Cummins Releases Sixth Annual Sustainability Report.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 released its sixth annual Sustainability Report on the Company web site, www.cummins.com. The report details Cummins' environmental and corporate responsibility efforts, in addition to providing an overview of the Company's business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets and recent financial results. Highlights of this year's report include * An explanation of the Company's recently released Climate Change Principles, created to detail Cummins' position on this important environmental issue. * An expanded Corporate Responsibility section, which includes a summary of the Company's new "business case" for corporate responsibility. * Financial highlights from Cummins' record year in 2008. * Historical data and trends regarding the environmental impact of the Company's facilities and products worldwide. * Information on Cummins' 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. , safety and diversity efforts. In addition to the full report, links to selected excerpts from this year's Sustainability Report are available as part of the new Sustainability Report page on the Cummins web site. A limited number of bound copies of the report are expected to be available in mid-August. The report was prepared following the spirit of guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. 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 approximately 190 countries and territories through a network of more than 500 company-owned and independent distributor locations and approximately 5,200 dealer locations. Cummins reported net income of $755 million on sales of $14.3 billion in 2008. 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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