DEERFIELD, Ill., Nov. 18, 2021 /PRNewswire/ -- Caterpillar
Inc. (NYSE: CAT) has been named to the 2021 Dow Jones
Sustainability Indices (DJSI), including the World and North America indices. This marks the
22nd time Caterpillar has been included in the DJSI.
The annual DJSI process evaluates numerous corporate economic,
environmental and social performance factors. Some of Caterpillar's
sustainability successes are:
- Continuing integration of sustainability into the enterprise
strategy by establishing 2030 sustainability goals, tying a portion
of executive compensation to environmental, social and governance
(ESG) and creating a new leadership position of Chief
Sustainability & Strategy Officer.
- Working alongside customers to understand their needs and
investing in innovative products that facilitate fuel transition,
increased operational efficiency and reduced emissions to help
customers achieve their goals.
- Enhanced ESG-related disclosures, including a commitment to
utilizing the Task Force on Climate-related Financial Disclosures
(TCFD) framework for sustainability reporting starting in
2023.
- Providing a positive work environment to strengthen a safety
culture and support the health and wellbeing of a global
workforce with unique talents, skills, abilities, backgrounds and
experiences.
- Focusing on corporate citizenship and philanthropy to help
build resilient communities around the world through
the Caterpillar Foundation's investments in workforce
development and sustainable infrastructure.
"Sustainability is one of our core values and an important
element of our enterprise strategy for long-term profitable
growth," said Caterpillar Chairman and CEO Jim Umpleby. "We demonstrate our commitment to
sustainability in many ways, including through our significant
progress in reducing greenhouse gas emissions from our operations
and our continued investment in new products, technologies and
services to help our customers achieve their climate-related
goals."
For more on Caterpillar's sustainability progress and how the
company is helping build a better world, read the 2020
Sustainability Report:
www.caterpillar.com/en/company/sustainability.html.
About Caterpillar
With 2020 sales and revenues of
$41.7 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, diesel and natural gas engines, industrial gas turbines,
and diesel-electric locomotives. Since 1925, we've been driving
sustainable progress and helping customers build a better world
through innovative products and services. Throughout the product
life cycle, we offer services built on cutting-edge technology and
decades of product expertise. These products and services, backed
by our global dealer network, provide exceptional value to help our
customers succeed. We do business on every continent, principally
operating through three primary segments – Construction Industries,
Resource Industries, and Energy & Transportation – and
providing financing and related services through our Financial
Products segment. Visit us at caterpillar.com or join the
conversation on our social media channels at
caterpillar.com/social-media.
Forward-Looking Statements
Certain statements in this press release relate to future events
and expectations and are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "believe," "estimate," "will be," "will," "would,"
"expect," "anticipate," "plan," "forecast," "target," "guide,"
"project," "intend," "could," "should" or other similar words or
expressions often identify forward-looking statements. All
statements other than statements of historical fact are
forward-looking statements, including, without limitation,
statements regarding our outlook, projections, forecasts or trend
descriptions. These statements do not guarantee future performance
and speak only as of the date they are made, and we do not
undertake to update our forward-looking statements. Caterpillar's
actual results may differ materially from those described or
implied in our forward-looking statements based on a number of
factors, including, but not limited to: (i) global and regional
economic conditions and economic conditions in the industries we
serve; (ii) commodity price changes, material price increases,
fluctuations in demand for our products or significant shortages of
material; (iii) government monetary or fiscal policies; (iv)
political and economic risks, commercial instability and events
beyond our control in the countries in which we operate; (v)
international trade policies and their impact on demand for our
products and our competitive position, including the imposition of
new tariffs or changes in existing tariff rates; (vi) our ability
to develop, produce and market quality products that meet our
customers' needs; (vii) the impact of the highly competitive
environment in which we operate on our sales and pricing; (viii)
information technology security threats and computer crime; (ix)
inventory management decisions and sourcing practices of our
dealers and our OEM customers; (x) a failure to realize, or a delay
in realizing, all of the anticipated benefits of our acquisitions,
joint ventures or divestitures; (xi) union disputes or other
employee relations issues; (xii) adverse effects of unexpected
events; (xiii) disruptions or volatility in global financial
markets limiting our sources of liquidity or the liquidity of our
customers, dealers and suppliers; (xiv) failure to maintain our
credit ratings and potential resulting increases to our cost of
borrowing and adverse effects on our cost of funds, liquidity,
competitive position and access to capital markets; (xv) our
Financial Products segment's risks associated with the financial
services industry; (xvi) changes in interest rates or market
liquidity conditions; (xvii) an increase in delinquencies,
repossessions or net losses of Cat Financial's customers; (xviii)
currency fluctuations; (xix) our or Cat Financial's compliance with
financial and other restrictive covenants in debt agreements; (xx)
increased pension plan funding obligations; (xxi) alleged or actual
violations of trade or anti-corruption laws and regulations; (xxii)
additional tax expense or exposure, including the impact of U.S.
tax reform; (xxiii) significant legal proceedings, claims, lawsuits
or government investigations; (xxiv) new regulations or changes in
financial services regulations; (xxv) compliance with environmental
laws and regulations; (xxvi) the duration and geographic spread of,
business disruptions caused by, and the overall global economic
impact of, the COVID-19 pandemic; and (xxvii) other factors
described in more detail in Caterpillar's Forms 10-Q, 10-K and
other filings with the Securities and Exchange Commission.
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SOURCE Caterpillar Inc.