Climate & Energy Statement
Our Commitment
Caterpillar shares the concerns of governments and the public about the risks of climate change and supports global efforts to mitigate its impact.
We have a legacy of providing products and services that continually improve the quality of the environment and communities by fulfilling society’s basic needs such as shelter, clean water, education and reliable energy – in a sustainable way.
Caterpillar is committed to contributing to a reduced-carbon future. We demonstrate this in many ways including through our significant progress in reducing greenhouse gas (GHG) emissions from our operations and our continued investment in new products, technologies and services to help our customers achieve their climate-related objectives as they build a better, more sustainable world.
Our Performance and Progress
One of the ways we demonstrate our commitment is by establishing and reporting progress on ambitious environmental, social and governance (ESG) goals.
We established our first sustainability goals in 2006, setting targets to be achieved by 2020 related to our operations and product stewardship. In 2013, we revised our strategy and refreshed our goals, adding several new targets.
We have significantly reduced Caterpillar’s GHG emissions since 2006 and committed to new GHG emissions reduction targets through the year 2030.
We will continue to be transparent about our progress and innovations, as reflected in our Sustainability Report.
Our Customers’ Climate Journey
We are helping our customers achieve their climate-related goals by providing products that facilitate fuel transition, increased operational efficiency and reduced emissions. Our innovations include a battery-powered, zero-emissions switcher locomotive and underground loader, as well as reciprocating engines and gas turbines that burn hydrogen blends, landfill gas and other biogases. We are also developing a variety of alternative power solutions to support a lower carbon future, including battery-powered construction machines.
Our remanufacturing and rebuild options deliver multiple sustainability benefits, returning components at the end of their initial serviceable lives to same-as-when-new condition, thereby reducing waste and minimizing the need for raw material, energy and water to produce new parts. Our new Caterpillar Remanufacturing Division is accelerating our work with Cat dealers to expand our range of repair, rebuild and remanufacturing services for Cat products.
Our Focus on Building Sustainable Communities
The Caterpillar Foundation, the philanthropic arm of Caterpillar Inc., is focused on building resilient communities that can thrive in a rapidly changing world. The Foundation also responds to natural disasters and builds basic infrastructure services, like water and energy, to help communities grow stronger and become more sustainable.
Click below to learn more about the Foundation’s investments in sustainable infrastructure.
Board Oversight
Management regularly reports to the Public Policy & Governance Committee of Caterpillar’s Board of Directors regarding sustainability and climate strategies, priorities, goals and performance. The Committee regularly evaluates ESG issues and the perspectives of investors, customers, employees and other stakeholders.
