For the fourth year in a row, Cummins Inc. (NYSE: CMI) has been named to
the Dow Jones Sustainability World index, which represents the top 10
percent of the world's largest 2,500 companies in corporate
sustainability.
Also as part of the 2008 review, Cummins was recognized as one of the
world’s top 11 leaders in sustainability among
industrial companies and was included in the North American index for
the second straight year.
The updated indices, based on Dow Jones Sustainability Index’s
(DJSI) annual review, become effective with the opening of the equity
markets on Sept. 22, 2008.
In its annual review, the DJSI analyzes companies in three broad
categories - economic, social, and environment, with a higher weighting
given to environmental performance in industrial companies such as
Cummins.
Specific issues considered include corporate governance, risk
management, customer relationship management, climate change strategy,
supply chain standards, labor practices, corporate citizenship and
philanthropy, employee development, product stewardship, environmental
management systems, and environmental policy and procedures and the
scope of their application.
“Cummins appreciates the work DJSI does
to promote and recognize good sustainable practices, and it’s
an honor to be included in a list of such fine companies,”
said Tom Linebarger, President and Chief Operating Officer of Cummins. “Cummins
believes that strong performance in governance, social and environmental
arenas is not only the right thing to do, but benefits all our
stakeholders. There are always areas in which we can improve, but our
inclusion for the fourth time in the World Index is an indication that
we are making good progress.”
Cummins works hard to improve its sustainable practices every year. In
2008, the Company expanded its customer support excellence initiatives
to all parts of the corporation; received awards for excellence in
corporate governance and business ethics; revamped its Code of Conduct
for employees; made solid progress in achieving its greenhouse gas
reduction commitment; adopted more stringent safety targets to move
Cummins to best in class in safety; and was acknowledged as a leader in
diversity and our employment of Asians and Asian-Americans.
Sustainable Asset Management (SAM) Group works in partnership with Dow
Jones in analyzing companies and compiling its indices.
