New goals centered on climate, environment and safety
May 11, 2021
FOR IMMEDIATE RELEASE
DEERFIELD, Ill. – Caterpillar Inc. (NYSE: CAT) illustrates how it continues to help its customers build a better, more sustainable world in its 2020 Sustainability Report published today. In addition to highlighting the company’s progress through 2020, the report introduces Caterpillar’s new sustainability goals to achieve by 2030.
“Caterpillar is well-positioned to continue improving the quality of the environment and communities by helping our customers fulfill society’s basic needs such as shelter, clean water, education and reliable energy, in a sustainable way,” said Caterpillar Chairman and CEO Jim Umpleby. “We are demonstrating our commitment to a reduced-carbon future 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 that help customers achieve their climate-related objectives as they build a better, more sustainable world.”
Caterpillar’s seven new 2030 sustainability goals will enhance the company’s performance and impact and are focused on ESG topics within its own operations, as well as product stewardship in support of its customers’ sustainability goals. Five are centered on climate and the environment, and two focus on employee and customer safety.
The 2020 Sustainability Report, prepared in alignment with Sustainability Accounting Standards Board (SASB) criteria, underscores how Caterpillar provides value to customers by developing innovative products and services to help them meet their ESG objectives. As we move beyond our 2020 goals, the report highlights progress, including:
In addition, the 2020 Caterpillar Annual Report is also available. It highlights how the company’s enterprise strategy for long-term profitable growth positioned its team to provide the essential products and services that enabled its customers to support a world in need. You can read both reports at https://reports.caterpillar.com/.
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.