After achieving significant energy efficiency and greenhouse gas (GHG) reductions over the last five years, Cummins (NYSE: CMI) is now raising the bar on its efforts by becoming a Partner in the Better Buildings, Better Plants Challenge.
President Obama announced the Challenge today. The criteria for being a Challenge Partner in the U.S. Department of Energy’s program include reducing energy use by at least 25 percent per dollar revenue from 2005-2015, committing to complete a larger-scale energy efficiency project, and reporting details on energy use and progress.
Cummins joined the U.S. Environmental Protection Agency’s Climate Leaders Program in 2006 and set the goal of a 25 percent reduction of GHG emissions per dollar revenue from 2005 to 2010. In May 2011, the Company announced that it had exceeded the goal with a 28 percent reduction.
In becoming a Partner in the Better Buildings, Better Plants Challenge, Cummins will be building on this effort as approximately half of that 28 percent GHG reduction came as a result of energy efficiency improvements. The Company’s new 25 percent energy efficiency goal over the 2005 to 2015 timeframe is equivalent to about a 40 percent GHG reduction.“Cummins strongly believes in the business case for energy efficiency,” said Tom Linebarger, Cummins President and Chief Operating Officer. “It is good business, good for our business, and it is the right thing to do. By being a Challenge Partner, Cummins commits to aggressively pursue energy efficiency which will continue to move our work forward. The Challenge also provides a forum to both share our knowledge and learn from fellow Partners that can encourage other companies to pursue energy efficiency actions.” The Company’s wide-ranging energy savings actions have included projects such as high-efficiency lighting upgrades, power management systems, energy efficient motors, pumps and fans, compressed air optimization, heating and cooling equipment upgrades, and energy recovery from engine test cells. Energy efficiency is also incorporated in the Company’s global environmental management system – which is implemented at 69 sites around the world and the key mechanism for driving environmental improvements at Cummins facilities.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV