Caterpillar Releases Its 2020 Sustainability Report
New Goals Centered on Climate, Environment, and Safety
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Caterpillar Inc. illustrates how it continues to help its customers build a better, more sustainable world in its 2020 Sustainability Report. In addition to highlighting the company’s progress through 2020, the report introduces Caterpillar’s new sustainability goals to achieve by 2030.
“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,” said Caterpillar Chairman and CEO Jim Umpleby.
“We are demonstrating our commitment to a reduced-carbon future in many ways, including through our significant progress in reducing greenhouse gas (GHG) 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,” added Umpleby.
Caterpillar’s 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. Five are centered on climate and the environment, and two focus on employee and customer safety.
• Employee Health & Safety
They aspire to prevent all injuries and further their industry-leading safety results by reducing recordable injury frequency (RIF) by 50 percent from 2018 to 2030.
• Operations Energy & Emissions
They have set a science-based Scope 1 and 2 goal to reduce absolute greenhouse gas emissions from operations by 30 percent from 2018 to 2030.
• Operations Water
Implement water management strategies at 100 percent of facilities located in water high-risk areas by 2030.
• Operations Waste
Reduce landfill intensity by 50 percent from 2018 to 2030.
• Product Emissions & Energy Efficiency
100% of Caterpillar’s new products through 2030 will be more sustainable than the previous generation through collaborating with customers, reduced waste, improved design for rebuild/remanufacturing, lower emissions or improved efficiency.
• Remanufacturing
Increase sales and revenues from remanufacturing offerings by 25 percent from 2018 to 2030.
• Customer Safety
Provide leadership in the safety of people who work in, on and around its products.
The 2020 Sustainability Report, prepared in alignment with Sustainability Accounting Standards Board (SASB) criteria, underscores how Caterpillar provides value to customers by developing innovative products and services to help them meet their ESG objectives.
As they move beyond their 2020 goals, the report highlights progress, including:
• 93 percent reduction in recordable injury frequency (RIF) since 2003, including delivering the best recordable
injury frequency safety performance on record two years in a row (2019 and 2020) while providing essential
products and services
• 51 percent reduction in absolute greenhouse gas emissions from 2006 baseline
• 43 percent reduction in absolute water consumption from 2006 baseline
• 33 percent of annual aggregate electrical energy needs sourced with alternative and renewable sources
About Caterpillar
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. Since 1925, they have been driving sustainable progress and helping customers build a better world through innovative products and services. Throughout the product life cycle, they offer services built on cutting-edge technology and decades of product expertise. These products and services, backed by their global dealer network, provide exceptional value to help customers succeed. Caterpillar does business on every continent, principally operating through three primary segments – construction industries, resource industries, and energy & transportation – and providing financing and related services through its financial products segment.
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