The strategy, called PLANET 2050, is focused on three priority areas: addressing climate change and air emissions, using natural resources in the most sustainable way, and improving communities
November 26, 2019. By News Bureau
Cummins Inc. has announced its next environmental sustainability strategy, which includes science-based goals that meet or exceed the goals in the United Nations Paris agreement on climate change. By 2050, Cummins is targeting net-zero carbon emissions
“Our communities and our business depend on our collective response to improve the health of the planet while creating prosperity for all,” said Tom Linebarger, Cummins Inc. Chairman and CEO. “It’s clear that government, businesses, nongovernmental organizations, and communities must unite behind swift, decisive action to address the environmental threats we face.”
The strategy, called PLANET 2050, is focused on three priority areas: addressing climate change and air emissions, using natural resources in the most sustainable way, and improving communities. It includes eight specific goals, timed to 2030, as well as aspirational targets for 2050 and is the most comprehensive and ambitious environmental sustainability strategy ever pursued by the company.
Below are Cummins’ new, specific 2030 goals related to its parts, products, and company-managed facilities and operations:
Doing our part to address climate change and air emissions
Using natural resources in the most sustainable way
Cummins will make investments to achieve the goals, which will require new technology and capabilities. The company has a history of developing challenging goals and then finding ways to achieve them. Cummins reports results transparently even when falling short of goals. As Cummins has done with past environmental goals, the progress on 2030 goals will be periodically evaluated and communicated including consideration of whether more can or should be done in line with global energy and environmental challenges.
“Our vision for 2050 is a world where Cummins powers the world’s really important work with carbon neutral products and operations,” said Brian Mormino, Executive Director Worldwide Environmental Strategy and Compliance. “Since our communities and business depend on a healthier planet, we will take strong action on climate change and work toward a future where we waste nothing and ensure that our communities are better because we are there.”
In 2020, Cummins will launch a strategic community environmental program to align its efforts and affirm its commitment to the environment as one of the company’s three community priority areas. Also, as part of its focus on communities and natural resources, Cummins joined the CEO Water Mandate, which is focused on addressing global water challenges through corporate water stewardship, in partnership with the United Nations, governments, civil society organizations, and other stakeholders
Cummins will continue to work in partnership with others to advocate for tough, clear and enforceable regulations across the globe to address air emissions and for science-based climate policies. Earlier this year, Cummins’ executives testified before two U.S. Congressional committees, advocating that legislation should include national-level emissions targets for product-specific applications, regulatory certainty and realistic implementation schedules. They also supported robust federal investment in research and development, grant programs for adoption of new technologies, and tax incentives.
“We recognize that achieving our strategy requires Cummins to invest in new technologies along with the development, implementation and enforcement by governments of clear regulations that drive down economy-wide air and greenhouse gas emissions,” Mormino said. “We will continue to work with trade associations, our customers, suppliers, community leaders, and other stakeholders to advocate for policies in line with our 2050 targets.”
A team of experts created Cummins’ plan after consulting the United Nations Sustainable Development Goals, analyzing best practices globally, considering the unique needs of the company’s stakeholders, and undertaking significant internal review. In 2017, Cummins formally committed to developing science-based targets under the Science Based Target Initiative, which provides a framework for the calculation of greenhouse gas goals for products and facilities that are in line with recommendations by climate scientists.
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