Cummins Releases 2007 Sustainability Report on the Web.Fifth Annual Report Details Company's Environmental and Corporate Responsibility Efforts 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 announced that it has released its fifth annual Sustainability Report on the Company web site, www.cummins.com. A print version of the report will be available in May. The 102-page report, the Company's most comprehensive to date, details Cummins' environmental and corporate responsibility efforts while also providing a corporate overview and highlights from the past year. "While Cummins is a leader in developing new products to meet tough emission standards, I am equally impressed by the work people in our plants are doing to reduce energy usage and focus on the prudent use of our natural resources," said Cummins Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Tim Solso. "Not only is it the right thing to do, but it makes good business sense for the Company." Corporate responsibility and working toward a cleaner, healthier, safer environment are primary components of Cummins' commitment to sustainability. Since the publication of the 2006 Sustainability Report, the Company has had a number of achievements on behalf of its stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. including: * The fourth straight year of record financial performance and a five-year average annual total shareholder return of 58 percent. * The launch of exciting new products in 2007, including engines that meet tough global emissions standards. * Expansion of the Company's Customer Support Excellence initiatives to all parts of the corporation. * Recognition of technological innovation for many Cummins products. * Awards for excellence in corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and business ethics business ethics, the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social . * The revamping of Cummins Code of Business Conduct for employees. * Acknowledgment of the Company's leadership in diversity and its employment of Asians and Asian-Americans. * Recognition as one of the top companies for leaders. * Inclusion in 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 Sustainability Index for the third straight year. The report was prepared following the spirit of guidelines established by the Global Reporting Initiative. The aim of the GRI GRI Graduate, Realtors Institute GRI Global Reporting Initiative GRI Gas Research Institute GRI Gallaudet Research Institute GRI General Rate Increase GRI Geoscience Research Institute (Loma Linda, CA) is to develop a consistent way for companies around the world to voluntarily report on the economic, environmental and social components of their business. 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 Columbus (IPA: [kəˈlʌm.bəs]) is the county seat of Bartholomew County, Indiana. The population was 39,059 at the 2000 census. The current mayor is Fred Armstrong. , (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 $739 million on sales of $13.05 billion in 2007. Press releases can be found on the Web at www.cummins.com. Forward-looking disclosure statement 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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