Cummins Water Works celebrates one year of delivering sustainable solutions
Posted 6 hours ago
Proposed by Cummins, Inc.
Cummins Inc. earlier this month marked the first anniversary of Cummins Water Works, the company’s commitment to strengthening communities through sustainable water and solving the global water crisis.
Cummins Water Works is a key part of the company’s strategy to combat climate change and expand Cummins’ commitment to sustainability. Water is the primary means by which people experience the effects of climate change – from droughts to floods. Today, around 785 million people lack access to basic drinking water, and by 2050 at least one in four people will likely live in a country with chronic or recurring water shortages.
The Water Works initiative aims to ensure the availability and sustainable management of water in the communities where Cummins does business and where the company’s employees live and work. Through partnerships with The Nature Conservancy and Water.org, Cummins Water Works has helped more than 500,000 people by delivering approximately four billion gallons of annual water benefits to communities around the world, improving access to water drinking water and improving water quality.
The company’s support of Water.org has enabled the nonprofit organization to complete more than 47,000 water infrastructure improvement projects, such as the installation of faucets, plumbing fixtures, faucets, pumps and water storage tanks. Additionally, Cummins funds have supported the marketing of loan opportunities to families in the most vulnerable communities. The funds also help teach banks how to deal with low capital environmental loans and show that the loans are profitable.
To date, Cummins Water Works has helped raise over $17 million in capital with a loan repayment rate of just over 99%. More than 80% of the candidates are women.
Projects are currently underway in the United States, Mexico, Brazil and India, and several more have been identified for Chile, South Africa and Spain. These projects meet a range of local needs such as building oyster reefs that filter algae from the water and remove nutrients that can be harmful to other aquatic species, sponsorship of low interest loans interest in underserved populations and indoor plumbing installation.
A recent loan helped a family in Brazil buy a rainwater storage tank, which allows them to avoid costly trips to town to buy water and to spend more time on their family farm.
In India, Cummins funds have enabled families to install taps and toilets in their homes, helping them live safer and healthier lives. They also save money because the monthly loan repayments are less than what they used to pay local water vendors to get clean water.
Cummins Inc., a global energy leader, is a complementary business segments company that designs, manufactures, distributes and services a broad portfolio of energy solutions. The Company’s product line includes diesel, natural gas, electric and hybrid powertrains and powertrain-related components, including filtration, aftertreatment, turbochargers, fuel systems, control systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation products and fuel cells. Headquartered in Columbus, Indiana (USA), since its founding in 1919, Cummins has employed approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, the environment and equal opportunities.
More Cummins, Inc.
Comments are closed.