greenhouse gases (GHGs) produced by Cummins facilities and operations as well as GHGs from newly sold products, to cutting emissions of Volatile Organic Compounds (VOCs) from plants and facilities and establishing lifecycle plans for every part. While it is still relatively early, Cummins made progress in 2021 on both reducing GHG emissions from plants and facilities and working with customers to reduce GHGs from products in use. Cummins is also off to a good start cutting VOCs from facilities and operations and reducing water consumption across the company.
Innovation & Supply Chain
2021 will go down as one of the most innovative years at Cummins as the company recorded new highs for global patents and investing in research, development and engineering. The company also created Destination Zero, Cummins’ strategy to achieve net-zero emissions in its products by 2050.
Cummins is exploring the use of low-carbon fuels and other steps to reduce carbon emissions from its core products. The company is also bringing to market the no- and low-carbon technologies that will power the future, including battery-electric platforms and hydrogen fuel cells.
Meanwhile, people around the world, from all walks of life, learned the importance of supply chains in 2021. Cummins kept in close contact with key suppliers of parts in short supply, in some cases chartering special transportation for parts to avoid backlogs at some major ports. Efforts like this and others helped the company keep up with a steep increase in sales in 2021.
Dynamic Workplaces & Community Engagement
The new report also includes Cummins’ strategy for developing dynamic work environments, using the power of difference to deliver for the company’s customers. The strategy is built around helping employees reach their full potential and tapping into the power of diversity, equity and inclusion to take on customers’ biggest challenges. For a second year, Cummins included in the report disclosures regarding the gender of its global workforce and the racial and ethnic makeup of its U.S. workforce.
In addition to being the right thing to do, the company believes its community engagement programs help attract top talent who want to make a difference in their communities. Cummins in 2021 set a company record for community giving, $37.5 million, and established a new strategic initiative, Cummins Water Works, designed to partner with communities to develop sustainable water supplies. The Water Works program is a key step toward achieving the company’s 9th 2030 environmental goal – producing net water benefits in Cummins’ communities that exceed the company’s annual water use.
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