Caterpillar Again Named to Dow Jones Sustainability Indices
Caterpillar leads global peers in Innovation Management and other key indicators
PEORIA, Ill., Sept. 12, 2016 -- Caterpillar Inc. (NYSE: CAT) has been named to the 2016 Dow Jones Sustainability Indices (DJSI), including both the World and North American indices. Marking the 17th time Caterpillar has been included in the DJSI, Caterpillar leads its global peers in the Capital Goods sector in the areas of innovation management, risk and crisis management, labor practices and human rights, and corporate citizenship and philanthropy.
Inclusion on the DJSI World indicates Caterpillar's sustainability performance is in the top 10 percent of the industry, with performance expectations increasing annually.
"Caterpillar continues to seize opportunities to make our products and operations more sustainable and efficient," said Doug Oberhelman, Caterpillar Chairman and CEO. "We remain committed to sustainability because we want to help build a better world, and because we know it is essential for profitability in our operations and our customers'."
Among Caterpillar's 2016 sustainability successes, the company led the industry sector in four key indicators including:
- A strong process for innovation, from research to development of new and improved products.
- Implementation of a robust global human rights policy and transparency of labor practices.
- Comprehensive enterprise risk and crisis management policies and practices.
- Integrated management of philanthropic work and strong commitment to community support.
The annual DJSI process follows a best-in-class approach, evaluating numerous corporate economic, environmental and social performance factors, such as innovation management, supply chain management, climate strategy, product stewardship, labor practices and health and safety.
For more on Caterpillar's sustainability progress, read the 2015 Sustainability Report at caterpillar.com/sustainability-report.
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2015 sales and revenues of $47.011 billion, Caterpillar is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments - Construction Industries, Resource Industries and Energy & Transportation - and also provides financing and related services through its Financial Products segment. For more information, visitcaterpillar.com. To connect with us on social media, visit caterpillar.com/social-media.
Certain statements in this press release relate to future events and expectations and are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "estimate," "will be," "will," "would," "expect," "anticipate," "plan," "project," "intend," "could," "should" or other similar words or expressions often identify forward-looking statements. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding our outlook, projections, forecasts or trend descriptions. These statements do not guarantee future performance, and we do not undertake to update our forward-looking statements.
Caterpillar's actual results may differ materially from those described or implied in our forward-looking statements based on a number of factors, including, but not limited to: (i) global and regional economic conditions and economic conditions in the industries we serve; (ii) government monetary or fiscal policies and infrastructure spending; (iii) commodity price changes, component price increases, fluctuations in demand for our products or significant shortages of component products; (iv) disruptions or volatility in global financial markets limiting our sources of liquidity or the liquidity of our customers, dealers and suppliers; (v) political and economic risks, commercial instability and events beyond our control in the countries in which we operate; (vi) failure to maintain our credit ratings and potential resulting increases to our cost of borrowing and adverse effects on our cost of funds, liquidity, competitive position and access to capital markets; (vii) our Financial Products segment's risks associated with the financial services industry; (viii) changes in interest rates or market liquidity conditions; (ix) an increase in delinquencies, repossessions or net losses of Cat Financial's customers; (x) new regulations or changes in financial services regulations; (xi) a failure to realize, or a delay in realizing, all of the anticipated benefits of our acquisitions, joint ventures or divestitures; (xii) international trade policies and their impact on demand for our products and our competitive position; (xiii) our ability to develop, produce and market quality products that meet our customers' needs; (xiv) the impact of the highly competitive environment in which we operate on our sales and pricing; (xv) failure to realize all of the anticipated benefits from initiatives to increase our productivity, efficiency and cash flow and to reduce costs; (xvi) additional restructuring costs or a failure to realize anticipated savings or benefits from past or future cost reduction actions; (xvii) inventory management decisions and sourcing practices of our dealers and our OEM customers; (xviii) compliance with environmental laws and regulations; (xix) alleged or actual violations of trade or anti-corruption laws and regulations; (xx) additional tax expense or exposure; (xxi) currency fluctuations; (xxii) our or Cat Financial's compliance with financial covenants; (xxiii) increased pension plan funding obligations; (xxiv) union disputes or other employee relations issues; (xxv) significant legal proceedings, claims, lawsuits or government investigations; (xxvi) changes in accounting standards; (xxvii) failure or breach of IT security; (xxviii) adverse effects of unexpected events including natural disasters; and (xxix) other factors described in more detail under "Item 1A. Risk Factors" in our Form 10-K filed with the SEC on February 16, 2016 for the year ended December 31, 2015.
CONTACT: Corrie Heck Scott, Global Government & Corporate Affairs, Office: 309-675-0425, Mobile: 808-351-3865, [email protected]