Cummins 2023-2024 Sustainability Progress Report: Sustainability at Cummins

Rhea-AI Summary

Cummins Inc. (CMI) has released its 2023-2024 Sustainability Progress Report, marking 20 years of publication. The report highlights how sustainability and ESG issues have been integral to Cummins' long-term business strategy for decades. Key points include:

1. ESG oversight by the Board of Directors through various committees
2. Alignment of ESG strategy with business strategy
3. Consistent reporting using frameworks like GRI, CDP, TCFD, and SASB
4. Publication of a Human Capital Management Report since 2021
5. Evolving report format for improved readability

Cummins emphasizes its commitment to reducing environmental impact, supporting communities, and promoting diversity and inclusion. The company's Executive Director of Global Risk oversees ESG strategic direction and serves as the primary contact for the board and executive management team on these matters.

NORTHAMPTON, MA / ACCESSWIRE / July 16, 2024 / Cummins Inc.
Sustainability is not new to Cummins. For several decades, both sustainability and efforts related to environmental, social and governance (ESG) issues have been critical elements of the company's long-term business and growth strategies.

2023-2024 Cummins Sustainability Progress Report

Long before ESG entered the general lexicon, Cummins' values focused on producing engines that reduced environmental impact, supporting healthier communities and embracing diversity and inclusion.

With these principles embedded across the company, the ESG strategy is Cummins' business strategy. With the support and oversight of the Board of Directors, the company continues to
focus on sustainability, including efforts related to ESG. The board has oversight of Cummins' top ESG risks and opportunities in the following committees, depending on the topic: Talent Management and Compensation Committee; Safety, Environmental and Technology Committee;
Audit Committee; and the Governance and Nominating Committee. Leaders also review the ESG strategy and progress with the full board at least once per year. The company's Executive Director - Global Risk provides accountability over ESG strategic direction and serves as a primary point of contact for the board and the Cummins executive management team.

Cummins reports

Celebrating 20 years of publication, the Cummins' Sustainability Progress Report is evolving. In the spirit of continuous improvement and ease of reading, readers will find a condensed overview with the option to access sections that provide greater detail in areas of interest.

The company strives to be consistent with the reporting structures established by the Global Reporting Initiative (GRI) and other top sustainability platforms. Since 2019, in addition to this report, the company has posted reports to the following sustainability frameworks:

• The CDP's (formerly the Carbon Disclosure Project) Water and Climate platforms (2019, 2020, 2021, 2022).

• The Task Force on Climate-Related Financial Disclosures (2021, 2022).

• The Sustainability Accounting Standards Board (2019).

• The GRI Content Index and Data Book (2019).

• Since 2021, Cummins has issued the Human Capital Management Report exploring the company's workforce and Cummins' approach to leadership development, compensation and benefits, employee training, and diversity, equity and inclusion.

• All of the referenced reports, including the company's sustainability reports back to 2003, can be found in Cummins' Sustainability Document Archive.

Read the full 2023-2024 Cummins Sustainability Progress Report

Courtesy Cummins Inc.

View additional multimedia and more ESG storytelling from Cummins Inc. on 3blmedia.com.

Contact Info:
Spokesperson: Cummins Inc.
Website: https://www.3blmedia.com/profiles/cummins-inc
Email: info@3blmedia.com

SOURCE: Cummins Inc.

View the original press release on accesswire.com

FAQ

What is the main focus of Cummins' (CMI) 2023-2024 Sustainability Progress Report?

The 2023-2024 Sustainability Progress Report focuses on Cummins' long-term commitment to sustainability and ESG issues, highlighting how these elements are integrated into the company's business strategy.

How long has Cummins (CMI) been publishing its Sustainability Progress Report?

Cummins has been publishing its Sustainability Progress Report for 20 years, with the 2023-2024 report marking this milestone.

What sustainability reporting frameworks does Cummins (CMI) use?

Cummins reports using frameworks such as the Global Reporting Initiative (GRI), CDP (formerly Carbon Disclosure Project), Task Force on Climate-Related Financial Disclosures (TCFD), and Sustainability Accounting Standards Board (SASB).

When did Cummins (CMI) start issuing its Human Capital Management Report?

Cummins has been issuing its Human Capital Management Report since 2021, focusing on workforce, leadership development, compensation, benefits, employee training, and diversity, equity, and inclusion.

How does Cummins (CMI) oversee ESG matters at the board level?

Cummins' Board of Directors oversees ESG matters through various committees, including the Talent Management and Compensation Committee, Safety, Environmental and Technology Committee, Audit Committee, and Governance and Nominating Committee.