Caterpillar Inc. released its 2024 Annual and Sustainability Reports, showcasing the company’s notable strides advancing the business across all segments.
The 2024 reports underscore Caterpillar’s commitment to building a better, more sustainable world, and highlight the collective efforts of global Caterpillar employees in meeting customer needs and achieving the company’s goals.
“The reports detail Caterpillar’s investment of more than $30 billion in research and development over the past 20 years in best-in-class innovation,” said Caterpillar CEO Joe Creed. “Our strategy for profitable growth is delivering results. With rising global demand for energy and critical minerals powering emerging technologies – alongside expanded opportunities to meet the world’s infrastructure needs – we are well-positioned for what’s ahead.”
Progress Toward Caterpillar’s Strategy for Growth and Sustainability Goals
The 2024 reports detail Caterpillar’s strategy for long-term profitable growth – focusing on services, expanded offerings, operational excellence and sustainability. They also highlight Caterpillar’s ongoing progress towards its 2030 sustainability goals, including: reductions in greenhouse gas (GHG) emissions in our operations, increased sales of remanufactured products and our continued focus on employee health and safety.
Caterpillar’s success is deeply intertwined with its dedicated dealer network, valued customers and the hard work of its employees. The reports show how the company provides comprehensive solutions, including hands-on training, support, and maintenance, to help customers maximize their equipment’s performance and meet their sustainability-related goals.
“Our commitment to excellence extends beyond the execution of our strategy,” said George Moubayed, chief strategy and sustainability officer. “For example, we continue to develop an expanded portfolio of increasingly fuel-efficient, fuel flexible and fully electric products that help customers achieve their sustainability-related objectives.”
Caterpillar and its employees are equally dedicated to improving the lives of others around the world through the Caterpillar Foundation. From supporting skills development and workforce readiness in communities to building sustainable infrastructure and enabling disaster preparedness, response and recovery, the 2024 reports detail the critical work being done.
The 2024 Sustainability Report integrates Caterpillar’s Diversity & Inclusion, Lobbying, and TCFD (Task Force on Climate-related Financial Disclosures) reports into a single, easily accessible document, ensuring employees and stakeholders can find relevant and timely information in one resource.
Learn more and explore the reports at caterpillar.com/reports.