Business Editors
COLUMBUS, Ind.--(BUSINESS WIRE)--March 31, 2003
Today Cummins Inc. (NYSE:CUM) acknowledged selection by Business Ethics magazine as the second "Most Responsible Corporate Citizen" out of the top 1000 companies in America. This marks the fourth year
"Corporate responsibility has always been a part of the Cummins heritage and always will be," said Tim Solso, Cummins Chairman and CEO. "Our employees truly believe in helping out the comminutes where they live and work."
Cummins is honored to be a part of this exclusive group, which includes some of the best public companies in America. The Company's mission is to make lives better by unleashing the power of its employees. Cummins has always been committed to being a responsible corporate citizen in all the communities we operate, as well as all the communities that our products operate in throughout the world.
The rankings are based on a study conducted by KLD Research & Analytics, an independent Boston-based social research firm, for Business Ethics. KLD collects and synthesizes a broad array of data over a one-year time period on the largest 1000 publicly traded companies. Judging is statistically analyzed from these compilations based on standardized measures reflecting quality of service to seven stakeholder groups: stockholders, community, minorities and women, employees, environment, non-U.S. stakeholders and customers.
Cummins scored well in several categories. According to Business Ethics, "the two areas of particular excellence are service to the community and to non-U.S. stakeholders."
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Headquartered in Columbus, Indiana, (USA) Cummins serves its customers through more than 500 company-owned and independent distributor locations in 131 countries and territories. With 23,700 employees worldwide, Cummins reported sales of $5.9 billion in 2002. Press releases by fax can be requested by calling News On Demand (toll free) at 888-329-2305. The Cummins home page can be found at www.cummins.com.