Corporate Responsibility is Good Business

1
Corporate Responsibility is Good Business

• Corporate Responsibility Officers Conference
• May 10, 2007 New York City

2
Corporate Responsibility is Good Business

• Cummins History
• Guiding Principles
• Living the Values
• CSR at Cummins Today
• The Business Case for Corporate Responsibility

3
Cummins History

• CSR from the beginning
• J. Irwin Millers influence
• Stakeholder concept
• CSR evolves

4
Stakeholder Concept

• While some argue that business has no social
  responsibility, we believe that our survival in
  the very long run is as dependent upon
  responsible citizenship in our communities and
  the society as it is on responsible
  technological, financial and production
  performance.
• -- From the 1972 Cummins Annual Report

5
Guiding Principles

• Vision
• Mission
• Values
• Integrity
• Diversity
• Corporate Responsibility
• Global Involvement
• Vision Mission values Guiding Principles

6
Living the Values

• South Africa
• Domestic Partner Benefits
• Sudan

7
CSR at Cummins Today

• Strategic Discipline
• Cummins Foundation
• Policies
• Guidelines
• Community Involvement Teams

8
Cummins CSR Projects

• Every Employee, Every Community
• China Library
• Brazil Good Neighbor Project
• Mexico Serving Marginalized Populations
• India College of Engineering for Women
• Indianapolis Childrens Museum

9
Business Case for Corporate Responsibility

• Healthy Communities
• Leadership Development
• Recruitment and Retention
• Right Thing to Do
• Fun!

10
Final thoughts

• No magic bullet to create a responsible
  company.
• Articulating clear guiding principles is crucial.
• Good citizenship is good business.