Caterpillar Announces New Sustainability Goals

   By Stephen Nakrosis 
 

Caterpillar Inc. on Tuesday introduced new sustainability goals which it hopes to attain by 2030.

Also on Tuesday, the company published its 2020 Sustainability Report.

Caterpillar said its "seven new 2030 sustainability goals will enhance the company's performance and impact and are focused on ESG topics within its own operations, as well as product stewardship in support of its customers' sustainability goals."

Among the new goals, Caterpillar said, it "set a science-based Scope 1 and 2 goal to reduce absolute greenhouse gas emissions from our operations by 30% from 2018 to 2030." Caterpillar also said it will work to reduce its recordable injury frequency by 50% from 2018 to 2030.

Other goals include reducing landfill intensity by 50% from 2018 to 2030, and increasing sales and revenues from remanufacturing offerings by 25% from 2018 to 2030, Caterpillar said.

Jim Umpleby, the company's chairman and chief executive, said, "Caterpillar is well-positioned to continue improving the quality of the environment and communities by helping our customers fulfill society's basic needs such as shelter, clean water, education and reliable energy, in a sustainable way."

"We are demonstrating our commitment to a reduced-carbon future in many ways, including through our significant progress in reducing greenhouse gas emissions from our operations and our continued investment in new products, technologies and services that help customers achieve their climate-related objectives as they build a better, more sustainable world," he added.

--Write to Stephen Nakrosis at [e-mail]

(END) Dow Jones Newswires

May 11, 2021 15:27 ET (19:27 GMT)

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