For over 25 years, the Cisco Foundation has been on a mission to shape the future through a deeply held commitment to the greater good.

A mission to create a healthy planet. Thriving communities. A world in which everyone can reach their full potential.

Our mission has never been more important. And the Cisco Foundation continues to expand the ways we fulfill it – bringing the best of Cisco’s technology, resources, and expertise to develop innovative solutions for the critical challenges facing our people, planet, and society.

Introducing the Cisco Foundation’s FY24 Impact Report 

After surpassing our ten-year One Billion Lives goal in FY23, we felt inspired to share lessons learned, celebrate the transformative work of our partners, and actively communicate our approach.

In the Cisco Foundation’s FY24 Impact Report, we aim to do just that. We dive deeper into our investment model, our partnership approach, how we define and measure impact, and highlights of the results we achieved over the past year.

Through our partnerships, more than 170 million people were positively impacted in more than 100 countries, in every region of the world. Beyond the number of people reached, the depth and sustained impact of our investments is clear.

Forty percent of the solutions we have invested in today are reaching more than 1 million people per year—advancing successfully from idea to scaleNinety-seven percent of our partners have secured new funding which they directly attribute to Cisco’s support—evidencing the catalytic nature of our investmentsFifty-six percent of our partners operate on less than $5 million annual operating budget—proving that small organizations can have an outsize impactEighty-one percent of our partners have more than 75 percent of their staff based in the country their programs operate—showing the importance of a proximate, client-centric, and community-focused approach

Our commitment to driving impact beyond philanthropy

Within the report, we’ve also featured stories of the impact our non-profit partners are having in communities in every region of the world. Each of these stories shines a light on how our unique approach drives extraordinary impact.

The Foundation’s cash grants to our nonprofit partners are just the beginning of what we contribute. The powerful combination of Cisco’s in-kind technology donations and the expertise and engagement of our Social Impact and Innovation teams and leaders and employees across our global company is what helps our partners build solutions that generate exponential impact.

We also continue to innovate – in FY21 introducing a $100M commitment to Climate Regeneration, which provides grant funding to non-profits as well as investments in climate companies and funds. We have completed the third year of this commitment, which is already delivering impact.

For Cisco, what we contribute is beyond philanthropy – it is integral to who we are and how we choose to impact the world around us.

We believe that continuing to share our journey will help our customers, our partners, our suppliers, and organizations of any type and size start to leverage their own unique strengths to move beyond philanthropic giving and begin to change the world for the better in new and fulfilling ways.

Together, we can usher in a new era of impact, developing solutions to the greatest challenges facing people, planet, and society with the power to change billions of lives.

Moving forward – our next big ambition

Since announcing our One Billion Lives achievement, we’ve been hard at work turning what we now envision as possible into our next big ambition.

Backed by our company’s laser focus on our purpose to power an inclusive future for all, we’ve decided our path forward will feature innovative solutions to deepen our impact to specific underserved communities across the globe.

Our upcoming Cisco Purpose Report will feature a glimpse of our new aspiration – and give you a preview of the exciting solutions and partnerships that will focus on what matters most in these communities and drive generational impact.

View original content here.

LITTLE ROCK, Ark., November 14, 2024 /3BL/ – The 20th annual The Power to Care Charity Golf Classic sponsored by Entergy Arkansas held recently raised more than $126,000 to help older and disabled customers pay their electric bills. Organizers said the event at The Country Club of Arkansas set records in more ways than one.

“Our hard-working committee of Entergy Arkansas employees set out to double last year’s $60,000 in sponsorship pledges for the 2024 golf tournament,” said Brandi Hinkle, with Entergy Arkansas corporate social responsibility. “In the end, we met that goal and then some. We also had a full field of 38 teams play, representing vendors and partners – and many new players – from across several states.”

