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Sustainability for Cummins is the future and the way forward, and it is particularly necessary for them as they are a resource heavy industry. Without sustainable development, it won’t be possible for them to survive in the market and this fact is what guides their approach towards CSR. The dependability of Cummins products is of paramount importance for the sustainability of the company and hence the Cummins engineers strive to achieve perfection in their production methods before the end product reaches masses. Cummins views sustainability on a much broader aspect, and thus includes various factors such as environment, corporate responsibility, safety, diversity and inclusion, employee development and governance as key performance indicators. Corporate Social Responsibility has always been one of the core values of it, with the motto of ‘Serving and improving the communities in which we live’.
In India, Cummins works alongside of Cummins India Foundation (CIF), incorporated in 1990. It is a public charitable trust registered under the Bombay Public Trusts Act, 1950, the Income Tax Act, 1961 and the Foreign Contribution (Regulation) Act, 2010 and it focuses its attention on serving the community and in the process enhancing the quality of life of the people of those communities. CIF doesn’t accept charity from public at large. It has addressed various issues in the fields of environment, society, etc., Cummins has made significant contributions in 2017 18 with projects on Education, Rural Development, Water Neutrality, Solid Waste Management, Scholarship Program and Coach Them Young just to name a few. The three primary areas of focus of the Cummins India Foundation are Higher Education, Energy and Environment and Equality of Opportunity.
To promote and encourage employee participation such activities, Cummins introduced the ‘Every Employee Every Community ‘(EEEC) initiative, wherein it is mandatory for each employee to devote four working hours for any CSR project. For the fifth consecutive year, your Company achieved a 100% score under this initiative. The Foundation works closely with its local communities to identify the right projects and channelize CSR contribution.
The Board of Directors of Cummins India constitute what is known as the “CSR Committee”, and this committee comprises of the following Members:
The Committee has formulated a CSR Policy indicating the activities to be undertaken by it as per the Companies Act, 2013.
It also monitors and then makes suggestions regarding the amount of expenditure to be incurred on various activities in addition to reviewing the CSR Policy of the Company at regular intervals.
1 Average Net Profit of the Company for Financial Years 2014 15, 2015 16 and 2016 17 830.64
2 Prescribed CSR Expenditure (i.e., 2% ) 16.61
3 Details of the CSR Spent during the Financial Year 2017 18
a. Total amount spent for the Financial Year 16.61
b. Amount unspent, if any Nil
Cummins’ commitment to Health, Safety and Environment continued in 2017, reinforcing its responsibility towards employees, natural resources and the environment. Sites have taken efforts through various projects and have focused on training to strengthen the safety culture.
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