Cummins recognized for leadership on sustainability and women in business

Cummins receives honors for sustainability and empowering women.
Cummins receives honors for sustainability and empowering women.

Cummins’ approach to sustainability and its efforts to build a more inclusive work environment for women were recognized recently by four different organizations.

The company was named to Barron’s magazine’s list of the 100 Most Sustainable Companies in the United States and to Forbes’ and Just Capital’s Just 100 – Companies Doing Right by America.

Cummins also was named to the 20th annual list of America’s Top Corporations for Women’s Business Enterprises, honoring corporations for their supplier diversity programs. In addition, the company was named to the National Association for Female Executives’ Top 70 Companies for Executive Women, which will be featured in the April/May issue of Working Mother magazine.

“If sustainability once seemed like a hobby for a group of eccentric businesses, it’s now viewed by many corporations as mission-critical,” Barron’s said in releasing its list.

Meanwhile, Subha V. Barry, president of Working Mother Media, said companies on the list of best places for female executives “continue to pave the way for the advancement of women.”

Cummins has long taken a broad approach to sustainability, including not only the environment but also community engagement, safety, diversity and inclusion, innovation, and financial success. Increasing opportunities for women in and out of the company is one of the key goals of Cummins’ diversity and inclusion efforts.

SUSTAINABILITY

The company has been included on Barron’s annual list since it was first released three years ago. The list is produced by Calvert Research & Management, which examines the performance of the 1,000 largest publicly traded companies relative to five key constituencies: shareholders, employees, customers, communities and the planet. Calvert looked at more than 230 performance indicators as part of its 2020 evaluation, ranging from diversity to greenhouse gas emissions. Cummins finished No. 50 on this year’s list.

Forbes and Just Capital combined research and surveys to develop the 3rd annual Just 100. The list looks at how companies perform on the issues the American public says are most important to them. Just Capital looked at 922 of the nation’s largest publicly traded companies, evaluating them on more than 300,000 data points pulled from public reports, company surveys and crowd-sourced queries. 

The partnership also surveyed more than 90,000 Americans. Key public concerns included: worker treatment, customer treatment, community support, environmental impact and leadership behavior. Cummins has made the Just 100 every year, finishing No. 98 on this year’s list.

WOMEN IN BUSINESS

The 2019 Top Corporations for Women’s Business Enterprises list, announced earlier this year, is prepared by the Women's Business Enterprise National Council (WBENC). It honors the organization’s corporate members demonstrating “a sustained commitment to the inclusion of women-owned businesses in their supply chains.” The companies honored by WBENC require supplier diversity language in their procurement requests and mentor women-owned businesses. 

The Top 70 Companies for Executive Women is sponsored by the National Association for Female Executives. It recognizes U.S. companies that “have a strong focus on best practices that move women to senior ranks,” including mentoring, sponsorship, involvement in employee resource groups and leadership development training.

The application for the top 70 includes more than 200 questions on topics such as female representation at all levels, training mangers to help women advance and employee access to programs that promote the advancement of women.

 

Editor's Note: Cummins continues to take actions to protect the health and safety of our employees and communities while serving our customers amid the uncertainty associated with the COVID-19 pandemic.  

 

Cummins India Limited Results for the quarter ended June 30, 2022

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Pune, India: Cummins India Limited (NSE: CUMMINSIND) The Board of Directors of Cummins India Limited (CIL), at their meeting held today, reviewed and approved the financial results for the quarter ended June 30, 2022. 


Performance Highlights (based on standalone financial results) for the quarter ended June 30, 2022:
 

•    Total Sales for the quarter at ₹ 1,657 Cr. increased by 42% compared to the same quarter last year and by 13% compared to the previous quarter.
•    Domestic sales at ₹ 1,172 Cr. increased by 36% compared to the same quarter last year and by 12% compared to the previous quarter.
•    Exports Sales at ₹ 485 Cr. increased by 58% compared to the same quarter last year and by 14% compared to the previous quarter.
•    Profit before exceptional items and tax at ₹278 Cr. is higher by 63% compared to the same quarter last year and higher by 14% compared to the previous quarter.
•    Profit before tax at ₹264 Cr. is lower by 13% compared to the same quarter last year and higher by 8% compared to the previous quarter.
 