The Power to Care program provides utility payment assistance to qualifying elderly and disabled Arkansans experiencing an immediate financial hardship. Many of those most vulnerable customers are faced with unthinkable choices, such as trying to choose between paying for much-needed medications or paying for utility expenses.

Diamond Sponsor Doggett Freightliner of North Little Rock donated $10,000 to the cause, and Platinum Sponsors Midwest Transformers of Kansas and A-Line TDS of Oklahoma gave $7,500. In total, more than 40 vendors pledged $124,000 and an additional $2,866 was raised from cash donations during the day-long tournament for a sum of $126,826.

Those funds will be matched one-to-one by Entergy shareholders to total more than a quarter million dollars in assistance available to customers in Arkansas through The Power to Care. With the match, the funds raised by the tournament alone this year will help keep the power on for more than 400 of Entergy Arkansas’ most vulnerable customers. The Power to Care is funded not by any of our customers, rather through donations made by employees, customers, vendors and Entergy shareholders.

“The financial assistance provided by The Power to Care is invaluable to our customers,” said Hinkle. “We are grateful to all our sponsors and the numerous Entergy Arkansas employee volunteers who worked together to make this possible. No one should have to choose between paying their electric bill or putting food on their table, and the generosity of those who give to The Power to Care helps alleviate that burden.”

To learn more about The Power to Care or to donate to the program, please visit www.entergy.com/care.

About Entergy Arkansas

Entergy Arkansas, LLC provides electricity to approximately 730,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy Arkansas, visit the Newsroom and connect with @EntergyArk on social media.

LITTLE ROCK, Ark., November 14, 2024 /3BL/ – The 20th annual The Power to Care Charity Golf Classic sponsored by Entergy Arkansas held recently raised more than $126,000 to help older and disabled customers pay their electric bills. Organizers said the event at The Country Club of Arkansas set records in more ways than one.

“Our hard-working committee of Entergy Arkansas employees set out to double last year’s $60,000 in sponsorship pledges for the 2024 golf tournament,” said Brandi Hinkle, with Entergy Arkansas corporate social responsibility. “In the end, we met that goal and then some. We also had a full field of 38 teams play, representing vendors and partners – and many new players – from across several states.”

The Power to Care program provides utility payment assistance to qualifying elderly and disabled Arkansans experiencing an immediate financial hardship. Many of those most vulnerable customers are faced with unthinkable choices, such as trying to choose between paying for much-needed medications or paying for utility expenses.

Diamond Sponsor Doggett Freightliner of North Little Rock donated $10,000 to the cause, and Platinum Sponsors Midwest Transformers of Kansas and A-Line TDS of Oklahoma gave $7,500. In total, more than 40 vendors pledged $124,000 and an additional $2,866 was raised from cash donations during the day-long tournament for a sum of $126,826.

Those funds will be matched one-to-one by Entergy shareholders to total more than a quarter million dollars in assistance available to customers in Arkansas through The Power to Care. With the match, the funds raised by the tournament alone this year will help keep the power on for more than 400 of Entergy Arkansas’ most vulnerable customers. The Power to Care is funded not by any of our customers, rather through donations made by employees, customers, vendors and Entergy shareholders.

“The financial assistance provided by The Power to Care is invaluable to our customers,” said Hinkle. “We are grateful to all our sponsors and the numerous Entergy Arkansas employee volunteers who worked together to make this possible. No one should have to choose between paying their electric bill or putting food on their table, and the generosity of those who give to The Power to Care helps alleviate that burden.”

To learn more about The Power to Care or to donate to the program, please visit www.entergy.com/care.

About Entergy Arkansas

Entergy Arkansas, LLC provides electricity to approximately 730,000 customers in 63 counties. Entergy Arkansas is a subsidiary of Entergy Corporation, a Fortune 500 electric company. Entergy powers life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing in the reliability and resilience of the energy system while helping our region transition to cleaner, more efficient energy solutions. With roots in our communities for more than 100 years, Entergy is a nationally recognized leader in sustainability and corporate citizenship. Since 2018, we have delivered more than $100 million in economic benefits each year to local communities through philanthropy, volunteerism and advocacy. Entergy is headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. For the latest news from Entergy Arkansas, visit the Newsroom and connect with @EntergyArk on social media.

