Cummins Named to Sustainability World Index
Engine builder Cummins Inc. recently announced that it has been named to the Dow Jones Sustainability World Index for the seventh consecutive year.
According to a news release, the index recognizes the top 10% of the world’s largest public companies for their economic, social and environmental performance. Altogether, 342 companies were named to the 2011 World Index across 57 industry sectors.
Cummins was among just 10 U.S. companies in the broader listing of industrial goods and services to make the World Index and one of two U.S. companies named a sustainability leader in the industrial engineering sector. The company was also named to the North America Index for the fifth consecutive year.
Dow Jones, working with SAM, an investment firm focused exclusively on sustainability-related investing, has developed a “best-in-class” approach to analyzing companies across a wide range of sustainability metrics.
Companies are assessed on their performance in areas such as corporate governance, risk management, climate change strategy, environmental management and eco-efficiency, labor practices, corporate citizenship and philanthropy, employee development and supply chain standards. In addition to a universal set of criteria, companies also were analyzed on issues specific to their industries.
“We worked to create a cleaner and healthier environment, build stronger communities and to create the right work environment where the diversity of our employees fuels the innovation our customers count on,” Chairman and Chief Executive Officer Tim Solso said of 2010-2011 in the company’s most recent Sustainability Report.