Cummins Named to CRO magazine's 'Best Corporate Citizens' List for Eighth Straight Year.Company is One of Only 11 to Be Recognized Each Year the List Has Been in Existence COLUMBUS, Ind. -- Cummins Inc. (NYSE NYSE See: New York Stock Exchange :CMI (Computer-Managed Instruction) Using computers to organize and manage an instructional program for students. It helps create test materials, tracks the results and monitors student progress. ) today was named as one of the 100 Best Corporate Citizens in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. by CRO magazine, the eighth straight year the Company has received this recognition. Cummins is one of only 11 companies to have made the list every year since its inception. The "100 Best Corporate Citizens" list identifies companies that excel at Verb 1. excel at - be good at; "She shines at math" shine at excel, surpass, stand out - distinguish oneself; "She excelled in math" serving a variety of stakeholders well. The list is drawn from more than 1,100 of the largest U.S. publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . "We are honored to receive this recognition and to be mentioned alongside some of the premiere names in Corporate America," said Cummins Chairman and Chief Executive Officer Tim Solso. "The last three years have been the most profitable in Cummins' history, but we're especially proud of the fact that we have been able to produce those results while remaining true to our core values of ethical business behavior and corporate social responsibility. "We pride ourselves on operating under a set of values that emphasizes integrity, innovation, delivering superior results, corporate responsibility, diversity and global involvement. This recognition is further validation of the terrific work being done by Cummins employees worldwide every day." Cummins was No. 35 on the 2007 list, up from No. 61 in 2006. Green Mountain Coffee Roasters Green Mountain Coffee Roasters is a publicly-traded brand of coffee based at Waterbury in the U.S. state of Vermont. The brand specializes in organic, fair-trade, and specialty gourmet coffees. Keurig is wholly owned subsidiary of Green Mountain Coffee Roasters, Inc. was No. 1 on the list for the second straight year. "The '100 Best' distinguish themselves from their peers at other large public companies by embracing higher standards--combining strong financial performance with responsible practices on environmental and social issues," said Michael Connor, Publisher and Editor of CRO magazine. "We salute the '100 Best' for their leadership roles in the field of corporate responsibility." Cummins, which also has been named to the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance World Sustainability Index each of the last two years, recorded a number of notable social and environmental achievements in 2006, including: * Development of a greenhouse gas greenhouse gas n. Any of the atmospheric gases that contribute to the greenhouse effect. greenhouse gas emissions reduction target * Inclusion in the U.S. EPA's "Climate Leaders" program * Development and global implementation of a Supplier Code of Conduct * Participation in the Carbon Disclosure Project, an institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. consortium that seeks to encourage greater environmental reporting among companies * Helping to strengthen the educational and employment foundation in central and southern Indiana Southern Indiana, in the United States, is notable because it is culturally distinct from the rest of the state. The area's geography has led to a blend of Northern and Southern culture that is not found in the rest of Indiana. by linking the site selection for a new plant to a public-private agreement that will provide enhanced educational opportunities for an underserved community * Continuation of its "Every Employee, Every Community" public service initiative, which provides Cummins employees worldwide the opportunity to assist their local communities on Company time. * Record-setting United Way campaigns in many regions in which Cummins has operations. Also, in January 2007 Cummins announced that its new 6.7-liter turbo diesel engine for the heavy-duty Dodge Ram
The Ram is a full-size pickup truck from Chrysler LLC's Dodge brand. The name was first used in 1981 on the redesigned Ram and Power Ram, though it came from the hood ornament used on pickup truck will meet 2010 EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. emissions standards a full three years early. The engine, the first to meet the 2010 EPA standards for nitrogen oxides emissions, is in production at the Company's manufacturing facility near Columbus, Indiana. About the 100 Best Corporate Citizens list The 100 Best Corporate Citizens list was developed by Business Ethics magazine, which was incorporated last year into The CRO, a premier membership organization for Corporate Responsibility Officers. In addition to its flagship publication, CRO magazine, The CRO offers members a variety of multimedia content including annual conferences, webinars, e-newsletters and original online material. In addition to Cummins, the following companies have made the list all eight years: Intel, Timberland, Starbucks, Herman Miller, Cisco, Pitney Bowes, Southwest Airlines, Ecolab, Brady Corp. and St. Paul Travelers. The 100 Best Corporate Citizens list uses data from Socrates, the online social research database created by KLD KLD Kullback-Leibler Divergence KLD Kullback-Leibler Distance KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice) Research & Analytics in Boston, an independent research firm serving investment management professionals, to put a numerical rating on companies' service to various stakeholders. The companies considered for the list include U.S. firms in the Russell 1000, the S&P 500, and the Domini 400 Social Index The Domini 400 Social Index is a stock market index created by Amy Domini and others at KLD Research & Analytics, Inc. as a benchmark of large companies that are considered socially responsible or ethical. . These firms are ranked on service in eight stakeholder categories: shareholders, community, governance, diversity, employees, environment, human rights, and product. Social scores use KLD's assessment of "strengths" and "concerns" demonstrated in each category. The shareholder score is based on three-year average total return (stock appreciation plus dividends) through year-end 2006. More details regarding the 100 Best Corporate Citizens list are available on the CRO web site at www.thecro.com. About Cummins 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 more than 160 countries through its network of 550 Company-owned and independent distributor facilities and more than 5,000 dealer locations. Cummins reported net income of $715 million on sales of $11.4 billion in 2006. Press releases can be found on the Web at www.cummins.com. Information provided in this release that is not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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