Caterpillar: What We’ve Built. Where We’re Headed. What We’re Solving
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Caterpillar Inc. has published its annual year in review and sustainability report, detailing the progress made in 2015 despite challenging economic conditions. Recognizing Caterpillar’s 90-year history as a global leader of sustainable progress, the tandem reports — titled “What We’ve Built. Where We’re Headed.” and “What We’ve Built. What We’re Solving.” — highlight the company’s success managing through a difficult business cycle by focusing on cost management and innovative, durable products that meet customer needs and help solve some of the world’s toughest challenges associated with energy, water, land and climate.
“World population growth will continue to drive increased demand for energy, commodities, infrastructure and transportation — all of which require the power, endurance and sophistication of Cat® equipment. We believe it’s possible to promote progress, balancing economic growth with society’s needs and reducing impact on the environment. With our strategic focus on the long term, and the prudent steps we’re taking now, we are investing in the future and successfully executing today,” said Caterpillar Chairman and CEO, Doug Oberhelman.
The 2015 year in review, “What We’ve Built. Where We’re Headed.” details Caterpillar’s long history supporting economic development and introducing innovative products, services and solutions; it also showcases how the company will continue to create value for its customers, stockholders and the communities it serves. A few of the performance indicators highlighted include:
• Increasing the quarterly dividend by 10 percent in 2015.
• Increasing market share for machines for the fifth year in a row.
• Research and development spending as a percentage of sales is as high as it’s been in more than a decade.
The 2015 sustainability report, “What We’ve Built. What We’re Solving.” highlights the company’s progress in making sustainable progress possible across the enterprise, starting with its people and operations, through its value chain, to its products and customers around the world. Specific sustainable development achievements highlighted include:
• An intensified focus on renewable and alternative energy development and energy access, specifically through microgrid technology, solar panels and energy storage systems.
• Amplifying discussions on the need to restore natural infrastructure, in order to maintain and restore the critical services ecosystems provide including carbon sequestration and natural resources.
• Continued success in building a safety culture, reducing recordable injury frequency by 90.5 percent from the 2003 base year and 17 percent from the last reporting period.
About Caterpillar
For 90 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. Customers turn to Caterpillar to help them develop infrastructure, energy and natural resource assets. With 2015 sales and revenues of $47.011 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company principally operates through its three product segments — Construction Industries, Resource Industries and Energy & Transportation — and also provides financing and related services through its Financial Products segment.
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