Chairman & CEO Letter
Sustainability in Action

We believe the energy transition represents a significant opportunity for long-term profitable growth, leading us to add sustainability as a focus area of our enterprise strategy.

To demonstrate the importance of transparent climate-related reporting and disclosure, we will further enhance our reporting in our Sustainability Report released in 2023. This will include our first-ever Task Force on Climate-Related Financial Disclosures (TCFD) report and public disclosure of estimated Scope 3 greenhouse gas emissions.

Enabling Our Customers’ Success

The addition of sustainability as a focus area, together with operational excellence, expanded offerings and services, highlights our work to achieve Caterpillar’s and our customers’ climate-related objectives. Through investments in technology that facilitate fuel transition, operational efficiency and reduced emissions, we are helping our customers reduce their carbon footprint while also meeting their requirements for performance, durability and economic value.

In 2021, a number of projects were announced that will allow Caterpillar to contribute to a reduced-carbon future. You can read about several examples of product innovation in our Sustainability Report.

Our Values in Action

Our ESG commitment extends beyond environmental sustainability. We continue to build a more diverse and inclusive workplace, as outlined in our Diversity & Inclusion Report. We also demonstrate strong corporate citizenship through the Caterpillar Foundation, helping build stronger, more resilient and sustainable communities around the world.

We are building on our legacy of providing products and services that advance sustainable progress and improve standards of living, supporting our customers throughout the energy transition as they build a better, more sustainable world.