November 13, 2024 /3BL/ – Bath & Body Works was recognized by the ESG & Sustainability Awards with the ESG Report of the Year award for its second annual Environmental, Social and Governance report.

The ESG & Sustainability Awards celebrate outstanding ESG performance and showcase top performers in line with the UN’s 17 Sustainable Development Goals.

Bath & Body Works received the ESG Report of the Year award for being the best structured and most informative report of the year. This year’s judges noted that the report was beautifully laid out with a clear link to brand and business as well as a wealth of data about Bath & Body Works’ ESG performance.

“It’s an honor to receive this recognition. At Bath & Body Works, we have ESG champions at every corner of our business and this award is representative of our cross-collaborative efforts,” says Jeff King, Bath & Body Works Group Vice President and Head of ESG. “As we continue on this journey towards a more resilient and responsible future, I look forward to sharing our progress with our stakeholders.”

As a global leader in home fragrance and personal care, Bath & Body Works is committed to its ESG progress, focusing on business growth while weaving sustainability into all business operations.

This award further highlights the brand’s continued dedication to transparency as it works to deliver meaningful impact for its people, local communities and the planet.

To learn more about Bath & Body Works’ ESG journey and to read the report, visit bbwinc.com.

ABOUT BATH & BODY WORKS

Home of America’s Favorite Fragrances®, Bath & Body Works is a global leader in personal care and home fragrance, including top-selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap. Powered by agility and innovation, the company’s predominantly U.S.-based supply chain enables the company to deliver quality, on-trend luxuries at affordable prices. Bath & Body Works serves and delights customers however and wherever they want to shop, from welcoming, in-store experiences at more than 1,870 company-operated Bath & Body Works locations in the U.S. and Canada and more than 490 international franchised locations to an online storefront at BathandBodyWorks.com.

As corporations around the world adopt ESG commitments publicly, there is the increasing demand from consumers, investors, regulators and the public for transparency and sustainable practices.

When entities claim that their products or services are “sustainable”, “carbon neutral” or “net-zero waste,” are their claims really substantiated? In some cases, these claims are not fully based on facts or substance.

Throughout this report, we explore the risks that unsubstantiated and misleading sustainability information can trigger for both corporates and governments.

With input from KPMG legal specialists in 24 jurisdictions around the world, this report also aims to illustrate the ways these jurisdictions tackle greenwashing, from specific regulatory measures to general regulations and jurisdictional greenwashing cases.

Greenwashing accusations may have relevant reputational and legal risks, and as international standards are being developed, the ever-evolving landscape is only adding to the challenges of greenwashing.

The Challenge of Greenwashing: An International Regulatory Overview

Download

NBCUniversal joined the 34th Annual EMA Awards, an annual celebration of sustainable production and environmental messaging in media, hosted by the Environmental Media Association. This year, NBCUniversal took home three awards for on-screen storylines:

Universal Pictures’ Twisters for Feature FilmUniversal Television’s Hacks for the Paul Junger Witt Comedy AwardBravo’s Top Chef for Reality Series

Another NBCUniversal nominee recognized for environmental messaging included E!’s Omg Fashun for Reality Series. The evening also honored Quinta Brunson, currently in development with Universal on a new comedy feature film.

The EMA Documentary Award winner Bad River from 50 Eggs Films premiered on Peacock on November 1.

In his acceptance speech for Twisters, director Lee Isaac Chung spoke about capturing the beauty of nature while navigating the challenges of shooting in Oklahoma during tornado season. Chung highlighted the efforts of Universal’s GreenerLight program and the sustainability team’s initiatives behind the scenes, including reducing the use of fossil fuels on-set and minimizing food waste.