Ashwath Ram, Managing Director, Cummins India Limited, said: 
 

The new fiscal year started positively with strong demand from most end markets. GST monthly collections, higher highway construction annual targets, and increased consumption of petroleum products reaffirms the strength of underlying trade activities. Geopolitical risk, high inflation, and supply chain disruptions continue to pose challenges. Cummins India can effectively meet demand despite these issues due to its integrated supply chain management with a global network. While we effectively deal with challenges and closely monitor any potential impact of rising interest rates on the demand, we remain optimistic about the short to medium-term demand outlook. 

Future Outlook:
 

The company believes that the strong demand from various end markets may likely sustain. At the same time, high inflation and supply chain issues will, in all probability, continue to impact the industry. The company, being part of the globally integrated supply chain, is well positioned to manage parts supplies to mitigate the impact on revenue and profitability. We are closely monitoring the result of the geopolitical events unfolding in different parts of the world and their impact on global demand and supply chain. Considering the uncertainty, the company will not provide any guidance for FY 23.
 


About Cummins India Limited 


Cummins India Limited, part of the Cummins Group in India, is headquartered in Pune since 1962 and is the country's leading manufacturer of diesel and natural gas engines for power generation, industrial and automotive markets. Cummins India Limited has a country-wide network of 20 dealerships with over 450 service points that provides products, services, and after-market solutions for uptime of Cummins equipment and engines to customers in India, Nepal, and Bhutan. 
 

About Cummins Group in India:
 

Cummins in India, a power leader, is a group of complementary business units that design, manufacture, distribute, and service engines and related technologies, including fuel systems, air handling, filtration, emission solutions, and electrical power generation systems. Its technology and pioneering initiatives are bringing innovative solutions and dependable services at the best possible value to users across the country. Its high-performance outlook is based on customer focus, integrity, and capability of its people. Part of the $19.8 billion Cummins Inc. USA. Cummins in India is a Group of seven legal entities across 200 locations in the country with a combined turnover of ₹17,900 crores in 2021 and employing over 10,000 individuals. Learn more at cummins.com.

Cummins salutes its star dealers in U.K. and Ireland for their exceptional performance

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Cummins, a global power leader, has bestowed prestigious awards to three of its dealers in the UK and Ireland.

The trio – Vasi Southern Ltd, Universal Components UK Ltd and CSL Power Systems Ltd – were recognised for their outstanding focus on customer satisfaction and for delivering exceptional performance and results.

Relating to the 2021 calendar year, the awards cover a period when the UK and Irish economies were still coming to terms with the disruption caused by the Covid pandemic.

Customers of Cummins, spread across a variety of business sectors, looked to their local dealer to provide the continuity of service that was essential if they were to trade through the toughest of times.

All three Cummins award winners demonstrably went above and beyond what their customers were expecting.

Vasi Southern Ltd is an approved parts and service dealer based in the port city of Southampton. It specialises in marine engines and Onan generator sets. The company won the same award in 2020 and its back-to-back success was down to a commitment to increasing revenue and achieving all of its key performance targets.

Simon Green – Vasi Southern Ltd
Simon Green – Vasi Southern Ltd

Universal Components UK Ltd is an approved parts dealer based in Barnsley, South Yorkshire. In 2021, it achieved the highest sales growth by any dealer within the Cummins UK and Ireland network. Its strategic stockholding meant the business could ride out supply challenges while continuing to target new markets and geographical locations.

Rick Lewis & Stuart Ponsonby – Universal Components
Rick Lewis & Stuart Ponsonby – Universal Components

CSL Power Systems Ltd, based in Kent with additional resource availability nationwide is an approved Power Generation sales and service dealer. The company is a specialist in the installation and maintenance of industrial generator sets, including units for banks and commercial buildings.

Kurt Gozzett & Todd Trent – CSL Power Systems
Kurt Gozzett & Todd Trent – CSL Power Systems

As well as achieving all its key performance targets, CSL Power Systems Ltd demonstrated a clear desire to grow its operations, proactively promoting the Cummins product.

Graham Cook, Cummins’ Dealer Manager for UK and Ireland, praised the award-winning dealers for their commitment, commenting: “Our authorised dealers throughout the UK and Ireland form an integral part of our sales network. Vasi Southern, Universal Components and CSL Power Systems demonstrated their commitment and capabilities through 2021, further strengthening the channel, maximising profitable aftermarket growth, and delivering excellent customer support.

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