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Tuesday

06/22

Cummins - CMI - Destination Zero Progress Report

Inside this issue

Cummins Aligns Investments to Sustainability Goals

Cummins Inc. aims to reach its sustainability goals with a record of actions. Creating an effective decarbonization plan for a net-zero transition is not easy.

When the United States announced targets to halve greenhouse gas (GHG) emissions by 2030 and reach net-zero emissions by 2050, some 400 large US-based companies also committed to net-zero targets of their own, many of which have set ambitious emissions reductions targets for 2030 or sooner.

cummins net-zero goals

Cummins's goals cover three major priorities:
1. Addressing climate change and air emissions
2. Using natural resources sustainably
3. Partnering so that our communities are better because we are there

Cummins, a motor vehicle manufacturing firm that specializes in diesel and alternative fuel engines and generators, and related components and technology is entailing a comprehensive and rapid effort to decarbonize the economy.

Just last week, Cummins acquired Siemens Commercial Vehicle business for $197 million to boost the company's electric powertrains capabilities to follow-on from the $3.7 billion acquisition of Meritor.

From Diesel to Destination Zero

The company is making great progress on their Destination Zero target through hydrogen, electrification, electrolyzers, RNG demonstrations, dual-fuel engines, battery systems, and other initiatives.

The company is aiming to achieve its net zero goal by 2030, which includes:

  • Reduce absolute greenhouse gas (GHG) emissions from facilities and operations by 50%.
  • Reduce scope 3 absolute lifetime GHG emissions from newly sold products by 25%.
  • Partner with customers to reduce scope 3 GHG emissions from products in the field by 55 million metric tons.
  • Reduce volatile organic compound emissions from paint and coating operations by 50%.
  • Create a circular lifecycle plan for every part to use less, use better, and use again.
  • Generate 25% less waste in facilities and operations as a percent of revenue.
  • Reuse or responsibly recycle 100% of packaging plastics and eliminate single-use plastics in dining facilities, employee amenities, and events.
  • Reduce absolute water consumption in facilities and operations by 30%.

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Check out Cummins in the Industrial Net-zero Database to learn about the company, sustainability targets, facilities, and recent announcements.

Inside this Issue

⚡️ ProPetro’s First Electric Frac Fleet Contracted Under a Multi-Year Agreement With Leading Permian Operator
⚙️ Regal Rexnord Corporation Announces Publication Of 2022 Sustainability Report
❇️ Raven SR Receives €1.7 Million Grant from European Commission to Support Waste-to-Hydrogen Production Facility in Spain
🌡 Equinix to "Adjust the Thermostat" to Optimize Data Center Energy Use

Articles in this issue

ProPetro’s First Electric Frac Fleet Contracted Under a Multi-Year Agreement With Leading Permian Operator

decarbonfuse.com
ProPetro Holding Corp. ("ProPetro" or the “Company") (NYSE: PUMP) today announced it has executed a contract with a leading independent P...

Regal Rexnord Corporation Announces Publication Of 2022 Sustainability Report

decarbonfuse.com
Regal Rexnord Corporation (NYSE: RRX) today published its 2022 Sustainability Report. The report reaffirms the company's strategic commit...

Raven SR Receives €1.7 Million Grant from European Commission to Support Waste-to-Hydrogen Production Facility in Spain

decarbonfuse.com
Raven SR Inc. (Raven SR), a renewable fuels company, announced today it has been awarded a €1.7 million (USD$1.75 million) grant from the...

Equinix to "Adjust the Thermostat" to Optimize Data Center Energy Use

decarbonfuse.com
Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, today announced its commitment to reducing its overall power u...

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