Chung also recognized the scientists who served as advisors for the film as the “real heroes” for educating the filmmakers about tornadoes and climate science.

All of us are here because we love this place, we love this earth, and we want to be caretakers of it.

Lee Issac Chung

Director of Twisters

In addition to the awards, NBCUniversal earned 17 Green Seals and 32 Gold Seals, the latter an all-time high for the company. The EMA Green Seal program recognizes progress in sustainable production practices, including fuel reduction, reuse and recycling, sustainable building materials, LED lighting, food donations and more. EMA Gold Seals are a higher tiered recognition and demonstrate exemplary sustainable production practices.

65% of all NBCU EMA Seal recipients earned a Gold Seal, a record for the company, in part thanks to the launch of the NBCU Sustainable Production Standards aimed at moving the needle on fuel emissions and materials conservation on set by requiring minimum metrics be achieved. All film and TV productions that implemented these standards in 2024 received an EMA Gold Seal.

Below is the complete list of the NBCUniversal 2024 EMA Green and Gold Seal recipients, including our first sports production to be recognized – the NBC Olympics broadcast of the Paris 2024 Games.

2024 EMA Green Seals

*EMA Gold Seal winners, a higher tiered recognition.

Universal Pictures: Bridget Jones: Mad About the Boy*, Love Hurts*, How to Train Your Dragon*, Him*, Wicked*, Atlantis*, Wolf Man* The KillerFocus Features: Downton Abbey 3*Universal Television: St. Denis Medical*, Bel-Air*, Laid*, Law & Order*, A Man on the Inside*, Loot*, The Equalizer*, Hacks*, Lopez vs Lopez*, FBI*, Mr. Throwback*, Chicago Med*, Chicago P.D.*, Chicago Fire*, Harlem*, Law & Order: Organized Crime, Fight Night: The Million Dollar Heist, Quantum Leap, The Irrational, Law & Order: Special Victims Unit, FBI: Most Wanted, Late Night with Seth Meyers, The Tonight Show Starring Jimmy Fallon, On Call, Saturday Night LiveUCP: Based on a True Story*, Chucky*, Hysteria!*, Teacup*Universal Television Alternative Studio: The Americas*, Scare TacticsUniversal International Studios: The Day of the Jackal*, Too Much*, Lockerbie: A Search for Truth*, Apples Never Fall*NBCUniversal Syndication Studios: The Kelly Clarkson Show, Access Hollywood, Access Daily, E! NewsNBC Sports: NBC Olympics – Paris 2024

A full list of EMA Nominees and winners can be found here.

The climate crisis grows more dire by the day. On our current path, it’s estimated that by 2041:

Climate change will cut all crop yields in half, impacting crops like rice, wheat, potatoes, corn, and more.3.9 billion people will face deathly heat waves,400 million people will be unable to work700 million more people will be exposed to drought risk10 million more people will die every year, including from natural disasters like droughtOver 525 million people could face climate-induced hunger.

This year, global leaders are gathering at the annual United Nations Climate Change Conference (COP29) to discuss new and innovative ways to tackle climate change and prevent global temperatures from further rising. From Nov. 11 through Nov. 22 in Baku, Azerbaijan, representatives from around the world will have the opportunity to take part in a critical movement to end the climate crisis.

“Marginalized communities are disproportionately affected by the crisis — but they have contributed least to greenhouse gas emissions,” said Alvin Munyasia, Action Against Hunger’s Advocacy and Communication Specialist. “Action Against Hunger is calling on the global community to ‘pay the climate debt’ by implementing justice and making sure every community has equal and fair access to climate mitigation and adaptation efforts, through publicly sourcing climate finance in the form of grants that don’t add to countries’ unsustainable debt.”

Munyasia said this is a crucial first step to ensure equitable support for vulnerable communities, especially those on the frontline of conflict and hunger. But it cannot be the only step.

