Cummins Announces New Environmental Sustainability Goals
May 08 2015 - 2:23PM
Cummins Inc. (NYSE:CMI) today announced two new environmental
sustainability goals, for its products in-use and the logistics of
the Company's managed freight. These new goals are part of a
broader effort for Cummins to reduce its environmental footprint.
Last year, Cummins announced its first comprehensive Global
Environmental Sustainability Plan including goals for water, waste
and energy use in Cummins facilities and operations. Cummins'
mission demands that everything the Company does leads to a
cleaner, healthier, safer environment. The Company is taking the
next step in fulfilling this mission and building on its long
history of environmental leadership. The Company is making a
difference in reducing carbon dioxide emissions by partnering with
customers to improve the fuel efficiency of its products in-use,
the largest part of the Company's CO2 footprint. Cummins is now
raising the bar by pledging by 2020 to reach an annual reduction of
3.5 million metric tonnes of carbon dioxide (CO2), which equates to
350 million gallons of fuel. "With millions of engines and
generators in service around the world, there's no question in my
mind that Cummins has the global reach to make a difference for the
environment," said Brian Mormino, Executive Director Worldwide
Environmental Strategy and Compliance, Cummins Inc. By the end of
2020, the Company expects to reach 20 percent of its customers,
cumulatively saving them 1.6 billion gallons of fuel, $6 billon and
more than 15 million metric tonnes of CO2. This equates to taking
3.2 million passenger vehicles off the road. In 2014 alone, the
Company's fuel efficiency work reduced CO2 emissions from products
in-use equal to the CO2 footprint of Cummins global facilities. In
addition to products in-use fuel efficiency, Cummins is also
pledging to use the most efficient methods to move goods across the
Cummins network to reduce CO2 per kilogram of goods moved by 10
percent by 2020. As part of its supply chain strategy, Cummins has
adopted a global transportation management system to improve the
speed and efficiency of goods moved and to improve end-to-end
visibility to manage the process. Adding a goal for CO2 reduction
not only will quantify the environmental benefit that the Company
expects to achieve through this system, but accelerate and expand
our efforts globally. "We view our environmental sustainability
plan as a process of continuous improvement," said Mormino.
"Cummins will continue to develop more strategies as our efforts
mature and set new goals after we meet existing targets. Our
company is currently focusing on environmental strategies for new
products and supplier engagement and will talk more about that as
those plans are finalized." The Company's 2014-2015 Sustainability
Report, which will be published May 12, 2015, will have more
details on progress toward meeting our stated goals in water, waste
and energy. About Cummins 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 54,600 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 7,200 dealer
locations. Cummins earned $1.65 billion on sales of $19.2 billion
in 2014. Press releases can be found on the Web at www.cummins.com.
Follow Cummins on Twitter at @Cummins and on YouTube at Cummins
Inc.
CONTACT: Jon Mills
Director -- External Communications
(317) 658-4540
jon.mills@cummins.com
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