Cummins named to prestigious world ESG index for second year in a row

A Cummins concept hydrogen fuel cell truck,

Cummins Inc. has been named to the prestigious S&P Dow Jones Sustainability World Index for a second consecutive year, scoring in the 98th percentile in the 2022 review.

The global power leader joined 34 other companies from 19 different countries receiving the honor Dec. 9 in the capital goods sector. The company was also named to the S&P Dow Jones Sustainability North America Index for a 16th consecutive year.

"It is very gratifying to have our efforts in the areas of the environment, social and governance recognized and to know that investors believe they are important elements of Cummins' story," said Karen Cecil, the company's Director of Global Environmental Sustainability. "These efforts are part of Cummins' core values and mission to power a more prosperous world.

“I’m especially proud of the 60,000 employees who work every day to envision what’s possible and identify sustainable solutions to go further, faster,” Cecil added. 

A COMPREHENSIVE REVIEW

S&P Global, the world’s largest market index provider, says a record 1,728 companies eligible for selection into one of S&P Dow Jones Sustainability Indexes participated in the review in 2022, an increase of 9% over 2021. The initiative reviewed an estimated 13.4 million data points to arrive at its 2022 indexes.

S&P Dow Jones official logo"Last year, more companies than ever participated in S&P Global's Corporate Sustainability Assessment (CSA)," said President and CEO Douglas Peterson in a report accompanying the release of the indexes. "The CSA forms the backbone of the research on which this report is based. We thank the companies that participated in this process, demonstrating their ongoing commitment to transparency about their ESG performance."

Unlike ESG datasets that rely only on publicly available information, S&P Dow Jones says its review is based on a combination of company disclosures via an exhaustive survey as well as media coverage of the companies reviewed and stakeholder analysis. 

The world sustainability index was first launched in 1999, making it one of the oldest sustainability/ESG (environmental, social and governance) rankings.

Cummins last made the S&P Dow Jones world sustainability index in 2013 before returning to the list in 2021 and now 2022. The company is committed to playing a leadership role on the global effort to reduce carbon emissions while also initiating programs to promote gender equity around the world and address institutional racism in the United States.

The rating from S&P Dow Jones follows an upgrade last month to AAA, the highest rating possible, in Cummins' MSCI (Morgan Stanley Capital International) ESG ratings. Earlier in the year, the company received a 2022 gold medal for sustainability achievement from EcoVadis, a leading provider of business sustainability ratings, and a "Low Risk" ESG Risk Rating from Sustainalytics, a global leader in ESG research and data. 

MANAGEMENT TOP 250 RANKING

In another sustainability related ranking released over the weekend, Cummins tied with the American Express Co. for No. 63  in The Wall Street Journal's 2022 Management Top 250 ranking. Cummins improved 16 places from the company's No. 79 ranking in 2021. 

The ranking evaluates America’s largest publicly traded companies in five key areas – customer satisfaction, employee engagement and development, innovation, social responsibility, and financial strength – to come up with an effectiveness score. 

The ranking is prepared for the newspaper by The Drucker Institute at Claremont Graduate University. It is based on the principles of Peter F. Drucker (1909-2005), a management consultant, educator and author, who wrote a monthly column at The Wall Street Journal for some two decades.
 

The 15 White Coats Partners with Black Worldschoolers Mobile Bookstore, powered by Cummins, to bring African American literature to Indianapolis Schools

mobile bookstore

The RESILIENT READERS BOOK CLUB is a school age book gifting initiative created by the nationally renowned The 15 White Coats and Black Worldschoolers Mobile Bookstore to provide access to high quality Black literature through book boxes placed inside of youth centered organizations. The Indianapolis launch is made possible by global power leader Cummins Inc., through its Cummins Advocating for Racial Equity (CARE) initiative. We are all committed to diversity, equity and inclusion. Moreover, we are committed to making a meaningful and lasting impact in the city of Indianapolis, IN.

Who

In 2019, The 15 White Coats (www.the15whitecoats.org), an internationally recognized non-profit organization whose mission is to diversify medicine through mentorship, literacy accessibility, and economic assistance. The 15 White Coats started after a photo of 15 Tulane School of Medicine African-American medical students posing in front of plantation slave quarters went viral. The organization has helped over 2000 students with over $500,000 in scholarships to help with entering the healthcare field, whether it's physicians, dentists, PAs, optometrists, NPs, nurses, etc. Moreover, nearly 10,000 15 White Coats photos have been distributed to schools, students, institutions, and businesses worldwide. 

The non-profit has been featured by Good Morning America, NBC Nightly News with Lester Holt, New Orleans Times-Picayune, CNN, MSNBC, NPR, U.S. Today, AAMC, AMA and People Magazine.

Visit their site to learn more. 