A hotter world means a food-insecure world. By investing in a climate-smart future, moving away from fossil fuels, and recognizing the importance of gender equity, attendees and conscious citizens around the world can prevent hunger for generations to come.

This is especially important in Central America, where the livelihoods of countless families depend on substantial harvests. Agriculture is their primary source of income. Devastating floods, torrential downpours, dry spells, hurricanes, fires, and other natural disasters have become all too common. Extreme weather destroys entire fields, kills livestock, wipes out irrigation systems, and threatens rural towns and cities alike.

Central America’s Dry Corridor, which encapsulates Guatemala, Honduras, El Salvador, and Nicaragua, is especially at risk. Prolonged drought has drastically cut the grain reserves of smallholder farmers. Data from Action Against Hunger’s own Food Security Monitoring and Prediction System (PREDISAN) shows that 7 million people across Central America do not have enough food, and up to 25 million people resort to eating less to reserve their food.

The Integrated Food Security Phase Classification (IPC) committee, an independent group of food security and nutrition experts from the United Nations, governments, and NGOs (including Action Against Hunger), have also sought to analyze hunger levels in the region. Their data suggests that up to 1.25 million people across El Salvador, Honduras, and Nicaragua even face “crisis” levels of food insecurity, as well as 2 million in Guatemala. These individuals need urgent action to prevent deadly malnutrition. (See this graphic for further explanations of IPC levels of hunger).

Climate-resilient solutions are key to safeguarding future food security. Action Against Hunger is supporting communities across the region and launching innovative solutions to save lives. Here are stories from some of the inspiring men and women we support.

Environmental Initiatives in Honduras

In Trojes, Honduras, Action Against Hungers supports a women-led cooperative that was funded in 1990. All members work in sustainable, environmentally friendly agriculture initiatives. One of their main products is honey, and they work on its full production cycle — from sewing the beekeepers’ overalls to making beeswax to bottling honey and marketing it.

Sara Cerrato is the Cooperative’s Vice-President. In the last few years, she witnessed firsthand how climate change has impacted her community.

“I think that climate change does affect us to a great extent, especially in beekeeping,” she said, adding that the erratic weather patterns prevent the bees from pollinating.

One of her projects aims to reforest the communities to benefit the beehives. “We have planted fruit trees, we have cedar and mahogany on our personal farm, and we also have the cardamom area, which also helps a lot for the bees on the farms,” she said. “All of this is part of the reforestation… the cooperative plants to give to the people so that they can reforest and thus mitigate climate change.”

Santos Argentina Rodriguez is a cooperative member who specializes in making wax. She’s originally from the rural community of Los Milagros.

“The reality is that since I was very young, from the age of 11, I had to work by myself to support myself,” she said. “I didn’t even study because my father didn’t want to support us. I barely got past first grade, but thanks to God I got ahead.”

She said she helped her two daughters get through school as well, and now has a 13-year-old boy about to start ninth grade. “Thanks to God, the support of the cooperative, and the support of friends, I am where I am.”

Conservation Projects in Guatemala

Action Against Hunger is also working with communities in Guatemala’s Eastern Dry Corridor, where 50-year-old Alicia participates in the Arbol de Lluvia (Rain Tree) project. Developed by Action Against Hunger and the University of Jaen, this innovative system is remarkably simple in its design. The Rain Tree accumulates water from rainfall and gives it to soil when the ground grows dry. It hydrates the plant when the roots are desperate for water. In the first year of the project, the Rain Tree project facilitated a 16% increase in cassava production in five communities’ harvests.

Today, Alicia and her husband live next to one of the Rain Tree plots. Her daughter and grandchildren live nearby. The project has allowed them to produce a much better harvest. Action Against Hunger has also assisted Alicia by providing cash transfers; constructing a cooker, grinder, benches, and chicken coop for her house; and whitewashing her walls to insulate the house and prevent bugs and scorpions from hiding in the cracks.

