Cummins named to Dow Jones Sustainability Indexes again for 2010
COLUMBUS, Ind. – Cummins Inc. (NYSE: CMI) today announced that it has been named to the Dow Jones Sustainability World Index for the sixth consecutive year. The index recognizes the top 10 percent of the world’s largest public companies for their economic, social and environmental performance.
Altogether, 318 companies were named to the World Index across 57 industry sectors. Cummins was among just nine of 82 companies in the industrial engineering sector to make the World Index and one of three companies in the sector to be included in the Dow Jones Sustainability North America Index. This is the fourth consecutive year Cummins has been named to the North America Index.
Dow Jones, working with SAM, an investment firm focused exclusively on sustainability-related investing, has developed a “best-in-class” approach to analyzing companies across a wide range of sustainability metrics.
Companies are assessed on their performance in areas such as corporate governance, risk management, climate change mitigation, labor practices, corporate citizenship and philanthropy, employee development and supply chain standards. In addition to a universal set of criteria, companies also were analyzed on issues specific to their industries. For the first time ever in 2010, the assessment included questions regarding water-related environmental risks.
“Issues such as corporate responsibility, environmental stewardship and creating the right environment for our employees all have a direct impact on our long-term success as a company, and we take our responsibilities in these areas very seriously,’’ said Cummins Chairman and Chief Executive Officer Tim Solso. “We are honored to be recognized by Dow Jones again this year for our work to create a responsible, sustainable company that strives to meet the needs of its stakeholders around the world.”
For more information about the Dow Jones Sustainability Indexes, please visit www.sustainability-indexes.com. For more information about Cummins’ sustainability related work, visit the Sustainability section of our web site at www.cummins.com.
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 approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. The Company reported net income attributable to Cummins Inc. of $428 million on sales of $10.8 billion in 2009. Press releases can be found on the Web at www.cummins.com. Follow Cummins on Twitter at http://twitter.com/cummins.
Forward-looking disclosure statement
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.
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