A Letter from Our Chairman & CEO
The world’s demand for infrastructure, energy and critical minerals is accelerating, and our customers are at the center of meeting it. That is a tremendous opportunity for Caterpillar, but it is also a tremendous responsibility. The work our customers do must be done safely, efficiently and sustainably.
Our job is to make sure they can. At Caterpillar, our mission is solving our customers’ toughest challenges. Our purpose is building a better, more sustainable world. Those are not separate ideas — they reinforce each other. The customers we serve face real and growing pressure to reduce emissions, improve energy efficiency, meet regulatory requirements and deliver results their communities can be proud of. Sustainability at Caterpillar starts with helping them do exactly that.
Meeting customers where they are
We know that sustainability progress must be practical, flexible and achievable. Requirements vary by industry, geography and operation, and so must our solutions. By partnering closely with customers, we design durable, reliable products and solutions built to be rebuilt or remanufactured, helping ensure resources are used effectively over time. We are investing in next-generation powertrain solutions — including more efficient diesel, diesel-electric, battery electric, hybrid and alternative fuel systems — so customers can choose the right path for their operations and goals. We are making measurable progress toward our 2030 sustainability goals. Compared to our 2018 baseline, we have reduced absolute greenhouse gas emissions from our operations by 34% and increased remanufactured sales and revenues by 41%.
Investing in people
Every improvement in how we work starts with our people. As part of our refreshed enterprise strategy, we elevated Safety as one of Our Values in Action, reflecting our belief that a safety-driven culture is foundational to everything we do. In 2025, we announced a $100 million pledge over five years to help equip the workforce of the future with the skills needed for tomorrow’s manufacturing and industrial jobs. And the Caterpillar Foundation reached a historic milestone, surpassing $1 billion in global giving since its inception in 1952.
Built to last
Our refreshed enterprise strategy — organized around Commercial Excellence, Advanced Technology Leader and Transform How We Work — is built on a foundation of Operational Excellence and guided by Our Values in Action: Safety, Integrity, Teamwork, Excellence and Commitment. Sustainability is core to how we execute the strategy, serve our customers and build a company that will be essential for the next 100 years, just as it has been for the first. Throughout this report, you will see how sustainability is embedded across our governance, our operations and our culture.
Joseph E. Creed
Chairman & CEO