“In these communities, the availability of water is very scarce, especially in community gardens,” said Gloria Coy, Action Against Hunger’s Project Manager of the Rain Tree Project. “This is an alternative to facilitate access to water for the crops we have in community gardens. Looking for production alternatives helps us to be resilient and combat climate change’s effects.”

Alberto Giovanni Martinez Salazar lives slightly farther south in Talquezal, Guatemala. He participates in Action Against Hunger’s reforestation initiatives with sheer dedication and determination. After excessive logging to plant other crops eroded the soil, Alberto and Action Against Hunger’s staff members are restoring the environment and teaching the community about conservation.

“The reforestation was an initiative of Action Against Hunger saw the need for reforestation because of the landslide. We wanted to stop it because it is a large area, more than three blocks had collapsed,” he said. “We saw the reforestation project as an opportunity.”

Alberto expressed gratitude for how the project not only protects the soil but safeguards nature for years to come. “It is important because forests are being lost and we are becoming aware of climate change,” he said. “It is affecting us too much, so I hope these initiatives continue to be taken and that we can, in this way, have a better planet — a greener planet.”

About Action Against Hunger’s Climate-Smart Initiatives in Central America

Action Against Hunger has been working in Guatemala, Honduras, and Nicaragua since 1996.

In Central America, Action Against Hunger supports local farmers and helps communities build resilience to climate change. We support families with coffee cultivation, growing and protecting crops like maize, beans, and even loofah, safeguarding against pests, climate-smart home and garden improvement, reforestation, conservation, beekeeping, honey-bottling, nursery maintenance, income-generating activities, and so much more.

About Action Against Hunger

Action Against Hunger leads the global movement to end hunger. We innovate solutions, advocate for change, and reach 21 million people every year with proven hunger prevention and treatment programs. As a nonprofit that works across 59 countries, our 8,900 dedicated staff members partner with communities to address the root causes of hunger, including climate change, conflict, inequity, and emergencies. We strive to create a world free from hunger, for everyone, for good.

**

Photos by Gonzalo Hohr

Story by Ana Mora Seguara, International Communication Specialist and Kenneal Patterson, Senior Communications Associate

Originally published in Northern Trust 2023 Sustainability Report

Our Employee Volunteering Program

In 2023, Northern Trust employees set a record for volunteering. Year-round volunteering returned to pre-pandemic levels with our employees donating 106,000 hours of service. During the month of October alone, Northern Trust’s global month of service known as Achieving Greater Together, employees volunteered nearly 53,000 hours, supporting more than 1,700 organizations.

As part of our Achieving Greater Together program, we coordinated a wide variety of planned events for teams to volunteer together, while also allowing employees to do charitable work of their own choosing. Employees from Northern Trust locations around the world participated in events such as painting a shelter in India, beach clean-ups in Australia, caring for shelter dogs throughout the U.S. and delivering food to the elderly in the U.K.

Northern Trust also provides each employee with two paid days off to pursue volunteering efforts, and further donates 50 meals to those in need for every hour of each employee’s volunteerism in the month of October through The Global FoodBanking Network, European Food Banks Federation and Feeding America.

This year, thanks to the generosity of employees, Northern Trust contributed more than 2.6 million meals.

“Our employees logged a record-breaking level of volunteerism in 2023, which shows one measure of how important our communities are to our company,” said Northern Trust Chief Social Impact Officer Shana Hayes. “I’m also thrilled that in the city of Chicago, where we are headquartered, we launched our first annual Northern Trust Anchor Award, which aims to build the capacity of highly effective nonprofit organizations.”

These metrics and more details about our inaugural Northern Trust Anchor Award can be found in Northern Trust’s 2023 Philanthropic Impact Report.

