2010 Sustainability Report - Cummins.com

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Governance lays foundation for business success Highlights Ten ethical principles guide Cummins. Ethics investigators ensure principles are upheld. International technical talent added to Cummins Board of Directors. 1 We will follow the law everywhere. 2 We will embrace diverse perspectives and backgrounds and treat all people with dignity and respect. 3 We will compete fairly and honestly. Cummins believes strongly that business success starts with good governance. Good governance, in turn, is built on polices and procedures that promote ethical behavior by Company leaders and employees and responsiveness to all stakeholders – shareholders, employees, suppliers, customers, communities, regulators and broader society. Cummins is guided by the Company’s Code of Conduct and 10 Statements of Ethical Principles. These principles guide a host of initiatives designed to help Cummins navigate the complexities of the global marketplace. Cummins’ 10 Ethical Principles are: 4 We will avoid conflicts of interest. 5 We will demand that everything we do leads to a cleaner, healthier and safer environment. 6 We will protect our technology, our information and our intellectual property. 7 We will demand that our financial records and processes are accurate and that our reporting processes are clear and understandable. 8 We will strive to improve our communities. 9 We will communicate with honesty and integrity. 10 We will create a culture where all employees take responsibility for ethical behavior. 50 Cummins Inc. Sustainability Report 2010
Indiana Gov. Mitch Daniels (left) and Cummins’ top official in China, Steve Chapman (right), examine a hybrid transit bus powered by a Cummins Euro IV ISB engine in Hangzhou, China, the provincial capital of Indiana’s sister province Zhejiang. The governor led a delegation from Indiana on a six-day visit to China in the fall of 2009. On-line training A key way Cummins puts these principles into action is through 10 on-line compliance training programs targeting appropriate employee groups. The training includes: Cummins Code of Business Conduct The Treatment of Each Other at Work policy Export Controls Anti-bribery/Foreign Corrupt Practices Act Antitrust European Union Competition Careful Communication Intellectual Property Managing within the Law Lobbying and Political Action Compliance training (2009) Course Enrolled Completion rate Code of Conduct 16,219 97% Treatment of Each Other 16,188 98% Anti-bribery 11,394 92% Export Controls 10,930 85% Antitrust 3,608 99% EU Competition 1,139 99% Careful Communication 12,395 98% Intellectual Property 3,176 98% Lobbying and Political Action 331 100% Managing with the Law 223 91% Corporate Governance 51
Page 1 and 2: Cummins Inc. Sustainability Report
Page 3 and 4: Who we are Vision Making people’s
Page 5 and 6: Table of contents This year’s Sus
Page 7 and 8: To address the global challenges we
Page 9 and 10: Environment 9,000 tons of CO 2 emis
Page 11 and 12: The Cummins Operating System The Cu
Page 13 and 14: Clessie Cummins was known for his b
Page 15 and 16: Social issues, diversity and people
Page 17 and 18: The university’s emphasis on educ
Page 19 and 20: Cummins is a major participant in t
Page 21 and 22: Chairman and CEO Tim Solso (fourth
Page 23 and 24: Challenges ahead: The environment I
Page 25 and 26: Global on-highway standards 4.5 4.0
Page 27 and 28: Remanufacturing Cummins products Re
Page 29 and 30: Non-road useful life emissions tota
Page 31 and 32: ReCon plant opens in India Cummins
Page 33 and 34: Partnering with others Our own prod
Page 35 and 36: Environmental objectives and target
Page 37 and 38: 25% Percent change in revenue Since
Page 39 and 40: Cummins and climate change Here are
Page 41 and 42: Cummins accepted into U.K. Carbon T
Page 43 and 44: In December 2009, Cummins became a
Page 45 and 46: Combined heat and power 45% 85% ene
Page 47 and 48: India campus wins Chairman’s Awar
Page 49 and 50: Inside a classroom at Cummins Colle
Page 51: Partnering with Purdue, Rose Hulman
Page 55 and 56: Challenges ahead: Governance and Ri
Page 57 and 58: Robert J. Bernhard Vice President f
Page 59 and 60: Dr. Franklin Chang-Diaz Title: Chai
Page 61 and 62: Cummins started an Internet-based c
Page 63 and 64: Flu outbreak puts pandemic plan int
Page 65 and 66: Cummins has been working with Ithem
Page 67 and 68: Employees from the Dongfeng Cummins
Page 69 and 70: Challenges ahead: Corporate respons
Page 71 and 72: Audit Committee Chairman Marsha Hu
Page 73 and 74: A generator set operating on vegeta
Page 75 and 76: Lokesh Agrawal, Customer Interface
Page 77 and 78: Cummins employees regularly visit P
Page 79 and 80: Other Environmental Challenge grant
Page 81 and 82: GRANTEE ORGANIZATION COMMUNITY GRAN
Page 83 and 84: GRANTEE ORGANIZATION COMMUNITY GRAN
Page 85 and 86: Mary Kate (left), can only move her
Page 87 and 88: The Cummins Power Generation Plant
Page 89 and 90: “Satisfaction has increased withi
Page 91 and 92: Create a workplace population with
Page 93 and 94: Cummins’ definition of diversity
Page 95 and 96: Taking diversity to the next level
Page 97 and 98: Council plays key role The Diversit
Page 99 and 100: Smaller diverse suppliers can play
Page 101 and 102: Cummins workforce Here’s a quick
Page 103 and 104:
President and COO Tom Linebarger sp
Page 105 and 106:
The investment is paying off. Becau
Page 107 and 108:
Pat Ward, Vice President - Chief Fi
Page 109 and 110:
Six Sigma delivers for Cummins Ten
Page 111 and 112:
Our new strategic principle Cummins
Page 113 and 114:
Components Sales: $2.4 billion EBIT
Page 115 and 116:
Production Notes Design and writing
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