STOCK TITAN

Cummins Expands Effort to Provide Sustainable Water to Communities In-Need

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Cummins expands its partnership with Water.org, committing over $500,000 in grants to provide essential water infrastructure in Peru and the Philippines. This initiative is part of Cummins Water Works, aimed at addressing the global water crisis and producing net water benefits exceeding the company's annual consumption under its PLANET 2050 sustainability strategy. The grants will support communities in financing plumbing, pumps, and sanitation services, benefiting millions who currently lack reliable access to safe water. To date, the partnership has improved water access for over 400,000 people in various countries.

Positive
  • Investment of over $500,000 in water infrastructure grants.
  • Supports the goal of producing net water benefits under PLANET 2050.
  • Partnership with Water.org has aided over 400,000 people in accessing sustainable water.
Negative
  • Significant water access issues persist in the Philippines and Peru, affecting millions.

Cummins

NORTHAMPTON, MA / ACCESSWIRE / February 15, 2023 / Global power technology leader Cummins Inc. is expanding its partnership with Water.org, providing over $500,000 in grants to communities in Peru and the Philippines to help residents acquire much needed water infrastructure.

The project is part of Cummins Water Works, the company initiative to address the global water crisis by partnering with leading water experts to invest and engage in large-scale, high-impact water projects around the world.

Under PLANET 2050, Cummins environmental sustainability strategy, the company has established the goal to produce net water benefits that exceed Cummins' annual water consumption in all regions where the company has a presence.

When Cummins Water Works was founded, the company immediately partnered with Water.org, the global non-profit organization that works to bring safe, accessible and cost-effective water and sanitation solutions to the communities that need them most.

The partnership has already resulted in providing access to sustainable water to over 400,000 people in Brazil, India and Mexico.

"The statistics surrounding the severity of the water crisis in the world are unbelievable," says Scott Saum, Program Manager for Cummins Water Works. "We recently organized a panel discussion with Cummins leadership, Water.org and The Nature Conservancy, another of our key water partner experts, and learned some staggering evidence about water security. The discussion provided valuable insight to our employees of the situation at hand, and it is rewarding to know that our collaboration is making a difference."

Experts estimate about 785 million people in the world today lack access to safe water. About 2 billion people lack access to a toilet. Financially, the cost of not having access to clean water and sanitation is about $260 billion per year.

Families spend millions of hours collecting water, impacting school dropout rates in addition to hygiene-related diseases.

Today in the Philippines, 57 million people, out of an overall population of 110 million, lack access to reliable, safely managed drinking water, and 43 million people lack access to safely managed sanitation services. Similarly, with Peru's population of 32 million, 16 million lack access to safely managed drinking water, while 15 million lack access to safely managed sanitation services.

The grants from the Cummins Foundation will help communities by providing affordable financing to obtain infrastructure including plumbing, pumps, taps, toilets and water storage tanks.

Cummins Inc., Wednesday, February 15, 2023, Press release picture

Access to sustainable water can prevent a host of problems for needy regions of the world. Photo courtesy of Water.org.

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 source version on accesswire.com:
https://www.accesswire.com/739484/Cummins-Expands-Effort-to-Provide-Sustainable-Water-to-Communities-In-Need

FAQ

What is Cummins' recent initiative related to water scarcity?

Cummins is expanding its partnership with Water.org, providing over $500,000 to enhance water infrastructure in Peru and the Philippines.

How many people will benefit from Cummins' water infrastructure grants?

The grants are expected to improve access for millions, addressing the severe water crisis faced by communities in the targeted regions.

What does Cummins' sustainability strategy PLANET 2050 aim to achieve?

PLANET 2050 seeks to produce net water benefits exceeding Cummins' annual water consumption globally.

How has Cummins' partnership with Water.org impacted communities?

The partnership has already improved access to sustainable water for over 400,000 people in countries like Brazil, India, and Mexico.

What statistics highlight the water crisis in the Philippines and Peru?

In the Philippines, 57 million people lack reliable drinking water, while in Peru, 16 million face similar challenges.

Cummins Inc.

NYSE:CMI

CMI Rankings

CMI Latest News

CMI Stock Data

51.42B
136.49M
0.4%
86.81%
1.23%
Specialty Industrial Machinery
Engines & Turbines
Link
United States of America
COLUMBUS