Our Contribution to UMOM’s Mission

UMOM provides shelter, housing and services for people experiencing homelessness in Arizona, serving nearly 700 individuals every night. UMOM believes that every human being, no matter their status, deserves dignity, respect and a home, and they spend every day working to make that vision a reality. Employees from Northern Trust’s Phoenix and Tempe offices volunteered with UMOM several times in 2023, collecting supplies and creating hygiene kits and snack packs to support those experiencing homelessness in the Valley. “UMOM’s mission of ending housing insecurity and the way the organization goes about helping those in need is so compassionate,” Ladonna Corn, a Northern Trust project manager, said. “Volunteering with UMOM has had a valuable impact on my life.”

OUR COMMUNITY INVESTMENT AND PHILANTHROPY 2023 HIGHLIGHTS

Maintained an “Outstanding” Community Reinvestment Act (CRA) rating for the 28th consecutive yearCommunity investment portfolio exceeded $4.6 billionParticipated in a $6 million investment with GoodwillEmployees volunteered more than 106,000 hours

Read the full report here

Cummins

The industries Cummins Inc. powers play a critical role in impacting climate change. We have the opportunity and responsibility to leverage our expertise to develop sustainable solutions that enable our customers’ success, positively impact our communities and protect our planet for future generations.

The greatest opportunity Cummins has to meet our environmental goals is by continuing to execute Destination Zero, our commitment to sustainability and helping our customers navigate the energy transition while growing our business.

Unlike passenger cars, there is not a single solution that will work to decarbonize commercial and industrial applications. That’s why at Cummins, we are investing in a broad portfolio of technologies – not only as part of our environmental strategy – but also as a key component of our business growth strategy. We believe tech neutrality is the growth path into the next era of smarter, cleaner power, for three key reasons:

Markets in the commercial and industrial industries have diverse and unique challenges, needs and goals in decarbonizationWe can make a stronger impact by starting today with tech neutrality and a broad portfolio of solutionsThere is space to advance “current” technologies, such as fuel-agnostic internal combustion engines (ICE), to remain part of the solution in the future alongside new technologies

Serving diverse markets in this energy transition

We serve customers in some of the world’s most demanding and economically vital applications with a variety of use cases, duty cycles and power needs. The majority of these applications are vastly different from passenger cars in how they are used, the environments in which they operate and what drives buying decisions.

In addition, external factors beyond our control impact our customers’ journeys of reducing emissions while meeting their varied requirements. Some of these factors include the adoption of new technologies, stronger emission regulations and availability of lower-and-zero carbon fuels and infrastructure.

For example, the bus market has been one of the first to start the transition to battery electric solutions. This makes sense for a few key reasons:

many buses run on fixed, shorter routes, requiring a shorter range of chargebuses typically return to a central base every night, making charging more feasible without broad infrastructure buildoutthough the initial cost is higher for battery electric, customers in this space are motivated by municipal environmental goals, available incentives and lower maintenance and operating costs

Alternatively, a mine truck operates long hours carrying heavy loads under some of the most extreme conditions with temperatures ranging from +50C to -50C and altitudes exceeding 4200 meters. Operational efficiency is critical. Although most large mining companies have committed to sustainable mining and have set decarbonization goals inside the 2050 Paris Agreement targets, the path to zero in mining has very different requirements and timeline to buses.

It will take longer to advance economically viable zero-emissions technology to serve mining customer needs. We will likely see a number of potential solutions adopted over the coming decade. It will depend on the unique operational challenges and infrastructure at the mine location. These could include hybrid systems, alternative fuels, fuel cells and battery electric technology.

Finally, a heavy-duty truck in the long-haul trucking market often travels 300 miles per day – and will generally go over one million miles in its lifetime – all while carrying heavy payload in often challenging driving environments. Long-haul trucks also take widely varying cross-country routes and aren’t returning to a central base daily. These fleet customers are also committed to decarbonizing effectively and the regulatory environment will drive low / zero carbon solutions to the market. As such, low carbon fuels, hybrid and electric could play a role in this but infrastructure deployment will determine rate and pace of adoption and economics of operation.

