Cummins Selected for Dow Jones Sustainability World Index.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. ) has been recognized for its economic, environmental and social leadership by 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 , which added the Company to its Sustainability World Index for 2005. This index represents the top 10 percent of the world's largest 2,500 companies in these corporate sustainability metrics. The updated index based on Dow Jones' annual review becomes effective with the opening of the equity markets on Sept. 19. Cummins is one of the 44 global companies now included in the World Index's industrial goods industrial goods npl → bienes mpl de producción and services sector and only one of two U.S. companies added to that particular sector this year. In its annual review, the Dow Jones Sustainability Index (DJSI DJSI Dow Jones Sustainability Index ) analyzes companies in three categories - economic, environment and social - each counting for one-third of a company's total score. Issues considered include 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. , codes of conduct, environmental policy and procedures and the scope of their application, environmental management systems, corporate citizenship Corporate Citizenship The extent to which businesses are socially responsible in meeting legal, ethical and economic responsibilities placed on them by shareholders. The aim it to create higher standards of living and quality of life in the community in which it operates, while and philanthropy, labor practices and employee development. "Cummins strives to be a good steward of all its resources - whether it is our environmental resources of facilities and products, the development of our human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , or the use of financial resources to enhance the communities in which we work and live," said Christine Vujovich, Vice President of Environmental Policy and Corporate Marketing. "We are always working for continuous improvement in serving all of our stakeholders, but we are pleased to be considered 'best in class' by Dow Jones along with companies we respect both in the U.S. and internationally." Dow Jones enlists the help of SAM Research in compiling its indices. Invitations to participate in the Index are sent to 2,500 companies worldwide; SAM Research analyzed approximately 1,000 companies through a combination of company-supplied and public information. The selection of index components follows a prescribed rules-based process and analysis is verified by an external auditor The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. SAM Research, the 2005 assessment revealed a number of sustainability developments in the corporate word, including: --Sustainability is continuing its move from corporate strategy and operations into product and service offerings. --Sustainability indicators are increasingly linked to financial results. --Transparency and accountability along the whole supply chain are increasingly visible through policies and control mechanisms. --Corporations widely recognize and acknowledge the importance of employee development for their success. Note: Full details about the design philosophy, review methodology and index components are available at www.sustainability-indexes.com About the Dow Jones Sustainability Index The Dow Jones Sustainability Indexes are a cooperation of Dow Jones Indexes, STOXX Limited and SAM Group. The DJSI World was launched on September 8, 1999 as the world's first equity benchmark to track the financial performance of sustainability leaders on a global scale. In addition, the DJSI STOXX family was launched on October 15, 2001 to provide sustainability benchmarks for European portfolios. 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. With more than 28,000 employees worldwide, Cummins reported sales of $8.4 billion in 2004. Press releases can be found on the Web at www.cummins.com. |
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