2010 Sustainability Report - Cummins.com

Letter from the chairman
Cummins Stakeholder:
Over the past year, Cummins
has continued to focus
its efforts on keeping the
Company strong during
the global recession, which
began late in 2008.
Our work to reduce costs, align manufacturing
capacity with demand and serve customers well
when they need us the most has allowed us to meet
our goals of earning a solid profit and generating the
cash necessary to invest in critical technologies for
the future.
In these challenging economic times, I also am
pleased to say that Cummins has not lost sight of
the importance of delivering on our commitments to
customers, shareholders, employees, government
and the communities in which we operate. In fact,
the stakeholder model first introduced at Cummins
40 years ago by then-Chairman J. Irwin Miller, remains
a critical component to our long-term success.
As we look to a future that offers significant growth
prospects, our ability to create a sustainable global
organization that is responsive to the needs of our
stakeholders has never been more important. Our
response to the complex challenges facing Cummins
today is rooted in the values that define Cummins.
Acting with integrity. Doing our part to improve the
communities where we live and work. Embracing
diversity. Operating with a global vision. Striving to
always exceed the expectations of our customers.
Being first to market with innovative products
and services.
These statements represent Cummins’ core values,
and our 36,000 employees worldwide continue to
demonstrate their commitment to bringing these
words to life every day. Cummins’ seventh annual
Sustainability Report highlights the progress we
have made in the past year around these values.
As in past years, this year’s report contains a
significant emphasis on the Company’s corporate
responsibility work.
Broadly speaking, Cummins operates under the
philosophy that corporate responsibility is not simply
something that is “nice to do,” but is a way of doing
business that contributes directly to the financial health
of our company over the long-term.
Building successful, vibrant communities leads to
stronger markets for our products. Being seen as
a company that cares about all its stakeholders is
essential to our efforts to attract and retain the most
talented workers from around the world, which is
critical to the success of any global company.
In a similar fashion, part of Cummins’ Mission
demands that everything we do leads to a cleaner,
healthier, safer environment.
That commitment drives our work as a worldwide
leader in emissions technology, which provides
Cummins with a significant competitive advantage.
It also is behind ongoing efforts to reduce the
environmental impact of our facilities, strengthen
our voice in the public policy debate around issues
such as climate change and to engage our employees
on ways they can make a difference.
This year’s Sustainability Report also focuses on
the global nature of Cummins’ operations, and the
challenges and opportunities that come with doing
business in 190 countries worldwide.
More than half of Cummins’ employees work outside
the United States, and approximately 60 percent
of the Company’s revenues are generated from
international markets, which offer some of our
strongest future growth prospects.
4 Cummins Inc. Sustainability Report 2010