Caterpillar had an outstanding year in 2017, with achievements in many areas. Our ever-stronger sustainability record and our contributions to the circular economy were among our most important achievements this year.
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IEA World Energy Outlook 2017
As a leading global manufacturer of heavy equipment, we provide the solutions – the engines, locomotives, machines and services – our customers use to build a better world.
For more than 90 years, our customers have been using Caterpillar equipment to help improve living standards across the globe. Their work moves us closer to our vision of being a company that improves the communities where we live and work, and improves environmental quality. It also moves us closer to a world in which all people’s basic needs – such as shelter, clean water, sanitation, food and reliable power – are fulfilled in a sustainable way.
With this vision in mind, we help enable economic growth and provide solutions that support communities and protect the planet. Global economic growth helps put people on a path to prosperity and is important to Caterpillar’s future.
We provide work environments, products, services and solutions that make safe, productive and efficient use of resources. We know sustainable progress is possible through better systems that maximize life cycle benefits, systems that also minimize economic, social and environmental costs of ownership. Our operations are guided by our sustainability principles of preventing waste, improving quality and pursuing innovation to develop better systems.
In 2017, we also developed and began implementing a new enterprise strategy; the primary goal of the strategy is long-term profitable growth. Our Values in Action – Integrity, Excellence, Teamwork, Commitment, and Sustainability – are the foundation of that strategy and all we do.
We have long been a company based on values. And, for more than thirty years, we have dedicated resources to remanufacturing and rebuilding products and components that meet multiple sustainability goals. Just as importantly, remanufacturing and rebuilding deliver economic value to our customers, by extending product life cycles and through more efficient use of resources. We are dedicated to remanufacturing and rebuilding opportunities across our company – from components to engines to turbines to rail.
In addition to extending product life, we look at the totality of our processes to manufacture our products as responsibly as possible. Our facilities focus on energy and water conservation, and reducing waste and greenhouse gas emissions to minimize environmental impacts. In many cases, the ingenuity of our employees brings some of the most innovative solutions, like the Focus Forward program in Athens, Georgia and the Zero-Incident Performance (ZIP™) Process developed by Caterpillar Safety Services.
We constantly look for ways to work smarter on the job, to reduce waste and conserve natural resources. This is also part of our commitment to our customers who want to improve their operations and competitiveness and realize the full value of their assets on job sites.
Caterpillar invests in innovation that both improves business opportunities and contributes to our sustainability goals. We have examples of this in high-efficiency energy conversion and electrification, the expanding use of alternative fuels, and the use of distributed power generation systems that help improve energy access while emitting fewer greenhouse gas emissions. We have the world’s largest single autonomous fleet, which is moving hundreds of millions of tons of material for our mining customers, improving productivity, efficiency and safety.
We value diversity and inclusion, and welcome the diverse contributions every individual can make to our company. We are committed to fostering an environment where all employees know that their unique skills, abilities, experience and cultural background are respected.
We are also committed to investing time and resources in the communities where we work and live. Since 1952, the Caterpillar Foundation has been investing to transform lives across the globe through programs that support education, the environment and basic human needs. The Foundation is investing strategically, and in collaboration with partners, toward its goal of helping 50 million people rise out of poverty by 2020.
Collaboration is a watch-word for Caterpillar Foundation investments and our sustainability efforts worldwide. We know collaboration among our employees and with our customers, suppliers and dealers is necessary to achieve our vision of improved environmental quality and stronger communities around the world. We know working together we can make greater progress towards our sustainability goals and greater strides toward building a better world.
Chief Executive Officer