Cummins Inc. has been ranked among the world’s best environmentally conscious companies in Newsweek’s 2014 Green Rankings.
The Columbus-based company ranked 52nd among the 500 largest public companies in the United States and 86th among the world’s largest public companies in the magazine’s report.
Cummins Chairman and CEO Tom Linebarger said the recognition underscores the engine maker’s commitment to demand that everything it does leads to a cleaner, healthier and safer environment.
“We believe our focus on the environment allows us to deliver economic value to our stakeholders while making a positive impact on communities around the world,” Linebarger said in a statement. “Providing efficient and clean power is a win for our company, a win for our customers and a win for the environment.”
Corporate Knights, the Toronto-based company that conducted the evaluation, based the rankings on eight indicators: energy, greenhouse gases, water, waste, fines and penalties, linking executive pay to sustainability targets, oversight of environmental issues and third-party audits.
Companies are scored in the Newsweek rankings according to how they perform relative to their industry group peers. This provides an opportunity for companies in every industry to score high or low based on their sustainability efforts. The rankings do not take into account the impact of a company’s products or services and only a minor portion of the scoring evaluates its supply chain.
The study used data that corresponds to the company’s performance in 2012.
In early May, Linebarger unveiled Cummins’ latest environmental sustainability strategy in a presentation at Purdue University. The plan includes a special focus on water, waste, energy and greenhouse gases, which are among the indicators evaluated in the study.
Jon Mills, Cummins director for external communications, said as the company continues to broaden its commitment to the environment, the recognition of its efforts will grow as well.
“We are committed throughout the company at every level, and it exemplifies the work we do,” Mills said. “We are going to continue to make improvements, achieve our goals and set new ones.”
A total of 809 companies were evaluated to compile Newsweek’s U.S. and world rankings.