Cummins has communicated its participation in two influential groups on climate action ahead of COP26 summit, to be held from October 31 to November 12 in Glasgow. The Business Ambition for 1.5°C campaign encourages companies to set robust emission reduction goals for greenhouse gases using science-based targets aligned to the 2015 Paris Climate Accords. By extension, Cummins has also been accepted into the United Nations’ Race to Zero, a global campaign to rally leadership and support from businesses, investors, cities and regions for climate action. Both groups maintain acting now can prevent future environmental threats, create jobs and unlock sustainable growth.
Cummins’ engagement before the COP26 summit
Cummins worked with the Science Based Targets initiative (SBTi) in developing the company’s PLANET 2050environmental strategy released in 2019. The strategy includes 2030 goals aligned to targets established in the Paris Climate Accords, and the aspiration to reach net zero emissions by 2050. PLANET 2050 includes two approved science-based targets. One is to reduce absolute GHG emissions from Cummins’ facilities and operations (scopes 1 and 2) by 50 percent, which is consistent with keeping global warming to 1.5°C above pre-industrial levels. The other is an absolute lifetime reduction in the company’s scope 3 GHG emissions from newly sold products by 25 percent.
Cummins has been long working on hydrogen development, signing acquisitions and agreements with start-ups or other key companies in the sector (the one with Chevron is a good example). Besides, the US engine manufacturer is also testing hydrogen-fueled IC engines as well as the possibility to power hydrogen fuel cell trucks.
Comment by CEO Tom Linebarger
«Climate change is the existential crisis of our time and the biggest threat to our Mission as an organization. So, we want to dedicate our innovation, our talent, our resources, and our investments to reduce our impact on the climate. Of course, we have a lot of other challenges to address at the same time to fulfill the needs of our stakeholders, but if we don’t address climate change, there will be nothing else to do», commented Cummins’ Chairman and CEO Tom Linebarger.