For the fourth year in a row, Cummins Inc. 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 indexes, based on Dow Jones Sustainability Index’s (DJSI) annual review, become effective with the opening of the equity markets on Sept. 22.
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.”