Barron’s recently released its list of the 100 Most Sustainable Companies in America, and Caterpillar made its debut at No. 74.
The list, produced by Barron’s in partnership with Calvert Research and Management, focuses on 230 ESG (environmental, social and governance) indicators for the 1,000 largest public companies in the US by market capitalisation. This is the sixth year the list has been launched.
Caterpillar’s contribution to the circular economy is one reason for its inclusion. Thanks to remanufacturing operations, more products and materials are recycled, reducing waste and emissions.
“Remanufacturing is at the heart of a business strategy for service growth and sustainability,” said Brian Edwards, senior vice president of remanufacturing at Caterpillar.
Remanufacturing revitalises previously discarded parts and reduces the need for raw materials, water and energy to make new parts, thereby reducing the environmental impact and helping customers achieve their sustainability goals.
The circular economy of Caterpillar
As much as possible, resources are retained in Caterpillar’s value chain through the circular flow of materials, energy and water. Based on these activities, Caterpillar recycles millions of pounds of end-of-life products each year.