Executive Summary

Chief Sustainability Officer Message

Building a better, more sustainable world

It has been my privilege to spend the last two decades collaborating with Caterpillar teams to advance and expand products, services and solutions for our customers. We continue to further our commitment to sustainability, a journey that has included making it one of Our Values in Action as part of our Code of Conduct and formalizing it as a key area of focus in our enterprise strategy. In 2023, I was honored to become Caterpillar’s Chief Sustainability Officer, along with my position as senior vice president of Caterpillar’s Large Power Systems Division. This is an exciting time to step into the role as we continue to support our customers on their sustainability journey.

Innovation and integration are two of the things we do best at Caterpillar. We are leveraging these strengths to provide innovative products, technologies and services that help our customers meet their climate-related objectives. Additionally, we are supporting our customers throughout the energy transition as they build a better, more sustainable world.

In support of our long-standing commitment to sustainability, we continuously strive for increased transparency. This year, we will begin disclosing our Scope 3 use of sold products emissions. We have also aligned with the TCFD framework as another step in identifying, analyzing and managing our climate-related opportunities and risks. This complements the robust risk management strategy we have in place and supports the strategic choices we are making today to create profitable growth for tomorrow.

Supporting a lower-carbon future, returning people home safely, demonstrating Our Values in Action and reporting for increased transparency are the key topics highlighted in our 2022 Sustainability Report. I invite you to read about the actions we are taking to continue to build on our legacy of providing products and services that advance sustainable progress and improve standards of living.