Black Worldschoolers Mobile Bookstore is a bookstore on wheels sharing stories that uplift Black life, Black heritage, and Black joy. Described as a "bookstore on wheels with ice cream truck energy" owner, Natalie Pipkin is on a mission to provide access and awareness to Black stories as well as excitement and engagement around reading, Black Worldschoolers Mobile Bookstore debuted as Indiana's first bookstore on wheels June 2022 and is the first of its kind in the region. Since its initial online launch in December 2020, Black Worldschoolers has been a recipient of the Jrue & Lauren Holiday Social Impact Fund, featured in Sports Illustrated, Scripps News, The Indianapolis Star, WFYI, FOX59 and WRTV. 

Visit the Black Worldschoolers site to learn more.


Cummins Inc., is a 104-year-old global power technology leader, with complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 73,600 people and is committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality ofopportunity. Cummins has a deeply rooted history in fighting for social justice, serving its communities and living the company's core values of diversity and inclusion.

In October 2020, Cummins Inc. launched Cummins Advocating for Racial Equity (CARE) so Cummins could take a leading role in the work to dismantle systemic discrimination against the Black community in the U.S. As a first step in this journey, CARE brings together all Cummins' capabilities - its people, its balance sheet and the company’s philanthropy - to drive racial equity and combat the impact of racism on its people, communities, and economy. 

Through CARE, Cummins is taking decisive action to address, and spearhead change throughout targeted CARE communities in the U.S., across four impact areas:

  • Police reform
  • Criminal justice reform
  • Economic empowerment
  • Social justice reform

Through CARE’s efforts, Cummins is dedicated to improving communities in which it operates to have a direct impact on the lives of its employees and its neighbors.

WHY

According to Indiana's National Assessment Educational Progress (NAEP), only 33% of 4th graders in Indiana read at or above a proficient level, with Black students among those suffering most. The NAEP results reflect the reality of educational inequities created by centuries of systemic racism that are still present today. How do we begin to engage and excite youth in the area of reading? High quality, culturally relevant books that can serve as mirrors and motivation to a historically left out population is a start. The Martindale-Brightwood neighborhood of Indianapolis has a scarcity of books in places where Black children are present and a lack of stories that positively reflect the youth within the communities.

This partnership is created to provide children and families access to enjoyable books, powerful stories and meaningful community interaction that will cultivate, a joy for reading, a healthy sense of self, fruitful lives and future aspirations. We will display boxes containing 15 curated books for K-3rd graders as designed by The 15 White Coats & Black Worldschoolers Mobile Bookstore.

Employees from the Cummins Community Involvement Team (CIT) along with volunteers within partnering organizations will deliver the threetiered book boxes and read stories aloud to the children at site locations throughout the year. Locations in the Martindale-Brightwood community as identified by the Edna Martin Christian Center, Kipp Indy, and other local partners. The partnership will host a literacy event in collaboration with Kipp Indy Schools in Spring 2023 to bring in the Mobile Bookstore and National Book Award Finalist, Author, Derrick Barnes. 

Resilient Readers Book Club is a book gifting initiative for school age children created by the nationally renowned, The 15 White Coats and Black Worldschoolers Mobile Bookstore, providing access to culturally relevant literature to inspire the youth of tomorrow. The Indianapolis area launch will take place March 6th 3 pm-6pm at KIPP Indy Legacy High School, and is powered by Cummins Inc.

We are inviting local and national media outlets to attend this groundbreaking event as well as to print details in order to raise awareness to the importance of having access to culturally relevant literature within our communities.

For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Dr. Russell J. Ledet at [email protected]..

Cummins Office Building

Cummins Inc.

Cummins, a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products.

Cummins’ Statement on South Carolina’s Proposed Abortion Ban

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Over the past few months, Cummins has been communicating internally to our employees, and publicly, our concerns with laws and proposals that limit the ability of people to make decisions about their reproductive healthcare. We are very concerned with the proposed legislation in South Carolina that would limit reproductive healthcare access. 

If passed, this legislation will impact our employees, our communities and impede our ability to attract and retain a diverse workforce in South Carolina. Cummins believes that women should have the right to make reproductive healthcare decisions as a matter of gender equity, ensuring that women have the same opportunity as others to participate fully in the workforce and that our workforce is diverse. South Carolina's proposed legislation is contrary to this goal.

For Cummins to be successful it is critical that we have a safe and welcoming workplace, and communities where we embrace our differences and enable all employees to thrive. As we continue to grow our footprint with a focus on selecting communities that align with our values and business goals, this law will be considered in our decision-making process.

We want to make it clear that Cummins will continue to provide our employees with access to high-quality, affordable healthcare, regardless of where they live and are able to make healthcare decisions based on what they believe is right for them.

Cummins Office Building

Cummins Inc.

Cummins, a global power technology leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company's products range from internal combustion, electric and hybrid integrated power solutions and components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, microgrid controls, batteries, electrolyzers and fuel cell products.

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