By committing to offer a broad portfolio of power solutions, Cummins is able to provide the right decarbonization solution at the right time to the right customer.

Making an impact by starting to decarbonize today

We launched our customer-driven, multi-solution approach that includes advancing the company’s core business as well as developing new, zero-emissions solutions through Accelera™ by Cummins, in Destination Zero two years ago,

Cummins leaders clearly recognize that path to zero emissions would not be linear and highly influenced by external factors. We will need to invest in a range of technical solutions to make a significant impact across the short-, medium- and long-term. We must do so while continuing to drive economic growth and inclusion. We also need policies that set emissions goals and allow our business to develop the solutions to get there, using all available technologies including advanced diesel, natural gas, hydrogen, hybrid electric, battery-electric and fuel cell electric power. Government support is crucial for infrastructure, development, and deployment of new technologies.

Innovating lower-emissions advanced diesel and natural gas engine solutions together with efficient transmission systems, rather than waiting to go to market with fully zero-emissions solutions, will allow us to further cumulative carbon reduction by an estimated 1.4 gigatons – the equivalent of removing all trucks globally from the road for three years.

Cummins’ diesel and natural gas engines are among the most efficient products on the market and have significantly reduced emissions compared to predecessors from the 1980s. Combining this with integrated drivetrains and telematics data further improves the fuel economy of the vehicle. We continue to make remarkable strides in improving fuel economy and reducing the carbon footprint of our products.

Space for all technologies to fit in the energy transition journey

People usually refer to internal combustion engines as “old” or “current technologies”, while batteries and fuel cells are known as “new” technologies. Thinking about this challenge as a choice between “old” and “new” technologies is too binary to solve this issue over the coming decades.

External factors beyond our control impact our journey of reducing emissions, such as customer adoption or availability of lower-to-zero carbon fuels and infrastructure. That’s why Cummins is confident in our business strategy to continue offering a broad range of technology solutions to meet our customers’ needs.

Commercial vehicle markets are complex and require solutions to serve operational demands of customers and deliver on future sustainability goals. We are innovating across a range of products, and we believe there is considerable growth opportunity for both our core business technologies and those developed by Accelera throughout the energy transition and for many years to come.

Nasdaq

Review the results from a survey that gathered data from over 870 board members, executives, and governance professionals across organizations and industries globally. The diverse respondents offer a comprehensive view of corporate governance trends and practices and anticipated 2025 board priorities.

The goal of this report is to provide data and insights on corporate governance matters to help boards assess and improve their quality of governance and overall effectiveness across five key areas:

Board composition and cultureBoard evaluationsCEO evaluations and management oversightGovernance practices, processes, and toolsStrategic and risk topics on the horizon

Key Findings

Effective boards are premised upon prioritizing competencies that enable decision-making and oversight of important areas.

35% of survey respondents emphasize focus on AI and machine learning to enhance board composition and alignment with the organization’s strategy, along with cybersecurity and data privacy (34%) and technology and innovation (28%).

Regular board evaluations help drive continuous board improvement and good governance.

72% of survey respondents who conduct a board evaluation report the reason stems from the desire to increase the board’s effectiveness and only 8% of respondents report that shareholders, owners, or stakeholders require the board to conduct an evaluation.

Organizations benefit when CEO evaluations are designed to provide accountability and guidance for growth and long-term success.

Although 78% of survey respondents review the CEO’s achievement of performance goals defined in the compensation plan, only 50% regularly discuss the CEO’s performance.

Boards are implementing new meeting structures and tools that lead to greater efficiencies and deepen engagement.

73% of respondents indicate their board utilizes a hybrid meeting structure (in-person and virtual) and 47% report executive sessions occur at every board meeting.

The board can provide value to management in establishing strategic direction and overseeing execution of the strategic plan.

94% of survey respondents report their board monitors strategy execution, with 51% doing so through a defined framework with KPIs and 43% reviewing informal or periodic reports from management.

Download the report

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.